Corcel is a ~£6 mm market cap AIM-listed E&P company focused on Portuguese-speaking Angola and Brazil. It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021. Corcel is also building a portfolio of mature onshore producing assets in Brazil. The key asset in Angola is the KON-16 licence, which Corcel operates. The last drilling in this area was in the 1960s. Multiple large shallow and deep prospects have been mapped, and offsho ....

13 Jan 2025
Corcel plc (AIM: CRCL): Initiating Coverage

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Corcel plc (AIM: CRCL): Initiating Coverage
Corcel PLC (CRCL:LON) | 0.4 0 3.9% | Mkt Cap: 22.0m
- Published:
13 Jan 2025 -
Author:
Stephane Foucaud -
Pages:
30 -
Corcel is a ~£6 mm market cap AIM-listed E&P company focused on Portuguese-speaking Angola and Brazil. It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021. Corcel is also building a portfolio of mature onshore producing assets in Brazil. The key asset in Angola is the KON-16 licence, which Corcel operates. The last drilling in this area was in the 1960s. Multiple large shallow and deep prospects have been mapped, and offsho ....