Corcel PLC to Focus on Early Cashflow in Brazilian Oil & Gas #crcl

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Corcel is focusing on three core verticals: exploration in Angola, producing assets in Brazil, and battery metals/rare earths to drive energy transition. The company has three exploration blocks in Angola, with ongoing studies and the goal to bring previously drilled wells into production. In Brazil, they are actively pursuing onshore oil and gas acquisitions, aiming to secure cash flow-positive assets with low subsurface risk. Corcel is exploring its legacy rare earth and battery metal assets, with plans to provide updates soon, as these metals are key for supporting the global shift to cleaner energy. By Mark Fairbairn Recorded 10/9/2024