Sound Energy Share Price (SOU)

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Share Name Share Symbol Market Type Share ISIN Share Description
Sound Energy Plc LSE:SOU London Ordinary Share GB00B90XFF12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.65 591,986 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.60 1.70 1.65 1.65 1.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -18.82 -1.54 24
Last Trade Time Trade Type Trade Size Trade Price Currency
15:59:34 O 7,411 1.64 GBX
Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Sound Energy (SOU) Latest News

Sound Energy News

Date Time Source Headline
18/6/202112:00UKREGSound Energy PLC Arrangements for Annual General Meeting
14/6/202110:41ALNCSound Energy boosts Morocco interest with Schlumberger deal
14/6/202107:00UKREGSound Energy PLC Acquisition of Additional Eastern Morocco Interest
01/6/202114:02ALNCSound Energy shares tumble on Moroccan tax reassessment
01/6/202114:00UKREGSound Energy PLC Price Monitoring Extension
01/6/202111:05UKREGSound Energy PLC Second Price Monitoring Extn
01/6/202111:00UKREGSound Energy PLC Price Monitoring Extension
01/6/202109:05UKREGSound Energy PLC Second Price Monitoring Extn
01/6/202109:00UKREGSound Energy PLC Price Monitoring Extension
01/6/202107:00UKREGSound Energy PLC Update re Notice from Moroccan Tax Authorities
More Sound Energy News
Sound Energy Investors    Sound Energy Takeover Rumours

Sound Energy (SOU) Discussions and Chat

Sound Energy Forums and Chat

Date Time Title Posts
18/6/202113:39SOUND ENERGY PLC ►►►Focussed on the Mediterranean Area15,596
08/6/202123:34I BOUGHT SOUND ENERGY TODAY SO UNDERVALUED87
25/3/202116:18James Parsons619
03/9/202010:00Badile drilling issues?49
23/6/201915:39James Parsons 97

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Sound Energy (SOU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:59:351.647,411121.54O
14:23:171.7076,0001,292.00O
14:22:461.65299,6924,935.93O
14:20:511.654,87080.11O
13:44:061.6599916.45O
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Sound Energy (SOU) Top Chat Posts

DateSubject
22/6/2021
09:20		Sound Energy Daily Update: Sound Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SOU. The last closing price for Sound Energy was 1.65p.
Sound Energy Plc has a 4 week average price of 1.40p and a 12 week average price of 1.40p.
The 1 year high share price is 4.60p while the 1 year low share price is currently 1.11p.
There are currently 1,467,420,837 shares in issue and the average daily traded volume is 3,576,034 shares. The market capitalisation of Sound Energy Plc is £24,212,443.81.
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14/6/2021
13:17		napoleon 14th: "Sound Energy PLC, up 5.1% at 1.52p, says it has agreed to buy Schlumberger Silk Route Services Ltd. The acquisition will boost its participating interests in the Anoual and Greater Tendrara exploration permits in eastern Morocco by 27.5% to 75%." OK, but for how much? I guess that means Schlumberger have written off their spend on the Tendara project. Their participation was one of the main reasons I was in on SOU, but if - BIG IF - any further gas is found then SOU get 75% of the cash, not 27.5% I suppose that means a far higher return on TE5 once that is in production? Also, it indicates that the gov't tax claim situation is not a major worry for SOU. Some + points, but at what price???
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29/4/2021
08:34		b33661: Global nat gas prices are up over 300% since May last year, with European gas trading over €20/MWh. European gas stocks are at multiyear lows, demand is high on cold weather, with no seasonal injection happening yet, another bullish driver. None of this is yet reflected in SOU share price, makes the economics even more compelling. As soon as next news hits it'll be too late to buy. Those smart ones hoovered up Sou when it was trading 1.20-1.40, same now ahead of the next leg up in May to over 4p. It's a strong buy for me.
