ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CORO Coro Energy Plc

0.114
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
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 3.15M
Coro Energy Plc is listed in the Natural Gas Liquids sector of the London Stock Exchange with ticker CORO. The last closing price for Coro Energy was 0.11p. Over the last year, Coro Energy shares have traded in a share price range of 0.114p to 0.425p.

Coro Energy currently has 2,866,858,784 shares in issue. The market capitalisation of Coro Energy is £3.15 million. Coro Energy has a price to earnings ratio (PE ratio) of -0.79.

Coro Energy Share Discussion Threads

Showing 8076 to 8096 of 8250 messages
Chat Pages: 330  329  328  327  326  325  324  323  322  321  320  319  Older
DateSubjectAuthorDiscuss
11/4/2024
09:53
few buys shown today.. bit risky unless you know the outcome of the debt situation.. due next week ?
currypasty
08/4/2024
14:48
Someone keen to get out before any announcement about the debt renegotiations gets announced.I'd like to think it is just someone getting nervous about not having heard anything yet but my gut tells me it's probably people who know what's coming.
begorrah88
05/4/2024
16:57
That individual Robert Finney's current stake is worth about £180k. Hope he doesn't decide to dump them any time soon.
digger2779
29/3/2024
09:00
Conrad, Coro and EME really should all be on the same page by now.
jason90
28/3/2024
22:39
SW - I think it likely that we are generally in agreement, but rowing in the same direction in different kayaks.

I would like to see all three companies producing tables with the same numbers, so that shareholders are properly advised. At the moment there is anomaly which is significant.

I would also like to see a timeline showing when Conrad received the updated reserves and resource figures from GCA.

Conrad cannot have produced the first report of 1 July 2023 based on GCA figures provided in the next month, unless there was time travel.

Perhaps both EME and Coro have mistakenly referred to a 1 July Report that does not exist? it is feasible that they have dates wrong as well as data.

odillon
28/3/2024
18:05
Odillon, then we must agree to differ.
steelwatch
28/3/2024
17:48
The Coro RNS states;

"In its announcement, the Operator provided an update in respect of, inter alia, Mako Gas Field reserves and resources as of 31 December 2023 following receipt by the Operator of an updated reserves and resources report (the "Update Report") prepared by Gaffney, Cline & Associates (Consultants) Pte Ltd ("GCA") in which GCA has updated its assessment of resources for current expectations of Final Investment Decision and production commencement delay. The Update Report follows an earlier 1st July 2022 GCA reserves and resource report."

I believe that the 26 August report may be something other than a "reserves and resources" report

odillon
28/3/2024
17:28
There may well be multiple reports from GCA at various dates, but the key issues at the moment are that Coro and EME have released RNS's with conflicting figures and that information that on the face of it was available (to Conrad at least) in December was not released until almost three months later
odillon
28/3/2024
16:11
GCA compiled their updated report from figures provided to them "as of". I think you'll come to see these reports take a while after receipt of data to compile.

From Conrad's website, they indicate the earlier report is dated:

"1) Competent Person’s Report (CPR) for Duyung by Gaffney, Cline & Associates (GaffneyCline) 26 August 2022. Resources attributable to Conrad are based on Conrad's participating interest of 76.5% in the Duyung PSC."

In the former case, nearly 2 months after 1 July.

About halfway down:

steelwatch
28/3/2024
15:05
Hi Steelwatch. I am working from the Coro RNS and the EME RNS of today. Both referred in tables to two reports one on 1 July 2022 and an update dated 31 December 2023.

Both make various downward resource estimates. I have just noticed they have different figures. For example where EME say the high case from the 31 December report is 425 and 3.8 per cent down from 1 July 2022 Coro say it is 591 and 24.1 percent down.

Perhaps it is down from 591 to 425. But I think that would be 28 per cent.

Whatever the correct figures I think you may be right that Coro and EME only leaned of then today. Which may explain why mistakes have been made in the rush to get the information out.

odillon
28/3/2024
13:34
Not dated 31 December. From today's EME RNS:

"In its Annual Report, Conrad also provided an update in respect of, inter alia, Mako Gas Field reserves and resources as of 31 December 2023 following of an updated reserves and resources report (the "Update Report") prepared by Gaffney, Cline & Associates (Consultants) Pte Ltd ("GCA") in which GCA has updated its assessment of resources for current expectations of Final Investment Decision and production commencement delay."

