Coro Energy Share Discussion Threads

[lazarus2010] 12/4/2022 10:59

Curry, EME didn't turn down the offers...it was a controlling party that turned them down afaiaa

[lazarus2010] 12/4/2022 10:57

Colin Patterson related...

[toolsmoker] 12/4/2022 10:34

Same price action here like at .38 to 40 weak hands selling and the clever ones moping up .expect. 70 plus in the news few weeks a least but aiming for the 1.2p level

[linz22] 12/4/2022 10:10

All true, but the world's now a different place and, in this case, the oil and gas prices are hereafter only going in one direction, and it's not down.

[currypasty] 12/4/2022 09:52

"With regard to the GSA must be some hardball going on IMHO"

remember EME turned down potential offers for sugarloaf when oil price was very strong, then accepted much much lower offer after oil crashed.. deal done at very bottom of oil price cycle..

Lets hope conrad take advantage of the high gas price, but actually do a deal, before it falls away again

[nametrade] 12/4/2022 08:53

Pavey Ark..

So does Germany have coal and have cranked it right up recently… I would have a lot more sympathy for the climate maniacs if they actually have a viable plan… with the amounts of raw materials needed to be mined to produce these renewable energy systems and the energy conversion ratio involved it simply doesn’t work and is very possibly more damaging to the environment than HCs.. in my view..

[steelwatch] 11/4/2022 19:08

Not the first time I've had to ban him, though succumbed previously to pleadings on condition he stayed away from spamming on my threads. Just goes to show his word isn't his bond!

[pavey ark] 11/4/2022 18:42

I certainly have sympathy with some of his views but there is a time and place.

In the case of Coro I must be honest and admit it was the Italian gas that attracted me but I will certainly be very pleased if they can reduce the obviously high pollution levels in SE Asia.....then again Vietnam is fairly poor (for now) and they do have coal ???!!!!......hopefully we can help give them an alternative.

[blueblood] 11/4/2022 16:53

Hadn't you best go and glue your head to the live rail Al?

[hyper al] 11/4/2022 16:23

click the button in top left corner

[hyper al] 11/4/2022 15:46

The REALITY, think before you invest.



This is based on FACTs from the worlds leading scientists and approved by the Intergovernmental Panel on Climate Change.

[lazarus2010] 11/4/2022 15:45

Pavey, if they sell the lot I feel it will be a huge opportunity missed to take Coro onto another level completely, however a bird in the hand and all that one could understand why they may cash in.

Personally if the LNHs are going to get 20% on top of their 10% bond then I would prefer not to see an outright sale and we keep that 20% within the company. That could be worth 0.5p of itself!!

I think a reasonable balance would be sell 10% and keep 5% which should be more easily fundable from Italian revenues plus the cash received for the 10%.

bwtfdik.

GLE.

[buzzzzzzzz] 11/4/2022 15:42

Pavey

I agree we need to pay off our loan.

The reason the market does not get the value here is there are too many people like my broker he is telling me to sell at 0.006.

I told him 1.5p minimum.

[pavey ark] 11/4/2022 13:09

from the 3rd of March we have :-
"In the event of a sale of the Company's interest in the Duyung PSC..."

but today we have:-

"The Company will continue to actively pursue and support Conrad Asia Energy LTD, as the operator of the Duyung PSC, to pursue the sale of the Duyung PSC asset...."

If Conrad are going for a listing in Australia they will be looking for a hard value on Duyung.
I think they will go for a farm down arrangement and that would let Coro and possibly EME cash in their share.

With all that is going on and with such potential for more in SE Asia I strongly suspect that they will take the cash.

Another option would be to surrender some of their holding for a free carry or reduced development costs......less likely but possible.
At 15% their share of development costs would be c $40m.... a big ask.

A further option could be to raise cash against what is now their very valuable Italian assets.

My money is on an outright sale of their entire 15% at Duyung.

As usual "you pays your money you takes your chance"

[the donald] 11/4/2022 12:14

I agree. The debt was the issue as it was due. Great news and nothing should hold this back now.

[toolsmoker] 11/4/2022 11:46

How is this under .50 still .comical

[ride daice] 11/4/2022 11:37

Time for the clouds to open and the blue sky to break through.

[currypasty] 11/4/2022 11:31

Successful Completion of Debt Restructuring

Further to the announcement by the Company on 25 March 2022, Coro Energy Plc, the South East Asian energy company focused on leading the regional transition to a low carbon economy, is pleased to announce the approval of the proposals at the adjourned meeting of the holders of the first tranche (the "Tranche A Notes") of the Company's Luxembourg listed EUR 22.5m 5.0% secured notes (the "Notes") held earlier today (the "Adjourned Tranche A Noteholder Meeting"). Details of the Company's proposals for the restructuring (the "Proposals") were set out in the Company's announcement of 3 March 2022 and had previously been approved by the holders of the second tranche of the Notes.

[bskiny1] 11/4/2022 11:29

RNS...Approval

[buzzzzzzzz] 11/4/2022 10:08

None so blind as those who will not see!!!

[ride daice] 11/4/2022 09:42

I think the market has the blinkers on here.

[buzzzzzzzz] 11/4/2022 09:10

blueblood

I had forgotten that.