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
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 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.