REACH
Corcel PLC
("Corcel"
or the "Company")
Investor Presentation
Update
16 December
2024
Corcel Plc
(London AIM: CRCL), the pan-Angola-Brazil
focused energy company, is pleased to announce that it has
published an updated investor presentation now available for
download on its website.
The presentation can be accessed via the link
below.
Link: https://tinyurl.com/3n8maznh
The company is also pleased to share its plans
to host investor events in January 2025. Further details will be
shared in due course. We look forward to engaging with our
investors and stakeholders during these events.
Scott Gilbert,
Corcel's Chief Executive Officer, commented:
"We are excited to present
our updated investor presentation, reflecting the progress Corcel
has made in 2024. This year, we focused on strategically optimising
our portfolio to align with our long-term objectives and enhance
overall asset quality. The diversification of our portfolio,
including the addition of assets in Brazil and the implementation
of the operational plan for exploration in Angola, demonstrates our
commitment to creating sustainable value for our shareholders
through long-term growth and operational efficiency. We look
forward to the upcoming investor events in January 2025, which will
provide an excellent opportunity to engage directly with our
investors and share detailed insights into the quality of our
portfolio and our operational plans."
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.
Corcel's
Battery Metals portfolio consists of an 80% working interest in the
Mt Weld Rare Earth Elements project in Western
Australia.
