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 Shares Traded Last Trade
  -0.03 -7.06% 0.395 19,958,346 14:32:15
Bid Price Offer Price High Price Low Price Open Price
0.39 0.40 0.4475 0.395 0.425
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.66 -10.20 -1.53 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:06 O 463,674 0.39 GBX

Coro Energy (CORO) Latest News (2)

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Coro Energy Investors    Coro Energy Takeover Rumours

Coro Energy (CORO) Discussions and Chat

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Coro Energy Daily Update: Coro Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CORO. The last closing price for Coro Energy was 0.43p.
Coro Energy Plc has a 4 week average price of 0.40p and a 12 week average price of 0.24p.
The 1 year high share price is 1.23p while the 1 year low share price is currently 0.24p.
There are currently 806,907,541 shares in issue and the average daily traded volume is 8,192,418 shares. The market capitalisation of Coro Energy Plc is £3,187,284.79.
wedgie74: So as long as the share price stays above 0.46p in three years time they can make more money, what a great return for us share holders
currypasty: best way mate.. ive had my accounts 10 - 15 years now, and you have to treat them with great repect as its easy to lose whole heaps of cash.. FYI, CORO is currently "Closing only: Market unavailable to open " so basically if you have an up bet open, you will need to ensure you have 100% to cover Friday, they will give you a bit longer then close you out anyway.. if you bought 2m coro in market at .6, that would be £12k you needed. If you bought 2m coro via spreadbet, depending on when you opened it, you may have only needed a quarter, ie £3k cash in your account. Spread bets roll automatically, each roll crystalised the profit/loss at that point, so you could have opened the bet and covered it with £3k, but going forward you will have to add another £9k into your account to cover the margin.. or close was that any use, or have I gone off on one ?
pecuniarum copia: RE: IG Index 100% Margin Requirements I've just read an article posted on the ORPH thread. httPs:// CORO on the list (pg.5 of PDF... KC.D.SRONLN CORO LN Coro Energy PLC) from ORPH thread... loafofbread 21 Feb '21 - 22:11 - 12544 of 12615 "They will confirm on Tuesday but it looks like you will need 100% margin by end of day Friday 26th, and then you have a further 30 days to close out your position." Can anyone confirm the 100% margin requirements? I am not an IG Index customer, and I do not spread bet. pc
blueblood: Yes Curry my numbers were pointing to asset value of c2.5-3p per share after debt repayment. Seemed to be bit rampy when share price was 0.25p but helped my buying decision!
currypasty: worth re looking at a post I did last year From the cenkos note in December.. "A key sensitivity to our valuation is the gas price, at US$8/mcf our valuation of Mako increases to US$31.1m or 4.7p/share (risked) or US$44.4m or 6.8p/share unrisked." If EME get in the region $31m - $44m for 8.5%, coro = $55m - $77m for 15% (or £40m - £55m) (debt due about £23m depending when pay off) net proceeds could be £17m - £32m current shares in issue is 806m = 2.1p to 4.0p pence per share so at current 0.63 its either a 3 bagger, or a SIX bagger providing Duyung is actually sold, and Cenkos are in the right ballpark Downside.. its not sold, and CORO have a £23m debt, with a £5m mcap company anyone else looked at the numbers ?
steelwatch: Quite right CURRY RE. #794 above, (or below with the phone app perhaps?). No change in number of shares held since May
grannyboy: EME share price is having a good run this week, on speculation that the sale of Duyung is getting closer to completion .. When is the share price going to start appreciating here is the question!!
helpfull: Noticed in the EME final results that there were no updates on the progress of the touted Duyung sale. EME sold about 6,000,000 Coro shares it received from the Coro but in to Duyung. Quite astute. I wonder why they had little faith in the long term future of the Coro share price?
steelwatch: CURRY - afaik, CORO were fully funded for the completed drilling program and still have some cash left over in the kitty to pursue low ball M&A deals. "As part of the deal to acquire its 15% interest in the PSC, Coro will be contributing $10.5 MM to the total cost of the drilling campaign and Coro is fully funded for both that as well as its residual 15% share of the programme costs." Last year, the annual results were announced 1st May, but no idea whether this year's release will be delayed or not due to corona virus lockdowns. As to payments outstanding, this was mentioned in the Interim Report: Bulu PSC restructured terms Post period under review, the Group announced a restructuring of the Bulu PSC acquisition terms, which most notably involved an amendment to the payment schedule of the cash consideration components to be paid to AWE Limited ("AWE"). Originally the Group had agreed to pay AWE a total sum of $8m ($1.04m in back costs and working capital adjustments and $6.96m in cash consideration) upon closing of the transaction. The Group has now agreed with AWE to pay the same quantum of cash but now phased over four instalments with the first being a sum of $2.5m payable on completion of the acquisition (which is pending, inter alia, approval for the transfer of the 42.5% working interest to Coro). The next instalment of $1.5m will be payable to AWE on 1 September 2020, with a further $2.5m payable on the earlier of: i) the Bulu PSC partners agreeing a final investment decision to proceed with the financing, development and construction of the project pursuant to the approved plan of development; or ii) 1 July 2021. The final instalment of $1.5m is payable on the sooner of: i) the date of commencement of commercial production from the Bulu PSC; or ii) 31 December 2022. Completion of the transaction remains conditional on, inter alia, JV partner pre-emption and regulatory government approvals prior to a long stop date of 2 December 2019. These amendments allow for additional time for regulatory approvals to be obtained as well as extending the payment schedule out to potentially first gas which strengthens the Group's balance sheet in the interim. I don't know what the drilling contract payment terms are as far as any outstanding liabitity remaining.
Coro Energy share price data is direct from the London Stock Exchange
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