Member Info for Deepi

I do try to keep on with trivial questions direct with James, here is another quote from James:

"Hi James,

Another thing which is bugging me is if we sell the company in the morning will it be sold at the current sp? I am still on modes to establish the value to shareholders.

Afternoon Deepi.
We can’t comment on the sale price if we sell the company / portfolio. For sure it will depend on the results of TE10 and 11!
James"

In answer to the sp range 50p - 150p is purely my speculative view, of course the range could be much higher. Here's hoping!!

Deepi

I did mean TE10

: ---))

Deepi

Hey IfonlyIhad,

this is quote from James to mancave a few months back. Hope it helps. There is no doubt the company will be sold. Just everyones and the billion dollar question of how much for?!!! A easy 50p sell and a speculative 150p if TE11 is a commercial superstar!!

"Hello XXXXXX
The sequencing now is de-mobilise the rig, make a decision re stimulation, secure the testing (and stimulation) equipment from outside Morocco, mobilise it all then proceed. So far we have guided February testing. I would like to stimulate at the same time (rather than leave a prospective buyer to extrapolate scientifically which is quite possible but nothing better than the actual rates) but we are yet to formalise the decision.

Ground works for TE11 will be after the test. The prize on TE10 is huge and I want this done carefully.

No change re our strategy to drill then sell. I expect to be here through to the sale.
James"

Deepi

Hi ericnat17,

Yes I will be attending both the CORO meeting and the SOU pints next week, and yes I do remember, at the time I think Will Holland and Mary and Sarah were there.

Anyhow, will be great to catchup with you and many others again next week.

Deepi

agreed

enjoy the day bud

Morning,

Had a quick chat with Andy the other day, its a good round up and thought its worth sharing here too.

"Hi Andy,

Hope you are well.

Is there any update on the extension date for the warrants?

Speaking to some investors and all including me are still clueless on the timelines for operations over the next six to twelve months.

When is the next investor event being planned for?

Enjoy the day, Kind Regards to all the team.

Deepi

Hi Deepi,

No update on the extension date for warrants, but I think this is unlikely in any event as a result of the related party element in addition to new commitments having been made since issue of these warrants.

Re timelines, we hope to publish a new corporate deck shortly which will be more explicit but as a reminder;

Bulu PSC - POD has been approved, GSA is waiting to be signed (election in April, so likely shortly after then), then we can secure development funding

Duyung PSC - POD submitted and awaiting approval expected shortly, following which can move to firm the MOU with Singapore gas buyer into GSA

- Exploration drilling is expected to start mid/end of Summer this year hopefully two wells to appraise the field and also test the 100bcf prospect above the field and 250bcf prospect beneath the field

Andrew Dennan

Chief Financial Officer

Coro Energy Plc"

Deepi

https://twitter.com/dds_docholiday/status/1100064206991310848?s=12

https://twitter.com/dds_docholiday/status/1100064206991310848?s=12

Enjoy the evening all. I will be there for SOU beers and looking forward to seeing all the usual suspects...

Deepi

https://twitter.com/dds_docholiday/status/1100064206991310848?s=12

https://www.youtube.com/watch?v=yUAO_RZGpMs

https://www.reuters.com/article/us-indonesia-repsol/repsol-unveils-biggest-gas-discovery-in-indonesia-in-18-years-idUSKCN1Q81PU

I do recall SOU did BOND several years ago to get a kick start. The BOND is selected carefully to give CORO massive upside rewards. Risk is considerably low from what I gather. Get over it folks and start to focus on the end prize!

Enjoy the day/weekend/next week all. kids finish up from School for half term so it's week off for me too.

Deepi

https://www.malcysblog.com/2019/02/core-finance-ceo-interview-james-menzies-of-coro-energy-2/?fbclid=IwAR31AuyHlB1AbkzYiKgtP2LXh5Bv3qtOletVcILVVd4k70W_qlN1Ia_9O5A

Wanted to say thanks to Justin (from FB) for sharing.

Deepi

https://guerillainvesting.co.uk/2019/02/15/coro-energy-10m-20m-placing-its-a-shambles/

I have called TPI (the broker to CORO) regarding this 'placing' matter. And they are not aware of any placing. Seems BMD is wrong on this occasion.

Deepi

https://twitter.com/coroenergy/status/1096331047099355136?s=12&fbclid=IwAR2vwis-iJyAU11yu-BtUcTQmv8U0WxceEWyTFEp3C2ZKNxHV5g9RatKjJc

"Coro Energy

Coro has announced the acquisition of a 15% direct interest in the Duyung PSC, West Natuna Basin offshore Indonesia which contains the shallow water Mako gas field and has low risk step-out exploration upside. The company is paying $4.8m in cash and shares and will pay $10.5m towards the 2019 drilling programme, as part of this process the company is doing a €22.5m bond issue.

Coro has managed to get into a high quality asset in a great post code with ‘ultra low risk dynamics and high value step out potential. I am acquainted with the field as Tom Kelly of Empyrean Energy has been telling me about the asset for some time. In addition the deal gives them near term production and the likelihood of medium and longer term uplift.

This deal is a great move for Coro, it gives them exposure to a top class asset which is adjacent to established infrastructure with access to the buoyant Singapore gas market. Now that the second deal has been done by Coro I can visualise more to complement it and with James Menzies’ huge experience in the area investors can look forward to an exciting and rewarding future."

TR-1: NOTIFICATION OF MAJOR HOLDINGS

jessell,

I really do emphasize with you. I don't take to valuations either, however we should be pleased with drilling action due to commence during the summer/ late summer. The stock will be in a real spin then.

'JM is a real oil and gas man' quoted by Ben Turner on the night.

Just sit back, enjoy the ride(if possible). We now have some life in the chat room, some liquidity in the stock and the word is spreading. I think we are in for interesting times.

Hang in there bud.
Deepi

jessell, all,

I have a facebook group named : 'Coro Energy Plc Investor's group'

I have posted the official broker note (released on the 11th of Feb) which explains the whole deal and further to that the entire script from today's live web chat with the CORO team. I really hope the FB group helps to educate us all along the way. Please feel free to comment as this helps one and all involved with CORO.

Deepi

Hi jessell,

Was mentioned by Andy on the night. I know in the past James has quoted 5-7p valuations and that was before the buyung deal.

There is a shares magazine event on tonight with the team, or alternatively you can easily email Andy or James for more detail. Nothing better than more detail direct from 'the horses mouth' as it were!!

Deepi