AIM WINNERS & LOSERS: Zanaga powers up in the Republic of Congo
28th Dec 2023 10:25
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
Corcel PLC - London-based mining and mineral resource development company with interests in flexible energy storage and production - Updates on the drilling results for the Tobias-14, or TO-14 well in the onshore block KON-11 in Angola, where it has a 20% working interest. Says the well encountered a full Binga reservoir section with identical zones as seen in the previous TO-13 well, with oil showing through. Corcel and operator Sonangol believe the results "confirm the ability to reactivate production through an early production system and imply significant hydrocarbon potential remaining". Corcel Executive Chair Antoine Karam comments: "The encouraging results of the TO-14 well constitute a significant milestone toward development of an EPS and providing line of sight to near-term revenue generation for Corcel." Adds that well clean-up and flow testing has now begun on Tobias-14. Read More
(Alliance News) - Stocks in London are expected to rise further on a quiet Thursday between holidays, as hopes for US interest rate cuts next year stay strong. 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
(Alliance News) - Corcel PLC on Wednesday said that it has started initial exploration efforts at its fully-owned Canegrass lithium project in Western Australia. 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 stocks are the leading risers and fallers on AIM in London on Friday. Read More
Corcel PLC - London-based mining and mineral resource development company with interests in flexible energy storage and production - Notes "highly encouraging" drilling results from Tobias-13 (TO-13) well in onshore Block KON-11 in Angola. Says the well has penetrated the entire Binga reservoir section, concluding a depth of 958.5 metres. Says oil shows found throughout the Binga reservoir confirm the ability to reactivate production in the field. As a result, proceeds to drill a second well, Tobias-14. Says a rig move is underway. Corcel holds a 20% working interest in TO-13. Read More
(Alliance News) - Stock prices in London opened on the up on Friday, looking set to round off a positive week on the up, though a red-hot US jobs report could keep a lid on gains. Read More
(Alliance News) - Corcel PLC on Monday said that it has received a revised offer from Integrated Battery Metals to buy its interest in the Mambare nickel cobalt project. 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
(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
(Alliance News) - Corcel PLC on Friday said exploration work has commenced at its 20% owned Block KON-11 in Angola. Read More
Corcel PLC - London-based mining and mineral resource development company with interests in Angola and Brazil - Chief Executive Officer James Parsons has decided to step down as part of the company's previously announced transition. Parsons will continue to assist Corcel in an advisory capacity during his notice period. Non-Executive Chair Antoine Karam has been named interim executive chair while Corcel reviews its board composition. Read More
Corcel PLC - battery metals mining and oil and gas in Brazil and Angola - Makes required USD821,000 payment of risk service contract signature bonuses to Agencia Nacional de Petroleo, Gas e Biocombustiveis in Angola for Corcel's three oil block licenses there. The contracts relate to Corcel's acquisition last month of a 90% interest in Atlas Petroleum Exploration Worldwide Ltd. The Atlas Petroleum portfolio has three main licenses - KON-11, KON-12 and KON-16 - containing 21 historical wells in total. 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
Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Names Chair James Parsons to chief executive officer and executive director, effective immediately. He will be replacing CEO Scott Kaintz, who will assume role as chief financial officer, but will step down from board with immediate effect. Meanwhile, non-executive director Antoine Karam will take on role of non-executive chair. Karam is 45% shareholder in Extraction Srl, which holds 13% stake in Corcel. Extraction stake to rise to just under 21% once Corcel placing is completed. Read More