Coro Energy (CORO)

Sector:

Energy Producers

0.033p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.29p
  • 52 Week Low: 0.030p
  • Currency: UK Pounds
  • Shares Issued: 2,866.86m
  • Volume: 54,944,035
  • Market Cap: £0.93m
  • RiskGrade: 570

Coro Energy's Bezzecca field 'unlikely' to contribute this year

By Duncan Ferris

Date: Thursday 31 May 2018

LONDON (ShareCast) - (Sharecast News) - International gas explorer Coro Energy announced on Thursday that its Bezzecca gas field in Milan is "unlikely" to provide a material contribution during the year.
The AIM traded company instead iterated that it believes the project has "incremental production optionality", which it believes could strengthen the company's cash flow and help to fund its Asia growth strategy.

Production has exceeded forecasts so far this year and is currently running at circa 10,000 Mcf per day, but the field may shut ahead of further developments this year.

Planning is underway for a drilling programme at Bezzecca, where the company is seeking to exploit remaining proved and probable resources, and the company will soon initiate the review process with the department of mining and natural resources, as per Italian regulations.

Meanwhile, the company said that progress should be expected shortly in its "strong" South East Asian transaction opportunity funnel.

Coro Energy harbours ambitions of becoming "an established mid-cap Asian oil & gas player".

As of 1620 BST, Coro Energy's shares were up 3.94% at 3.30p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coro Energy Market Data

Currency UK Pounds
Share Price 0.033p
Change Today 0.005p
% Change -13.33 %
52 Week High 0.29p
52 Week Low 0.030p
Volume 54,944,035
Shares Issued 2,866.86m
Market Cap £0.93m
RiskGrade 570

Coro Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.14% below the market average20.14% below the market average20.14% below the market average20.14% below the market average20.14% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
95.57% below the market average95.57% below the market average95.57% below the market average95.57% below the market average95.57% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Income Not Available
Growth
24.81% above the market average24.81% above the market average24.81% above the market average24.81% above the market average24.81% above the market average
46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average

Coro Energy Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:43 10,000,000 @ 0.032p
16:10 6,000,000 @ 0.035p
16:08 9,971 @ 0.035p
13:58 424,652 @ 0.035p
13:53 16,922 @ 0.030p

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