Coro Energy Share Discussion Threads

[lazarus2010] 28/12/2021 20:39

Target share price From the Align research note...
Moving into 2022, it does look all to becoming together quite neatly at Coro. We initiated coverage on the company in December 2020 with a Conviction Buy stance when the shares were trading at 0.275p with a target price of 1.50p. At the current price of 0.28p, we have full confidence in reconfirming our stance.

[lazarus2010] 28/12/2021 20:18

Safiande24 Dec '21 - 12:00 - 43558 of 43580
0 10 5
Tarz,

Indonesian press reports today in the last hour or so namely:-

"Conrad, partners close to seal Mako gas deals
Friday, December 24 2021 - 10:15AM WIB "

Seemingly picking up on EME´s interims.

Could even be next week or shortly after in the new year as mentioned by EME yesterday. Coro has delayed its video response to shareholders´ questions from this month to Jan 2022. There are likely to be a number of GSAs as mentioned by Jemjem & Toon previously and also by EME yesterday. One of which could be with a major player as per Jem´s contact. Suggests that the B2B agreement with Medco Energi,( if the single tank reservoir has strayed to Medco´s patch ) first mentioned in Sep has been concluded. Also agreement reached on the FSA ( " Facilities Sharing Agreement " ) including the main pipeline to Singapore which is owned by Medco.
Medco recently mopped up the totality of Conoco´s remaining Indonesian operations for US$1.355billion , so they have cash available it seems. Also Medco recently raised several millions for acquisitions. They remain the prime candidate to take over operatorship of the Mako field from Conrad either at the start of development ( x 5 wells ) in mid 2022 or at the start of production in 2024.

[the donald] 28/12/2021 10:56

Nice read Curry Pasty. 1p should be easily achievable imo once Duyung projections are released.

[the donald] 24/12/2021 13:37

Amazed how under the radar this is with 15% in Duyung. Imagine a big volume buy day! To the moon!

[lazarus2010] 24/12/2021 12:14

Edging up nicely on a very low volume day. Not much stock around, probably because everyone is out shopping lol.
Here's to a very successful New Year to all Coro and Eme holders!!

[the donald] 23/12/2021 09:45

Could easily see it over 1p on Duyung update. Pretty much nailed on it should rise significantly either way.

[blueblood] 23/12/2021 09:43

Close the spread and make a bloody market!

[lazarus2010] 23/12/2021 08:53

TD...Coro the least risky, EME the biggest potential imho...have added some more Coro this morning after selling half of another O&G yesterday (not EME) to rebalance for 2022.

[the donald] 23/12/2021 08:30

Agree Laz. Jan should be a great month for both EME and CORO.

[lazarus2010] 23/12/2021 08:16

Was just trying some dummy quotes earlier and I am sure that 1mln 'sell' was in fact a buy as that is what I was being quoted...the Duyung GSA must be getting close to being signed if MH believed it might be done before Christmas...clearly highly unlikely now...

[fireplace22] 23/12/2021 07:07

EME this morning:

At Duyung, gas sale agreement ("GSA") negotiations continue with several interested parties and we hope that these will be successfully concluded in early 2022. Earlier in 2021 an independent assessment confirmed a significant resource upgrade and in the process confirmed the Mako field as one of the largest gas fields ever discovered in the West Natuna Basin and one of the largest undeveloped gas resources in the immediate region.

[blueblood] 20/12/2021 16:27

True but it's a lot closer now - keeping positive!

[digger2779] 20/12/2021 16:13

blueblood - it would seem so but nothing seems to move this up. BOD have destroyed any confidence here by dishing out confetti and feathering their own nests unfortunately. I keep telling myself Duyung will happen soon but 18 months on and it's still not signed off.

[blueblood] 20/12/2021 15:33

The market have lost sight of the underlying asset here. Duyung worth multiples of current mcap even allowing for debt!

[petercrosby] 20/12/2021 11:47

I believe i read MH said by year end somewhere.

I moved some of my EME funds over here anticipating the Duyoung news will come before the Jade Spud news.

IMO gearing is better here for a more significant rerate on that news then I plan to shift back to EME

[currypasty] 20/12/2021 11:34

are we still expecting before end dec ?

[blueblood] 20/12/2021 11:18

Duyung news must be very close now. Be disappointing if it doesn’t drop by New Year!

[lazarus2010] 17/12/2021 18:14

Bad news for some, potentially good news for us as it keeps the pressure on the GSA partner to get a deal done at top end of pricing band imho


Spiking EU Gas Prices Push Up Asian LNG. Much to the chagrin of Asian LNG buyers, soaring spot gas prices in Europe - trading some $12 per mmBtu above Asian LNG at $48/mmBtu equivalent - have been inevitably pushing up spot LNG quotes in the Asia Pacific, already at $45 per mmBtu.

But possibly bad news for Europe as Germany will need to source gas elsewhere, maybe keep using pipeline through Ukraine?

Germany Doesn’t Expect Nord Stream 2 Launch Soon. Germany’s energy regulator BNetzA said it does not expect the Nord Stream 2 gas pipeline, owned by Gazprom (MCX:GAZP), to be launched in the first half of 2022, sending European gas prices to all-time highs.

[blueblood] 15/12/2021 16:03

MH indicated 2 gas contracts had been secured but this was quickly edited out I think. Didn't see it myself but was discussed on EME board.

[johnswan193] 15/12/2021 16:01

What was said on the podcast?

[blueblood] 15/12/2021 15:24

Looks like MH has been put firmly back in his box following his loose lips podcast! Just need confirmation by RNS before lift off. Could 10 bag easily on positive Duyung news imo.

[blueblood] 13/12/2021 08:09

We need Duyung update on GSAs. Was hoping for it before Xmas but 1st week of January will do!

[currypasty] 10/12/2021 12:42

Coro Energy plc, the South East Asian energy company, supporting the regional transition to a low carbon economy, announces that, consistent with its policy of preserving cash balances, it has issued 12,413,794 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at an effective issue price of 0.29 pence per Ordinary Share, in settlement for fees for services provided to the Company by a third party service provider.