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

Coro Energy losses widen on acquisition costs

By Iain Gilbert

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Euro-Asian gas explorer Coro Energy said the first half of 2018 was "a busy and exciting time" for the firm, with senior personnel changes and corporate consolidation allowing it to achieve scale in its European business.
Coro Energy's results from its "transformational" period which saw the AIM-listed firm reboot itself through the combination of Sound Energy's Italian assets and Saffron Energy.

Coro saw production total 203m cubic feet of gas throughout the half and generated €1.1m of revenue during the period thanks to a strong Italian gas price of €6 per thousand cubic feet, on average.

The group made a pre-tax loss of €2.4m for the period, a 166% widening on the previous year, primarily driven by costs associated with its acquisition of Sound Energy and the AIM readmission process.

In addition to opening an office in London and raising €16.1m for its expansion in South East Asia, Coro appointed James Menzies as its new chief executive during the half.

Post-period end, Coro entered into its first maiden deal in South East Asia - agreeing to acquire a 42% interest in the Bulu production sharing contract in the shallow waters of the East Java Sea, Indonesia.

James Menzies, Coro's chief executive officer, commented: "With the first transaction now signed, we are continuing to build momentum, with a pipeline of accretive deals continuing to be developed."

As of 1230 BST, Coro shares had slipped 0.60% to 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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