Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Tag: Corcel plc
Corcel completes Kwanza oil and gas acquisition
Corcel plc completed the acquisition of its 90% interest in Atlas Petroleum Exploration Worldwide Ltd with assets in the Kwanza basin, onshore Angola. CONTRACTS The company last week signed the risk service contracts for blocks KON-11, KON-12 and KON-16 and other conditions precedent are also satisfied. The issue of shares for the transaction, announced in May […]
Corcel awards 3.5m incentive shares to CEO
Corcel plc has awarded 3,506,490 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) to chief executive officer Scott Kaintz. The company said that the awards were for the 2022-23 tax year as agreed in the trustees meeting held on 5 April 2023. Also in respect of the same tax year, Mr Kaintz […]
Corcel to appoint vendors of Kwanza assets to the board
Corcel plc has appointed Scott Gilbert to the board as a non-executive, subject to regulatory checks. Mr Gilbert is one of the vendors of the Kwanza Basin assets in Angola acquired this week by the company. He has a long track record in the oil and gas sector with significant experience in Angola and Brazil. […]
Corcel acquires first oil and gas project
Corcel plc has acquired its first oil and gas asset with 90% ownership of Atlas Petroleum Exploration Worldwide Ltd (Apex) in the Kwanza basin, onshore Angola. ASSETS The acquisition also sees executive chairman James Parsons return to familiar commodities, having started his career in oil and gas with Royal Dutch Shell in Brazil. Apex, with headquarters […]
Corcel sells 20% of Mt Weld to board nominee
Corcel plc has sold 20% of its Mt Weld rare earths project for A$1 million (£500,000) cash to a shareholder company controlled by nominated non-executive board member Antoine Karam. JOINT VENTURE The sale is to Italian private investment company Extraction Srl which currently holds 9.61% in Corcel. Mr Karam was nominated to the board by Corcel’s […]