- CEO
- Scott Robert Gilbert
- Full Time Employees
- 8
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 111 Park Street London GL United Kingdom W1K 7JF
- IPO Date
- Feb 22, 2005
- Business
- Corcel Plc is an upstream oil and gas development company with residual interests in battery metals, operating mainly in Angola and Brazil. The company’s core activities include exploration, appraisal, and production of oil and gas assets, alongside maintaining several legacy battery metals projects that provide exposure to key electrification commodities such as nickel, lithium, and rare earth elements. Its battery metals portfolio includes assets like the Canegrass Lithium Project in Western Australia and the Mt. Weld Rare Earth Element project. Corcel also holds interests in upstream blocks in onshore Angola, including the KON-16 block, and other assets in Australia, the United Kingdom, and Papua New Guinea. Founded in 2004 and headquartered in London, United Kingdom, Corcel is publicly listed on the Alternative Investment Market (AIM) of the London Stock Exchange under the ticker CRCL.
Recently, Corcel has consolidated its position in the KON-16 block by acquiring a 30% gross interest in the operated block and has formed a strategic partnership with Sintana Energy. This partnership involves Sintana acquiring a 5% indirect net interest in KON-16 through a newly formed Special Purpose Vehicle, with Sintana also securing a net profits interest on Corcel’s holdings in the block. Corcel raised approximately GBP 1.1 million in mid-2025 via a placing led by institutional investors to fund a seismic program in KON-16, signaling a focus on growth through onshore Angola operations. The company has also appointed new executive leadership, including a Chief Operating Officer and an independent non-executive chair, reflecting ongoing organizational strengthening aimed at supporting expansion initiatives in its core oil and gas exploration and production activities.
Corcel’s strategic emphasis remains on developing its oil and gas exploration and production portfolio complemented by selective battery metals interests, targeting markets in West Africa, Latin America, the Asia-Pacific region, and selected legacy assets in established mining jurisdictions. It leverages a management team with extensive industry expertise to advance asset development and maximize shareholder value. The company’s progression in Angola, including environmental permits and seismic exploration activities, underlines its operational focus and growth ambitions in proven yet underexplored basins. Corcel’s diversified asset base and recent capital raising activities support its positioning as a specialist upstream player with exposure to high-impact energy and electrification asset classes.