Coro Energy Share Discussion Threads

[helpfull] 21/9/2023 17:15

Oh! How rude?

FWIW

hxxps://markets.businessinsider.com/news/stocks/stable-gas-supply-and-lower-volatility-factors-bolster-buy-rating-for-sembcorp-industries-1032646574

Be careful.

[blueblood] 21/9/2023 17:00

Was a load of.....

[bengal1] 21/9/2023 08:58

Tumbling back to 0.25 level

[lazarus2010] 21/9/2023 08:56

Thought we were on our way up!?

[currypasty] 20/9/2023 12:26

CRD directors as good as EME at negotiating skills, and informing market of 'progress'

[digger2779] 20/9/2023 12:24

CRD going down and we have been doing the opposite for now!

[lazarus2010] 20/9/2023 10:26

CRD - good buy or goodbye?

[bengal1] 20/9/2023 08:09

Conrad heading down... Why?

[starzerus] 19/9/2023 13:16

Zacs Traders Cafe

Coro (CORO): Take 2 for a sustained push through 0.4p, while above former 0.28p resistance, 50 and 200 day line both rising to add +ve momentum. #CORO

[rafboy] 19/9/2023 12:38

Bit perky today.

[helpfull] 16/9/2023 12:26

Oh! How rude?

A tale of two inverse head and shoulders:


free stock charts from uk.advfn.com


The first, A, has been breached to the upside and has a target of 0.385p. A golden cross is now in play. The first for a long time.

The second, B, is in the process of forming and any breach of 0.325-0.33p would indicate a target of about 0.5p.

A bit of fun, but remember Parsons, Spreadex, Lombard and Brokerman Dan are involved here. And Novum as well.

Be careful.

[begorrah88] 14/9/2023 14:23

Also see 'any day now' as said by Tom Kelly in October 2021 regarding the signing of the GSA.

[nametrade] 14/9/2023 12:47

Yep Toon is right...your wrong Laz....imminently ..for EME and CORO means years...check back through the RNSs ...you will then understand :)

[thetoonarmy2] 14/9/2023 12:10

Yes Your Wrong.

[pavey ark] 14/9/2023 10:59

This from over four months ago and I must admit it surprised me at the time:

"Conrad has engaged a global investment bank with a proven track record in similar transactions to lead a farm-down process for the divestment of a portion of its interest in the Duyung Production Sharing Contract. The Operator advises bids are expected to be received during the second quarter and the industry response to date has been encouraging. Coro, which holds a 15.0% interest in the Duyung PSC, may participate pro rata in the farm-down process as various drag and tag along clauses exist in the Joint Operating Agreement. Coro may also entertain a full exit, depending on the terms offered."

We are now told that this is "imminent".....hmmm?

I can only assume that " the operator of the Duyung PSC has signed the non-binding Term Sheet with Sembcorp Gas Pte. Ltd. for a long-term gas sales agreement for the Mako gas field."....is a bit more than "non-binding".

Google did say the "non-binding" bit can be misleading in these cases.

If this agreement isn't "strong" then any sale/farm-out agreement would be so full of caveats that it would be meaningless.

We will see.....imminently ??

[lazarus2010] 14/9/2023 08:41

Coro's Q3 Investor Update...Operator farm out process
concluding imminently.

I can't see how JP can put out such a statement. To me imminently means within days, not months.

Assuming that the potential buyers have received all the technical data and the only thing outstanding is the signed GSA, and we have only just had confirmation of the HoT, with forecasts for the GSA to be completed in Q3 (2 weeks to end of Q3) then final bidding by potential buyers, then negotiations and then final contract signing...we will be lucky to squeeze that all in before the end of Q4, so I can't see how the farm out process can be concluded imminently!!

I hope I am wrong and some how we see a deal reached in the first 1-2 weeks of October!!

aimho dyor

[barony] 13/9/2023 19:56

Pathetic reaction to good news here and for eme

[currypasty] 13/9/2023 15:39

5m just at .285 could be a buy

[bengal1] 13/9/2023 15:30

MMs just about to drop price.

[bungeetrader] 13/9/2023 09:53

I do like the bit about the gas sales price being linked to Brent. Looking forward to the next few weeks!

[lazarus2010] 13/9/2023 09:17

I don't think anybody expected this price reaction either here or at EME!!

I get the feeling that the jump in the share price was the MMs playing games, might have been a lot of shorts in play which got stopped out when they pushed the share price to 0.4p. Word on the street is that MMs weren't doing any deals at those prices, so the trades were probably lined up already somehow.

Also re the HoT, after such a long negotiating process, clearly SKKMigas have been playing hard ball, so they must have got a very good deal to finally agree the HoT. All looks good for the eventual sale prices...I hope!!

aimho dyor niai

[lazarus2010] 12/9/2023 16:08

blue - link?