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30/3/2021
07:33		johncasey: Sound Energy PLC Publication of Bond Restructuring Proposals 30/03/2021 7:00am UK Regulatory (RNS & others) Sound Energy (LSE:SOU) Intraday Stock Chart Tuesday 30 March 2021 Click Here for more Sound Energy Charts. TIDMSOU RNS Number : 8777T Sound Energy PLC 30 March 2021 30 March 2021 Sound Energy plc ("Sound Energy" or the "Company") Publication of Bond Restructuring Proposals Sound Energy, the Moroccan focused upstream gas company , announces that it has today published a Consent Solicitation Memorandum containing details of its proposal (the "Proposal") in respect of a restructuring of the Company's Luxembourg listed EUR 28.8m 5.0% senior secured notes due 2021 (the "Notes") and that a meeting of the holders of the Notes (the "Noteholders") has been convened to consider the Proposal for 10:00 a.m. on Wednesday 14 April 2021 (the "Noteholder Meeting"). Pursuant to the Proposal, the Company is seeking the consent of the Noteholders to: -- Amend the maturity date of the Notes from 21 June 2021 to 21 December 2027; -- Partially amortize the outstanding principal amount of the Notes, at a rate of 5% every six months, commencing on 21 December 2023; -- Convert of EUR 3 ,479,999 of the Notes, pro rata across Noteholders, into a total of 141,176,448 new ordinary shares in the Company, issued at a conversion price of 2.125 pence per new ordinary share, half of these conversion shares to be subject to three month lock-in and half to a six month lock-in; -- Amend the interest rate payment structure that the Notes shall bear until maturity from 5% per annum to 2% cash paid per annum (the "Cash Interest") and 3% deferred interest per annum to be paid at redemption (the "Deferred Interest") for the period commencing on 21 June 2021; and -- In addition to the Company's existing redemption rights, provide the Company with the right, at any time until 21 December 2024, to redeem the Notes in full for 70% of the principal value then outstanding together with any Cash Interest accrued and 100% of the Deferred Interest then accrued at the date of redemption. As part of the Proposal, the Company is also proposing to issue to the Noteholders 99,999,936 warrants to subscribe for new ordinary shares in the Company at an exercise price of 2.75 pence per ordinary share (the "Warrants"). The Warrants will be exercisable from the date of issuance until 21 December 2027. The Warrants will be listed and admitted for trading on the Luxembourg Stock Exchange. A copy of the Consent Solicitation Memorandum today sent to Noteholders is available on the Company's website at www.soundenergyplc.com .
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25/3/2021
19:40		wedgie74: Found this on the James Parsons thread trying to find out why the big move north in share price Anyone seen this over on FB Sou page ??Liquefied gas in Tendrara: for $ 25 million, Italfluid will operate the site.The announcement is now official. Italfluid Geoenergy will be responsible for the design, construction, commissioning, and operation and maintenance of a liquefied natural gas (LNG) plant. The Italian company will work for the English group Sound Energy and will be accompanied by the Moroccan consulting firm Sinmarco.$ 25 million: This is the investment set for the construction and operation of a liquefied gas (LNG) production unit in Tendrara, Figuig province.The realization of this unit, learns Le3gram0 from informed sources, has been entrusted by the English group Sound Energy, holder of the Tendrara Reservoir Licence, according to the Hydrocarbon Code, to the Italian company Italfluid.According to sources contacted by the media, Sinmarco consulting firm, which is headed by Ahmed Fouad El Filali, has been chosen to accompany the realization of this project.The project entrusted to the Italians will be funded by US Bank Exim Bank, Italian Simest and other Moroccan banks.Sinmarco will have to provide legal, tax and financial assistance throughout the project and operation of the LNG production unit.The project is planned for 18 months and the gas production unit itself will be five years.
