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Our Journey

  • December 2017

    • Upgraded its Board and announced new strategy expansion and transformational growth in SE Asia

  • March 2018

    • Changed name to Coro Energy and secured £14M in institutional funding

  • December 2018

    • Announcement of Block 2A Joint Study

  • February 2019

    • Acquisition of 15% interest in Duyung PSC, offshore Indonesia

  • March 2019

    • Plan of Development Approved For Mako Field, Duyung PSC, Indonesia

  • April 2019

    • Duyung PSC drilling programme approved

  • September 2019

    • Mobilisation of rig for Duyung PSC drilling programme

  • October 2019

    • Drilling of the Tambak-2 well in Duyung PSC commenced
    • Successful appraisal of the Mako gas field

  • November 2019

    • Completion of the drilling campaign of Tambak-1
    • Successful appraisal of the Mako gas field

  • December 2019

    Conditional sale and purchase agreement of disposal of Italian portfolio

  • April 2020

    Resource Upgrade of Mako Gas Field at Duyung PSC, Indonesia

  • May 2020

    • Duyung PSC Acquisition Completion, Indonesia
    • CPR released by Gaffney Cline; confirms significant upgrade in resources

  • July 2020

    • Mutual termination of agreement to dispose of Italian operations

  • September 2020

    • Announcement Revised Southeast Asian strategy to include renewables/other low carbon energy sources and energy storage assets

  • November 2020

    • Acquisition of interest in ion Ventures Holdings Ltd

  • December 2020

    • Mako Gas Project - Updated Plan of Development announced