Corcel Plc · LSE:CRCL
Corcel — Investor Presentation (December 2025)
17 slides from Corcel's investor presentation, December 2025
Slide 1: Corcel Investor Presentation
CORCEL INVESTOR PRESENTATION Upstream Oil and Gas and Battery Metals AIM: CRCL DECEMBER 2025
Slide 2: Contents
Return to contents page CONTENTS Disclaimer 3 Oil & Gas Portfolio Overview 4 Delivering Tangible Value at Key Capital and Operational Milestones 5 Leading Onshore Kwanza Pre-Salt Exploration - KON-16 2D Seismic 8 Positioned for Growth and Expansion 13 UPSTREAM OIL AND GAS AND BATTERY METALS 2
Slide 3: Disclaimer
Return to contents page CORCEL PLC | AIM:CRCL DISCLAIMER These presentation slides (the “Slides”) do not constitute an offer to The Slides are not for distribution in, nor do they constitute an offer the public or an offer for sale or solicitation to purchase or subscribe of securities for sale in,
Slide 4: Oil & Gas Portfolio Overview
Return to contents page CORCEL PLC | AIM:CRCL OIL & GAS PORTFOLIO OVERVIEW Exploration Onshore Kwanza Basin KON-16 • 71.5% KON-12 • 22.5% KON-11 • 18% - Angola Operated interest Non-Operated interest Non-Operated interest High-impact pre and post Brownfield reactivation Brownfield reactivation salt
Slide 5: Delivering Tangible Value at Key Capital and Operational Milestones
Return to contents page CORCEL PLC Delivering Tangible Value at Key Capital and Operational Milestones Corcel Operational Milestones - Last 12 Months Corcel secures further institutional Acceleration of Warrants from Feb investors and advances final steps 2025 fundraising - generating toward seismic
Slide 6: Mobilisation of Seismic Equipment and Operations to KON-16
Return to contents page CORCEL PLC Mobilisation of Seismic Equipment and Operations to KON-16 1 December 2025 26 November 2025 UPSTREAM OIL AND GAS AND BATTERY METALS 6
Slide 7: Delivering Tangible Value at Key Capital and Operational Milestones
Return to contents page CORCEL PLC | AIM:CRCL Delivering Tangible Value at Key Capital and Operational Milestones Stock Insights – Key Stats Strengthened Shareholder Base: Welcomed new institutional investors, Market Cap (£m) 27.6 reinforcing support for Corcel’s growth trajectory and validating our
Slide 8: Leading Onshore Kwanza Pre-Salt Exploration
Return to contents page LEADING ONSHORE KWANZA PRE-SALT EXPLORATION
Slide 9: Accelerating Exploration: 2025-2027 Work Program & Growth Initiatives
Return to contents page CORCEL PLC | AIM:CRCL ACCELERATING EXPLORATION: 2025-2027 WORK PROGRAM & GROWTH INITIATIVES Prospectivity seen in shallow (post-salt) and deep (pre-salt) targets throughout Corcel’s acreage, with the additional potential of reactivating historical oil fields (Tobias and Galin
Slide 10: Corcel Angola Portfolio - Seismic Data Coverage
Return to contents page CORCEL PLC | AIM:CRCL Corcel Angola Portfolio - Seismic Data Coverage 2010 Onshore 2D Seismic Kwanza Basin Acquisition – First time modern technology used to image the Kwanza Basin KON-11 KON-12 Quality is good and images the post- salt (shallow targets) excellently and pre-s
Slide 11: High resolution LiDAR survey over KON-16
Return to contents page CORCEL PLC | AIM:CRCL DTM – Ruggedness and Slope Steepness LiDAR – Highlighting Structures and Faults High resolution LiDAR survey over 100% of KON-16 acquired by Metatek as part of the 2024 eFTG acquisition UPSTREAM OIL AND GAS 11
Slide 12: KON-16 seismic acquisition crew and equipment
Return to contents page CORCEL PLC | AIM:CRCL 6x vibroseis trucks ~250 ground personnel (~96% local content) Experienced contractor – BGP High resolution LiDAR survey over 100% of KON-16 acquired by Metatek as part of the 2024 eFTG acquisition Collaboration between Corcel, Block Partners, ANPG, Mini
Slide 13: Building Sustainable Value: Strategic Expansion and Acquisitions
Return to contents page BUILDING SUSTAINABLE VALUE: STRATEGIC EXPANSION AND ACQUISITIONS
Slide 14: Organic Growth in Existing Kwanza Basin Portfolio
Return to contents page CORCEL PLC | AIM:CRCL 1. ORGANIC GROWTH IN EXISTING KWANZA BASIN PORTFOLIO 2025 2026 2027 Q4 Q1 Q2 Q3 Q4 Q1 Angola TESTING -OF INTEGRATION TO-13 EFTG WITH UPDATED SEISMIC 2D SEISMIC ACQUISITION + PROCESSING POTENTIAL 2027 (KON 11) INTERPRETATION TESTING - TO-14 DRILLING Angol
Slide 15: Strategic Expansion in the Kwanza Basin
Return to contents page CORCEL PLC | AIM:CRCL 2. STRATEGIC EXPANSION IN THE KWANZA BASIN Permanent Offer: Prospectivity seen in shallow (post-salt) and deep (pre-salt) targets throughout Kwanza basin; Opportunity assessment ongoing; Joint Study and Bid Agreement with Sintana Secondary M&A: Leverage
Slide 16: Delivering Tangible Value at Key Capital and Operational Milestones
Return to contents page CORCEL PLC Delivering Tangible Value at Key Capital and Operational Milestones Corcel Operational Milestones - Last 12 Months Corcel secures further institutional Acceleration of Warrants from Feb investors and advances final steps 2025 fundraising - generating toward seismic
Slide 17: Contact
AIM: CRCL Contact: Development@Corcelplc.com