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
  0.00 0.0% 0.255 5,348,280 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.25 0.26 0.255 0.255 0.255
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -5.83 -0.73 5
Last Trade Time Trade Type Trade Size Trade Price Currency
09:51:15 O 1,000,000 0.25 GBX

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Date Time Title Posts
04/7/202209:24CORO ENERGY PLC - SOU32,672
30/6/202208:36Good newz191
24/6/202216:02CORO .... READY FOR LIFT OFF !!!!51
27/5/202107:16Coro Energy at the UK Investors Show2

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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 0.26p.
Coro Energy Plc has a 4 week average price of 0.25p and a 12 week average price of 0.25p.
The 1 year high share price is 0.51p while the 1 year low share price is currently 0.24p.
There are currently 2,124,035,967 shares in issue and the average daily traded volume is 9,882,184 shares. The market capitalisation of Coro Energy Plc is £5,416,291.72.
pavey ark: "It should also be noted that the interest payment is a real debt that has been paid (good!) but still it hands 230m share to people who have no real interest in CORO or the share price." Post 2661 My main concern is centred round the detail of the rescheduled bond repayment agreement. It would not be a good look if management did indeed leave the share price exposed to manipulation by the bondholders. I did point out (in some detail) that I could find no evidence of share selling/manipulation and that we would find out if share were subsequently issued. I also pointed out that if a large number of shares were issued I would buy more to avoid dilution of my holding.
pavey ark: Further perplexing thoughts this morning: If the evil bond villains are involved in a cunning plan to get cheap shares they are taking a risk at these levels as a sudden Duyung upgrade or a very positive note about Italian gas would boost the share price. On the other hand they may want to get all their shares off their books and simply have an investment that is independent of the Coro share price but let them have a loan that has very high asset backed value. This could even be simple market forces as any company with any sort of question mark over it is getting hammered. There may be other combinations in between all these. Toolsmoker ....I think it is time we had some indication from your man as to what is going on here....if he knows. Whatever is happening this SHOULD be a one time event IF Duyung's GSA is signed in the next three months. Edit: another point that is niggling is that these quarterly interest payments are only 2.5% of the total loan I am certainly not naive enough to think that people at this level in the financial world wouldn't do ANYTHING to turn an extra dollar but CORO is a client and they have entered into a loan agreement with them. We seem to be suggesting that Lombard are purposely manipulating Coro's share price down for their own commercial gain.....not impossible or even improbable but would it ever be worth it in terms of reputational damage. All will be made clear if/when shares are issued in lieu of interest payments and who gets them.
helpfull: Oh! How rude? Here's the problem. If Lombard Odier have sold 100,000,000 since 12 April 2022 because they are expecting to take up the option, post 12th July, to take their quarterly interest in shares, they would have £239,000 to replace 100,000,000 shares. If they wish to replace all of those shares they would need a share price of 0.24p. With all they know about the company and its prospects and assets do they think a share price of 0.24p is possible? Or do they not intend to replace the sold shares? But why sell the shares if the future is so rosy? I wonder what would happen if there is a cash raise? I wonder if they would get their 0.24p share price? Be careful.
helpfull: Oh! How rude? Here's the problem. If Lombard Odier has sold another 30,000,000 shares that brings the total shares sold to 96,625,000 since the debt restructuring plan was announced on 11 April 2022. The share price on that date was 0.49p. Today the share price is 0.35p. Lombard hold Tranche B of the loan notes with quarterly interest of €281,250 or £239,000. To get back 96,625,000 shares or their original holding a share price of about 0.25p is needed. Or the exercise is pointless. Why pay more for the same number of shares? It does not augur well for the 10 days prior to 12th July. "Noteholders will be provided with the ability, from 12 July 2022, to elect to receive Note interest payments in respect of the immediately preceding quarter in new ordinary Shares in the Company" And " Any new ordinary shares issued as a result of Elections will be issued at an effective issue price equal to the volume weighted average price of a Coro Energy ordinary share for the 10 Business Days before the relevant interest conversion date" Be careful.
