(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
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line with expectations. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Notes the conclusion of initial well test efforts at TO-14 well in the Kwanza Basin, onshore Angola, where the company has a 20% working interest. Says local operator Sonangol EP decides to move to testing to TO-13 well. The equipment move is expected to take approximately seven days after which formal testing will begin, it says. Chair Antoine Karam says: "With TO-13 testing shortly to commence, we will soon have an additional data set to aid in our efforts to both produce commercial oil in the short term and to reactivate and build out the Tobias field over the longer term." Corcel also reports that it has raised GBP1.3 million through through a fundraising via the issue of 260 million new ordinary shares at 0.005 pence each. This includes a GBP500,000 investment from shareholder, Extraction SRL. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Provides an update on the testing of the TO-14 well in the onshore Block KON-11, in Angola, where it has a 20% working interest. Says testing of the TO-14 well continues following significant weather and equipment related delays earlier in the year. Explains reactivation of the fractured carbonate reservoir has been challenging, however there is continued focus on engineering solutions to flow test the well from the most prospective zones identified during the drilling phase. Notes continued engineering work is being conducted to identify solutions to flow both TO-14 and the yet untested TO-13 well. Additional activities are being progressed across the Corcel acreage in KON-11, KON-12, and KON-16. An electromagnetic full-tensor gravity survey is scheduled to begin by early May. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Corcel PLC - London-based mining and resource development company - Says that testing has begun at its 20%-owned Tobias-14 well in the onshore Kon-11 block in northern Angola. Testing is being conducted by Sonangol Ltd, the Luanda-based parastatal oil and gas producer. Testing follows multiple delays at Tobias-14, after equipment delays and severe weather conditions necessitated an extension to the original timeline. Once testing has been completed, Sonangol will move test equipment to the Tobias-13 well pad, and conduct flow-testing. Corcel expects to receive results from Tobias-14 over the next several weeks. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Stock prices in London closed mixed on Thursday, the final full trading day of a mixed year, though the FTSE 100 is still on track to deliver a gain of more than 3% for 2023. Read More
(Alliance News) - Thursday morning's optimism was wearing thin by midday in London, as the Santa Rally fuelled by hopes of US rate cuts next year somewhat ran out of steam. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More