Coro Energy Share Discussion Threads

[currypasty] 08/7/2020 16:10

I personally would have thought a sale is the only way forward for coro.. how could they find more cash to develop? Already 10 times more debt than their mcap.. Time for them to come clean on the way forward

[blueblood] 08/7/2020 16:06

Let's get this asset sold and debt repaid. Plenty of good opportunities for cash rich companies following last 6 months.

[helpfull] 07/7/2020 12:51

The chance of any worthwhile sale of assets here is fast diminishing. A fire sale is fast approaching, achieving barely enough to repay the outstanding loan. The good ship Coro has lost its rudder with the demise of Menzies. A huge cash raise is required to get the share price ship shape.

[blueblood] 07/7/2020 11:47

With thanks to Safiande from EME board. Sounds promising especially the Q3 asset sale but!Upstream Online article earlier. Subscription service. Could refer to sub contract effort by specialist engineering houses related to the forthcoming "FID " i.e. full field development go ahead in Q4. Any sale of equity by the partners is likely to occur in Q3.

[blueblood] 03/7/2020 14:38

He didn't use to be this shy about spouting off to markets about his great prospects. Maybe for once he really has got something to talk about but is keeping it zipped. Negotiations don't need some junior partner spouting out in the media....

[digger2779] 03/7/2020 13:19

Pity Parsons didn't get the boot instead. He features in quite a few lifestyle companies that just stagnate. Hopefully different here as the sale of jewel in the crown should propel the share price despite him.

[currypasty] 03/7/2020 12:48

Now Menzies left, the newsflow has stopped.. he was good at interviews / press / updates.. hope the directors left can give something... its like being in the secret service here and eme

[10owen] 03/7/2020 12:41

I agree with you Bluebood these are due a significant re rating with the sale of the Indo.stake.As you have pointed out before there should be enough cash left over after the sale and debt repayment to pick up a distressed asset caused in no small part by the Covid 19 outbreak.We have seen these fly before at the slightest hint of good news and I expect they will be doing so again very soon.Gla.

[ride daice] 03/7/2020 12:11

The Plane !!! The Plane !!!

[blueblood] 03/7/2020 11:48

Bit better last few days. Into Q3 and sale of Duyung moving closer. Anything like suggested figures and could 10 bag here!

[steelwatch] 26/6/2020 13:24

There is an existing FDP which will be revised in light of the resource upgrade:

"The development plan for the Mako gas field (the POD), originally submitted in August 2018 and re-submitted under the gross split regime in January 2019, was approved by Indonesia’s Ministry of Energy and Mineral Resources (MEMR) in February 2019"

[blueblood] 26/6/2020 11:26

GSA should be signed off in Q3 before sale or field development plan in Q4. Only way we could stay in is farm down to say 10% for free carry and still leave us with c100bcf.

[currypasty] 25/6/2020 11:30

In their last interview, they were talking about field development.. investors obviously don't like the idea

[digger2779] 25/6/2020 11:16

AGM RNS out. Nothing to see there then apart from passed. The silence is deafening. It makes no sense as Duyung isn't even priced in.

[stewart4990] 25/6/2020 08:00

They have 15% of Duyung so why is the share price so low, it doesn't add up, I decided not to sell mine as so low anyway.

[digger2779] 24/6/2020 12:25

AGM update will read "All motions have been passed and have now been flushed away along with any value to private investors. The board however will continue to struggle along on reduced salaries and look forward to clawing back the deferred amounts in time for our summer holidays"

[blueblood] 24/6/2020 11:55

AGM tomorrow at 10. Hope they provide update!

[blueblood] 22/6/2020 16:21

The BoD aren't exactly helping either with their complete silence!

[blueblood] 22/6/2020 16:08

Get Duyung sold and debt repaid and start again with cash in bank!

[digger2779] 19/6/2020 10:22

All well and good blueblood but the market usually knows and we are always the last to know.

[blueblood] 19/6/2020 09:41

Just a reminder of what we have got:-https://www.oedigital.com/news/478783-conrad-mako-discovery-one-of-largest-ever-in-west-natuna-basinWell worth a read and love the line:-With the latest upgrade, Mako has been shown to be one of the largest gas fields ever discovered in West Natuna Basin, and is currently by far the largest undeveloped resource in the immediate area," Conrad said Tuesday.#10bagger

[blueblood] 19/6/2020 08:54

Hoping for update by AGM next Thursday

[tomboyb] 19/6/2020 08:44

Punted a few on this -

Almost breakeven -

[currypasty] 18/6/2020 17:16

its a mystery blueblood.. Is there something in the woodwork we are not privy too?