Coro Energy Share Discussion Threads

[toolsmoker] 24/3/2022 08:18

Small gap at .55 to fill

[digger2779] 24/3/2022 08:16

Good start to the day.

[lazarus2010] 23/3/2022 18:22

Would be nice. First stop 0.5p will do.

[currypasty] 23/3/2022 16:11

EME doing very well today, time for coro to catch up?

[lazarus2010] 23/3/2022 09:18

as a reminder, this is what Coro paid for their gas at Mako

representing an effective acquisition price of $0.34/MMBtu on a 2C basis...which is now c. $0.2/MMBtu following the increased 2C figures.

Independent review by Gaffney Cline & Associates ascribed gross 2C resources of 276 Bcf (48.78 MMboe) of recoverable dry gas in the Mako field with gross 3C resources of 392 Bcf (69.3 MMboe) representing additional field upsideTotal consideration of $4.8 million, comprising $2.95 million in cash and $1.85 million in Coro shares, plus $10.5 million in partial funding of the 2019 drilling programme for a 15% interest, representing an effective acquisition price of $0.34/MMBtu on a 2C basis
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Two years ago Coro took a 15pc interest in the Duyung Production Sharing Contract (PSC), focused on the Mako gas field offshore Indonesia, a licence shared with operator Conrad Petroleum Ltd (76.5pc) and Empyrean Energy plc (8.5pc). Mako, one of the largest gas fields to be discovered in the prolific West Natuna basin, offers a 2C gross gas resource of 495 Bcf that could be supplied to Indonesia and in Singapore through existing extensive pipeline infrastructure.

[blueblood] 22/3/2022 14:38

Got to get financing approved on Friday and then should start taking off into new news

[stewart4990] 22/3/2022 13:42

.Why the drop should be flying

[newforestlad] 22/3/2022 11:34

Small drop back after a recent surge is acceptable.Impatient profit taking.

[ride daice] 22/3/2022 11:23

Hotel Chocolat I hope.

[currypasty] 22/3/2022 11:03

1p by easter... looks like thorntons this year instead of Aldi

[blueblood] 22/3/2022 11:00

Financing news this week, gas production confirmation next and Duyung GSAs before Easter. 1p+ by Easter imho!

[toolsmoker] 20/3/2022 08:47

James remember the Italian asset was being sold not long ago for 300k .this is non news ill be happy if they are taxed 1.5m on 15m profits at year. Sounds better to me than the 300k sale .also bear in mind 99% of investors are not here for Italy its just an added extra

[digger2779] 20/3/2022 00:51

Coro hasn't made a profit since time immemorial.

[stewart4990] 19/3/2022 23:28

It's says to march 22 compared to previous year, what profit ?

[buzzzzzzzz] 19/3/2022 11:21

I have had a good look at the chart and I am not an expert at TA but I see two areas of interest the high from last Jan of approx 0.008 and the other area 2p.

We can all hope for the latter.

Does Zak Mir cover Coro, not that he gets it right all the time.

[pavey ark] 19/3/2022 10:49

I have just read and re-read everything that has been said, in the last year, about their Italian gas assets.

The Italian gas is what brought me in last week and the reason for two additional purchases.

This is a very big deal and recent events have transformed a cash draining liability into a very real cash cow which is almost certainly worth more than the entire current market cap.

[currypasty] 18/3/2022 16:45

MCAP still only a tiny £9m

[jamesiebabie] 18/3/2022 16:43

A good end to the week.

Have a great weekend, all.

[toolsmoker] 18/3/2022 16:25

Close on High gap up on Monday

[go_baby_go] 18/3/2022 16:02

Paid a bit more than this morning. Took some more 1.5m @.4189. Could see a further rise into close.

[toolsmoker] 18/3/2022 15:52

2 weeks we will be above a penny easily

[currypasty] 18/3/2022 15:07

Can someone say when T/A predicts a penny ?

[jamesiebabie] 18/3/2022 14:26

I don't know, but you did start it, so you only have yourself to blame. Take the weekend off and look inwardly and consider one's comments. :)