CORCEL PLC — AGM Information 2025

Jan 27, 2025

National Storage Mechanism | Additional information

RNS Number : 8381U

Corcel PLC

27 January 2025

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.

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