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.
Select text to share a quote on X · sign in to keep highlights & notes in your CORO notes
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.