Some big figures here
https://uk.advfn.com/stock-market/london/mosman-oil-and-gas-MSMN/share-news/Mosman-Oil-and-Gas-Limited-Helium-and-Hydrogen-Exploration-update-at-EP-145/93409252
("Corcel" or the "Company")
Interests of Extraction Srl and Extractions Premium & Mining Ltd
23 February 2024
As previously disclosed, Antoine Karam, the Executive Chairman of the Company, has an indirect interest in 333,637,217 ordinary shares in the capital of the Company ("Ordinary Shares"), 211,102,900 warrants over Ordinary Shares ("Warrants") and the outstanding principal amount of £750,000 of convertible loan notes issued by the Company on 18 September 2023 (the "Loan Notes") which together are held by Extraction Srl and Extractions Premium & Mining Ltd ("EPM").
Mr Karam has a 45% interest in Extraction Srl, an Italian company, which in turn holds 100% of the issued shares of EPM, an English company. Mr Karam and Giovanni Colangelo are the directors of EPM, and Mr Colangelo is the sole director of Extraction Srl. Extraction Srl and EPM are investment companies that were formed in 2023 with a mandate to make investments across the natural resources sector.
The Company has been formally notified that, in view of Mr Karam's position on the Board of Directors of Corcel, Mr Karam and Mr Colangelo as directors of EPM have resolved that Mr Karam will recuse himself from any consideration or decision by EPM in relation to any dealings in Ordinary Shares in Corcel or the exercise of any of the Warrants or Loan Notes, with the consideration of any such dealings or exercise, and any decisions in relation to such dealings or exercise, being made solely by Mr Colangelo without discussion or consultation with Mr Karam.
The Company understands that, as Mr Karam is not on the board of Extraction Srl, any decisions by that company in relation to its investments can be made solely by Mr Colangelo.
For further information, please contact:
Antoine Karam Corcel Plc Executive Chairman
Development@Corcelplc.com
James Joyce / James Bavister /Andrew de Andrade WH Ireland Ltd NOMAD & Broker
Https://www.youtube.com/live/XI_22QayyxM?si=KeGavTc1dQ8cv3vZ
Corcel PLC
("Corcel" or the "Company")
Angola Update - KON-11
12 February 2024
Further to the announcement of 28 December 2023, Corcel Plc (London AIM: CRCL) provides an update on the testing of the Tobias-14 ("TO-14") well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest hydrocarbon producers in Angola.
Operations Update:
The Operator has now reported to the Company that testing of the TO-14 well has formally begun. Delays in testing start have been encountered over recent weeks primarily due to longer than expected timelines for deliveries of required testing equipment, combined with severe inclement weather at the well location, which included heavy rains and regional flooding.
Once completed, the Operator will then move the test equipment to the TO-13 well pad, which is already being prepared for testing, and will conduct flow testing on the TO-13 well.
With testing underway, the Company now expects to receive initial flow tests results for TO-14 over the next several weeks and will update the markets on the results of the test programme in due course.
Looks as if they were confident in 2022 and look to be producing in 2025!
https://www.thecitizen.co.tz/tanzania/news/national/tanzania-to-start-helium-production-in-2025-3772132