Coro Energy Share Discussion Threads

[lazarus2010] 15/3/2022 11:40

Did a quick google, can't see the price being much lower and not sure how this compares to non-lng

Indonesian Liquified Natural Gas Monthly Price - US Dollars per Million Metric British Thermal Unit
Month Price Change
Oct 2021 12.38 8.22%
Nov 2021 15.25 23.18%
Dec 2021 15.32 0.46%
Jan 2022 15.57 1.63%

[lazarus2010] 15/3/2022 09:49

upwards of $10, probably closer to $14 but not checked for a while.

Also note that the way I read the above valuation taken from Telegram poster, the $1/1000 is a factor that can be used to estimate the potential value to Coro IF the valuation for sale was $1 for gas in the ground and estimated to be recoverable. So each additional $1 gives a new estimated value per share.

Nobody really knows how much a company is prepared to pay for resources (can't be reserves as they're not producing albeit they have been tested).

$4-$5 probably about the maximum that anybody would pay until such time as the FID is finalised or even as far as actual production, but maybe $2-3 now would not be out of the question, so that could be 2.5-4.5pps for the 'Best Estimate' of 566bscfg in place.

[buzzzzzzzz] 15/3/2022 09:11

Don't count your bearskins before you kill your bear!

Bit more macho than chickens and eggs!!!!


On a serious note what is the current price in the far east for gas per 1000scfg?

[ride daice] 15/3/2022 08:52

Bought some more this morning. Bond Issue sorted + Italy production + Imminent GSA announcement made it a bit of a no brainer punt.

[linz22] 15/3/2022 08:46

Remarkable valuations calculated, but 'chickens & hatch' springs to mind.

Regardless.., now is the time for patience, or abstention if you will. Watching the share price rise is exciting for everyone, especially LTHs having been becalmed for so long, but selling at 0.37p now is beyond irrational.

Sit on your hands if necessary, but this is NOT the time for twiddly fingers.

(just a bit of open advice for the over-eager).

[lazarus2010] 15/3/2022 08:17

Curry, that's just the 'Best' estimate, if you take it to the high estimate it will be even higher! Also doesn't take into account potential increased size of the field and potential deeper plays. Seriously if Coro were to stay the course and fund the development from Italian gas production this could be 20-30pps just for Duyung imho!

[buzzzzzzzz] 15/3/2022 08:15

Is the price $1/1000scfg at the moment?

[currypasty] 14/3/2022 19:46

and people are selling at 0.37, when there is 6.3p potential ?

17 bagger !

[lazarus2010] 14/3/2022 19:36

Copied from Telegram

Just done a quick calc for Coro, and I used the following assumptions.
1. We owe £25mln for the loan notes.
2. After deducting £25mln we get 80% of the remaining valuation.
3. The value of gas in the ground is $1/1000scfg.
This gives the following:
384bscfg @ $1 is worth the current share price more or less.
At $2 it is worth approx 1.5pps
At $3 it is worth approx 2.6pps
At $4 it is worth approx 3.9pps

The reason for the jump is because the £25mln deduction is common to all calcs, so the balance remaining jumps disproportionately.

Those figures are based on the lower estimate of 384bscfg in place or 323bscfg recoverable.

For the 'best estimate' the figures are as follows...better sit down lol.

@$1 = c. 0.9p
@$2 = c. 2.7p
@$3 = c. 4.5p
@$4 = c. 6.3p

Can somebody else do a valuation and see what you come up with?

These are just my quick bofp calcs so open to be changed (down or up lol) 🤞🤪

[blueblood] 14/3/2022 15:53

Expect Align's updated broker note to have 2.5p+ price target imo

[currypasty] 14/3/2022 12:50

O/T





my little buy this morning in profit (about thirty bob, old money)

[blakieboy7] 14/3/2022 12:44

I'm here just for the vaccine posts haha!!!

[lazarus2010] 14/3/2022 12:23

JB, you can post about vaccines and conspiracy theories on here if you want?! Any obtuse links affecting the big picture more than welcome afaiac ;-)

[newforestlad] 14/3/2022 12:03

Afternoon.. Just bought 1314740.Nice to join you all

[jamesiebabie] 14/3/2022 12:00

Steady as we go.

[blueblood] 14/3/2022 10:55

Just had small top up myself 423k and managed to get them @ 0.369. Expecting 1p+ by Easter

[nithbank] 14/3/2022 09:17

Just had a top up.

[currypasty] 14/3/2022 08:38

MM's wont let you buy many...had a go, and only got 500k on a fill or kill

[currypasty] 14/3/2022 08:20

let them buy at 1p+ in a fortnight

[10owen] 14/3/2022 08:17

Amazed we have no buyers yet but they will arrive.

[blueblood] 14/3/2022 08:03

EME interview on proactive. Duyung GSAs in 2-4 weeks. Tic toc