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    Coro Starts Trading

Summary

Coro, formerly UK-listed Saffron Energy, said shares in its enlarged company have started trading.

by: Mark Smedley

Posted in:

Natural Gas & LNG News, Asia/Oceania, Europe, Corporate, Exploration & Production, News By Country, Italy

Coro Starts Trading

UK-listed Moroccan gas explorer Sound Energy said April 9 it completed divestment of its Italian assets that morning, and in return its shareholders now have 25.9% of the enlarged share capital of Coro Energy.

Coro, formerly UK-listed Saffron Energy, said shares in its enlarged company, with a market capitalisation of some £30mn ($42mn), began trading on London's AIM market early April 9 under the ticker ‘Coro’.

Saffron announced October 5 2017 that it would acquire the Italian onshore assets of Sound and Australia’s PVE and relaunch itself as Coro Energy.

Coro describes itself as "a pan-Euro Asia upstream company focused on transformation multi-trillion ft3 gas exploration in high value, growing markets," with assets in southeast Asia and Italy.