Corcel PLC 188 BOEPD Option to Acquire Interest in the IRAI #oil Field in Brazil #crcl

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➡️The acquisition aligns with Corcel's three-pillar strategy, aiming for near term cashflow and development potential. ➡️ Workover programs scheduled for early 2025 could initiate cash flow by Q1, with 188 BOEPD. ➡️ With stable infrastructure, off-take agreements, and a Brent-linked gas price, the project offers mitigated market and operational risks.