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 upbeat as Mako plan of development gets approved

By Josh White

Date: Monday 11 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Southeast Asia-focussed exploration and production company Coro Energy announced on Monday that the Indonesian Minister of Energy and Mineral Resources has approved the plan of development for the Mako field, Duyung production sharing contract.
The AIM-traded firm had announced the acquisition of a 15% stake in the Duyung production sharing contract, which covers an area of approximately 890 square kilometres in the West Natuna basin, on 11 February.

It said it was proximal to the West Natuna Transportation System, a gas pipeline to markets in Singapore.

The pipeline currently supplied around 0.4 billion standard cubic feet per day to Singapore.

A resource audit by Gaffney Cline & Associates, dated November last year, reported 276 billion cubic feet of contingent resources attributable to the Mako field.

"We are pleased to see this project advancing so soon after the announcement of our acquisition, the approval of the plan of development for the field is a key step toward monetising the Mako gas," said Coro Energy chief executive officer James Menzies.

"The Duyung partners are finalizing plans for the 2019 drilling campaign which we expect to commence in late summer and we look forward to updating the market shortly with our plans."

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page