Coro Energy Share Discussion Threads

[currypasty] 06/4/2022 14:15

I cant see a placing when Duyung is 'imminent', first quarter, or 2-4 weeks, as of 3.5 weeks ago

Directors do own a pot of shares, so wont want to dilute themselves.. oh and have some tasty options

[10owen] 06/4/2022 14:15

Agree Laz I've added a few more myself.

[lazarus2010] 06/4/2022 14:13

whatever it is, it's just noise until the GSA is announced and maybe we get some reports on gas production figures, maybe a Proactive follow up or a new Align note?

[jamesiebabie] 06/4/2022 14:12

Placing? Fast track the Italian assets? Or just selling into so-called strength?

[blueblood] 06/4/2022 14:11

Those .459s were buys under mid. Either big sell being worked or big shake before more news gaps us up?

[currypasty] 06/4/2022 13:57

got another mil, for luck showing red

[blueblood] 06/4/2022 13:55

Just had another £3k thanks mm's

[currypasty] 06/4/2022 13:52

Cant do Coro on IG spread either

MM's doing a fine job today

[digger2779] 06/4/2022 13:08

Lazarus - I was going to add too but got no funds. Tried to do T20 but they aren't having it. Mind you they aren't having it with any other stocks at the moment. Reckon they are too busy with all the bed and isa's going on.

[lazarus2010] 06/4/2022 13:03

just added another 1.4mln into my son's ISA, got them at 0.48 which seemed a very good deal as that's the bid...wonder if it's going to drop or it's just because of all the B&Is going through?

[grannyboy] 06/4/2022 12:01

Not expecting much until next week when things should start to get interesting!

[buzzzzzzzz] 06/4/2022 11:24

Pavey

What I don't understand is why you did not bring your 0.1c post to a logical conclusion ie equate it to the share price rather than just leave us all hanging so to speak.


I totally agree with you re assigning value to the gas in the ground and I have approached it in many different ways ie trying to equate gas in the ground to barrels of oil in the ground etc etc.

I think we can all agree that the GSA when/if it comes should add multiples to the share price.

But this is AIM so WTFDIK.

[man1] 06/4/2022 10:28

Very informative posts folks , thankyou . With regards to value , It is indeed hard to put a price per share , as the MM, seems to give some stocks with little resources high values , yet stock with potential etc struggle. Let's hope we end up being a MM favourite...

[pavey ark] 06/4/2022 10:17

Buzzzzzz, I'm glad you made it in the end and pleased that you are pleased.....well done !!
"Everyone seems well versed in the rest so I'll leave it there."

Now instead of people projecting figures that are certainly very difficult to establish a number of questions exist:

1. what is the gas worth in the ground ?
2. what are Coro going to do to develop this asset ?
3. Are Coro going to simply sell up now ?
4. might they sell part of the 15% now and fund the development of the remainder ?

I don't know the answer to any of these question ..perhaps management have given hints in the past.

[lazarus2010] 06/4/2022 10:11

Buzzzz...can you buy all my shares off me for the 4pps? I'll let you have Italy and Asia for free ;-)

[10owen] 06/4/2022 10:02

I think 3p Curry.

[currypasty] 06/4/2022 09:59

4p will do nicely

what's everybody else's guess?

[buzzzzzzzz] 06/4/2022 09:50

Pavey

That gives a figure of $170mn?

Or £130mn

Deduct loan call it £25mn plus profit share for bond holders 26mn

Leaves approx £80mn for Coro

Equates to a share price 4p


Thats how you do it!!! Clear and concise.

[pavey ark] 06/4/2022 09:29

Buzzzzzz, muddled certainly springs to mind.

I have suggested a conservative figure of 400 Bcft for gas reserves.

(I'll miss out a couple of lines just for fun)

This 400 Bcft translates to c. 1.7 Bscm to Coro

The link posted shows an article suggesting a LNG price of c. $2/scm

This price will vary and may be a little high.

I then suggested an in the ground value of $0.1 /scm

Given the nature, quality and location of CORO's reserves they may command a higher "in the ground" value but I don't really know.



Everyone seems well versed in the rest so I'll leave it there.

[blueblood] 06/4/2022 09:07

Consolidating but next push could come anytime with more news due including the Duyung GSA biggie....

[buzzzzzzzz] 06/4/2022 09:05

No it's not.

Your calculations are muddled and not clear otherwise I would not have to ask for clarification.

I have provided several calculations for value all of which are clear and give a clear conclusion.

[pavey ark] 06/4/2022 08:46

I hope that's a rhetorical question ?