Corcel Plc · LSE:CRCL
Corcel — Investor Presentation (October 2025)
24 slides from Corcel's investor presentation, October 2025
Slide 1: Corcel Investor Presentation
CORCEL INVESTOR PRESENTATION Upstream Oil and Gas and Battery Metals AIM: CRCL OCTOBER 2025
Slide 2: Contents
Return to contents page CONTENTS Disclaimer 3 Company Portfolio 4 Highlights | Corcel Snapshot 5 Why Angola 6 Why Brazil 7 Oil & Gas Portfolio Overview 8 Oil & Gas 11 Battery Metals 18 Corporate 20 UPSTREAM OIL AND GAS AND BATTERY METALS 2
Slide 3: Disclaimer
Return to contents page CORCEL PLC | AIM:CRCL DISCLAIMER These presentation slides (the “Slides”) do not constitute an offer to The Slides are not for distribution in, nor do they constitute an offer the public or an offer for sale or solicitation to purchase or subscribe of securities for sale in,
Slide 4: Company Portfolio
Return to contents page CORCEL PLC | AIM:CRCL COMPANY PORTFOLIO CORCEL PLC, holds a diversified portfolio of energy assets across the Southern Hemisphere. With exposure to high impact pre-salt exploration drilling in Angola and low risk gas production in Brazil. This combination presents a unique op
Slide 5: Highlights | Corcel Snapshot
Return to contents page CORCEL PLC | AIM:CRCL HIGHLIGHTS | CORCEL SNAPSHOT Corcel has a portfolio of high impact assets, traversing the energy transition value chain 1 3 >3,000 km2 Management with (750,000 acres) of high extensive experience, impact exploration acreage onshore Angola 2 operating in
Slide 6: Why Angola
Return to contents page CORCEL PLC | AIM:CRCL WHY ANGOLA Angola offers high-impact low-cost onshore exploration opportunities Material, company maker Government and local hydrocarbon potential, support for onshore oil and not available in other onshore gas expansion - including jurisdictions margina
Slide 7: Why Brazil
Return to contents page CORCEL PLC | AIM:CRCL WHY BRAZIL Brazil offers multiple opportunities to acquire onshore production Low risk production and Government and local development drilling support for onshore oil and gas expansion World class economics Excellent access to oil/ Signficant opportunit
Slide 8: Oil & Gas Portfolio Overview
Return to contents page CORCEL PLC | AIM:CRCL OIL & GAS PORTFOLIO OVERVIEW Exploration Onshore Kwanza Basin KON-16 • 71.5% KON-12 • 22.5% KON-11 • 18% - Angola Operated interest Non-Operated interest Non-Operated interest High-impact pre and post Brownfield reactivation Brownfield reactivation salt
Slide 9: Delivering Tangible Value at Key Capital and Operational Milestones
Return to contents page CORCEL PLC Delivering Tangible Value at Key Capital and Operational Milestones Corcel PLC Share Price Performance - Last 12 Months Acceleration of Warrants from Feb Corcel secures further institutional 2025 fundraising - generating investors and advances final steps proceed o
Slide 10: Delivering Tangible Value at Key Capital and Operational Milestones
Return to contents page CORCEL PLC | AIM:CRCL Delivering Tangible Value at Key Capital and Operational Milestones Consolidated, monetised, and funded the business forward through major increase in KON-16 equity interest Stock Insights – Key Stats at a modest cost and through strategic divestment to
Slide 11: Oil & Gas
Return to contents page OIL & GAS
Slide 12: Angola Onshore Oil and Gas
Return to contents page CORCEL PLC | AIM:CRCL ANGOLA ONSHORE Corcel Blocks OIL AND GAS Kwanza Basin T Large Onshore Basin (25,000 km2) split into 23 Blocks of approx. 1,000 km2 each Corcel has licensed >3,000 km2 (750,000 acres) in this prolific oil prone basin across 3 blocks (KON-16/12/11) First D
