Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Yan Zhao is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Chairman Pradeep Kabra was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 공고 • May 14
Corcel plc Announces Chief Financial Officer Changes Corcel PLC announces the appointment of Leandro Schujmann as Chief Financial Officer. Leandro brings over a decade of senior finance experience. He joins Corcel having worked at Prime Oil & Gas (now Meren Energy), where he ultimately served as CFO, managing a USD 3 billion investment portfolio and leading financing processes exceeding USD 4 billion. His experience across Latin America and Africa, including complex cross-border financing structures, aligns with the Company's operational footprint and growth plans. Scott Kaintz stepped down as Chief Financial Officer on March 31, 2026 to pursue opportunities outside the Company. 공고 • Dec 22
Corcel Plc, Annual General Meeting, Jan 28, 2026 Corcel Plc, Annual General Meeting, Jan 28, 2026. Location: the wigmore room, 33 cavendish square, w1g 0pw, london United Kingdom 공고 • Dec 09
Corcel Plc has completed a Follow-on Equity Offering in the amount of £3 million. Corcel Plc has completed a Follow-on Equity Offering in the amount of £3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 857,142,858
Price\Range: £0.0035
Transaction Features: Subsequent Direct Listing 공고 • Jul 15
Corcel Plc has completed a Follow-on Equity Offering in the amount of £1.1 million. Corcel Plc has completed a Follow-on Equity Offering in the amount of £1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 292,647,056
Price\Range: £0.0034
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,882,351
Price\Range: £0.0034
Transaction Features: Subsequent Direct Listing 공고 • Feb 24
Corcel plc Announces Successful Results of the EI-1 Well Workover, Brazil Corcel Plc announced the successful completion and initial results of the EI-1 well workover as reported by the operator, Petroborn Oleo e Gas S.A. ("Petroborn"), in the IRAI field, where the Company holds an Option to acquire an initial 20% interest, as previously announced on 18th November 2024. EI-1 well work over in the IRAI field, Brazil, confirms sustained gas production at 20,000m3/day (120 BOEPD /706 Mscf), aligning with historical production rates. The well is set to be brought online within the next 7 days, reinforcing Corcel's strategy of acquiring cash-generating assets. The EI-1 well was re-entered for testing at the gas zone, where a gas production rate of 20,000m3/day (120 BOEPD /706 Mscf) was observed during testing operations. As announced on 18th November 2024, the workover of the EI-1 Well, located onshore Brazil in the state of Bahia, is part of a two-well workover program where the Company, through its wholly-owned subsidiary CRCL Brazil Ltd., holds an option to acquire i) a 20% interest in the IRAI gas field, ii) a Right-of-First Refusal ("ROFR") over the remaining 80%, andiii) another ROFR for 100% of the adjacent TUC-T-172 exploration block ("IRAI Opportunity"), also located in the state of Bahia. The EI-1 Well was drilled in 1963 to a total depth of 576m and was temporarily abandoned by the operator at the time. EI-1 was then re-entered in 2019 and a gas bearing sandstone at 417m was tested and brought online for 22 months between 2020 and 2022. After producing a total of 19.8MMm3 of gas (120,000 barrels of oil equivalent) the well was shut-in for operational and commercial reasons. The EI-1well has now been re-entered again where the gas zone at 417m was tested and completed for production. During the testing operations (2 separate tests of 7 hours and 6.5 hours) a gas production rate of 20.000m3/day (120 BOEPD /706Mscf - at a stabilised rate) was reported by the operator. This rate compares to the historical production performance of the well where EI-1 produced an average of 20,000 m3/day in the last 3 months of production (March-May 2022) before it was shut-in. The operator is now working on the above ground gas production facilities and to connect the EI-1 well to the existing gas production infrastructure at IRAI. It is expected that the well will be brought online within the next7 days, immediately generating revenue to Petroborn, and subsequently to Corcel should it exercise the Option. The IRAI gas field is located in the Tucano Sul Basin, about 110km NW of Salvador, Brazil. IRAI is particularly attractive due to the shallow nature of the gas reservoirs, with producing gas zones ranging in depth from 220-825m across the field area. This, combined with the relatively high gas production rates seen in the field, with the EI-3 well peaking at >40,000m3/day ("250 BOEPD) of gas, provides the Company with a unique opportunity to materially increase production and revenue generation at low rates of expenditure. Gas reservoirs at IRAI are of good quality, and also in the field area. The company has positioned itself to expand its presence in a proven gas-producing region with low-cost, high-margin assets. 
