Corcel PLC
("Corcel" or the "Company")
Notice of Annual General Meeting
26 November 2024
Corcel Plc (London AIM: CRCL), the pan Angola-Brazil focused energy company announces that the notice convening the Annual General Meeting of the Company (AGM) has been mailed to shareholders today and is available on the Company's website www.corcelplc.com.
The AGM is to be held on Friday, 20 December 2024 at 10:30 at WeWork, Aviation House, 125 Kingsway London WC2B 6NH.
The Company will not be laying its Annual Report and Accounts at the AGM but will hold a General Meeting in early 2025 to lay the accounts to shareholders. The Annual Report and Accounts will be published to shareholders before the 31 December 2024.
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 marked a new country entry into Brazil by acquiring rights to producing gas and exploration assets, further diversifying its portfolio and enhancing its growth potential.
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.