lazarus2010: RESPONSE IN CAPITALS FOR CLARITY ONLY. Pavey Ark7 Jun '22 - 13:27 - 2455 of 2456 0 0 0 My link was to show the obvious background to the Italian gas potential. POTENTIAL IS GREAT, BUT A MEANINGFUL TIMELINE IS WHAT IS ACTUALLY NEEDED. NOTHING HAS HAPPENED IN 4 YEARS! My point is you seem to want any news possible to boost the share price . NOT ANY NEWS, NEWS WHICH OUGHT TO BE RELEASED UNDER RNS GUIDANCE The market valuation of the company ( the share price) is , as any CEO will tell you, outwith the remit/control of management. NOT NECESSARILY, HOWEVER IF INFORMATION IS WITHELD WHICH MIGHT BOOST THE SP, WOULD THAT NOT BE PREFERABLE THAN SEEING THE share price FALL AND THE COMPANY POSSIBLY FALLING TO A CHEAP BID? Indeed manipulation of the share price is an offence. IT IS NOT MANIPULATION TO RELEASE FACTS. IT COULD BE MANIPULATION TO WITHOLD IMPORTANT INFORMATION The value of the Italian assets should have been obvious to all serious investors here......ALIGN did spell it out when they said this was worth the entire market cap. HOW CAN THE VALUE OF AN ASSET WHICH HAS NOT PRODUCED FOR 4 YEARS BE OBVIOUS? WHY ARE THE MATERIAL FACTS REGARDING RESOURCES AND PRODUCTION NOT ON THEIR WEBSITE OR RELEASED WITHIN A FULL AND COMPREHENCSIVE UPDATE SAY 1/4LY? YOU MUST BE ONE AMAZING RESEARCHER PAVEY, IF YOU CAN WORK OUT ALL THE VALUATION METRICS FROM TINY SNIPPETS OF HISTORIC DATA!
pavey ark: My link was to show the obvious background to the Italian gas potentialMy point is you seem to want any news possible to boost the share price .The market valuation of the company ( the share price) is , as any CEO will tell you, outwith the remit/control of management.Indeed manipulation of the share price is an offence.The value of the Italian assets should have been obvious to all serious investors here......ALIGN did spell it out when they said this was worth the entire market cap.Now people want monthly production figure ....what everyone had for lunch and hourly weather updates......just to get the share price up.I want management to update when appropriate .......I can work the rest out for myself........and probably buy more.Has Duyung spilled over to Italy ?
lazarus2010: Zenith had high hopes when they were planning to buy Coro's Italian assets December 3, 2019 – TheNewswire – Calgary, AB - Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN); (TSXV:ZEE); (OSE:ZENA-ME), the international oil & gas production company, is delighted to announce that it has signed a share purchase agreement ("SPA") with AIM quoted Coro Energy Plc ("Coro") for the acquisition of Coro's entire natural gas production and exploration portfolio in Italy ("Acquisition"). Acquisition Highlights - The Acquisition will add material production to the Company's existing Italian operations, resulting in the creation of a significantly enlarged, revenue generating, low-risk production and exploration portfolio. - Coro's Italian portfolio consists of 100% working interests in four producing natural gas concessions: Sillaro, Rapagnano, Casa Tiberi and Bezzecca, as well as one production concession which is development ready, S. Alberto. Two exploration concessions, Laura and Santa Maria Goretti complete the portfolio. - The Acquisition will enable Zenith to increase gross production revenue in Italy by approximately 410% with an expected yearly gross revenue of approximately Euro3.6 million (equivalent to approximately GBP3.08 million; NOK36.5 million or CAD$5.3 million). - Zenith will become one of the largest natural gas production operators in Italy with a total cumulative production from its Italian portfolio of approximately 55,000 standard cubic meters per day ("scm/day") (approximately 322 barrels of oil equivalent "BOE" per day). - The Acquisition assets generated Euro1.53 million in revenue (equivalent to approximately GBP1.31 million; NOK15.575 million or CAD$2.26 million) in the first six months of 2019 at an average cumulative production rate of 40,000 scm/ day (approximately 234 BOE per day). - Independently assessed 2P reserves of 7.5 BCF as of January 1, 2018 (CGG Services (UK) Limited CPR - Reference No: BP512 - dated March 1, 2018). - Production is expected to reach 113,000 scm/day following the completion of a series of targeted interventions planned during the next 6-9 months for which all necessary approvals have already been