Corcel Plc · LSE:CRCL
Corcel — Investor Presentation (July 2025)
17 slides from Corcel's investor presentation, July 2025
Slide 1: Corcel Investor Presentation
CORCEL INVESTOR PRESENTATION Upstream Oil and Gas AIM: CRCL JULY 2025
Slide 2: Contents
Return to contents page Contents Disclaimer 3 Leading Onshore Kwanza Pre-Salt Exploration 6 Beyond the Kwanza Basin 11 Appendix 13 UPSTREAM OIL AND GAS 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: 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 Corcel secures major institutional investors and advances final steps toward seismic acquisition in KON-16 Award of Environmental Impact Assessme
Slide 5: 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 6: Leading Onshore Kwanza Pre-Salt Exploration
Return to contents page LEADING ONSHORE KWANZA PRE-SALT EXPLORATION
Slide 7: 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 8: 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 9: 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 10: 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 11: Beyond the Kwanza Basin
Return to contents page BEYOND THE KWANZA BASIN
Slide 12: 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 13: Appendix
Return to contents page APPENDIX
Slide 14: Onshore Kwanza Basin Pre-Salt Drilling Followed Trends
Return to contents page CORCEL PLC | AIM:CRCL Onshore Kwanza Basin Pre- Salt Drilling Followed 4 Trends Onshore Kwanza pre-salt is underexplored; Offshore Kwanza is a prolific Hydrocarbon basin Onshore trend (pre-1970s): - 28 pre-salt wells - 1 pre-salt field - Cacuaco (1958) - Last well drilled 198
Slide 15: Summary of License Terms
Return to contents page CORCEL PLC | AIM:CRCL Summary of License Terms LICENCE TERMS KON-11 KON-12 KON-16 Corcel Working Interest 20% 25% 85%* Corcel Net Interest 18% 22.5% 71.5%, (Operator) Partners 30% Sonangol (Operator) 30% Sonangol (Operator) 15% Brite’s Oil and Gas 25% Brite’s Oil and Gas 30%
Slide 16: KON-16: Accelerated Route to Seismic
Return to contents page CORCEL PLC | AIM:CRCL KON-16: Accelerated Route to Seismic Completed Upcoming Initial eFTG processing received in March Seismic Contract Award (subject to environmental licence) – H2 2025 Reprocessed 2D seismic received from TGS in April Seismic Line Preparation (Access, Line
Slide 17: AIM: CRCL
AIM: CRCL Contact: Scott Gilbert CEO [email protected]