Our Journey

March 2022

Relaunch of Italian Portfolio Generating in excess of €5 million per annum free cash flow
November 2021

Signature of binding joint venture terms with VPE
July 2021

Binding Heads of Terms signed for proposed acquisition of 150MW Vietnamese Solar Portfolio
May 2021

Disposal of Italian Assets
February 2021

Acquisition of GEPL announced with new management team

ion partnership with LiNA a solid state battery technology developer announced
December 2020

Mako Gas Project - Updated Plan of Development announced
November 2020

Acquisition of interest in ion Ventures Holdings Ltd
September 2020

Announcement Revised Southeast Asian strategy to include renewables/other low carbon energy sources and energy storage assets
July 2020

Mutual termination of agreement to dispose of Italian operations
May 2020

Duyung PSC Acquisition Completion, Indonesia

CPR released by Gaffney Cline; confirms significant upgrade in resources
April 2020

Resource Upgrade of Mako Gas Field at Duyung PSC, Indonesia
December 2019

Conditional sale and purchase agreement of disposal of Italian portfolio
November 2019

Completion of the drilling campaign of Tambak-1

Successful appraisal of the Mako gas field
October 2019

Drilling of the Tambak-2 well in Duyung PSC commenced

Successful appraisal of the Mako gas field
September 2019

Mobilisation of rig for Duyung PSC drilling programme
April 2019

Duyung PSC drilling programme approved
March 2019

Plan of Development Approved For Mako Field, Duyung PSC, Indonesia
February 2019

Acquisition of 15% interest in Duyung PSC, offshore Indonesia
December 2018

Announcement of Block 2A Joint Study
March 2018

Changed name to Coro Energy and secured £14M in institutional funding
December 2017

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