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25/3/2021
14:38		johncasey: Anyone seen this over on FB Sou page ?? Liquefied gas in Tendrara: for $ 25 million, Italfluid will operate the site. The announcement is now official. Italfluid Geoenergy will be responsible for the design, construction, commissioning, and operation and maintenance of a liquefied natural gas (LNG) plant. The Italian company will work for the English group Sound Energy and will be accompanied by the Moroccan consulting firm Sinmarco. $ 25 million: This is the investment set for the construction and operation of a liquefied gas (LNG) production unit in Tendrara, Figuig province. The realization of this unit, learns Le3gram0 from informed sources, has been entrusted by the English group Sound Energy, holder of the Tendrara Reservoir Licence, according to the Hydrocarbon Code, to the Italian company Italfluid. According to sources contacted by the media, Sinmarco consulting firm, which is headed by Ahmed Fouad El Filali, has been chosen to accompany the realization of this project. The project entrusted to the Italians will be funded by US Bank Exim Bank, Italian Simest and other Moroccan banks. Sinmarco will have to provide legal, tax and financial assistance throughout the project and operation of the LNG production unit. The project is planned for 18 months and the gas production unit itself will be five years. Liquefied gas in Tendrara: for $ 25 million, Italfluid will operate the site. The announcement is now official. Italfluid Geoenergy will be responsible for the design, construction, commissioning, and operation and maintenance of a liquefied natural gas (LNG) plant. The Italian company will work for the English group Sound Energy and will be accompanied by the Moroccan consulting firm Sinmarco. $ 25 million: This is the investment set for the construction and operation of a liquefied gas (LNG) production unit in Tendrara, Figuig province. The realization of this unit, learns Le3gram0 from informed sources, has been entrusted by the English group Sound Energy, holder of the Tendrara Reservoir Licence, according to the Hydrocarbon Code, to the Italian company Italfluid. According to sources contacted by the media, Sinmarco consulting firm, which is headed by Ahmed Fouad El Filali, has been chosen to accompany the realization of this project. The project entrusted to the Italians will be funded by US Bank Exim Bank, Italian Simest and other Moroccan banks. Sinmarco will have to provide legal, tax and financial assistance throughout the project and operation of the LNG production unit. The project is planned for 18 months and the gas production unit itself will be five years.
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26/1/2021
10:20		steelwatch: Domestic demand in Morocco sets stage for micro LNG Appealing fiscal terms and a desire to tackle emissions has made Morocco an attractive destination for investment. by Ed Reed 25/01/2021, 7:38 pm Appealing fiscal terms and a desire to tackle emissions has made Morocco an attractive destination for investment. The country is under explored and typically under the radar for most investors. Sound Energy, though, has found gas and is working to tie this up to the latent domestic demand. “There’s strong commercial demand in country for natural gas,” Sound’s COO Mohammed Seghiri said. The local market relies on higher polluting fuels such as petroleum coke. “The state has a clear long-term policy to move away from those resources. Switching to gas is much less polluting,” Seghiri continued. If that gas is domestically produced, all the better for the country. Gas, alongside investment in renewables, is the “only way” for Morocco to reduce a large part of its power that comes from coal. “The first step is to get rid of coal in new power generation units.” Sound has discovered 650 billion cubic feet (18.4 billion cubic metres) of gas at TE-5 Horst, in eastern Morocco. Initially, the company had planned to focus on a 120-km pipeline link to the transnational Gazoduc Maghreb Europe (GME) pipeline . Subsequently, though, it has expanded into a micro LNG (mLNG) plan, which would involve gas being trucked to consumers, such as factories. “It’s a virtual pipeline,” said Seghiri, “but we’re still keen to connect to the GME. Micro LNG is becoming more and more common. It’s happening in South America and Canada.” Those receiving the gas are familiar with LPG deliveries through a similar technique. “It’s just a new form of buying fuel at a cheaper price,” Sound Energy’s executive chairman Graham Lyon said. The chairman noted he had been involved in another mLNG project in Kazakhstan. The mLNG concept is straightforward. Installing a pipeline to move the gas 800-900 km to market would be an expensive proposition that would be hard to justify for such small volumes. Devolved distribution Delivery of LNG-by-truck will be straightforward, Lyon said. “We’re not in the downstream business. Our midstream partner will take the gas from us and deliver it on a truck that comes equipped with regasification