REG - Coro Energy PLC - Recommencement of Sillaro Production and Update

Coro EnergyAnnouncement

06/06/2022 07:00

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RNS Number : 6854N  Coro Energy PLC  06 June 2022

6 June 2022

 

Coro Energy Plc

("Coro" or the "Company")

 

Recommencement of Sillaro Production and Update on Italian Production
Enhancement Operations

 

Coro Energy Plc, the South-East Asian energy company focused on supporting the
regional transition to a low carbon economy, is delighted to announce the
resumption of production at the Sillaro gas field alongside a further update
on on its production enhancement operations.

 

Sillaro Gas Field production resumption

 

Following the recent temporary suspension, production at the Sillaro field has
now successfully recommenced.  Changes to the operation of the gas processing
facility including the gas stripping rate for glycol regeneration, have seen
significant improvements relating to the moisture in the sales gas bringing it
well within the specifications required by the pipeline operator.

 

Planned Production Enhancement Operations

 

As previously announced, the Company has been assessing various production
enhancement operations across its portfolio, including reservoir interval
reperforation at Rapagnano, borehole clean-up at Casa Tiberi and the potential
near-term sale of gas at Casa Tonetto via trucks.

 

All slick line operations are now complete and Rapagnano and Casa Tiberi
(where the sediment obstructing the flow has been removed from the well) are
both back in production.

 

Following the resumption of production at each of Sillaro, Rapagnano and Casa
Tiberi, the Company will provide updates on production as appropriate in due
course.

 

 

 

 

For further information please contact:

 Coro Energy plc                            Via Vigo Consulting Ltd

 Mark Hood, Chief Executive Officer

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

 Ben Jeynes

 Katy Birkin

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

 Patrick d'Ancona

 Chris McMahon

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

 Harry Ansell

 Katy Mitchell

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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