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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Coro Energy Plc | LSE:CORO | London | Ordinary Share | GB00BDCFP425 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.114 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Natural Gas Liquids | 6.71M | -4.12M | -0.0014 | -0.79 | 3.27M |
Date | Subject | Author | Discuss |
---|---|---|---|
25/1/2024 11:41 | As MD of renewables, does he have anything to do with Duyung? | ![]() barony | |
24/1/2024 16:06 | sounds like he is not expecting duyung cash any time soon | ![]() currypasty | |
24/1/2024 16:00 | Michael Carrington on funding: | steelwatch | |
24/1/2024 13:00 | positive article re coro/ EME by analist richard chambers on bb by pro investors coro might lift the gloom gla | ![]() mhfrancis | |
23/1/2024 15:44 | Mebo2, the latest Director video with Proactive Investors has now been published on the Coro Energy website under the 'Videos' Tab (Found under the Media Tab). | ![]() jason90 | |
23/1/2024 15:37 | There's an analyst on LinkedIn called Robert Chambers - Upstream/LNG/Energy Transition, Data/Software/Analys He has written the following: (This is an excerpt from the article published today) Indonesia - Maintaining momentum through 2024 Continuing momentum on major projects - Mako It was great to see the potential development of the Mako gas field on this list. The field sits in the Duyung PSC and is operated by Conrad Asia Energy. Back in May, Conrad started a farm-down process for the asset and my thoughts at the time can be found here: They are looking to reduce their 76.5% stake in the asset to 40-50%. The recent SKK Migas presentation states a target onstream date for the Mako field development of Q4 2025, we would need see things move very quickly from here for this to happen. To me, there are two major elements that need to be resolved for the project to progress to FID, with a third item having the potential to improve the attractiveness of the project: Third-party access to WNTS: the primary option for getting the gas to market would be through the West Natuna Transportation System (WNTS), operated by a consortium of companies led by MedcoEnergi. However, this seems to be causing some challenges to Conrad. It wouldn't take too much pressure from SKK Migas onto MedcoEnergi to get this moving. Gas Sales Agreement (GSA): in September 2023, it was announced that the Mako partners had singed signed non-binding key terms with Singapore's Sembcorp Gas for the first long-term gas sales agreement for the Mako gas field, with the price indexed to Brent crude prices. Conrad have stated that the hope to convert this into a binding GSA in Q1 of this year. Fiscal terms: there has been no indication from the project partners that they would like to change the fiscal terms for the project. However, given that the fiscal terms were converted to Gross Split in 2019 there may be some benefits to switching back to cost recovery, although this may slow the development. Given that this is a priority project for SKK Migas, I would hope that they can help to resolve the third-party access issues and facilitate with any other issues preventing the project from taking FID. For their part, Conrad have shown willingness to continue to invest in Indonesia by taking up two new blocks in the first bid round of 2022, but will need to see progress at Mako to continue doing so. | ![]() jason90 | |
23/1/2024 12:07 | Can't seem to find the link, I press on what's meant to be the link & nothing? | mebo2 | |
23/1/2024 07:14 | Jason90, thanks for that....a very good and informative video interview with Michael Carrington. | ![]() pavey ark | |
22/1/2024 15:47 | Director's Interview update from Michael Carrington on Proactive. Link in thread. | ![]() jason90 | |
22/1/2024 09:55 | Some more good news out today. Link in thread. | ![]() jason90 | |
21/1/2024 14:02 | Cant disagree with that Pavey. | ![]() 10owen | |
21/1/2024 13:41 | I know that most don't come close to appreciating the value in Coro's renewable project but I suspect that more than a few here do and are "singing from the same sheet" Further very positive news snippet: the new wind monitoring system , recently installed , could provide wind data for more than one site. This news is very significant as I have always thought that data collection accumulated a real cash value with each passing month.....a cash value on its own !! If you can't get bank lending without this 12 month data set then it becomes very valuable (time is money)....if the data can be applied to further potential sites it , rather obviously, becomes even more valuable. | ![]() pavey ark | |
19/1/2024 17:20 | https://x.com/coroen | ![]() man1 | |
19/1/2024 16:27 | Picture of the new mast on CORO Twitter.....I thought the 130m height was a misprint....it doesn't look like it was !!! | ![]() pavey ark | |
18/1/2024 17:57 | I'm sure the 375 mil was entwined on his last interview re Capton of potential future revenue stream... | ![]() man1 | |
18/1/2024 15:00 | jason90. I don't remember that but the renewables business they are setting up has the ability to generate very substantial revenue streams. This current Vietnamese programme is aimed at 50MW to 150 MW and their initial startup 3MW scheme generates $300k /year. Not exactly comparing like with like as this initial project was entirely funded by Coro and the 150 MW will be funded by bank borrowing and possibly Captor but it gives an idea of the potential. The large utility scale projects are 100 MW each and are expensive but it looks like the money is readily available. Again it is difficult to get a clear view of things until Duyung is sorted....one way or another. | ![]() pavey ark | |
18/1/2024 12:41 | Pavey, I remember seeing one of Michael Carrington's interviews last year stating that they are working towards building a renewables portfolio to generate £375 million revenue over a 25 year period.(£15 million/year revenue). Do you know much about this project, or does it relate to the current projects being discussed here? | ![]() jason90 | |
18/1/2024 09:00 | Amazed at zero trading so far today.Just like football managers are judged on instant results it seems shares well Coros anyway only advance with a today happening rather than strategic block building for the future. | ![]() 10owen | |
18/1/2024 08:49 | My take on this rather important announcement is that Coro have now secured an offer of funding for half the cost of the Mobile World deal and at the same time Capton are looking to buy into Coro's Vietnam solar business. Obviously this offer of finance from a Vietnamese bank (after six months of negotiations and due diligence being carried out)does underscore the viability and value of the business. 50% of this deal is c.$15m so we have a bank willing to lend $15m albeit on staged payments . Then at the same time we have Capton ....they've undoubtedly spent time and money and they are still here !!?? This deal can only make the Vietnam more important to Capton who as if by sheer chance are looking to invest in 50Mw of solar in Vietnam.....what are the odds !!? The 3MW bit looks a little strange but that is the business as it stands. I am certain that an outfit the size of Capton is not interested in buying into a 3MW scheme on its own......this is just a way of buying into Coro Vietnam and after today Coro Vietnam has become more valuable. | ![]() pavey ark | |
18/1/2024 08:07 | Am I seeing things or is that zero volume so far ? | ![]() njw2 | |
18/1/2024 07:39 | Good news guys.Gla. | ![]() 10owen | |
18/1/2024 07:32 | Wake up to good news guys.Gla. | ![]() 10owen |
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