RNS Number : 7430F
Coro Energy PLC
09 November 2022

9 November 2022


Coro Energy Plc

("Coro" or the "Company" and together with its subsidiaries the "Group")


Recommencement of Production at Bezzecca


Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio, is delighted to announce the resumption of production at the Bezzecca gas field in Italy.  The well demonstrated strong pressure support, giving good indications for production performance in line with previously announced expectations of c.15,000 scm/d.  Stabilized production rates will be provided following an initial period to allow the necessary time for gas processing parameters to be adjusted.


James Parsons, Coro's Chairman, commented:


"I am delighted to announce that we have brought Bezzecca back into production which, together with the imminent resumption of Sillaro plus the current stable production from Casa Tiberi and Rapagnano, will increase cash flow generation from our Italian portfolio at an opportune time as spot gas prices escalate during the winter months."

For further information please contact:

Coro Energy plc

James Parsons, Executive Chairman

Ewen Ainsworth, Chief Financial Officer



Via Vigo Consulting Ltd



Cenkos Securities plc (Nominated Adviser)

Ben Jeynes

Katy Birkin


Tel: 44 (0)20 7397 8900

Vigo Consulting (IR/PR Advisor)

Patrick d'Ancona

Charlie Neish


Tel: 44 (0)20 7390 0230

WH Ireland (Broker)

Harry Ansell

Katy Mitchell  


  Tel: 44 (0)20 7220 1670 / 44 (0)113 946 618



Gneiss Energy Limited (Financial Advisor)

Jon Fitzpatrick

Doug Rycroft


  Tel: 44 (0)20 3983 9263





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