capability. It’s standard technology.” Partnering in this way allows Sound to continue its upstream focus. “We don’t want to have a drag in distribution. This is a first field that we’re unlocking and there are other fields in the basin. There’s huge exploration upside that we want to focus on, rather than seeking market share in the downstream,” Seghiri said. Challenges thrown up by 2020 have had an impact on the company’s plans. “Contracts go a lot faster when you’re in the same room as your counterparty. Travel problems have added around 25% to the time for these discussions,” Lyon said. Sound finished last year on a “mini high”, he continued. The company has lined up Italfluid Geoenergy to build the mLNG plant. The two sides agreed to try and reach a final contract by March 31. Sound will rent the facilities from Italfluid, assuming a final investment decision (FID) is reached on the first phase development. “We’ve got a good line of sight on the FID to get mLNG going. There’s a couple more contracts to flesh out but we intend to take FID in 2021. That will see Sound transition from pure exploration to development and then into production,” Lyon said. https://www.energyvoice.com/oilandgas/africa/ep-africa/293746/sound-energy-morocco-gas/
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04/7/2020
19:00		noirua: Sound Energy PLC SOU Https://www.soundenergyplc.com/ Investor Presentation: Https://www.soundenergyplc.com/media/1642/se-ip-q2-2020-v1.pdf Directors: Https://www.soundenergyplc.com/about-us/the-team/ Asset Overview: Https://www.soundenergyplc.com/our-portfolio/asset-overview/morocco/ Tendrara - Https://www.soundenergyplc.com/our-portfolio/webcam-site-operations/tendrara-vr/ Tendrara seismic: Https://www.soundenergyplc.com/our-portfolio/seismic-programme-summary/ Sound Energy PLC - Twitter - https://twitter.com/search?q=sound%20energy%20plc&src=typed_query https://twitter.com/soundenergyplc 13 May 2020 - Reform Team https://vimeo.com/418060414 https://twitter.com/soundenergyplc/status/1260597912498774017 26 May 2020 - Graham Lyon Executive Chairman, Sound Energy PLC., talks to Doc - Https://total-market-solutions.com/2020/05/26/sound-energy-plc/ 37 minutes long. 29 June 2020 - Shares leapt in Sound Energy PLC on Monday as it entered exclusivity discussions with a Moroccan conglomerate for the sale of liquefied natural gas from Sound's TE-5 Horst gas development in the Tendrara concession, onshore Morocco. Https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=3&vw=story&SecurityToken=0P00007Z3D%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007Z3D&ClientFund=0&CurrencyId=BAS&story=AN_1593425370993820900 1 July 2020 - Sound Energy Says Tendara Talks Continuing; Adds New Director Https://www.morningstar.co.uk/uk/news/AN_1593600682569319300/sound-energy-says-tendara-talks-continuing%3B-adds-new-director.aspx Https://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007Z3D&LanguageId=en-GB&SecurityToken=0P00007Z3D]3]0]E0WWE$$ALL ------ Marco Fumagalli - Https://www.marketscreener.com/business-leaders/Marco-Fumagalli-05YCKS-E/biography/ He is on the Board of Directors at Coro Energy Plc, Echo Energy Plc, Sound Energy Plc, Cip Management SA, Ecommerce Outsourcing SRL, Ivy Merchant Capital Ltd., JTC Group Ltd., Merchant Capital Gp Ltd., P101 Sgr SpA, Protea Capital SA, CIP Merchant Capital Ltd. and Merchant Capital Manager Ltd. Https://www.bloomberg.com/profile/person/7493593
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15/3/2020
11:38		brookemia: Another Parsons Success Story🤥ԍ54;🐷🤦;‍♂️;💰 partridge Posts: 1,921 Price: 0.0375 No Opinion Be wary of what is put in front of youSat 10:40 https://investegate.co.uk/ascent-resources-plc--ast-/rns/fundraising-update-and-total-voting-rights/202003131741141775G/quote Read the RNS. It has significance for Nuog shareholders. Mr Parsons is struggling to raise placing cash at Ascent Resources. Ascent, like Nuog, is a bombed out oily. Mr Parsons is a director of C4 Energy, the company ruling the roost, or should I say holding the debt, at Nuog. The two new people at Nuog are shareholders in C4 Energy. The same MO will be used at both companies. Raise cash from placing and sell the shares onto mug punters. That's OK as long as the share price is above the placing price. Ascent shareholders have not rushed in to buy. The share price is below the placing price. Get the picture? The placing faltering. Cash is hard to raise. The shares at Ascent have no true value. The same applies to Nuog. Share price below the two recent cash raises. A lack of appetite from placees. Even after yesterdays pump and dump when the doctor was called in. Let the good doctor keep his own medicine. The hype was about disguising the sale of 150,000,000 shares in the morning. Perhaps someone was asked to partake in the next cash raise and didn't like the odds? People want to sell large share holdings and skeddadle. Smell the coffee. The jumpers are going to try very hard to raise the share price. To do that they need to relieve you of your money. Do not let them. Do not be a mug punter.
