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