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% 0.265 477,014 08:00:18
Bid Price Offer Price High Price Low Price Open Price
0.25 0.28 0.265 0.265 0.265
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.66 -10.20 -1.53 2
Last Trade Time Trade Type Trade Size Trade Price Currency
12:52:36 O 34,945 0.272 GBX

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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 0.27p.
Coro Energy Plc has a 4 week average price of 0.24p and a 12 week average price of 0.24p.
The 1 year high share price is 2.20p while the 1 year low share price is currently 0.24p.
There are currently 793,322,635 shares in issue and the average daily traded volume is 1,224,301 shares. The market capitalisation of Coro Energy Plc is £2,102,304.98.
digger2779: curry - don't think I'll get a reply to this " What is the point of this tweet? When is the debt due and how do you intend to pay it? Sale of Duyung dragging on and the share price has lost 93% of it's value in just over a year!! Please explain yourselves"
mrzippo: If they sell for $20 mill they will have a shortfall on debt repayment and assets in Italy which are a cost not a benefit. Equity value would be circa negative $7-$10 mill depending on how big a drain Italy is on cash flow. In that scenario share price is zero and the company would be bust.
10owen: Yes curry I am.The asset is too good for interested parties not to want in.Its also in emes and coros interest to sell as we all know.Conrad too may well want to monetise this now rather than develop it .The big question I think is how much bidders are prepared to pay .But even conservative estimates from some of our learned friends on eme would give both coro and eme a good chunk of money which make a mockery of both companies current share prices.
helpfull: There is no value in this share. The shutters have been put up. An investment of thousands of pounds has dwindled to hundreds. Couldn't get much lower could it? Don't be fooled. Even if Duyung was sold, and that is a very big if, any proceeds raised would be ring fenced to repay outstanding loans. The company has already signalled this by ousting the CEO and preserving cash to repay loan interest next March. That is what is the main interest of management is, not shareholder value. Oh and their remuneration of course. Cash is badly needed. The Italian assets couldn't be given away and remain with the company. It is a mistake to think because the share price has fallen so much, it cannot fall any further. There is no value here. Be careful.
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?
helpfull: Have you seen what has gone on at Ascent Resources? 4 RNSs in one day after the market has closed. A significant investor has been selling down their holding over three months,March, April and May, whilst AST had two cash raises at 5p and 2.75p. The share price there has fallen to 2.25p. Investors were not informed of the share sales until 3rd August. What has that to do with Coro? Well, Parsons and Dennan are in charge there too. It is interesting how they allow shareholders to be treated. Be careful. Coro is no more than a ghost ship, an unworthy investment. There are people who don't want you to know Coro shares have no value for the ordinary investor. It has fallen 95% in value and the next move is likely to be another downward movement. It is essentially a shell protecting the loan repayment and the loan repayment interest. There are some who would hide the truth. "Steelwatch" stops the ordinary person from posting on here with company bilge. He does the same on Echo Energy. Is he a company tool? The same happens on LSE. It is detrimental to the wealth of ordinary shareholders. When the truth is deliberately hidden it is time to bail.
helpfull: All those discontinued operations to be added back onto the results sheet. Would the losses for last year be $16,000,000 now rather than half that? Cash will be getting burned. Parsons and Dennan will be working like mad to steady the ship won't they? Or maybe not. Parsons only received $81,000 last year as a Coro BOD and had to take executive positions at RGM and AST to help his income stream. How much time can he give to Coro? What about Dennan? Well be is CEO at AST and needs to give that his full attention. Along with being a BOD at NUOG where he is working to find a RTO candidate to get the company out of suspension. How much will he be getting at Coro? $81,000 like Parsons? Or only $51,000 like Marco and Fiona? Do any care about Coro shareholders? Or is the loan interest payment next March and the loan repayment the main concern. Cash badly needed. Be careful.
rwells4474: Wed, 17th Jun 2020 18:10RNS Number : 2944QCoro Energy PLC17 June 2020 17 June 2020Coro Energy plc("Coro", or the "Company") Settlement Agreement Coro Energy, the Southeast Asian focused upstream oil and gas company, announces that, having received appropriate legal advice on legal action threatened against the Company, it has entered into a settlement agreement with James Menzies, the Company's former Chief Executive Officer, in connection with the termination of his service agreement announced on 2 April 2020 (the "Settlement Agreement"). Under the Settlement Agreement Mr. Menzies has agreed to waive all claims against the Company and will receive a cash termination/notice payment (inclusive of legal fees) of £132,000.The Settlement Agreement constitutes a related party transaction under the AIM Rules for Companies pursuant to Mr. Menzies directorship of the Company within the last 12 months. The directors of the Company consider, having consulted with the Company's nominated adviser, that the terms of the Settlement Agreement are fair and reasonable insofar as the Company's shareholders are concerned.For further information please contact:Coro Energy plcJames Parsons, Non-Executive Chairman Via Vig
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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