Notice of AGM

Corcel PLC

26 November 2024

 

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

[e-mail]                                                                                  

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.

 

END