Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (November 2023)
11 slides from Coro Energy's investor presentation, Nov 9, 2023
Slide 1: Coro Energy Plc: A South East Asian Low Carbon Energy Business
Q4 2023 CORO ENERGY PLC A SOUTH EAST ASIAN LOW CARBON ENERGY BUSINESS UPDATED 09/11/2023 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 reach Mako Gas field in Indonesia; 437 Bcf FID and farm out and / or monetise discovered gas resour
Slide 4: The Team
THE TEAM James Parsons Michael Carrington Ewen Ainsworth Executive Chairman Managing Director Chief Financial Officer (Renewables) Experienced AIM Chairman 30 years’ experience of energy efficiency Non-Executive Director of Corcel Plc with over 25 years’ experience and clean tech generation in the b
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 Located in the West Natuna basin T E N G I R I -1 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 Demonstrated large, single
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 AREA OF PROJECTS revenue producing Recently acquired further 2.4MW portfolio with completion expected shortly Indicative funding proposal received from Capton Energy to buy into Coro's current portfolio and provide capital for growt
Slide 9: Philippines Solar and Wind Projects
PHILIPPINES SOLAR AND WIND PROJECTS (88% NET TO CORO) 100MW utility scale onshore Solar 3x 100MW utility scale onshore wind Pre development project Targeting IRR between Pre development project Potential to sell projects at approximately 6 months from mid-teen to mid twenties approximately 12 months
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 case for gas and ren
Slide 11: Shareholders and Contact
SHAREHOLDERS 9.45% 6.63% 5.01% 3.40% 3.30% 2.97% 66.48% info@coroenergyplc.com 2.76% Corotr1@coroenergyplc.com James Parsons - Chairman CIP MERCHANT CAPITAL MIKE STATEN Ewen Ainsworth - CFO MANAGER NOVUM SECURITIES HARGREAVES LANSDOWN ASSET MGT SPREADEX LTD MANAGEMENT INTERACTIVE INVESTOR OTHERS (MA