IN BRIEF: Coro Energy suspends Sillaro well due to hot weather

Coro Energy PLC - London-based gas explorer - Suspends its Sillaro well in Italy following a ...

Alliance News 26 May, 2022 | 6:16PM
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Coro Energy PLC - London-based gas explorer - Suspends its Sillaro well in Italy following a period of unexpectedly hot weather which has seen an increase of moisture in gas production. "The company is assessing various solutions to this problem and expects this issue to be resolved shortly," Coro says. Company also begins a slick line campaign at Casa Tiberi and Casa Tonetto. Coro says it is encouraged by the results at both sites. Hopes to restart production at Casa Tonetto at 2,000 standard cubic metres of gas per day.

Current stock price: 0.34 pence

12-month change: down 2.9%

By Heather Rydings; heatherrydings@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Coro Energy PLC 0.26 GBX -1.89 -

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