Coro Energy

Primary ticker: LON:CORO
Stage of development:
Exploration, Production
Project types: 
Oil & Gas- conventional onshore & offshore
Project to promote:Indonesia and Malaysia

Live financials

Coro has an opportunity to become an operating E&P company in SE Asia – there is a real scarcity of players in our size bracket and a genuine industrial need for companies to work through the smaller fields and discoveries across the region.

Management Profile

James Menzies – Chief Executive Officer

James was the co-founder and CEO of South East Asia focused Salamander Energy from 2005 to 2015 when it was acquired by Ophir Energy for $850 million. He is a qualified geologist with over 30 years’ industry experience, having held senior technical and commercial roles at Lasmo in the UK, Vietnam and Indonesia. James subsequently worked for boutique M&A house Lambert Energy in London before founding Salamander. James is a Non-Executive Director of Trinity Exploration.

Andrew Dennan – Chief Financial Officer

Andrew has many years’ experience unlocking growth across AIM listed companies as a corporate financier and investment manager. Throughout his career he has been involved in stockbroking and asset management in prominent roles, leading proprietary investment decisions, capital raising, risk oversight and portfolio management. He has worked closely for many years with key members of the newly appointed Board.

Andrew brings a wealth of capital markets and corporate transaction experience to the team and is currently a Non-Executive Director of Alpha Growth plc.

What is your rationale for attending 121 Oil & Gas Investment?

We are looking to meet a new investor base – bearing in mind our close proximity to SE Asia where are assets are held. We are looking for both institutional and high net worth investors looking to partner with us during our next exciting phase or development.

What recent news would you like to highlight to investors attending?

March 2019 Bid for Ophir Energy

Feb 2019 New PSC – Duyung added to Portfolio (Indonesia)

December 2018 – JSA with Petronas

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Prepare for well programme at Duyung

6 Months:

Drill and results of 2 well programme Duyung

12 Months:

Additional business development

In a sentence, what do you think makes your company such a compelling investment?

Although a relatively young company we bring a wealth of local experience with our executive team headed by our chairman James Parsons and led by our CEO James Menzies – who has built up a business in SE Asia (Salamandar) which he then sold to Ophir. We are ready to go again!