Coro Energy (AIM: CORO)

Currency in GBP

Last close As at 25/09/2023

GBP0.00

0.01 (3.85%)

Market capitalisation

GBP7m

Latest Insights

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Oil & Gas | Flash note

Coro Energy — Cost reductions result in board restructuring

Oil & Gas | Flash note

Coro Energy — Positive Mako appraisal, Tambak non-commercial

Oil & Gas | Initiation

Coro Energy — South-East Asia growth strategy

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.

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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Oil & Gas

Verbier appraisal points to lower than expected resources

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Oil & Gas

No moveable hydrocarbons in Alaskan Winx-1 well

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Oil & Gas

Tullow’s Namibian well disappoints

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Oil & Gas

Tullow spuds Cormorant well offshore Namibia

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Oil & Gas

Southern gas corridor to the EU nears agreement

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Oil & Gas

Mexico: reassurance or uncertainty?

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Oil & Gas

UK independents pick up blocks in Mexico’s Round 3.1

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Oil & Gas

Lower break even for Johan Sverdrup

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Oil & Gas

Kosmos exploration hiccups

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Oil & Gas

Positive news from Genel’s Taq Taq

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Oil & Gas

Ludicrous growth of the EV

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Oil & Gas

Fancy a Ferrari or an EV?

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Oil & Gas

Verbier delivers after sidetrack

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Oil & Gas

Revealing Big Oil hurdle rates

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Oil & Gas

Fatala well latest disappointment offshore West Africa

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Oil & Gas

Partridge and Verbier fail to find oil

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Oil & Gas

Made a discovery? What are the odds of another?

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Oil & Gas

Kosmos searching for more investors

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Oil & Gas

Killing the goose that laid the golden eggs

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Oil & Gas

South east basin most popular in latest Mexico round

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Oil & Gas

Porcupine Basin attracts Total

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Oil & Gas

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

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Oil & Gas

Cairn/FAR return to deepwater FAN in Senegal

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Oil & Gas

E&P industry funding cost still high

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Oil & Gas

What a difference a year makes

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Oil & Gas

Tullow dipping a toe back into exploration

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Oil & Gas

Diversified Gas and Oil – quick thoughts

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Oil & Gas

Development lead times

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Oil & Gas

Barents Sea – frontier drilling in 2017

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Oil & Gas

SDX initiation

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Oil & Gas

Porcupine Basin Phase 2

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Oil & Gas

Conoco sells Senegalese discovery blocks – fair price?

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Oil & Gas

Exploration Watch – Porcupine Basin

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Oil & Gas

Bonds vs Equity vs Oil

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Oil & Gas

Oil Macro outlook 2016 – oversupply in the short term

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Oil & Gas

Governments need to adapt to the oil price too

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Oil & Gas

Exploration Watch – West of Shetland

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Oil & Gas

100% success rate continues offshore Mauritania/Senegal

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Oil & Gas

Falklands exploration: Humpback results finally in

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Oil & Gas

Genel trading statement

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Oil & Gas

Is there a link between the oil prices and deals?

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Oil & Gas

Kurdistan payments ~ two payments in two months

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Oil & Gas

Plexus Holdings taps subsea market

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Oil & Gas

Gulf of Mexico – stepping up to the challenges

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Oil & Gas

Kurdistan ~ payments coming

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Oil & Gas

Petroceltic ~ Creating value in Algeria through execution

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Oil & Gas

Cairn ~ Exposure to Senegal exploration, at lower risk

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Oil & Gas

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

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Oil & Gas

Wentworth Resources ~ company snapshot

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Oil & Gas

Company Snapshot ~ Sterling Energy

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Oil & Gas

Company Snapshot ~ Solo Oil

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Oil & Gas

Saudi-led market share war with US producers continues

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Oil & Gas

First Falklands well in two years looks positive

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Oil & Gas

Nigerian elections 28th March

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Oil & Gas

Ophir results – Acting counter-cyclically… or not?

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Oil & Gas

Reserves – better not blink or they could be gone

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Oil & Gas

Omne trium perfectum

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Oil & Gas

Thoughts post Cairn FY14 results & India tax update

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Oil & Gas

Exploration Watch – Falklands

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Oil & Gas

Exploration watch – Drilling returns to the Falklands

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Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide

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Oil & Gas

Oil & Gas – Macro Outlook: Swimming in oil

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Oil & Gas

Oil & gas macro outlook: Ukraine supports prices for now

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Healthcare

ASX Spotlight Conference – London, 6 March 2014

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Oil & Gas

Oil & gas macro outlook: The market remains well supplied

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Oil & Gas

Oil & Gas – Oil & gas research principles

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Healthcare

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

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Metals & Mining

Asia-Pacific resources quarterly: February 2013 edition

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Oil & Gas

Seismic reflections: Seismic Elections

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Oil & Gas

Seismic reflections: Oil market dynamics turn bearish

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Oil & Gas

Seismic reflections: Sentiment vs reality

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Oil & Gas

Seismic reflections: Take me out

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Oil & Gas

Seismic reflections: Unstoppable force?

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Metals & Mining

Asia-Pacific resources quarterly: August edition

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Oil & Gas

Seismic reflections: Stick or twist – looks like twist

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Oil & Gas

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

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Oil & Gas

Seismic reflections: The next major US resource play

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Metals & Mining

Asia-Pacific resources quarterly

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Oil & Gas

Seismic reflections: YPF nationalisation

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Oil & Gas

Seismic reflections: Heavy cash

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Oil & Gas

Seismic reflections: Italian drilling ban about turn?

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Oil & Gas

Seismic reflections: Gas to liquids could gain traction

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Oil & Gas

Seismic reflections: Funding troubles, M&A bubbles

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Oil & Gas

Seismic reflections: Singing those 100% equity blues

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Oil & Gas

Seismic reflections: Enormous North American potential

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Oil & Gas

Seismic reflections : Tullow’s breakthrough discovery

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Oil & Gas

Seismic reflections: Confidence in Kurdistan grows

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Oil & Gas

Seismic reflections: An exciting investment story

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Oil & Gas

Still bearish

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Oil & Gas

Seismic reflections : Commodity prices only a side issue

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Oil & Gas

Crude market potentially vulnerable

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Oil & Gas

Seismic reflections : Taxing matters

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Oil & Gas

Seismic reflections – Introducing the oil screen

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Oil & Gas

Supply fears exaggerated

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Oil & Gas

The spectre of weakening prices