Coro Energy (AIM: CORO)

Last close As at 18/06/2024

GBP0.00

0.00 (0.00%)

Market capitalisation

GBP7m

Latest Insights

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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)

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.

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

Research

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Energy & Resources

Verbier appraisal points to lower than expected resources

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Energy & Resources

Orinduik resource upgrade for Eco Atlantic offshore Guyana

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No moveable hydrocarbons in Alaskan Winx-1 well

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Hydrocarbon discovery for Murphy at Cholula-1 offshore Mexico

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Sound Energy well result highlights reservoir variability in Morocco

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Tullow’s Namibian well disappoints

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Tullow spuds Cormorant well offshore Namibia

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Southern gas corridor to the EU nears agreement

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Mexico: reassurance or uncertainty?

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Energy & Resources

UK independents pick up blocks in Mexico’s Round 3.1

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Lower break even for Johan Sverdrup

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Kosmos exploration hiccups

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Positive news from Genel’s Taq Taq

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Ludicrous growth of the EV

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Tullow’s Araku result completes our 2017 wells to watch list

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Energy & Resources

Fancy a Ferrari or an EV?

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Verbier delivers after sidetrack

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Revealing Big Oil hurdle rates

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Fatala well latest disappointment offshore West Africa

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Partridge and Verbier fail to find oil

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Made a discovery? What are the odds of another?

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Kosmos searching for more investors

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Killing the goose that laid the golden eggs

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South east basin most popular in latest Mexico round

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Porcupine Basin attracts Total

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Tory manifesto – what does it mean for oil and gas?

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Cairn/FAR return to deepwater FAN in Senegal

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E&P industry funding cost still high

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What a difference a year makes

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Filicudi discovery – positive start to 2017 Barents exploration

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Tullow dipping a toe back into exploration

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Diversified Gas and Oil – quick thoughts

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Development lead times

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Barents Sea – frontier drilling in 2017

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SDX initiation

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Porcupine Basin Phase 2

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Conoco sells Senegalese discovery blocks – fair price?

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Exploration Watch – Porcupine Basin

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Bonds vs Equity vs Oil

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Genel’s Taq Taq highlights complexity of fractured reservoirs

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Oil Macro outlook 2016 – oversupply in the short term

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Governments need to adapt to the oil price too

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Exploration Watch – West of Shetland

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100% success rate continues offshore Mauritania/Senegal

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Falklands exploration: Humpback results finally in

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Is the Serica deal a sign of improved North Sea co-operation?

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Genel trading statement

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Is there a link between the oil prices and deals?

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Kurdistan payments ~ two payments in two months

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Plexus Holdings taps subsea market

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Gulf of Mexico – stepping up to the challenges

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Kurdistan ~ payments coming

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Petroceltic ~ Creating value in Algeria through execution

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Cairn ~ Exposure to Senegal exploration, at lower risk

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Rockhopper ~ Building a full cycle, exploration-led E&P

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Wentworth Resources ~ company snapshot

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Genel operations update ~ still waiting for export payments

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Company Snapshot ~ Sterling Energy

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Company Snapshot ~ Solo Oil

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What’s the marginal cost of oil supply – $60/bbl or $80/bbl?

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Saudi-led market share war with US producers continues

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Oil & gas macro outlook – The market is returning to equilibrium

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First Falklands well in two years looks positive

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Nigerian elections 28th March

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Ophir results – Acting counter-cyclically… or not?

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Reserves – better not blink or they could be gone

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Omne trium perfectum

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Thoughts post Cairn FY14 results & India tax update

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Exploration Watch – Falklands

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Catalytic converter – Five themes from oil majors’ 2015 updates

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Exploration watch – Drilling returns to the Falklands

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Oil & Gas – Macro Outlook: Current prices are not sustainable

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Energy & Resources

Catalytic converter – Crude oil prices: A range-bound future

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Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide

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Energy & Resources

Oil & Gas – Macro Outlook: Swimming in oil

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Oil & gas macro outlook: Ukraine supports prices for now

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ASX Spotlight Conference – London, 6 March 2014

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Oil & gas macro outlook: North America is shifting the supply needle

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Oil & gas macro outlook: The market remains well supplied

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Oil & Gas – Oil & gas research principles

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Oil & Gas – Falklands oils: Time to pause and draw breath

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ASX Small to Mid Caps Conference – London, 7 March 2013

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Asia-Pacific resources quarterly: February 2013 edition

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Seismic reflections: Seismic Elections

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Seismic reflections: Oil market dynamics turn bearish

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Seismic reflections: Sentiment vs reality

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Seismic reflections: Take me out

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Seismic reflections: Unstoppable force?

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Asia-Pacific resources quarterly: August edition

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Seismic reflections: Stick or twist – looks like twist

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Seismic reflections: What’s next for UK North Sea?

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Seismic reflections: The next major US resource play

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Asia-Pacific resources quarterly

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Seismic reflections: Closing bell for the 27th UK licensing round

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Seismic reflections: YPF nationalisation

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Seismic reflections: Heavy cash

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Seismic reflections: Budgeting for a North Sea revitalisation

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Seismic reflections: Italian drilling ban about turn?

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Seismic reflections: Gas to liquids could gain traction

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Seismic reflections: Funding troubles, M&A bubbles

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Seismic reflections: Singing those 100% equity blues

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Seismic reflections: Enormous North American potential

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Seismic reflections : Tullow’s breakthrough discovery

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Seismic reflections: Confidence in Kurdistan grows

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Seismic reflections: An exciting investment story

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Still bearish

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Seismic reflections : Commodity prices only a side issue

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Crude market potentially vulnerable

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Seismic reflections : Taxing matters

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Seismic reflections – Introducing the oil screen

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Supply fears exaggerated

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The spectre of weakening prices