We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
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 Month Coro Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions