Coro Energy PLC (AIM:CORO) has resumed gas production at Sillaro in Italy with production currently running at a stabilised rate of circa 17,000 standard cubic metres daily (scm/d) with an expected average over 2022 of around 13,500 scm/d.
Buoyed by the strong European gas market backdrop and at current gas prices, Coro added it expects to generate in excess of €5mln per annum of free cash flow from its Italian portfolio now that Sillaro is back in production.