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bullish

Corcel

Corcel plc (AIM: CRCL): Material increase in KON-16 and subsequent farm-out to Sintana Energy (SEI.V CN)

250 Views14 May 2025 07:00
Issuer-paid
• Corcel has agreed to acquire a net 27% additional stake in KON-16 (onshore Angola) from Intank for US$0.5 mm in cash. As part of the deal,...
What is covered in the Full Insight:
  • Introduction to Corcel's Stake Increase
  • Details of the Intank Acquisition and Royalty
  • Farm-out Agreement with Sintana Energy
  • Impact on Valuation and Financials
  • Looking Ahead and Upcoming Developments
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