TIDMCORO

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      Tel: 44 (0)20 7397 8900 
  Adviser) 
  Ben Jeynes 
  Katy Birkin 
 Vigo Consulting Ltd (IR/PR            Tel: 44 (0)20 7390 0230 
  Advisor) 
  Patrick d'Ancona 
  Chris McMahon 
 WH Ireland (Broker)                  Tel: 44 (0)20 7220 1670 / 44 
  Harry Ansell                         (0)113 946 618 
  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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June 06, 2022 02:01 ET (06:01 GMT)

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