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on the leaderboard now...mm's are going to have to let go very soon
Why don't they include any numbers in there to actually highlight the worth to Coro?
From EME RNS....
The competent person's report commissioned as part of Conrad's IPO late last year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to US$266m net to Empyrean).
So that equivalent to $470.5 million net to Coro!!
now on the leaderboard
now.......buying pressure building
the leaderboard now....
WOW....great RNS......Rerating due 0.40p
2 May 2023
Coro Energy Plc
("Coro" or the "Company")
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.
5m buy just before close
I have been accumulating here. Despite the lack of interest at present I believe the sentiment can change quickly, as fundamentally Coro, should not be trading this low.
she talks the talk very well, like all these floating around in the 'green' world,
answers and results are eagerly awaited
She. Achieved nothing over there
14 April 2023
Coro Energy Plc
("Coro" or the "Company")
Non-Executive Director Appointment
Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio is pleased to announce that, further to the Company's announcement of 6 March 2023, Naheed Memon has been appointed as an independent non-executive director of the Company with immediate effect.
James Parsons, Coro's Chairman, commented:
"I am delighted to welcome Naheed to the Board and look forward to her contribution across the business, including our regional business development
Big news due out of Balochistan, its been a while.
join the dots....... Orcp CEO joined CORO
Wonder why..... She's well connected with the Pak istani government.
Lost trust in Parsons along time ago.
Is James Parsons trying to become the new Richard Poulden?
One thing is the synergies with...
https://www.lse.co.uk/rns/AST/strategic-partnership-equity-issue-tvr-ue3anr6i2k6jc97.html
https://www.lse.co.uk/rns/CRCL/cornerstone-investor-equity-placing-jdycmalq1r5kwww.html
Same CEO puts out the same RNS to two of his companies. Come on! Get a grip!
One thing is the synergies with today’s announcement from orcp about developing a solar business in ****stan .
Wonder if any deals to be done with our solar business now she is on board here.
Earl... we have similar investments. I have coro, live,mossman, UK, and tower as well.
She has had no success in aim businesses though
Is there anything she can’t do??
Naheed has had a long and illustrious career spanning public service and private sector. Naheed is currently a member of the Prime Minister of ****stan’s Committee on Coal Development, a part of the Government of ****stan’s Ministry of Energy (Petroleum Division), which is focussed on the potential role for indigenous coal in ****stan’s development of the mining industry. She plays a proactive role in the development of this sector in ****stan. Naheed has also served as the Chairman of the Sindh Board of Investment, Government of Sindh, for a number of years. In this position which was that of a provincial minister, she played a pivotal role in setting up SEZs, mobilising CPEC projects in multiple sectors, coordinating closely between Chinese and ****stani counterparts, arranging FDI in multiple sectors in the province, facilitating investment in innovation, and improving the World Bank’s Doing Business Ranking as the province’s focal person.
Naheed is a Director in her family-owned conglomerate, the Kings Group of Industries, ****stan, and has overseen its extensive growth and diversification. She was previously the founder CEO of Advicia Consulting Limited, a consulting practice, she set up in London servicing international trade bodies, as well as large industrial clients in the oil and gas sector. Naheed has also worked in Private Banking for Merrill Lynch, managing a multimillion book for clients in the MENA region. She has also been the CEO of Manzil ****stan, a public policy think tank in Karachi working in a cross section of sectors, advocating for economic growth through informed policy.
Naheed is also an adjunct faculty of Economics and Strategy at ****stan s largest public sector business school, IBA, Karachi. She also sits as an independent director on the board of public sector companies in ****stan.
Virtually everything I read by this chap goes places MHC, BKY, ECHO and Zen for example.
Nice article ...thank you....could be worth topping up at this price too
why was Naheed Memom appointed on Friday?
EXCLUSIVE! CORO ENERGY CONFIRMED; JV TALKS ON ‘STRANDED’ 1.1TRILLION GAS ASSET! IN BALOCHISTAN! (BUY)
BY DAN LEVI · 28 MARCH, 2023
https://www.guerillainvesting.co.uk/2023/03/28/exclusive-coro-energy-confirmed-jv-talks-on-stranded-1-1trillion-gas-asset-in-baluchistan/
Thanks for sharing and would love that to be correct! However, the recent investor event would have been the launch platform if I know JP, so I do not believe there is truth in the rumours,but very happy to be wrong