Coro Energy Share Discussion Threads

[go_baby_go] 18/3/2022 10:57

ADFVN not showing correct spread. II 41-42p on the move.

[currypasty] 18/3/2022 10:13

1 v 1 market makers on level 2 another couple of buys for a tick up?

[solarfire73] 18/3/2022 09:03

Very nice volume this morning. 0.4p to be breached?

[currypasty] 18/3/2022 08:51

Blue, but should be over a penny IMO

[toolsmoker] 17/3/2022 16:11

Looks ready to fly heavily bid for and light offer now

[buzzzzzzzz] 17/3/2022 15:37

You are quite right, he did say that!

[lazarus2010] 17/3/2022 13:57

Buzz, so do I, but he said 'as of today' which clearly it is not!!

[buzzzzzzzz] 17/3/2022 13:43

Laz

From what he said I understood it would be from when Sillaro work completed ie end of March beginning April.

From the RNS


The Company now expects to generate in excess of EUR5 million per annum free cash flow from its Italian portfolio once Sillaro is brought back into production, expected in March 2022

[toolsmoker] 17/3/2022 13:41

Did you see hes little smirk I'd imagine it's sooner than the 4 week period

[lazarus2010] 17/3/2022 13:22

no actual fireworks. Solano 10 year maintenance expected to be completed end March/ start April

He stated 5mln Euro free cash flow 'as of today' but previously stated this would be after increased production from Solano. He needs to be more precise on his dates and with his statements!

At 1 Euro/m3 24,000m3 = Eu8.57mln gross which is probably the 5mln free cash flow, so not until workover/maintenance programme completed.

Could be more when all fields are worked on to improve production?

Might sell or might keep and produce...I guess the decision is dependent upon costs to develop, revenue from Italy and how much they might be offered for it.

GSA 'within the next...very short period...so within the next month'? Does that mean 4 weeks from now or within April which could be up to 6 weeks?

This has gobe out from previous 2-4 weeks by Gaz Bisht at EME.

[ih_209395] 17/3/2022 12:28

Debt restructure and business overview.

Update on Duyung within a month, approx.

[go_baby_go] 17/3/2022 09:01

Lot of potential I'd say, with news to come I've added 2m this morning. I see it showed up as sale due to the hour delay.

[currypasty] 17/3/2022 08:51

plenty of headroom




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[10owen] 17/3/2022 08:32

Agree Laz cant understand why anyone would sell.

[lazarus2010] 17/3/2022 08:28

I'm really scratching my head here at the sp!!

With everything that is going on in the background just ready to make this go pop!

[buzzzzzzzz] 16/3/2022 17:01

From the RNS

Highlights:

-- Italian gas prices have now reached circa EUR1.55 per scm, a 700% rise over the last 12 months.

-- The Company now expects to generate in excess of EUR5 million per annum free cash flow from its Italian portfolio once Sillaro is brought back into production, expected in March 2022.


416,000 euros per month from March!!!!!!!!!!!!!!!

[lazarus2010] 16/3/2022 16:57

Curry...if it pays for our cost to develop Duyung, then we should keep it. If Coro have no intention to develop Duyung, then at least keep it to cover all admin costs and leave some left over for costs of developing renewable assets. If they could get something like minimum 5 xs revenue so $25mln then that would be a good deal ;-)

[currypasty] 16/3/2022 16:14

would be a good time to sell the project to different buyers at a considerably higher price, while gas is 'on point'

I assume its a 'legacy' project anyway, and not part of the forward green plan

[lazarus2010] 16/3/2022 15:48

as they haven't sold, they must have been booking a fair amount of revenue from the project assuming they're selling gas at market rates?

Maybe the additional gas mentioned is what will be sold at market and the previous is sold at an agreed contract price, but maybe some uplift to keep it linked to the market but with a discount?

Would be good to get some clarity!

[currypasty] 16/3/2022 15:31

good, with current gas prices, this project needs to be pushed a bit more by coro

[blueblood] 16/3/2022 15:14

MH being interviewed about Italian gas tomorrow on Proactive!

[blueblood] 16/3/2022 15:13

MH being interviewed about Italian gas tomorrow on Proactive!

[lazarus2010] 16/3/2022 12:52

hopefully you will bring us luck then! I hope it trebles after 4th April, I want to put as many of these as I can into 2022 ISA