Coro Energy PLC · LSE:CORO
Coro Energy — Investor Presentation (March 2023)
12 slides from Coro Energy's investor presentation, Mar 29, 2023
Slide 1: Coro Energy plc: A South East Asian Low Carbon Energy Business
Q2 2023 CORO ENERGY PLC A SOUTH EAST ASIAN LOW CARBON ENERGY BUSINESS UPDATED29/03/23 PRIVATE & CONFIDENTIAL
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by Coro Energy plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers giv
Slide 3: Executive Summary
( EXECUTIVE SUMMARY "Blending SE Asian high quality gas assets with growing renewables" ASSETS ST R AT EGY SOUTH EAST ASIA PORTFOLIO 15% Interest in Duyung PSC containing Support operator of Duyung to secure Mako Gas field in Indonesia; 437 Bcf GSA, reach FID and farm out and / or discovered gas res
Slide 4: The Team
THE TEAM James Parsons Leonardo Salvadori Michael Carrington Ewen Ainsworth Executive Chairman Managing Director Managing Director Chief Financial Officer (Oil & Gas) (Renewables) Experienced AIM Chairman Leonardo has over 30 years of 30 years’ experience of energy efficiency Non-Executive Director
Slide 5: Why South East Asia?
WHY SOUTH EAST ASIA? Rapid GDP growth will Significant new annual investment in Governments noted to be shelving increase energy demand renewables is forecast to 2040 to meet coal projects in favour of clean growing demand energy substitutes PROJECTED ASEAN GDP GROWTH, ELECTRICITY RENEWABLES AS A SH
Slide 6: Duyung PSC Asset Overview
NON-OPERATED DUYUNG PSC A S S E T OV E RV I E W T E N G I R I -1 Located in the West Natuna basin Shallow, Intra-Muda sandstone reservoir Six wells have penetrated the field to date TA M B A K-1 Two wells successfully flow tested at rates of approx. 9MMscf/d to 11.4MMscf/d M A KO S O U T H -1 Demons
Slide 7: Duyung PSC: Forward Plan
WNTS (WEST NATUNA TRANSPORT SYSTEM) GAS PIPELINE TO SINAGPORE DUYUNG PSC : FORWARD PLAN Close to existing infrastructure, with gas evacuation through third party operated West Natuna Transportation System (WNTS), which delivers gas MAKO FIELD LOCATION IN directly to Singapore COMPARISON TO SINGAPORE
Slide 8: Vietnam Rooftop Solar Portfolio
VIETNAM ROOFTOP SOLAR PORTFOLIO (85% NET TO CORO) 3MW pilot project revenue producing AREA OF PROJECTS Due diligence complete on acquisition of further 3.25MW existing project for US$1.7M; including taking on US$950,000 of debt from Vietnamese Bank Overview 3MW Pilot Project 3.25MW Acquisition Offta
Slide 9: Philippines Solar and Wind Projects
PHILIPPINES SOLAR AND WIND PROJECTS (88% NET TO CORO) 100MW utility scale Solar 100MW utility scale onshore wind 2 x Pre development projects Targeting IRR between Pre development project Annual production forecast approximately 6 months from mid-teen to mid twenties approximately 12 months to above
Slide 10: Investment Summary
INVESTMENT SUMMARY: Supporting the regional transition to a low carbon economy South East Asian energy markets Key focus is development Increasing deployment of capital into Asian present a compelling investment of prolific Duyung asset renewables projects to provide sustainable cash case for gas an
Slide 11: Italian Gas Portfolio
C A S A TO N E T TO C A S I N A C A S T E L LO (BEZZECCA) ITALIAN GAS PORTFOLIO SILLARO S . A L B E R TO SPA SIGNED TO SELL FOR UPTO €7.5M S . LO R E N Z O R A PA G N A N O A S S E T OV E RV I E W A S S E T D I V E STM E N T Strong Milan based operational SPA signed to divest for up team with extens
Slide 12: Shareholders and Contacts
SHAREHOLDERS 2.13% 5.04% 8.83% 3.08% 80.92% info@coroenergyplc.com Corotr1@coroenergyplc.com James Parsons - Chairman Ewen Ainsworth - CFO CONRAD PETROLEUM LTD SPREADEX CIP MERCHANT CAPITAL MANAGEMENT OTHERS 12