Coro Energy Share Discussion Threads

[blueblood] 28/3/2022 11:31

Duyung GSA announced between Italian gas production update and refinancing completion would be my guess towards end of next week?

[lazarus2010] 28/3/2022 11:23

fingers crossed! Bid has been lowered because they want some cheap shares...expect some delayed buys to come through, normal M.O. by the MMs methinks!

We know that they shut the wells in previously due to the very low gas prices being achieved, so hopefully there isn't an issue with re-starting them all!

Expecting this to take off once they announce all wells back on stream and the refinancing has all been completed (even though we know it is 'all but' completed, as they say, markets hate uncertainty!)

[currypasty] 28/3/2022 10:26

"Sillaro, once back in production which is expected in March 2022, will add a further c.18k scm/d initially."



still time this week for RNS saying its started up

[pavey ark] 28/3/2022 10:20

hxxps://www.offshore-technology.com/marketdata/santalberto-conventional-gas-field-italy/

NB: change xx to tt

1 million Euro to develop this field are there is more to come.

The 5 million free cash flow only included the two producing fields (one plus the additional post maintenance field 6k+18K).

The Sant'Alberto looks like it could add 20k.

Added a further 1.4m this morning and now at my limit for a company this size.

[currypasty] 25/3/2022 18:02

P.A. Italian gas a great asset, IMO.. just not what Im here for... Im looking for a win on Duyung after waiting years. Ive got alot of EME (joint partners) but want to keep them for china drill..

[buzzzzzzzz] 25/3/2022 17:58

Pavey

The Italian cash flow justifies the current share price on it's own along with the renewable element.

Duyung is completely ignored.

[pavey ark] 25/3/2022 17:25

I'm very new here (17/3 ,18/3 and a final 1 million late today).....0.4p average.

Came here via a holding in CIP..... they hold Coro.

With any new holding I read the bbs closely and look for the posters with knowledge of the company and hopefully a balanced and reasoned approach

"tbh, im not really interested in the company, its new projects, or its directors.. I just want the Duyung rns, 2 pence and out!".....this is also useful to know.

What first attracted me was the Italian gas and although the asian gas field is obviously of massive importance to the company I feel that many longer term holders are talking a ..."yeah....whatever!!" approach to the Italian gas and its very real substantial....AND IMMEDIATE cash generation.

[buzzzzzzzz] 25/3/2022 17:06

Curry

Cynical?

You and me both!

Have a good weekend!

Lets hope imminent is an RNS 7am monday!!!!

[currypasty] 25/3/2022 16:32

buz, perhaps i am overly cynical ...

it just hits me as odd that when there is such a large amount of cash at stake, you can miss a deadline, and the company wasnt on the blower reminding them

[buzzzzzzzz] 25/3/2022 16:28

Curry

The Tranche A holders that voted and missed the deadline voted in favour, no one voted against!!!!!!

Tranche B holders voted in favour and achieved quorum.

I don't understand why you keep implying that those missing the deadline were mischeif making.

The agreement was subject to a non binding HOA and was obviously the subject of detailed discussions between the company and all loan note holders.

You should pay more attention when reading RNS's

Your post 46319 was incorrect when you asserted the 18p warrants were still in play when they had expired.

JudiJudi made the same mistake and could not even accept he was wrong just said whatever.

[currypasty] 25/3/2022 16:23

IMHO, they will pass the resolution and be happy with the terms.. that 20% could be very very lucrative. The alternative is to try to demand the cash back that coro clearly havent got, so would end up in court.. who needs that hassle ?

[digger2779] 25/3/2022 16:12

All those selling will be scrabbling to buy once Duyung news drops!

[buzzzzzzzz] 25/3/2022 15:43

Curry

Just looked at Steve Larratt on You Tube and I believe he said that Duyung might be worth 10p or more to EME, is that right.

That would equate to £60m and that would be just shy of £120m for CORO which would be huge.

3.5p very roughly.

[buzzzzzzzz] 25/3/2022 15:40

What's that got to do with it?

They did not miss the deadline because of "imminent", because someone was incompetent.

[currypasty] 25/3/2022 15:28

they probably just don't trust "imminent"

[buzzzzzzzz] 25/3/2022 15:23

20% is just the cream,they are getting interest as well.

So you think they are going to ask for more? Being a bit paranoid?

The way I read the RNS the Tranche A votes that have been cast before the deadline cannot be rescinded so it looks like sloppy planning from those who missed the deadline, and those who did miss the deadline voted 100% for the agreement.

In fact there were no dissenting votes in either Tranche B or Tranche A so hopefully rubber stamped on the 11th April.

[currypasty] 25/3/2022 15:05

sloppy, or planned... Duyung Imminent ?

Perhaps they want to see how much their 20% on top will earn?

[buzzzzzzzz] 25/3/2022 14:13

JemJem

It looks like the Holders of Tranche A missed the deadline with their vote, nothing to do with Coro all those who made the deadline and those who were late and not counted voted in favour.

Looks like sloppy work from the Bond holders!!!!

[currypasty] 25/3/2022 13:28

tbh, im not really interested in the company, its new projects, or its directors.. I just want the Duyung rns, 2 pence and out!

[currypasty] 25/3/2022 13:17

"multiple critical inflexion points across both the Duyung PSC, where commercial progress is expected imminently"


Imminently... now where have i heard that before ?

[realcooltrader] 25/3/2022 13:14

James Parsons, Coro's Chairman, commented:

"This is an exciting time for Coro and we would like to thank the Company's Tranche B Noteholders for their continued support. Buoyed by strong gas production in Italy, the Company is approaching multiple critical inflexion points across both the Duyung PSC, where commercial progress is expected imminently, and its South East Asian renewables portfolio, where we expect to secure maiden cashflows by the end of the year and continue to make progress on a number of projects."

[ride daice] 25/3/2022 13:13

I wonder why Parsons has moved to Executive Chair ?

[jemjem] 25/3/2022 13:13

You say it's no surprise Curry, but the fact it's not done and dusted is a surprise, surely? It'll be alright in the end, but looks like poor prep work prior to the meeting, to ensure everyone was onside in time?
Imo