REG - Coro Energy PLC - Philippines WESC Application

Coro EnergyAnnouncement

25/04/2023 07:00

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RNS Number : 2693X  Coro Energy PLC  25 April 2023

25 April 2023

 

Coro Energy Plc

("Coro" or the "Company")

 

Philippines WESC Application

 

Coro Energy PLC, the South East Asian energy company with a natural gas and
clean energy portfolio, announces that, further to the announcements on 12
October 2022 and 16 January 2023, that it has now capitalised the local
Philippine subsidiary and re-submitted its application for the Philippines
Department of Energy's Wind Energy Service Contract ("WESC") in respect of an
area of interest for the onshore Oslob Wind Power Project in Oslob, Cebu.

 

Further announcements will be made, as appropriate, in due course.

 

Michael Carrington, Managing Director: Renewables, commented:

 

"Submitting our application for the Wind Energy Service Contract is a
significant positive step for our Philippines business and, once secured,
would increase the core NAV of our Philippines portfolio significantly."

 For further information please contact:

 Coro Energy plc                            Via Vigo Consulting Ltd

 James Parsons, Executive Chairman

 Ewen Ainsworth, Chief Financial Officer

 Cenkos Securities plc (Nominated Adviser)  Tel: 44 (0)20 7397 8900

 Adrian Hadden

 Ben Jeynes

 Vigo Consulting (IR/PR Advisor)            Tel: 44 (0)20 7390 0230

 Patrick d'Ancona

 Charlie Neish

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

 Harry Ansell

 Katy Mitchell

 Gneiss Energy Limited (Financial Advisor)    Tel: 44 (0)20 3983 9263

 Jon Fitzpatrick

 Doug Rycroft

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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