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24/2/2020
20:29		brookemia: gulagescapee Posts: 73 Price: 2.625 No Opinion coro BBToday 13:59 this from a top poster "patridge" on Coro BB but very relevant here. If the majority of PI's in companies with any links to Parsons think he is a low down scum bag out to line his own pockets and those of his little gang then well.......me I couldn't possibly comment lol " The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue". Why would the initial consideration be settled by the issue of shares at 6p when the share price was about 2p? How is that beneficial to shareholders of Coro? Why is the deferred consideration linked to the Zenith share price? And why is the payment at a 40% premium? How is that beneficial to Coro shareholders? If the production target is not met is there no deferred consideration paid? If the production target is not met do Zenith get the Italian portfolio for 6.7 million shares valued at 6p. Zenith shares are 1.4p today. There was also a 6 month lock in so Coro cannot sell. Is this a good deal? Don't worry. The head of Coro Italy has got a new position. He has gone to Ascent Resources with Mr Parsons. Is Mr Parsons chairman of Coro? I know he is director of C4 Energy. Mr Denham, the Coro CFO, is a shareholder in C4 Energy. He was parachuted into Nuog by C4 Energy. The broker at Nuog is Novum Securities. One of the brokers at Zenith is Novum Securites. Charles Brook Partridge is named at the bottom of the Zenith RNS as one of the partners in Novum. In recent weeks he bought 3% of Nuog shares. Two others did the same. The shares spiked. Charles sold his shares two days later. One of the people buying 3% Nuog shares was Mike Staten. He has a 6%+ stake in RGM. Mr Parsons is executive chairman at RGM in his C4 Energy capacity. RGM have a stake in Curzon. Recently C4 Energy bought the outstanding corporate debt in Curzon. It is a tangled web. Meanwhile, Coro has no assets. It has cash. But it also has £4,000,000 of administration cost a year. Everyone is highly paid and rewarded with options. Why? It is little more than a shell. It can find no place for its cash. No one wants it. Well, at least not in return for tangible assets.
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02/2/2020
20:31		brookemia: HUR JOG UKOG BPC LEK BOIL RBD PANR PXOG CORO SOU ECHO AAOG ZEN BLOE Posted: 02 Feb 2020 03:37 AM PST It’s been a busy week. Hurricane Energy (HUR) issued a trading and operational update and addressed the recent share price weakness, confirming that they are not aware of any subsurface, operational or commercial reasons that would have caused such decline. HUR was in the mid-40s a couple of months ago and now it's more than halved to 21p. Generally, I think that with these type of companies, the best profits are to be had in the exploration/appraisal phase; many tend to plateau or decline once the development/production stage is reached. Also operating in the North Sea, Jersey Oil & Gas (JOG) announced the acquisition of Equinor's 70% interest in Licence P2170. Payment terms are $3 million upon sanctioning by the Oil & Gas Authority of the Field Development Plan, $5 million upon first oil and an undisclosed royalty. This increases total 2C discovered resources across the Greater Buchan Area to 142 million barrels of oil equivalent net to JOG. They will be launching a farm-out process to attract partners, unfortunately the market doesn't appear to be hugely impressed with their news. Back onshore, UK Oil & Gas (UKOG) announced that they are bringing HH-1 into production during Spring 2020, followed by HH-2z upon completion of the current extended well test. This will enable recoverable reserves to be allocated to the project, a key first step to help access debt-based funding. HH-2z water shut-off intervention is to proceed in February. In relation to Loxley-1, the planning application will be heard by Surrey County Council at the end of February and, if approved, the Company plans to commence drilling in the winter of 2020/21. Can they generate enough new investor interest to offset selling by the convertible loan note holders is the issue here. With the largest upcoming drill net to its interest, Bahamas Petroleum Company (BPC) announced its "Roadmap to Drilling" resulting in some market excitement. Drilling is expected to commence in April 2020 targeting P50 recoverable prospective resources of 0.77 billion barrels of oil, with an upside of 1.44 billion barrels. It's not actually financed yet though. I discuss all this further in the private blog and, if you're interested in subscribing