Coro Energy Share Discussion Threads

[insideascent] 05/5/2020 22:56

10 mill is over 1% of shares in issue. A move over 3% has to be disclosed. A 1% move for a large holder needs to be disclosed. If no TR1 is issued in next day or so (ie no disclosure) then this is simply a large holder churning. Think its probably Lombard buying back shares they put out to try and get traction with retail punters. The pump & dump failed.

[blueblood] 05/5/2020 17:25

Where are they getting the shares from? Don't think 10m have been sold down here.

[currypasty] 05/5/2020 16:55

10 mil buy.. punt?

[blueblood] 04/5/2020 17:09

Thanks to JemJemMalcy. Just out. Empyrean Energy I had the opportunity to chat to Tom Kelly this morning, there is plenty going on at Empyrean and of course Coro shareholders also have an interest in the Mako gas field. With regard to the most important event coming up, the updated CPR from GCA, much has been going on in the background. With the COVID virus around it was thought that the access by GCA technicians might be difficult or denied but fortunately the operator Conrad has been able to present all the required data to them and accordingly the CPR should be available before long. With some sounding doubts about gas prices in the Far East, Tom was at pains to remind me that pipeline quality methane has a premium to LNG which is encouraging for EME.

[blueblood] 30/4/2020 16:24

Bloody ridiculous should be up above 0.5p on recent buying!

[insideascent] 30/4/2020 16:18

Yep you are correct - 95 mil since last Thursday which is c. 12.5 percent.Yet no-one gone over/under 3% nor any large shareholder moved one percent? Conclusion still stands, one of the larger shareholders is churning.

[steelwatch] 30/4/2020 15:49

Actually, that's nearly an eighth of shares in issue.

edit: c. 14.6 million traded today up to trade No. 31 according to advfn, so that's about a 55th!

[insideascent] 30/4/2020 15:39

Christ, 95 mill shares through the market & share price reaction = zeroThats nearly a quarter of the shares in issue. How come no TR1s? One of the big shareholders is churning....why?

[laptop15] 30/4/2020 11:34

https://twitter.com/laptop1515/status/1255805730889891843

[laptop15] 30/4/2020 11:32

https://twitter.com/laptop1515/status/1255806987167838208?s=19

[blueblood] 30/4/2020 11:28

Where are they getting shares from at this level? $4.5m in bank and Duyung sale in few months so no confetti placing on its way! Way oversold and gas not oil play in very good market area.

[blueblood] 30/4/2020 09:27

Few nice buys early doors today

[blueblood] 29/4/2020 17:11

Should have been up today but mm games. Can't be much stock around at these levels!

[laptop15] 29/4/2020 16:49

Guess we should get the reserves confirmation in May? Not long to go now I'm happy to wait and then cash in :))

[blueblood] 29/4/2020 13:55

Great value here for potential multi bagger on Duyung sale after G&C reserves confirmation

[laptop15] 29/4/2020 08:30

https://twitter.com/laptop1515/status/1255398526114283523?s=19Should go.much higher soon

[currypasty] 29/4/2020 08:19

progress still continuing on Duyung

from eme rns

"Duyung PSC, Indonesia

Further to the announcement on 14 April 2020 regarding the upgrade of internal resource estimates for the Mako gas field, which forms part of the Duyung PSC in the West Natuna basin, offshore Indonesia (the "Mako Gas Field"), the Company is pleased to report that further significant progress has been made with the operator of the project, Conrad Petroleum Limited ("Conrad"), successfully being able to present all aspects of the project to Gaffney Cline and Associates ("GCA"). This progress has been achieved in spite of the challenges presented by travel restrictions and other COVID-19 related measures. The Company anticipates that there are now no major impediments to GCA being able to complete its update of resources for the Mako Gas Field over the coming weeks. Empyrean will provide a summary of the GCA findings in due course when the report becomes available.

[laptop15] 28/4/2020 14:45

https://twitter.com/laptop1515/status/1255129872592105476?s=19

[laptop15] 28/4/2020 14:26

https://twitter.com/laptop1515/status/1255125414399311873ABOUT TO POP

[blueblood] 28/4/2020 14:00

Where they getting these shares from at all time lows???

[blueblood] 28/4/2020 13:48

Good buying should move up soon

[blueblood] 28/4/2020 13:24

Bought a few back too cheap!

[laptop15] 28/4/2020 13:14

https://twitter.com/laptop1515/status/1255107204853764096I'm buying down here wild be rude not too, cashed up for a good while with a decent asset and the chance of another deal being made. Well worth a punt down here

[digger2779] 28/4/2020 12:42

Lets hope the CPR stirs some positive interest here and at EME.

[currypasty] 28/4/2020 12:36

Market cap today is £2.8 m

going back to Cenkos numbers, at the bottom of the gas price/sale price the proceeds will just about cover the debt and interest

however at the better gas/ sale price of Duyung, the debt could be paid off, and have around £20 mil cash, which means a seven bagger from here..

bit like toss of a coin I suppose