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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coro Energy Plc | CORO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.075 | 07:43:30 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.075 | 1.075 | 1.075 | 1.075 | 1.075 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 19/5/2025 16:09 by pavey ark Obviously Conrad didn't steal Duyung.Conrad waived $450k due and the shares given to Coro would be worth a fair bit IF Duyung comes on stream. The main point is that Coro would have to come up with a fair few million to get to production at Duyung and that could prove difficult and greatly curtail their renewables programme. |
Posted at 15/5/2025 18:05 by jason90 Coro better get a move on with their business interests before more disillusioned holders sell their lot and move on. Where's the apology and acceptance that Coro have seriously messed this business up but still have a plan to turn this around? Where's the thank you to shareholders who have stayed loyal to the business? These guys have zero business etiquette. They kept all their eggs in one "Duyung' basket and kept misleading us that Duyung was going to happen, but then kept moving the goalposts. They should have had more urgency to crack on with the renewables much sooner, with the strong likelihood that Duyung was never going to happen. I get a sense that they sat on their laurels waiting for Duyung to materials and it has seriously backfired and blew up in their faces. Parsons really looks like a sitting duck right now. He needs to go, immediately. He made this happen. I seriously hope the Ex Bondholders have a plan up their sleeves to salvage this business. |
Posted at 05/5/2025 10:07 by pavey ark Well I wish I had a clue as to what is going on here but the only thing I'm sure of is that we are in for a very interesting time.The dropping of the Duyung holding was a complete surprise and although we don't have anything like all the details the one thing I can come up with is that other deals are lined up and liabilities built into developing Duyung were a block on these deals. The Italian court case looks promising as the expert appointed by the court seems to have produced a very strong report in support of Coro.....but it is a court case so who knows ??? The Vietnam rooftop deal is very big and only requires a cash input. Was Duyung a problem for purely renewable funds regarding direct investment in Coro ? Time and money spent on the Philippine renewables and Coro are still making very positive noises but these are utility grade project at a cost of c. $100m each .......rather obviously not the sort of thing Coro could take on. I have voted for the Duyung sale but mainly because I don't think it is something to simply " keep the lights on" ...... I see it as a means of moving the very large renewable project forward on a shorter timescale and at less risk than Duyung. If Conrad does actually get Duyung over the line then the shares held by Coro should be worth a fair bit . |
Posted at 01/5/2025 11:45 by currypasty Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, announces that further to the announcement dated 10 April 2025, a Shareholder Circular (containing a notice convening a General Meeting of the Company) with proposals in relation to the sale of Coro's participating interest in the Duyung PSC is available on the Company's website at and has been posted to shareholders today.The General meeting is to be held on 14 May 2025 at 11.00 a.m. at Fieldfisher's LLP's offices, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT, United Kingdom. |
Posted at 25/4/2025 20:02 by currypasty 25 April 2025Coro Energy plc ("Coro" or the "Company") Notice of General Meeting Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, announces that further to the announcement dated 10 April 2025, a Shareholder Circular (containing a notice convening a General Meeting of the Company) with proposals in relation to the sale of Coro's participating interest in the Duyung PSC is available on the Company's website at and has been posted to shareholders today. The General meeting is to be held on 14 May 2025 at 11.00 a.m. at Fieldfisher's LLP's offices, 9th Floor, Riverbank House, 2 Swan Lane, London EC4R 3TT, United Kingdom. |
Posted at 11/4/2025 20:44 by jason90 I sincerely hope the ex bondholders are reading this thread. They should be getting worried. That's £18million practically down the drain. Thanks to Parsons. Parsons likely spent the last 5 years sitting in a health spa spending investors money and filling his boots with other people's money. There was never any consistent money coming into Coro through viable business functions. He's a fraud. I wish I listened to those that warned us 2 years ago about Parsons and his business practices and got out then. I don't know how on earth he is able to stay in the business and still take money. Is there no way to see the back of him? Where there's a will.. There's always a way..And how many businesses are registered under different Coro names? Coro Vietnam, Coro Energy Holding Cell A, Coro Asia Renewables, Coro Clean Energy, Coro Energy Asia Ltd. What on earth is that even about????? James has been laughing at us the past 5 years taking regular business trips/Holidays to SE Asia and having a whale of a time. NO MORE. |
