Company
LON:CORO
Coro Energy PLC is a South East Asian focused energy company with a growth strategy centred on low-carbon energy investments, supported by a high-quality gas asset. The company's regional growth strategy is underpinned by a 15% interest in the Duyung PSC, containing the 495 Bcf (2C gross) Mako gas field, located offshore Indonesia. Coro also has interests in proposed solar and wind projects in the Philippines.
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The company noted that the well has been producing at a stabilised rate of 15,000 standard cubic metres per day (scm/day) since November 18, 2022
The well demonstrated strong pressure support, Coro said
The company has a 15% interest in the operation that is expected to begin production in 2025
Coro said in August that it had agreed an option on a potential sale of the Italian portfolio but has generated over €4mln of cash this year
AIM-listed company will file application for a wind energy service contract by November 20222
“We have set a high bar for future projects, but we now know our capabilities and look forward to rapidly building our solar portfolio"
The company's gas portfolio was boosted by market conditions during the first six months of 2022
“We are delighted with progress on our flagship asset, the Duyung PSC,” James Parsons said.
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WTI (Oct) $91.64 -$5.37, Brent (Oct) $ 99.31 -$5. 78, Diff -$7.67 -41c.USNG (Sept) $9.04 -31c, UKNG (Oct) 535.0p -65p, TTF€275.8 +15.8*. *ExpiryOil priceOil fell, Iraq said that whatever the domestic circumstances they would still pump 4m b
“Phong Phu Corporation, the client and off-taker of power, are delighted with the installation"
Coro said it had decided to sell its Italian assets after receiving unsolicited approaches
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27 July 2022*A corporate client of Hybridan LLP** Arranged by most recent first*** Alphabetically arrangedDish of the dayJoiners:No joiners today.Leavers:No leavers today.What’s cooking in the IPO kitchen?**Inteliqo Limited, intends to join
The gas-producing asset has come back into favour in recent months
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WTI (August) $109.57 +$1.95, Brent (August) $115.09 +$1.97, Diff -$5.52 +2cUSNG (July) $6.50 +28c, UKNG (July) 168.0p -2.0p, TTF €125.50 -€8.83Oil priceA bizarre playground type incident happened at the G7 meeting, sleeves rolled up M Macro
The company told investors it is “extremely confident” in what can be achieved in 2022
Significant improvements relating to the moisture in the sales gas have been made
Hot weather has affected production at the Sillaro gas field
Gas prices in Italy had risen by more than 700% over the past year
The agreement is expected to generate revenues between US$9mln and US$11mln over the 25-year duration
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Oil price, Orcadian, Gulf Keystone, Coro. And finally…WTI $104.24 -$1.72, Brent $110.23 -$2.25, Diff -$5.99 -53c, NG $5.34 -17c, UKNG 280.0p +20.59pOil priceAnother down day as the same combination of the peace talks and Chinese Covid crisi
