(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Corcel PLC - oil exploration and production in Angola and Brazil - Raises GBP1.1 million via placing at 0.34 pence per share. The placing is led by Toronto-based Purpose Global Resource Fund, who joins as a new institutional shareholder. The round also included follow-on investment from Charlestown Energy Partners, based in New York. Corcel Chief Executive Scott Gilbert, Executive Director and Chief Strategy Officer Geraldine Geraldo, Independent Non-Executive Chair Pradeep Kabra, and Independent Non-Executive Director Andrew also participated in the placing, collectively subscribing for 9.6% of the total amount raised. Proceeds are to be deployed towards the execution of a 2D seismic programme at KON-16, onshore Angola in the third quarter. Read More
Corcel PLC - oil exploration and production in Angola and Brazil - Three directors buy a total of 45.0 million shares, all at 0.3 pence, worth GBP135,000. Chief Executive Officer Scott Gilbert buys 25.0 million shares and now has 75.5 million, a 1.4% stake. Non-Executive Chair Pradeep Kabra and Executive Director Geraldine Geraldo each buy 10.0 million shares and now have 24.1 million and 114.7 million shares, respectively. Read More
Corcel PLC - oil exploration and production firm - conditionally acquires an additional 30% gross interest in its operation Block KON-16 in the Kwanza Basin, onshore Angola, from a joint venture partner. The deal was made via subsidiary Atlas Petroleum Exploration Worldwide Ltd and is subject to government approval. Corcel also announces the signing of a binding heads of terms with Sintana Energy Inc, for the sale of a 5% net interest in Block KON-16 to Sintana at a price of USD2.5 million. The deal also involves a joint study and bid agreement with Sintana, which will target further opportunities in Angola. The two agreements, when completed, will increase Corcel's net interest in Block KON-16 to 71.5% from 49.5%. Read More
(Alliance News) - London stocks were muted at midday on Wednesday, as the UK government is urged by the chair of a parliamentary committee to reassess its reliance on the US for security. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and Tuesday, and not separately reported by Alliance News: Read More
Corcel PLC - Angola and Brazil focused energy company - Pretax loss widens to GBP3.0 million in the year to June 30 from GBP1.3 million a year prior. No revenue reported, unchanged. Bottom line hurt by increase in administrative expenses to GBP2.6 million from GBP1.4 million. Says key priorities include: advancing the exploration program on KON-16; expanding the footprint in Brazil through strategic acquisitions targeting near-term production; strengthening partnerships and working closely with the operator in Angola to maximize the value of KON-11 and KON-12; maximising value potential from Battery Metals and Rare Earth assets. Read More
(Alliance News) - Corcel PLC appointed Richard Lane as Chief Operating Officer on Tuesday, alongside new independent non-executive chair Pradeep Kabra. Read More
(Alliance News) - Corcel PLC on Monday said it has entered into a deal to buy into a gas field in Brazil. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Corcel PLC on Friday said Antoine Karam will step down from the role of non-executive chair and Andrew Fairclough will pick up the role on an interim basis. Read More
(Alliance News) - Corcel PLC on Wednesday said it signed a collaboration agreement to identify acquisition opportunities in Brazil. Read More
Corcel PLC - Angola and Brazil-focused oil exploration and production firm - Raises GBP500,000 through placing of 500.0 million new shares priced at GBP0.001 each. Says it intends to use the funds primarily to continue to build a stable financial foundation well into the second half of the year, financing its ongoing working capital requirements and operations, including geological and geophysical work in Angola and implementation of its business development initiatives in Brazil. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Corcel PLC - Angola and Brazil-focused oil exploration and production firm - Says the KON 11, KON 12, and KON 16 blocks in Angola have received all the relevant approvals to acquire new data through an enhanced full tensor gradiometry survey. Non-Executive Chair Antoine Karam says: "The eFTG Survey over our blocks will enhance our geological understanding and bolster our efforts in the Kwanza basin, where we remain confident there is significant potential. Despite our recent challenges, we remain focused in achieving our goals." Read More