Coro Energy Share Discussion Threads

[currypasty] 05/11/2021 15:29

Proactive One2One Investor Forum
11 November 2021 | London


is this the re-scheduled one that was cancelled a few weeks ago?


perhaps they will have something to talk about by next thursday


Co-incidentally, empyrean energy warrants, exercisable at 12p have a deadline of next friday (after being extended by three weeks)

[the donald] 01/11/2021 14:47

Not so quick Laz. TK needs news on EME to get warrant take up otherwise why extend the warrant deadline. It has to be news related and Duyung is the big current asset as it is for Coro. Coro also due to update on the green project JV. I still think we will see news this week, possibly on both as one could effect the other. Just thinking through possibilities.

[lazarus2010] 01/11/2021 14:04

seems like the rumour of a rumour based on rumours was just a rumour :-(

[digger2779] 01/11/2021 12:02

Having 1st bought in at 1.6p and subsequently averaging down thinking it couldn't go any lower I was wrong. I bought in because of Duyung and I'm still under water here. The BOD think nothing of raising capital at stupid prices and the last one doubled the number of shares in issue. Announcing new appointments at inflated salaries plus awarding juicy share options seem to be the name of the game here. I was distracted by the Duyung potential here but hopefully this will get over the line before they take the opportunity to raise a few more bob to top up the "admin" coffers.

[10owen] 01/11/2021 11:37

Why on earth would you sell at these levels when there is so much potential upside in the near term.Beggers belief.

[the donald] 01/11/2021 08:15

An update on the below as also due I would have thought in the next couple of days. News on Duyung could land any time now. This could look like a very different company soon.

Coro Energy Plc, the South East Asian energy company focused on leading the regional transition to a low carbon economy, announces an extension of the exclusivity period agreed with the Company's Vietnamese rooftop solar project partner, Vinh Phuc Electrical Mechanical Installation Co Ltd. ("VPE").



Current in-country COVID-19 restrictions, including limitations on being able to formally lodge papers with the Vietnamese government, have meant that the Company now expects a definitive joint venture agreement for the JV to be capable of entry by the end of October 2021. Accordingly, the Company and VPE have agreed to extend the exclusivity period under the Heads of Terms first announced by the Company on 12 July 2021 until 31 October 2021.

[the donald] 01/11/2021 08:12

Utter rubbish

[helpfull] 01/11/2021 08:04

It's a difficult share. That Duyung news never arrived. And wasn't that the catalyst for everyone buying on Friday? Never mind. Start again today. It gets more difficult every time. Duyung hasn't arrived for several years. Hope you haven't been left holding the baby. Might be a big boy by the time Duyung arrives. If at all. Be careful.

[lazarus2010] 30/10/2021 12:04

nice find TD, opportunities to invest in companies which are at the forefront of new green industries. I would guess many of these will do all the legwork to establish themselves and get their project pipeline up and running before being taken out by bigger companies looking to assemble conglomerates with green credentials. Also ethical funds may find themselves needing to invest in these companies just to meet their own investing criteria.

Another one surprisingly not on that list is PHE (Powerhouse Energy). I'm not quite sure if it's just smoke and mirrors but they are supposed to have invented a process to convert waste plastics into hydrogen and are looking at rolling out small hydrogen plants across the UK and Europe...I don't think they have a single operational plant as yet but have partnered with Peel Holdings to place them across their many industrial and port sites across the UK. One to watch.

[realcooltrader] 30/10/2021 11:12

Excellent article, thanks TD. Some new ones there for me to monitor.

[the donald] 30/10/2021 10:31

Coro is one of them. My buy in yesterday could be well timed.

[the donald] 30/10/2021 10:25

Laz, wow. EME's 8% and CORO 15% could be worth a fortune even if they farm down for a free carry for development to production. No wonder TK was so upbeat in his last interview commenting on Duyung. The valuation of both companies makes no sense even for what they know already. If there is oil there too......Glad I got most of mine in an ISA. Might need to look at getting some into my SIPP on Monday.

[lazarus2010] 30/10/2021 09:11

The Don,

I have no idea of the geology of this entire area, however could there also be oil down there?

[the donald] 30/10/2021 05:54

Broken out of the 50 day moving average for nearly a year. Look what happened to the share price last time it broke out.

[the donald] 30/10/2021 05:42

POsted by Safiandi on the EME board. Q4 presentation by Coro updated 25 Oct issued to their site today. Previously Q1 only. Shows the Mako field location & area in the Natuna Sea on page 9 as a large structure which is known to be 47km long & 16km wide within the Duyung PSC.
The latest EME AGM presentation on 23 Sep 2021 shows the Kerisi platform operated by Medco Energi which is known to be 16km to the SE of Mako. Therefore using the EME presentation as a guide, Medco´s Natuna Sea Block B production area is approx 2.5 times this distance, say 40km. If this is accurate & if the Mako reservoir overlaps Medco´s interest then this is potentially a single tank monster,far outstripping the GCA figures of 495Bcf (2C) & 817Bcf (3C) in May 2020. It is no wonder that Tom Kelly ( EME CEO )stated in his interview on 11 Sep 2021 that the current NPV at Mako has increased substantially compared to the pre covid NPV.

[the donald] 29/10/2021 14:59

Only £100k of buys/sells ( mostly buys ) has driven Coro up 20%. Imagine what Duyung news would do to the market cap and share price

[tomboyb] 29/10/2021 14:48

20 percent -

[helpfull] 29/10/2021 14:10

Not a share to be in! There are 800,000,000 shares at 0.4p that need offloading from the placing earlier in the year. There is no news but there doesn't need to be as long as people are mug enough. Be careful.

[the donald] 29/10/2021 13:21

I'm in for 5m now :-)

[tomboyb] 29/10/2021 13:19

getting closer and closer to asking price -

[nametrade] 29/10/2021 13:00

Most of the reported sells going through are buys..