Business
Duyung sale: completion and receipt of shares
Coro Energy Plc has completed the sale of its interest in the Duyung PSC, receiving approval from Indonesia's Ministry of Energy and Mineral Resources. As a result, the company has been issued 500,000 shares in Conrad Asia Energy Ltd, valued at approximately US$177,500 based on Conrad's closing share price of AU$0.50 on April 24, 2026. This transaction marks a significant step for Coro Energy as a South East Asian renewable energy developer. Disclaimer*
About this update from Coro Energy Plc
27 April 2026 Coro Energy Plc ("Coro" or the "Company") Duyung PSC Sale : Completion and Receipt of Conrad Shares Coro Energy Plc, the South East Asian renewable energy developer, announces approval of the sale of its interest in the Duyung PSC ("Transaction") which was previously announced on 10 April 2025, 14 May 2025, 1 September 2025 and 1 October 2025. Following the approval of the sale by Indonesia's Ministry of Energy and Mineral Resources the Transaction has now completed and 500,000 shares in Conrad Asia Energy Ltd have been issued to the Company. The Conrad Shares have a value of approximately US$177,500 based on the AU$0.50 closing share price of Conrad on 24 April 2026. For further information please contact: Coro Energy plc Via Vigo Consulting Ltd Cavendish Capital Markets Limited (Nominated Adviser) Adrian Hadden Ben Jeynes Tel: +44 (0)20 7220 0500 Tennyson Securities (Nominated Broker) Peter Krens Tel: +44 (0)20 4530 9239 Vigo Consulting (IR/PR Advisor) Patrick d'Ancona Tel: +44 (0)20 7390 0230 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.