• Corcel has agreed to acquire a net 27% additional stake in KON-16 (onshore Angola) from Intank for US$0.5 mm in cash. As part of the deal, Intank will receive a 5% overriding royalty on the first development area. • Corcel has subsequently agreed terms to divest a 5% net interest in KON-16 to Sintana Energy for US$2.5 mm in cash. In addition, Sintana will receive a 2.5% net profit interest on Corcel’s share of KON-16 until reaching US$50 mm, after which the net profit interest reduces to 1.5%. ....