Slide 13: KON-16: Delivering 1st Pre-Salt Well Onshore Kwanza Basin in Over 40 Years
Return to contents page CORCEL PLC | AIM:CRCL KON-16: Delivering 1st Pre- Salt Well Onshore Kwanza Basin in Over 40 Years Operated (working interest 85%, net interest 71.5%) Spud date, H2 2026; >3,500 well depth, targeting pre-salt (Cuvo Fm) Proximal to Tuenza-01 well (drilled 1960, Operator - Petra
Slide 14: Onshore Kwanza Pre-Salt Potential Underscored by Good Sag Basin and Syn-Rift Basin Sediment
Return to contents page CORCEL PLC | AIM:CRCL Onshore Kwanza Pre-Salt Potential Underscored by Good Sag Basin and Syn-Rift Basin Sediment 2D seismic acquisition in 2010 the first-time modern technology was used onshore Kwanza Post-Salt World-class thick pre-salt section, sag and syn-rift basin Young
Slide 15: Robust Portfolio with High-Impact Post-Salt and Pre-Salt Exploration Upside
Return to contents page CORCEL PLC | AIM:CRCL Robust Portfolio with High- Impact Post-Salt and Pre-Salt Exploration Upside Number of Estimated ASSET Opportunity Leads and Recoverable Volumes Prospects per Prospect (MMBO) KON-16* Pre-Salt 5 20 - 300 Post-Salt 3 20 - 40 KON-12* Pre-Salt 4 50 - 150 Pos
Slide 16: Legacy Fields - New Value: Tobias and Galinda Redevelopment
Return to contents page CORCEL PLC | AIM:CRCL Legacy Fields - New Value: Tobias Field Galinda Field Tobias and Galinda Redevelopment 11 7 OWC = 1970 m ss Shallow fractured carbonate reservoir with potentially up 10 2 8 to an additional 12 million barrels of oil recoverable across 2 3 8 historical fi
Slide 17: Targeting Robust Growth Through Acquisition of Producing Asset
Return to contents page CORCEL PLC | AIM:CRCL Targeting Robust Growth Through Acquisition of Producing Asset Angola and Brazil 5-year Production Outlook Strategic M&A Pipeline: Actively screening producing assets Million Barrels Per Day (mbpd) Disciplined Capital Deployment: Targeting value-accretiv
Slide 18: Battery Metals
Return to contents page BATTERY METALS
Slide 19: Mt Weld, Australia
Return to contents page CORCEL PLC | AIM:CRCL MT WELD, AUSTRALIA Rare Earth Elements (REE) Project Laverton, Western Australia 80% Interest 2023 - 2024 Corcel exploration drilling campaign completed - identified ionic adsorption clay deposits with elevated REE’s at shallow depths Under Consideration
Slide 20: Corporate
Return to contents page CORPORATE
Slide 21: Newsflow Timelines
Return to contents page CORCEL PLC | AIM:CRCL NEWSFLOW TIMELINES 2025 2026 Q4 Q1 Q2 Q3 Q4 Angola TESTING -OF INTEGRATION TO-13 EFTG WITH UPDATED SEISMIC 2D SEISMIC ACQUISITION + PROCESSING (KON 11) INTERPRETATION TESTING - TO-14 Angola INTEGRATION OF EFTG WITH UPDATED SEISMIC 2D SEISMIC ACQUISITION
Slide 22: The Team
Return to contents page CORCEL PLC | AIM:CRCL THE TEAM Experienced team in focus jurisdictions Executive Directors Executives Scott Gilbert Geraldine Geraldo Richard Lane Scott Kaintz Chief Executive Officer Chief Commercial and Strategy Officer Chief Operating Officer Chief Financial Officer c Co-f
Slide 23: The Board
Return to contents page CORCEL PLC | AIM:CRCL THE BOARD Executive Directors Non-Executive Directors Yan Zhao Scott Gilbert Pradeep Kabra Andrew Fairclough Non-Executive Director Chief Executive Officer Independent Non-Executive Chairman Independent Non-Executive Director c Ex Shell EP looking after
Slide 24: AIM: CRCL Contact
AIM: CRCL Contact: Scott Gilbert Executive Director [email protected]