REG - Coro Energy PLC - Recommencement of Production at Bezzecca

Coro EnergyAnnouncement

09/11/2022 07:01

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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                            Via Vigo Consulting Ltd

 James Parsons, Executive Chairman

 Ewen Ainsworth, Chief Financial Officer

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

 Ben Jeynes

 Katy Birkin

 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

 

 

 

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