Corcel (LSE:CRCL) has appointed Leandro Schujmann as chief financial officer, with Scott Kaintz having stepped down on 31 March to pursue opportunities outside the company.
Leandro brings more than a decade of senior finance experience, joining from Prime Oil & Gas (now Meren Energy) where he served as CFO, managed a US$3 billion investment portfolio and led financings exceeding US$4 billion, and his Africa and Latin America experience aligns with Corcel's operational footprint as an Africa‑Latin America‑focused energy company.
"Following the successful completion of our KON‑16 seismic program and the further strengthening of our balance sheet in March, we continue to make strong progress across both our operational and strategic priorities," said Scott Gilbert, Corcel's CEO.
Processing of the 326 line‑km 2D seismic completed in February is delivering improved imaging, a 227% increase in coverage that confirms the Sirius and Canopus prospects, and a PSTM volume is expected by the end of July to support partner technical review.
Corcel remains on track for a drilling window within the next 12 months, subject to final approvals and farm‑down partner alignment.
