Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

Equity Bottom-Up

<ul>
<li>The Africa-Latin America focused energy Company announced a series of significant corporate and operational milestones at its operated Block KON-16 in the onshore Kwanza Basin, Angola.</li>
<li>Corcel has received final Angolan Government approval for the acquisition by its subsidiary Atlas Petroleum Exploration Worldwide Limited of an additional 30% participating interest in KON-16 from Intank Global DMCC.</li>
<li>Corcel has also executed a definitive share purchase agreement with Sintana Energy Inc. for Sintana to acquire an indirect 5% participating interest in KON-16 for an aggregate consideration of US$2.5m. </li>
</ul>


The Africa-Latin America focused energy Company announced a series of significant corporate and operational milestones at its operated Block KON-16 in the onshore Kwanza Basin, Angola.
Corcel has received final Angolan Government approval for the acquisition by its subsidiary Atlas Petroleum Exploration Worldwide Limited of an additional 30% participating interest in KON-16 from Intank Global DMCC.
Corcel has also executed a definitive share purchase agreement with Sintana Energy Inc. for Sintana to acquire an indirect 5% participating interest in KON-16 for an aggregate consideration of US$2.5m. 


Hybridan Small Cap Feast: 10 September 2026

Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

<ul>
<li>Luanda has approved Corcel’s acquisition of an additional 30% interest in KON‑16.</li>
<li>Corcel has also signed a definitive SPA with Sintana to divest a 5% interest for US$2.5 mm, resulting in a 71.5% net interest in the block.</li>
<li>Although both transactions were announced in 2025, regulatory approvals in Angola are lengthy, and completion now allows Corcel to accelerate operational activity.</li>
</ul>


Luanda has approved Corcel’s acquisition of an additional 30% interest in KON‑16.
Corcel has also signed a definitive SPA with Sintana to divest a 5% interest for US$2.5 mm, resulting in a 71.5% net interest in the block.
Although both transactions were announced in 2025, regulatory approvals in Angola are lengthy, and completion now allows Corcel to accelerate operational activity.


Corcel plc (AIM: CRCL): Angola approves increased position in KON-16. Drilling in 2027.

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/corcel-plc">Corcel</a> is a high-risk, high-reward upstream exploration company entirely dependent on the success of its Angolan and Brazilian assets, particularly the KON-16 block in Angola.</li>
  <li>The company is in a pre-revenue stage, generating consistent net losses. Its financial viability hinges on securing farm-in partners to fund capital-intensive exploration and development activities.</li>
  <li>Recent seismic data over KON-16 is a significant de-risking event, suggesting substantial resource potential; however, the timeline to potential production is lengthy, with drilling not expected until mid-2027.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Corcel is a high-risk, high-reward upstream exploration company entirely dependent on the success of its Angolan and Brazilian assets, particularly the KON-16 block in Angola.
  The company is in a pre-revenue stage, generating consistent net losses. Its financial viability hinges on securing farm-in partners to fund capital-intensive exploration and development activities.
  Recent seismic data over KON-16 is a significant de-risking event, suggesting substantial resource potential; however, the timeline to potential production is lengthy, with drilling not expected until mid-2027.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul>
<li>Recently acquired seismic over KON‑16 delivers clear imaging of three key prospects: two at the Sirius complex (a deeper pre‑salt and a shallower post‑salt target) and a separate, fully independent Canopus post sat prospect located ~20 km to the southwest.</li>
<li>The new dataset increases seismic coverage across the block by 227% and significantly enhances prospectivity.</li>
<li>We expect ongoing interpretation to confirm additional prospects, further expanding the resource base.</li>
</ul>


Recently acquired seismic over KON‑16 delivers clear imaging of three key prospects: two at the Sirius complex (a deeper pre‑salt and a shallower post‑salt target) and a separate, fully independent Canopus post sat prospect located ~20 km to the southwest.
The new dataset increases seismic coverage across the block by 227% and significantly enhances prospectivity.
We expect ongoing interpretation to confirm additional prospects, further expanding the resource base.


Corcel plc (AIM: CRCL): New seismic confirms high impact prospects and highlights additional upside. New CFO

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.40 per share: Facility sharing contract signed – Criterium has signed a facility sharing agreement with Jindi, granting access to the 30 mmcf/d TRGP and 60 km pipeline to the Sekernan gas sales point.</li><li>This represents the last commercial hurdle to reach first gas.</li><li> Corcel (CRCL LN)C; Target price of 1.40p per share: Angola approves increased position in KON-16.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.40 per share: Facility sharing contract signed – Criterium has signed a facility sharing agreement with Jindi, granting access to the 30 mmcf/d TRGP and 60 km pipeline to the Sekernan gas sales point.This represents the last commercial hurdle to reach first gas. Corcel (CRCL LN)C; Target price of 1.40p per share: Angola approves increased position in KON-16.

United Kingdom

Corcel PLC is an upstream oil and gas development company with a diversified portfolio of projects in Africa and Latin America, primarily focusing on Angola and Brazil. The company also holds residual interests in battery metals assets, including rare earth elements in Western Australia. Headquartered in London, England, Corcel was founded in 2004.

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Corcel (CRCL LN)

Hybridan Small Cap Feast: 10 September 2026

The Africa-Latin America focused energy Company announced a series of significant corporate and operational milestones at its operated Block KON-16...

Hybridan

Corcel plc (AIM: CRCL): Angola approves increased position in KON-16. Drilling in 2027.

Corcel has also signed a definitive SPA with Sintana to divest a 5% interest for US$2.5 mm, resulting in a 71.5% net interest in the block.

Auctus Advisors

Primer: Corcel (CRCL LN) - Aug 2026

Corcel is a high-risk, high-reward upstream exploration company entirely dependent on the success of its Angolan and Brazilian assets,...

αSK Primers

Corcel plc (AIM: CRCL): New seismic confirms high impact prospects and highlights additional upside. New CFO

Recently acquired seismic over KON‑16 delivers clear imaging of three key prospects: two at the Sirius complex (a deeper pre‑salt and a shallower...

Auctus Advisors

AUCTUS ON FRIDAY - 11.09.2026

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.40 per share: Facility sharing...

Auctus Advisors

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hybridan Small Cap Feast: 10 September 2026

The Africa-Latin America focused energy Company announced a series of significant corporate and operational milestones at its operated Block KON-16...

Hybridan

Corcel plc (AIM: CRCL): Angola approves increased position in KON-16. Drilling in 2027.

Corcel has also signed a definitive SPA with Sintana to divest a 5% interest for US$2.5 mm, resulting in a 71.5% net interest in the block.

Auctus Advisors

Primer: Corcel (CRCL LN) - Aug 2026

Corcel is a high-risk, high-reward upstream exploration company entirely dependent on the success of its Angolan and Brazilian assets,...

αSK Primers

Corcel plc (AIM: CRCL): New seismic confirms high impact prospects and highlights additional upside. New CFO

Recently acquired seismic over KON‑16 delivers clear imaging of three key prospects: two at the Sirius complex (a deeper pre‑salt and a shallower...

Auctus Advisors

AUCTUS ON FRIDAY - 11.09.2026

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.40 per share: Facility sharing...

Auctus Advisors

Corcel has also signed a definitive SPA with Sintana to divest a 5% interest for US$2.5 mm, resulting in a 71.5% net interest in the block.