Tag Archive for Coro Energy

Coro Energy takes hit despite revealing City support and major SE Asia deal (CORO)

Gas explorer Coro Energy (LSE:CORO) dipped 12.1pc to 2.3p on Monday after unveiling its latest foray into the South East Asian market. The business, which rebranded from Saffron Energy last year, will purchase a 15pc direct interest in the Duyung production sharing contract located in Indonesia’s West Matuna basin. Duyung contains the shallow water Mako…

Coro Energy dips: another chance to enter well below placing price? (CORO)

Echo Energy’s (LSE:ECHO) sister company Coro Energy (LSE:CORO) has been drifting as investors await news on deals and potential acquisitions. If Echo’s recent progress is anything to go by, things could get very exciting over at Coro in due course. The company acquired Sound Energy’s Italian assets and successfully raised £14m in an oversubscribed placing…