(Alliance News) - Coro Energy PLC and Empyrean Energy PLC said Friday its partners on the Mako gas project in Indonesia have approved an updated plan of development. Read More
Coro Energy PLC - London-based gas explorer - Completes installation of three-megawatt rooftop solar pilot project in Vietnam, which consists of 4,500 solar panels covering an area of 16,120 square metres. Read More
Coro Energy PLC - London-based gas explorer - Signs an option agreement with an unnamed operator in Italy, who will buy the company's Italian gas asset portfolio. Says the operator will pay up to EUR7.5 million for the portfolio, of which EUR6.0 million would be paid in cash at or before completion. Coro says the portfolio was relaunched earlier this year following gas price rises, and that it has delivered "significant free cash flows". Read More
Coro Energy PLC - London-based gas explorer - Says its Italian portfolio grew gas production by 69% to 1.6 million standard cubic meter in the second quarter of 2022 from 945,100 scm in the previous quarter. Revenue amounted to EUR1.6 million in the period, up 86% from EUR859,900, quarter-on-quarter. Revenue for the first half totals EUR2.4 million, while production totals 2.6 million scm. Says the production increase in the second quarter reflects a restart of production in March, as well as "various production enhancement initiatives." Read More
Coro Energy PLC - London-based gas explorer - In 2021, narrows pretax loss to USD6.5 million from GBP8 million the previous year. Total assets at December 31 fall to USD30.4 million from USD31.2 million. Notes a recovery in oil and gas prices during the year, but adds that investor sentiment towards junior oil and gas companies "lagged somewhat". Production from its Italian gas fields generate USD200,000 in gross profit, swinging from a USD200,000 loss in 2020. Read More
Coro Energy PLC - London-based gas explorer - Produces an average of 18,500 standard cubic metres of gas per day since the resumption of production at its Sillaro, Rapagnano, and Casa Tiberi projects in Italy on June 6. Revenue for the month of May totals EUR583,000. Company is gradually increasing production at Sillaro and is confident of sustaining increased production at the site despite high temperatures anticipated in the summer. Also expects production increases at Rapagnano following reperforation in summer. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Coro Energy PLC - London-based gas explorer - Suspends its Sillaro well in Italy following a period of unexpectedly hot weather which has seen an increase of moisture in gas production. "The company is assessing various solutions to this problem and expects this issue to be resolved shortly," Coro says. Company also begins a slick line campaign at Casa Tiberi and Casa Tonetto. Coro says it is encouraged by the results at both sites. Hopes to restart production at Casa Tonetto at 2,000 standard cubic metres of gas per day. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Coro Energy PLC - low carbon energy in South East Asia - Resumes gas production at Sillaro in Italy, which is currently producing at a stabilised rate of around 17,000 standard cubic metres per day, and expects 2022 average production rate of 13,500 scm per day. Read More
Coro Energy PLC - low carbon energy in South East Asia - James Parson switches to executive chair from non-executive, effective immediately, as part of a set of board changes following a vote of support from debt owners. Holders of half of Coro's EUR22.5 million in 5.0% secured notes support restructuring proposals on Friday, while the vote on the other half is adjourned until April 11 for lack of quorum. Coro appoints Stephen Birrell, a geoscientist, as an independent non-executive director, while Fiona MacAulay and Andrew Dennan are stepping down. Coro aims to hire an additional independent non-executive director in the next 12 months. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
Coro Energy PLC - London-based gas explorer - Signs heads of terms with Lombard Odier Asset Management Europe Ltd and other loan holders for the discussions of the company's proposals to restructure its EUR22.5 million 5.0% secured notes. Read More
IN BRIEF: Coro Energy enters Vietnamese solar purchase joint venture Read More