Corcel plc
("Corcel"
or the "Company")
NOTICE OF
GENERAL MEETING
27 January
2025
Corcel Plc (London AIM: CRCL), the
pan Angola-Brazil focused energy company, announces that the notice
convening a General Meeting of the Company (GM) has been mailed to
shareholders today and is available on the Company's website
www.corcelplc.com.
The GM is to be held on Thursday, 20
February 2025 at 1:00p.m. at WeWork, 3 Waterhouse Square, London
EC1N 2SW.
The purpose of the GM is to lay the
Annual Report and Accounts for the year ended 30 June 2024 to
shareholders together with associated resolutions.
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.
