Core Insights - Corcel has received final ministerial approval for seismic acquisition and exploration drilling in the KON-16 block in Angola, marking a significant milestone for the company [1][3] - The company has contracted B.G.P. Geophysical and China National Petroleum for seismic acquisition services, planning to acquire 326 line-kilometers of 2D seismic data [2][4] - The new seismic data is expected to increase coverage in KON-16 by 227%, enhancing subsurface imaging and prospect definition [4][5] Company Activities - Corcel's subsidiary, Atlas Petroleum Exploration Worldwide, is leading the seismic acquisition operations, which are set to commence shortly [2][4] - The processing of the seismic data is scheduled for the first quarter of 2026, with initial results anticipated in the second or third quarter of the same year [3] - The seismic campaign aims to advance the KON-16 asset to drill-ready status, integrating various historical and recent data for improved analysis [5] Industry Context - The KON-16 block is located in the onshore Kwanza basin, which has a history of seismic data acquisition, with 2,589 line-kilometers of 2D data already collected in 2010 and reprocessed in 2025 [5] - Angola is planning to initiate a multi-year licensing round for oil and gas acreage starting in 2026, indicating ongoing opportunities in the region [6]