Coro Energy

Latest Insights

Oil & Gas |
Flash note

03.04.20

Coro Energy — Cost reductions result in board restructuring

Oil & Gas |
Flash note

04.12.19

Coro Energy — Italian asset disposal and Bulu acquisition update

Oil & Gas |
Flash note

22.11.19

Coro Energy — Positive Mako appraisal, Tambak non-commercial

Oil & Gas |
Initiation

21.11.19

Coro Energy — South-East Asia growth strategy

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Sector

Oil & Gas

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

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

Financials

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.