Our Journey

  • April to September 2017

    Solid operational progress:

    • Extended the Shell offtake agreement
    • Securing first gas at Bezzecca
    • Advanced Sant’Alberto license with the granting of a production concession
  • October 2017

    • Signed HOA with Sound Energy
  • 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
  • August 2018

    • Announcement of debut South East Asian transaction with 42.5% interest in Bulu Psc, East Java Indonesia
  • 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
  • July 2019

    • Revision of Bulu PSC acquisition terms
  • 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

  • January 2020

    Decision to exit Bulu PSC

  • 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