obtained. - Consolidation of Italian portfolio will strengthen Zenith's credentials as a natural gas producer to support the acquisition of additional natural gas production assets in other regions, including Norway. - Enhancement of Italian operational team with the addition of highly experienced technical management fully familiar with the domestic Italian energy production environment and the potential future productivity to be achieved from the Acquisition concessions. - Zenith's significantly enhanced natural gas production activities in Italy are expected to give the Company increased relevance in the context of Italy-Azerbaijan natural gas industry cooperation in view of the imminent activation of the TAP (Trans Adriatic Pipeline). Zenith and Coro entered into a conditional share purchase agreement in respect of the purchase of the entire issued capital of Coro Europe Limited by Zenith on December 2, 2019. The consideration for the Acquisition is payable in common shares in Zenith and is divided into two parts. An initial GBP402,000 is payable at completion in common shares in the capital of Zenith ("Consideration Shares") at a price of GBP0.06 (equivalent to approximately NOK0.71 or CAD$0.10) per Consideration Share with a six-month hold period. The second part of the consideration, up to GBP3.5 million, is also payable in shares at the closing price of Zenith shares on the issue date plus 40 per cent. of such closing price only in the event that production of natural gas extracted and recovered from the Acquisition's Italian assets exceeds an average of 100,000 scm/day over a period of four successive months (equivalent to approximately 590 BOE per day).
helpfull: Oh! How rude? The successful debt restructuring was announced on 11 April 2022. On the same day Lombard sold down from 14.09% to 13.21%. The share price on 11 April 2022 was 0.49p. Today, 27 May 2022, Lombard are at a 10.87% holding. The share price is 0.345p. A 30% drop since they started selling. That represents 66,625,000 shares sold in under 2 months. Lombard still have 230,960,156 shares. Lombard will not want to buy back these shares at a higher price come 12 July 2022, if they should choose to do so. They want a lower share price. Be careful.
helpfull: Oh! How rude? "The main focus of irrational thought seems to be Duyung and a mad desire to keep it all" Is there dissension in the house? No, not between the madmen wanting to sell 30% of Duyung, buy out 25% of EME's 8.5% interest and top slice 40% of the £20,000,000+ debt. Is there dissension twixt Coro, Conrad and Eme? The stated aim of Coro Energy is to: "continue to actively pursue and support Conrad Asia Energy LTD, as the operator of the Duyung PSC, to pursue the sale of the Duyung PSC asset" So why in the corporate update yesterday was there no mention of pursuing the sale? Why was there only mention of potential costs and funding to FID? Are Coro not still trying to fulfil their side of the Debt restructuring agreement? I am sure they are. But what about Conrad? Do they want to be going through a sale of Duyung at the same time as trying to get the IPO off the ground? Or would they prefer Coro to back off? There are contradictions here. It might be noted that CIP Merchant have now been taken over and will delist from the market in early June. "CIP currently holds €4.05 million (principal amount) of the Tranche A Eurobonds issued by Coro in April 2019. In addition, CIP holds 150,684,929 ordinary shares in Coro (13 April 2022)" The Coro investment represents a sizeable portion of CIP. The new owner wants to realise more value from CIP and I think will want a quick sale of Duyung. There might be a second large holder offloading shares. Coro wants to pursue a sale of Duyung. It might be at odds with Conrad. It might have been told to calm down and follow the FID line. It is understandable why Lombard is unloading shares. And maybe CIP will soon follow. Be careful.
helpfull: Oh! How rude? Presentations. Peeps are supposed to buy the shares in the run up. Give the share price a nice fillip. The trouble is they are always an anticlimax. No news. And the share price falls back the following days. More of the same here. Except without the run-up in the share price. Be careful.
Coro Energy share price data is direct from the London Stock Exchange
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