Corcel plc has appointed three new directors to its board with immediate effect and expects to add a further two on completion of checks. MD Angola and chief commercial officer Geraldine Geraldo joins as an executive director. Ms Geraldo has a legal and business development background and more than 15 years’ experience in the oil […]
Tag: Corcel plc
Corcel starts exploration at Canegrass
Corcel plc has begun initial exploration activities at its 100% owned Canegrass lithium project in Western Australia. TARGETS The company has engaged APEX Geoscience will for one week carry out “first pass ground truthing” to verify interpreted pegmatite swarms delineated from satellite imagery analysis. The programme aims to investigate and confirm lithium and nickel prospectivity of […]
Corcel JV spuds Tobias-14 in Kwanza
Corcel plc’s consortium partner has spud the Tobias 14 well on the onshore KNON-11 block in the Kwanza basin, onshore Angola. PRODUCTION TO-14 follows drilling of TO-13 which earlier this month encountered “potentially productive zones in multiple intervals” throughout the Binga reservoir. A well testing programme for both wells will begin after operator Sonangol reaches total […]
Tobias-13 shows potentially ‘significant’ productive zones
The Tobias-13 well has encountered “several potentially productive zones in multiple intervals” in the Kwanza basin, Angola. BINGA RESERVOIR Corcel plc’s joint venture and operator Sonangol (80%) drilled at a downdip location from historic production to the planned depth of 958.5 metres, penetrating the entire Binga reservoir section of a circa 120m column. Results indicate […]
Corcel offered $4.1m for Mambare
Corcel plc has received a revised conditional offer of $4.1 million for its 41% interest in the Mambare nickel-cobalt project in Papua New Guinea. EXIT Part of the payment from Integrated Battery Metals (IBM) can be either in cash or IBM shares at Corcel’s discretion. In March 2023, Corcel restructured its PNG assets by signing a […]
Corcel converts £100,000 loan notes into 25m shares
Corcel plc has received notice to convert £100,000 of outstanding loan notes into 25,000,000 new ordinary shares each at a price of £0.004. The loan notes are from the company’s lenders YA II PN Ltd and Riverfort Global Opportunities PCC Ltd. Following the issue of the shares Corcel’s issued ordinary share capital will comprise 1,499,528,988 […]