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Looks like EoA has been joined by a number of his pump & dump mates. Real investors beware!
Balochistan news is due, especially as Naheed Memom was chosen to become Part of the Coro Energy crisis Board member!!
https://www.guerillainvesting.co.uk/2022/12/11/balochistan-the-last-great-onshore-oil-gas-mineral-resource-play-on-the-planet-coro-energy-buy/
Duyung PSC Update
Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio notes the publication of the quarterly report of Conrad Asia Energy Ltd ("Conrad"), operator of the Mako gas field within the Duyung PSC ("Mako") in which it provides the following update on the Mako gas field development.
· The Operator advises that negotiation of key terms of the Mako gas sales agreement between a Singaporean buyer and the Indonesian regulator (SKKMigas) are expected to be finalised during the second quarter, with Mako being a key strategic gas asset for both countries.
· The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported from the basin by pipeline to Singapore.
· Conrad has engaged a global investment bank with a proven track record in similar transactions to lead a farm-down process for the divestment of a portion of its interest in the Duyung Production Sharing Contract. The Operator advises bids are expected to be received during the second quarter and the industry response to date has been encouraging. Coro, which holds a 15.0% interest in the Duyung PSC, may participate pro rata in the farm-down process as various drag and tag along clauses exist in the Joint Operating Agreement. Coro may also entertain a full exit, depending on the terms offered.
There is no doubt that Coro Energy are in negotiations re O&G licences in Balochistan. At what point those negotiations are at isn’t known. What is known is that Coro must have physically been in Balochistan/****stan and held high level ministerial meetings as well as meetings with virtually all the main ****stani O&G companies, if it hadn’t have happened it wouldn’t be reported in over 10 different ****stan Newspapers/Journals… Just because it’s written in Urdu doesn’t make it any less valid. It’s happening.
https://www.guerillainvesting.co.uk/2022/12/11/balochistan-the-last-great-onshore-oil-gas-mineral-resource-play-on-the-planet-coro-energy-buy/
Now lets get down to the UK Privateer Coro Energy pantomime: “O yes they are. O no they’re not in negotiations”, currently doing the rounds on the BBs, Twitter, and Financial Forums. Are we to believe anonymous posters or do we believe sourced articles circulating in ****stan/Balochistan as well as UK’s Upstream Online?
Occam’s Razor: If it walks like a duck, quacks like a duck, looks like a duck, it’s a duck. There is no doubt that Coro Energy are in negotiations re O&G licences in Balochistan. At what point those negotiations are at isn’t known. What is known is that Coro must have physically been in Balochistan/****stan and held high level ministerial meetings as well as meetings with virtually all the main ****stani O&G companies, if it hadn’t have happened it wouldn’t be reported in over 10 different ****stan Newspapers/Journals… Just because it’s written in Urdu doesn’t make it any less valid. It’s happening.
The article in Upstream writes that Coro are seeking Joint Ventures one of them is purported to be a 100Million barrel of oil with 850Bcf of gas ‘stranded asset’. If that is even half correct the financial implications of such a tie up would catapult the Coro SP into multiples of multiples. We’re talking literally billions of dollars in production. The kicker is, subject to Due Diligence, a stranded asset has already been discovered.
https://www.guerillainvesting.co.uk/2023/03/28/exclusive-coro-energy-confirmed-jv-talks-on-stranded-1-1trillion-gas-asset-in-baluchistan/
EXCLUSIVE! CORO ENERGY CONFIRMED; JV TALKS ON ‘STRANDED’ 1.1TRILLION GAS ASSET! IN BALOCHISTAN! (BUY)
BY DAN LEVI · 28 MARCH, 2023
It was rumoured 2/3 months ago that Coro Energy: (LON: CORO) could be in talks regarding oil/gas plays in Baluchistan, as a matter of fact that was reported in the Urdu Press. For some strange reason investors/traders, because they couldn’t translate it, never quite realised the huge significance.
Having just got back from a 2 week ‘expedition’ to Gilgit Baltistan, Islamabad, KPK and Balochistan, regarding mining opportunities, I made a point of engaging with contacts on the Coro situation, as well as putting some leg work in, organising licence visits to Baluchistan and KPK provinces, and wouldn’t you know it low and behold out pops an article confirming that Coro are indeed in negotiations. https://epaper.brecorder.com/
Sometimes fate can be cruel….. The cost of running around on the Asian continent & Dubai for 2 weeks set me back £7K….
Nevertheless it’s now confirmed. There are many stranded assets in Balochistan, one of the biggest is the Zin gas discovery, Zin was drilled in 1954, located in Balochistan and it’s this, as well as others that Coro are thought to be interested in. It’s owned by the State Major OGDCL. 1 Trillion cubic feet of gas is the equivalent 166 Million barrels of oil. It’s huge. And coincidentally it’s one of the licences I managed to sneak onto…. There are a myriad of O&G seepages throughout these Blocks. This isn’t a question of finding the oil/gas it’s been found. It’s a question of logistics and as our guide said; “if it can be drilled in 1954 it can now be accessed and brought into production in 2023/24, especially now that the CPEC Highway and billions of dollars of infrastructure have been built, post 1954.”
It’s a company maker, which is why Coro have enlisted Naheed Memon in their strategy. She is currently involved in the Government of ****stan’s Ministry of Energy (Petroleum Division). She plays a proactive role in the development of this sector in ****stan. Naheed is a significant figure in the ****stan/Balochistan energy sector. Her resume is impressive…..
Any company that manages to land a 25% interest in a proven 166 million barrels of oil equivalent stranded asset is one that investors should seriously take notice off..
Coro is a buy.
Viva
https://www.brecorder.com/news/40233833
Sounds like negotiations should be soon closed !
London-listed CORO Energy seeks O&G JVs
Recorder Report Published March 28, 2023
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ISLAMABAD: London- listed CORO Energy is seeking O&G joint venture opportunities in ****stan. Coro Energy has entered negotiations with several ****stani O&G majors, including the Oil and Gas Regulatory Authority (Ogra) regarding a stranded gas asset in Balochistan as well as a local partnership with Islamabad-based OKTA Petroleum.
Adjustment of foreign exchange losses: Serious flaws in Ogra policy pointed out
CORO Executive Chairman James Parson heads a group of four London-listed O&G companies Corcel Plc; Ascent Resources Plc; and Echo Energy Plc. He was the former CEO of Sound Energy and a Royal Dutch Shell senior manager.
Copyright Business Recorder, 2023
Totally the wrong country :)
Expect this to rally by end of the month...may even be 0.40p dependent on news flow
Heading sub-0.2s. ria20 known P&Der who sold our earlier.
Are CORO listed in the US? That's the only way buying would increase when their markets open.
nearly crossed 150, 000,000 .....expect we may close in 0.30's later this afternoon
after US Market opens .......... expect we are getting ready to climb the next wave upwards very soon
On the leaderboard now .....massive volume for today ....expect an afternoon rally
-50P I THINK
these were above 50p a year ago...so very cheap don't you think?
on the leaderboard....hold on to your hats.....looking very strong
did mention this few weeks ago
welcome rise
every little helps
crossed 100 million.....very strong buys ...23p taken out expect we should rally past 0.25p very soon
building ...looking very strong now
ready to break out
now....expect we may even get past 0.30p later today