Interview

REACH

Corcel PLC

("Corcel" or the "Company")

Interview

20 November 2024

Corcel Plc (London AIM: CRCL), the pan-Angola-Brazil focused energy company, is pleased to announce that is has released an interview with Geraldine Geraldo, Corcel's Chief Commercial and Strategy Officer, which can be accessed through the following link:

https://www.youtube.com/watch?v=MoRSzXI-2ts

For further information, please contact:

Scott Gilbert - Corcel Plc, CEO & Director

Development@Corcelplc.com                                                                           

James Joyce / James Bavister / Andrew de Andrade - Zeus, NOMAD & Broker

020 3829 5000                                                                                        

Jonathan Wright / Rupert Holdsworth Hunt - Auctus Advisors, Joint Broker

07711 627449

Patrick d'Ancona - Vigo Communications, IR

0207 3900 230                                                                          

About Corcel

Corcel has a notable oil and gas portfolio in onshore Angola that includes brownfield redevelopment opportunities and significant exploration upside.

Corcel's Angola portfolio consists of interests in three licences:

·    KON - 16 Operated - 55% working interest - 49.5% net to CRCL

·    KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·    KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 Corcel's Brazil portfolio consists of the option to acquire:

·    a 20% interest in the IRAI gas field

·    a right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field, and

·    another ROFR for 100% of the adjacent TUC-T-172 exploration block, located in the state of Bahia, onshore Brazil.