Coro Energy (AIM: CORO)

Last close As at 22/06/2024


0.00 (0.00%)

Market capitalisation


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Energy & Resources | Flash note

Coro Energy — Cost reductions result in board restructuring

Energy & Resources | Flash note

Coro Energy — Italian asset disposal and Bulu acquisition update

Energy & Resources | Flash note

Coro Energy — Positive Mako appraisal, Tambak non-commercial

Energy & Resources | Initiation

Coro Energy — South-East Asia growth strategy

Balance Sheet

Forecast net debt (US$m)


Forecast gearing ratio (%)


Share Price Performance

Price Performance
% 1M 3M 12M
Actual 27.7 29.3 (7.0)
Relative 31.8 37.1 (9.3)
52 week high/low 0.4p/0.2p


Coro Energy has announced that in light of the unprecedented market changes, its board has initiated a material cost-reduction programme. As a result, James Menzies, the company’s CEO, saw his employment terminated with immediate effect. The board also mutually agreed with Nick Cooper that he will leave the company with immediate effect. Following these changes, the board will consist of James Parsons as nonexecutive chairman and Andrew Dennan, Marco Fumagalli and Fiona MacAulay as non-executive directors. As result of recent developments and Coro’s current situation, we are suspending our valuation.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2017A N/A N/A N/A N/A N/A N/A
2018A 0.0 (3.5) (3.5) 0.0 N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A




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