Corcel plc non-executive director and former chairman Antoine Karam has resigned with immediate effect. Interim non-executive chairman Andrew Fairclough said: “On behalf of the board, I would like to offer thanks to Antoine for all that he has done for the company, having led the change in strategic direction last year and for supporting it both […]
Tag: Corcel plc
Corcel increases stake in KON-16
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 […]
Corcel completes KON-16 survey data acquisition
Corcel plc has competed acquisition of survey data on block KON-16 in the Kwanza Basin, onshore Angola. PROSPECTIVITY Metatek Group began operations for the enhanced full tensor gradiometry survey (eFTG) in June. Following processing and interpretation of the data during Q4, the company will ascertain how to develop the prospectivity of the 1,000km2 block. The data […]
Corcel chairman to step down
Corcel plc non-executive chairman Antoine Karam is to leave the post as part of further changes at the company. His interim replacement will be independent non-executive director Andrew Fairclough. Interim chief executive Scott Gilbert has assumed a permanent role and will join the board as an executive director on completion of regulatory checks. Non-executive director Deepak […]
Corcel targets ‘pipeline’ of Brazil assets
Corcel plc has agreed a collaboration to identify, evaluate and acquire “a pipeline” of producing onshore oil and gas fields in Brazil. ADVANTAGE New partner Conterp Serviços Técnicos Ltda will contribute its local market knowledge and relationships, access to technology, services, equipment and expertise of asset management of onshore Brazil oil and gas fields. Corcel will […]
Corcel raises £500,000
Corcel plc has raised £500,000 from the issue of 500,000,000 new ordinary shares of £0.0001 at £0.001 per ordinary share with high net worth investors. The fundraise follows Extraction Srl and a third-party’s inability to provide funds within time for the 15 April equity placing. The 180,000,000 ordinary shares and 180,000,000 warrants which were due to be issued to the […]