ADVFN Logo

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 discussion Register to chat with like-minded investors on our interactive forums.

CORO Coro Energy Plc

0.195
0.00 (0.00%)
28 Mar 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% 0.195 0.19 0.20 0.195 0.18 0.19 19,947,703 10:05:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Liquids 6.71M -4.12M -0.0014 -1.36 5.45M

Coro Energy PLC Update on development activities at Bezzecca (7612P)

31/05/2018 7:00am

UK Regulatory


Coro Energy (LSE:CORO)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Coro Energy Charts.

TIDMCORO

RNS Number : 7612P

Coro Energy PLC

31 May 2018

31 May 2018

Coro Energy Plc

("Coro" or the "Company")

Update on development activities for the Bezzecca gas field

Coro Energy, the Pan Euro Asian explorer and producer, is pleased to provide an update on its Italian development activities, including the Bezzecca gas field, located outside of Milan in northern Italy.

The Italian portfolio consists of four producing gas fields, namely Sillaro, Rapagnano, Casa Tiberi and Bezzecca. The Company is of the view that the Bezzecca gas field offers incremental production optionality which could enable the Company to further strengthen its Italian cashflows in support of its Asian growth strategy and objective to become an established mid-cap Asian oil & gas player.

Detailed planning for the Bezzecca-2 drilling programme is underway to exploit remaining proved and probable reserves in the field. In accordance with Italian regulations, the Company will be initiating the review process of the Bezzecca-2 programme with UNMIG, the technical office of the Department of Mining and Natural Resources. As envisaged by the latest Competent Persons Report, production from Bezzecca in 2018 is expected to be limited. Production has exceeded forecasts so far this year and is currently producing at circa 10,000 Mcf per day however it is unlikely that this field will provide a material contribution during the remainder of the year. The field may be shut in ahead of the planned further development drilling.

In the meantime the Company continues to focus its capital and management bandwidth on its strong South East Asian transaction opportunity funnel, where progress is expected shortly.

For further information please contact:

 
 
 Coro Energy Plc 
                                       j.menzies@coroenergyplc.com 
  James Menzies, Chief Executive 
  Officer                             s.edmonson@coroenergyplc.com 
 
  Sara Edmonson, Deputy Chief 
  Executive Officer 
 
 Grant Thornton UK LLP (Financial               Tel: +44 (0)20 383 
  and Nominated Adviser)                                      5100 
 
  Colin Aaronson 
 
  Jen Clarke 
 
  Harrison J Clarke 
 Turner Pope Investments (TPI)                 Tel: +44 (0)20 3621 
  Ltd (Broker)                                                4120 
 
  Ben Turner                                   info@turnerpope.com 
 
  James Pope 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDEAFSEDADPEAF

(END) Dow Jones Newswires

May 31, 2018 02:00 ET (06:00 GMT)

1 Year Coro Energy Chart

1 Year Coro Energy Chart

1 Month Coro Energy Chart

1 Month Coro Energy Chart

Your Recent History

Delayed Upgrade Clock