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Corcel outlines Angola onshore Kwanza Basin portfolio, targets first drilling in H1 2027 investor deck

PUBT·09/01/2026 11:06:25
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Corcel outlines Angola onshore Kwanza Basin portfolio, targets first drilling in H1 2027 investor deck
  • Corcel investor presentation outlined onshore Angola Kwanza Basin strategy, centered on operated KON-16 exploration.
  • KON-16 position set at 85% working interest, 71.5% net interest; partner Brite’s Oil & Gas holds 15%.
  • 326 line-km 2D seismic acquisition on KON-16 completed; processing underway with results expected through 2026 to rank drill targets.
  • High-impact drilling targeted for H1 2027; proposed farm-down aims to secure a carry for a US$45 million-US$55 million gross well.
  • Funding cited at GBP 11 million raised in 2025, GBP 3.6 million in 2026; 5% KON-16 divestment to Sintana generated USD 2.5 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corcel plc published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.