Conrad's Annual Report was announced yesterday at 09:37 Australian time. Allowing for 11hrs time difference, would have come after hours UK time, so this morning's announcements from both CORO and EME came at the earliest opportunity.

steelwatch
28/3/2024
13:32
Odillon28 Mar '24 - 12:12 - 5266 of 5266

I was thinking the same about the report. Can't see an announcement for it over at CRD website or the ASX. Surely it was price sensitive and needed to be disclosed especially when they got a placing completed 2/2/24!
Also noticed the gross resources quoted by Coro today are at odds with the gross resources quoted by Eme.
The most glaring difference is the 3c data, Coro resources state 591 with a 24.1% drop
whereas Eme state 425 with a 3.8% drop.
I've dropped CRD a line to see if they can clarify what's going on but I'm not holding my breath.

digger2779
28/3/2024
12:12
The new estimated resource report is dated 31 December. Why has that information been held back for 3 months?

Perhaps Conrad did not share this information with Coro until today?

Also who is responsible for installing the pipeline, that is a condition of the deal announced today going ahead?

odillon
28/3/2024
07:59
I'd be inclined to think that reduction is a fundamental reason that someone has been selling a lot for the past month or so as it will impact on debt renegotiations & I very much doubt the data has only just become available.
begorrah88
28/3/2024
07:56
Have they been trying to sell a % for the last 6 months+ only to have the potential asset reduced?
begorrah88
28/3/2024
07:53
Granny, it's probably because they now have to sort out deferring the debt again.
showme01
28/3/2024
07:42
I don't know about anyone else but those CORO RNS's comes across as cold with a slight tinge of animosity ?!!
grannyboy
28/3/2024
07:11
Beggorah, I am surprised that Conrad's share price didn't move but there have been so many false dawns. This time though, there is a date. Before May 31st 2024 in line with their previous Q2 2024 time line. Then there is this ' The remainder of the Mako sales gas volumes will be sold to Singapore where a term sheet was signed in 3Q 20232 and Conrad is moving towards finalising a GSA over the coming months.
These Key Terms are an important step towards the Mako development final investment decision (“FID”) planned by midyear 2024. '

showme01
28/3/2024
07:06
Another 'milestone' - how many more milestones must there be?

The announcement had no impact at all for Conrad.

I wish they would lay out how many more milestones there are before a GSA

The CORO RNS is very low key

begorrah88
28/3/2024
00:00
Just got this email 😍😍😍

Mako Gas Sale Key Terms Signed with PGN

Highlights

Conrad Asia Energy Ltd (ASX: CRD) (the “Company”; or “Conrad”), an ASX-listed Asia-focused natural gas exploration and development company, is pleased to announce that it has entered into binding Key Terms for the sale and purchase of the domestic portion of Mako gas (“Key Terms”) with PT Perusahaan Gas Negara Tbk (“PGN”), the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia. Under these binding Key Terms, Conrad and PGN will agree in good faith and sign a fully termed Gas Sales Agreement for the domestic portion of the gas produced from the Mako field (“GSA”) located in the Duyung Production Sharing Contract (“PSC”) in the West Natuna Sea, offshore Indonesia.
On 27 March 2024, Conrad and PGN entered into binding Key Terms thereby committing to agree and to sign a GSA for the domestic portion of the gas produced from the Mako field.
Under the Key Terms, the parties will conclude negotiations for and agree in good faith a GSA that will include and be based upon the Key Terms. The parties shall endeavor to sign such GSA by no later than 31 May 2024.
This GSA will be subject to the construction of the pipeline connecting the West Natuna Transportation System (“WNTS”) with the domestic gas market in Batam. It forms part of Conrad’s Domestic Market Obligation (“DMO”) as set out in the Mako’s revised Plan of Development (“POD”). The sales volumes under this GSA will represent approximately 29.5% of Mako sales gas volumes until the PSC expires in January 2037.
The remainder of the Mako sales gas volumes will be sold to Singapore where a term sheet was signed in 3Q 20232 and Conrad is moving towards finalising a GSA over the coming months.
These Key Terms are an important step towards the Mako development final investment decision (“FID”) planned by midyear 2024.

Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented: Conrad has been working closely with PGN for the commercialisation of Mako gas. These Key Terms are a very important milestone paving the way for a fully termed gas sales agreement and brings the company a step closer to the FID for the Mako development. This agreement, combined with Conrad’s recent signing of a Memorandum of Understanding for its Aceh gas resources also with PGN, will further advance the Government of Indonesia’s ambition to meet the fast-growing energy needs of the country.

digger2779
21/3/2024
13:54
Yes we are very undervalued.
rafboy
Chat Pages: 330  329  328  327  326  325  324  323  322  321  320  319  Older

Your Recent History

Delayed Upgrade Clock