Todays Presentation3 Dec 2025 18:35
Just seen on the Corcel Telegram chat group
Corcel PLC delivered a detailed investor update highlighting strong operational progress, a clear multi-year growth strategy, and accelerating activity across its Angola-focused oil and gas portfolio. Management reported major milestones over the past 12 months, including increasing its equity stake in the flagship CON16 block to 85%, securing new institutional investors, and fully funding the launch of its extensive 2D seismic acquisition programme. This seismic campaign—now active with more than 200 personnel and advanced vibroseis units on site—will significantly improve subsurface imaging by reducing line spacing from 15 km to 2.5 km and is expected to identify multiple drill-ready prospects ahead of Corcel’s planned high-impact pre-salt and post-salt exploration well targeted for late 2026 to early 2027. The company’s portfolio spans over 3,000 sq km in the proven onshore Kwanza Basin across CON16, CON11, and CON12, with substantial upside from ongoing equity optimisation, potential farm-downs, and close collaboration with operators. Corcel also outlined a strong expansion pipeline supported by its strategic partnership with Centtana and Angola’s new permanent offer model, positioning the company to secure additional acreage and pursue value-accretive transactions. Beyond organic growth, Corcel is actively assessing production-ready opportunities across the Angola–South America conjugate margin, targeting its first cash-flowing asset as early as 2026. With strengthened liquidity, consistent delivery against operational milestones, and a clear growth and exploration roadmap, Corcel PLC is well positioned for accelerated development, enhanced asset value, and long-term shareholder returns.
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