Coro Energy Share Discussion Threads

[mebo2] 14/11/2023 10:36

Everything Parson's touches goes south, I'd have thought he's made his money & exiting everything.

[helpfull] 14/11/2023 09:56

Oh! How rude?

Parsons steps down from his Chairman role at Echo Energy today.

Two down, two to go.

He'll is losing remuneration at Echo Energy and Corcel.

How will he make it up?

And who will pay for it?

Be careful.

[currypasty] 09/11/2023 14:10

(non event)

[10owen] 09/11/2023 09:42

Barony dont forget the potential deal by month end re financing activities with Capton to accelerate the Green Energy plans.That depending on the terms could be huge and a game changer.

[barony] 09/11/2023 08:56

No liability, cash in hand; cash to come from Italy; plus a huge wad from our 15%; plus a steady flow of profits from our green machines! I’ld love to see some projected p/l once the dust settles.

[lazarus2010] 08/11/2023 15:34

I guess another positive is that those debts have been cleared and the costs of future abandonment are also off the books!

[blueblood] 08/11/2023 14:01

Still another €2.5-€3.5m to come from working capital adjustment & 10% NRI

[man1] 08/11/2023 14:00

It's paid the board and kept us afloat...that's about it ....

[currypasty] 08/11/2023 13:51

"we get practically SFA"

isnt that always the case ?

[lazarus2010] 08/11/2023 13:42

Somehow the c.€7.5mln has become much less after payment of outstanding debts meaning that upon final completion we get practically SFA!! Or am I reading something wrong!?

[pavey ark] 08/11/2023 10:41

A nice clearing of the decks with the Italian sale.

All well reinstatement liability gone (several million)

€2m loan cleared.

€0.69m tax liability cleared.

Additional cash received €;0.81m (giving €3.3m so far)

c €1m- €2m working capital adjustment

€1.5m or 10% of profits over the next three years.

Balance sheet looks a lot cleaner .

[the sage] 08/11/2023 10:07

Italian assets sold, now let's sell Duyoung.

[firestarter1] 08/11/2023 09:40

The gsa been forgotten

[firestarter1] 08/11/2023 09:40

No one even ramping iy

[firestarter1] 08/11/2023 09:40

Not a single post on lse

[firestarter1] 08/11/2023 09:40

Where the buyerd

[blueblood] 08/11/2023 09:33

Good news with much more to follow in next couple of months now

[odillon] 04/11/2023 14:25

There were trades valued at about 50 pence yesterday. I think folk are just bored waiting for the news to arrive.

[jamesiebabie] 02/11/2023 09:50

hXXps://www.upstreamonline.com/field-development/-revised-view-of-costs-for-conrad-gas-field-project-offshore-indonesia/2-1-1544534

[10owen] 01/11/2023 08:14

Lots in play at the moment but which will complete first GSA/sale re Duyung sale of Italian assets or Capton Energy deal.Should be a very interesting and hopefully positive few weeks leading up to year end.Added a few more yesterday in anticipation of that happening.Gla.

[jason90] 31/10/2023 18:21

Well the gas price is linked to brent crude, and there's lots of fluctuations with that currently..

[currypasty] 31/10/2023 17:57

"The Duyung farm down process is ongoing, and with the announcement of the Term Sheet for the gas sales, more parties have expressed interest in the Mako project"

i wouldn't be surprised if Conrad go back to square one in the negotiating process

[jason90] 31/10/2023 17:43

Any calculated predictions on how high the share price can go once the GSA is signed and sealed?

Would we need to then wait for the FID for a further share rise?

How long after the finalised GSA do you think we would have to wait for the FID?

From reading the company updates, the FID shouldn't be much later than the GSA?

Been doing some calculations on the Mako Field and we are definitely talking big numbers here.. If the final figures are strong enough for Coro, then surely they will seriously consider a full exit and advance their renewables projects, after paying their loans and debts of course..

I can see all parties are aiming for the GSA finalisation by 31st Dec..

[rafboy] 31/10/2023 16:30

Digger-fair comment.