RNS Number : 9176X
Corcel PLC
20 February 2025
 

 

Corcel plc

("Corcel" or the "Company")

 

Results of General Meeting

 

20 February 2025

 

Corcel Plc, the pan Angola-Brazil focused energy company, announces that the resolutions put to shareholders at its General Meeting ("GM") held earlier today, were duly passed. 

 

General Meeting Results:

The resolutions put to the GM were voted on by way of a poll and the results are as follows:

Resolutions

For

%

Against

%

Withheld

1

753,853,067

99.95

371,113

0.05

424,523

2

753,395,859

99.88

888,897

0.12

363,947

3

752,150,489

99.72

2,139,146

0.28

359,068

 

 

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

 

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 licenses:

·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:

·20% interest in the IRAI gas field

·Right-of-first refusal ("ROFR") over the remaining 80% in the IRAI field

·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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