Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Tag: block KON-11
Tobias-13 well spuds in brownfield block KON-11
Corcel plc’s partner yesterday began drilling the Tobias-13 oil well in block KON-11 in the Kwanza basin, onshore Angola. DATA Subject to the first well’s results, the workplan for KON-11 includes one or more new wells with the main aim of early production. On positive drilling results, the geological and geophysical data will be […]
Corcel notes start of preparations for Angola drilling
Corcel plc said preparations had started for drilling and appraisal at its recently acquired oil interest KON-11 in the Kwanza basin, onshore Angola. TOBIAS FIELD In May, the company acquired a 20% working interest 18% net to Corcel the non-operated block which holds 12 historical wells. The operator is Angolan national oil company, Sonangol. KON-11 is […]