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
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.