to that, the link is hxxps://www.oilnewslondon.com/oilman-jim Moving on, Lekoil (LEK) announced that its Otakikpo field is currently producing 2,122 barrels of oil per day net to LEK's subsidiary, LOGL. Their expansion project has the potential to increase production on the field up to 8,000 barrels of oil per day net to LOGL, although the subsidiary also carries a term loan debt of $19.2 million at LIBOR + a rather large 10%. The big play at LEK is OPL 310, in respect of which $2 million has to be paid on or before 20 March 2020, $7.6 million has to be paid on or before 2 May 2020 and evidence of their ability to fund 42.86% of the costs and expenses for drilling the first OPL 310 appraisal well has to be provided by July 2020. A financing is certainly coming up and I doubt it will just be debt this time. Baron Oil (BOIL) returned from suspension; its reverse take over of SundaGas has been terminated. They still have an entitlement to an effective 25% interest in the Chuditch Petroleum Sharing Contract, offshore Timor-Leste, providing they reimburse their $500,000 share of costs before 26 April 2020. Perhaps of more immediate interest, an experienced local operator with onshore drilling capability has expressed a desire to drill their Peru block, farming-in by contributing a substantial portion of the costs in return for equity in the block. Drilling this well would be a relatively low-cost operation, estimated at $1.4 million (gross) with two independent reservoir targets which would offer shareholders drilling activity during 2020 and the potential for significant additional value on discovery. They also have a 15% share of the Corallian prospects, but apart from Reabold Resources (RBD) rabbiting on about a huge discovery, I think everyone else accepts that Colter is dead. Currently, I wouldn't pay too much attention to the talk about the Inner Moray Firth licences either. With £346,000 cash as of 31 December 2019, a fundraising clearly now is imminent. Pantheon Resources (PANR), has been issuing some strong announcements, to no end unfortunately since their shares currently are suspended for failing to file their accounts on time. They announced a report the previous week confirming a contingent resource of 76.5 million barrels of recoverable oil and say that their farm-out process remains underway with a number of groups having entered the data room and with a number of others having expressed interest in entering the data room in the future. It doesn’t really sound that promising actually. Of more relevance to investors perhaps, following receipt of the contingent resource statement, which their auditors insisted upon, they’re “targetingR21; publication of the financial results and hope to return to trading this month. This week, they're touting their own management estimates that the new acreage they picked up in the December lease sale could contain in excess of 1 billion barrels of oil in place. It all seems a bit of a waste of time with their shares suspended. For some reason, I find it very hard to take this company seriously. Prospex Oil & Gas (PXOG) announced a placing of 600,000,000 shares at 0.12p to raise £720,000. Two years ago the share price was nearly 0.8p, so you can see the value destruction that has gone on here. Latest wheeze is an old Spanish gas to power project, which sounds quite interesting, until you see that the original "vendors retained the right to 16% of future revenue derived from any further commercial discoveries." That's a 16% royalty on gross production, which is quite something compared to the royalty paid to the actual owner of the gas, the Kingdom of Spain, which is just 3%. PXOG is yet another unfocussed company jumping from here to there and never likely to generate operating profits exceeding administration expenses allowing an actual return to shareholders. I’ve warned about this one and other similar companies before. As investments, they are pointless really. Kind of like burning your money. In the same category, Coro Energy (CORO) announced the termination of the Bulu PSC acquisition. They say it's due to a change in strategy, but I guess that change was forced upon them since they could not raise the finance needed. CORO is one "person" in James Parson's self styled "holy trinity," the others being Sound Energy (SOU) and Echo Energy (ECHO). With credibility now shattered and the share prices collapsed, unless they've already forward sold the shares at a higher price, only an idiot would invest any money. I’ve warned about all three of them constantly.
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