继 2023 年 12 月 28 日宣布之后，Corcel Plc 提供了有关安哥拉陆上 KON-11 区块 Tobias-14（“TO-14”）油井测试的最新信息，该公司拥有安哥拉 20% 的工作权益（18 ％ 网）。运营商是Sonangol，安哥拉最大的碳氢化合物生产商之一。

运营更新：
运营商现已向公司报告，TO-14 井测试已正式开始。最近几周，测试开始出现了延迟，主要原因是所需测试设备的交付时间比预期要长，再加上井场的严重恶劣天气，包括大雨和区域洪水。

完成后，作业者会将测试设备移至已准备好测试的TO-13井场，并对TO-13井进行流量测试。

随着测试正在进行中，公司目前预计将在未来几周内收到 TO-14 的初步流量测试结果，并将适时向市场更新测试计划的结果。

关于 KON-11 和宽扎盆地：
如前所述，KON-11 被视为棕地开发项目，包括历史上生产的 Tobias 油田，该油田由 Petrofina 在 1960 年代和 1970 年代钻探和开发，自 1990 年代末以来一直处于闲置状态。 Tobias 油田由 12 口历史悠久的直井组成，Corcel 和运营商认为，对现有结构的修订解释以及现代钻井和完井技术的应用，包括可能在油田开发计划（“FDP”）中添加侧钻或水平钻井）将导致重新激活的油田获得更高的原始石油地质储量（“OOIP”）数字，从而带来更多可生产的油田资源潜力。

传统的 Tobias 油田储层位于 Binga 石灰岩中，位于构造顶部约 700 m 的深度，原生岩石孔隙度为 4-14%，而广泛的天然裂缝碳酸盐系统增强了该孔隙度。 Tobias 的历史峰值产量为 17,500 桶/天，油田生命周期内产量为 29 MMbbls。

Corcel 估计未生产的预期石油资源量为 65 MMbls，其中 CRCL 净资源量为 11.7 MMbls。该油田将符合安哥拉政府规定的边际油田财政条款，从而获得有利的特许权使用费、税收和折旧制度。

Further to the announcement of 28 December 2023, Corcel Plc provides an update on the testing of the Tobias-14 ("TO-14") well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest hydrocarbon producers in Angola.

Operations Update:
The Operator has now reported to the Company that testing of the TO-14 well has formally begun. Delays in testing start have been encountered over recent weeks primarily due to longer than expected timelines for deliveries of required testing equipment, combined with severe inclement weather at the well location, which included heavy rains and regional flooding.

Once completed, the Operator will then move the test equipment to the TO-13 well pad, which is already being prepared for testing, and will conduct flow testing on the TO-13 well.

With testing underway, the Company now expects to receive initial flow tests results for TO-14 over the next several weeks and will update the markets on the results of the test programme in due course.

About KON-11 and the Kwanza Basin:
As previously announced, KON-11 is considered a brownfield development and includes the historically producing Tobias field, drilled, and developed by Petrofina in the 1960s and 1970s, and inactive since the late 1990s. The Tobias field constituted 12 historic vertical wells, and Corcel and the operator believe that a revised interpretation of the existing structures along with the application of modern drilling and completion technology, including potentially adding sidetracks or horizontal drilling to the Field Development Plan ("FDP") will lead to a higher Original Oil in Place ("OOIP") figure recognized in the reactivated field and subsequently more producible field resource potential.

The traditional Tobias field reservoir is in the Binga limestone, located at a depth of approximately 700m along the crest of the structure, with 4-14% primary rock porosity which is enhanced by an extensive, naturally fractured carbonate system. Historic peak production at Tobias was 17,500 bbls/d with 29 MMbbls produced over the life of the field.

Corcel's estimated unproduced prospective oil resources are 65 MMbls with 11.7 MMbls net to CRCL. The field will qualify for marginal field fiscal terms, as outlined by the Angolan government, resulting in advantageous royalty, tax and depreciation regimes.