Posted at 11/4/2025 13:54 by jason90 Currypasty, of course they will. Deal is already done. Think about it. Duyung is still not in the bag, so ''potentially'' renewables will come in sooner than a still uncertain Duyung. There will be significant cash flow required from Coro to support Duyung readiness to produce gas which could run into millions, there's no way ex-bondholders will support further cash to support this. They're already down £18mill. Now if you read the charge notice (found on Coro HMRC business listing), you will see that bondholders always had a back up clause to take majority shares in Coro and therefore run the show, in case of this eventuality. This is exactly what is happening now. Tom is just a puppet for ex-bondholders. I am sure ex-bondholders are breathing very strongly down Tom and James's neck to ensure they don't mess up the renewables business which is what Coro was originally intended for. My only hope is that Tom made the right call to bring in Harry Beamish who does seem to 'hopefully' have some decent business acumen, especially when it comes to foreign renewables large scale deals. (Research his background). But I have lost complete faith in James Parson (100% conman) and I'm about 99% there with Tom. Hopefully if Tom screws this up then he'll be sued by ex-bondholders next. Let's see what happens, GLA. |
Posted at 22/3/2025 09:20 by pavey ark Now I do appreciate the overall sentiment in the post from the other board but I would have thought we had moved on from " a few more roof-top panels in Vietnam " !!??UK renewable shares have hardly done well recently (understatement) but this type of news would certainly have added to an already very positive outlook. I'm sorry but most Duyung investors don't appreciate anything related to renewables and the impact on Coro.....it is not why they invested in the first place. As a result of this lack of interest little attention is paid and I doubt if many have looked back at the progress made in the very short space of time since the first announcement of the MWG deal........this is very significant and should be of major interest to all Coro holders. The $350k refers to the 84 sites and when the current sites are completed we will have c. $500k but this is just for starters. The deal is for 900 sites and 50Mw and the recent sites just take us from 2.6Mw to 3.7Mw. Rather obviously Coro can't fund this 50Mw rollout on its own. Coro are looking to sell their initial 3MW site which supplies the Phong Phu corporation and currently generates $250k a year......get the cash from this sale throw in existing MWG sites and bring in investors for the rest. "a few more roof panels"......hmmm !? Edit: when looking at this deal it is best to look at the power supplied by the additional sites ....the recent 46 averaged under 20 kw per site but the final 4 seemed to be rated at 70 kw per site. It looks a bit of an extrapolation but 50Mw could give a cash flow of $7m .....hmmm ....many a slip and all that !!! Interesting comment about battery storage ? |
Posted at 20/3/2025 15:49 by pavey ark At the Lakes for a few days and just back from a great day on the high fells.......altitude |
Posted at 20/3/2025 07:56 by blakieboy7 Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio is delighted to announce that it has signed a further addendum to the existing Power Purchase Agreement (the "PPA") with Mobile World Group ("MWG") to deliver power at the next 46 MWG solar sites in Vietnam with an aggregate capacity of c.0.8MW (the "PPA Addendum"). Construction of the sites subject to the PPA Addendum will commence immediately. As previously announced, the Company signed a Memorandum of Understanding ("MoU") in Vietnam with MWG granting Coro exclusivity on an initial 900 MWG company sites in the central and southern regions of Vietnam where solar irradiation is the highest in the country. Coro will build, own, and operate each rooftop solar system and sell all generated electricity directly to each Mobile World Investment Corporation location under a 14-year Power Purchase Agreement, extendable in certain circumstances. The Power Purchase Agreement ("PPA") was signed on 8 March 2024, and the Company now has 84 sites with MWG currently operational in Vietnam (circa 2.6 MW) with an estimated annual run-rate cash flows to Coro of approximately US$350,000. The PPA Addendum terms include a variable price with a floor of VND 2,703 per kilowatt hour, an extended term in certain circumstances and are consistent with those previously announced by the Company. A further addendum for a further 4 sites in Ho Chi Minh City (circa 0.26MW), potentially including a pilot of a co-located battery energy storage system is also expected to be signed shortly. Subject to agreement, this further addendum would bring the total contracted capacity to 3.7MW across 134 sites. |
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