Corcel (GB:CRCL) has released an update.
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Corcel PLC has announced a strategic move into Brazilian gas production with an option agreement to acquire a 20% interest in the IRAI gas field, along with rights for further acquisitions. This initiative aims to diversify investor risk and generate cash flow while leveraging low-cost opportunities in Brazil’s onshore energy sector. The company plans to enhance production and explore additional prospects in the region, positioning itself to capitalize on emerging opportunities in the Brazilian market.
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