Coro Energy (CORO)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

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

Coro Energy's Bezzecca field 'unlikely' to contribute this year

By Duncan Ferris

Date: Thursday 31 May 2018

LONDON (ShareCast) - (Sharecast News) - International gas explorer Coro Energy announced on Thursday that its Bezzecca gas field in Milan is "unlikely" to provide a material contribution during the year.
The AIM traded company instead iterated that it believes the project has "incremental production optionality", which it believes could strengthen the company's cash flow and help to fund its Asia growth strategy.

Production has exceeded forecasts so far this year and is currently running at circa 10,000 Mcf per day, but the field may shut ahead of further developments this year.

Planning is underway for a drilling programme at Bezzecca, where the company is seeking to exploit remaining proved and probable resources, and the company will soon initiate the review process with the department of mining and natural resources, as per Italian regulations.

Meanwhile, the company said that progress should be expected shortly in its "strong" South East Asian transaction opportunity funnel.

Coro Energy harbours ambitions of becoming "an established mid-cap Asian oil & gas player".

As of 1620 BST, Coro Energy's shares were up 3.94% at 3.30p.

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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 0.75
52 Week Low 0.24
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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