Coro Energy (CORO)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.28p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.75p
  • 52 Week Low: 0.24p
  • Currency: UK Pounds
  • Shares Issued: 2,111.62m
  • Volume: 553,221
  • Market Cap: £5.86m
  • RiskGrade: 570

Saffron Energy appoints South East Asia expert as CEO

By Duncan Ferris

Date: Thursday 22 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Pan Eurasian gas exploration company Saffron Energy announced on Thursday that it has appointed James Menzies as chief executive officer effective from 1 May.
Menzies is a specialist in exploration projects in South East Asia, having founded Salamander Energy where he remained to serve as chief executive for ten years before selling the company to Ophir Energy in a 2015 transaction that valued the company at $850m.

James Parsons, chairman of Saffron Energy, said: "This appointment is designed to accelerate our development into a leading South East Asian gas player, providing the Company with an enviable executive team combining James' deep regional knowledge and network with Sara's financial acumen, charisma and energy. I am delighted to welcome James to Saffron/Coro."

Sara Edmondson, the current chief executive of Saffron, will remain on the board in the role of deputy chief executive and will work closely with Menzies with a view to succeeding him in due course.

Menzies said: "I look forward to working with James and Sara and the rest of the team as we identify the exciting opportunities in South East Asia that are expected to enable us to build a business of material size and meaningful value for shareholders. Assuming all resolutions are approved at the forthcoming General Meeting, and that the transactions relating thereto complete as anticipated, we will have a strong financial platform on which to build and high quality people who will be able to create a pipeline of transactions."

Menzies currently holds directorships at Trinity Exploration & Production and Guinness Oil & Gas Exploration Trust, as well as having previously held directorships at Ophir Energy companies and Tap Oil.

As of 1219 GMT, Saffron Energy's shares were up 4.32% at 4.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coro Energy Market Data

Currency UK Pounds
Share Price 0.28p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.75p
52 Week Low 0.24p
Volume 553,221
Shares Issued 2,111.62m
Market Cap £5.86m
RiskGrade 570

Coro Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.2% below the market average24.2% below the market average24.2% below the market average24.2% below the market average24.2% below the market average
23.46% above the sector average23.46% above the sector average23.46% above the sector average23.46% above the sector average23.46% above the sector average
Price Trend
97.59% below the market average97.59% below the market average97.59% below the market average97.59% below the market average97.59% below the market average
97.83% below the sector average97.83% below the sector average97.83% below the sector average97.83% below the sector average97.83% below the sector average
Income Not Available
Growth Not Available

Coro Energy Dividends

No dividends found

Trades for 27-Jul-2021

Time Volume / Share Price
14:28 52,729 @ 0.28p
14:14 182 @ 0.27p
12:28 500,000 @ 0.28p
12:06 310 @ 0.27p

Coro Energy Key Personnel

CEO Mark Hood

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