CORO Intro by JM23 Apr 2018 15:26
James Menzies � Coro Energy, Bristol 18th April 2018
� JM introduced himself and made reference to how he grew Salamander from starting off in his kitchen table to being sold to Ophir. Was enthused about the people � James, Fiona etc
� Talked about the growing demand for gas in SE Asia and had a slide showing the estimated undiscovered volumes in the key countries.
� Countries like Indonesia will be importing gas rather than as current, exporting.
� Talked about a balance between appraising, commercialising and stepping out from known assets.
� Will not be deep water, shallow water is good.
� The �14M can get the company a long way and can look to bring in partners etc
� Some opportunities which could be very value accretive will take much longer to secure, >1 year, others much faster, matter of weeks or months.
� Looking at a range of things.
Special thanks to our Riddler for these notes.
Deepi