CORO ENERGY PLC Q3 2023
CORO ENERGY PLC
A SOUTH EAST ASIAN LOW CARBON ENERGY BUSINESS
UPDATED 12/09/23
PRIVATE & CONFIDENTIAL
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 give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.
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EXECUTIVE SUMMARY
"Blending SE Asian high quality gas assets with growing renewables"
ASSETS | STRATEGY |
SOUTH EAST ASIA PORTFOLIO
15% Interest in Duyung PSC containing Mako Gas field in Indonesia; 437 Bcf discovered gas resource (gross) with recently signed GSA heads
Revenue producing 5.4MW Vietnamese rooftop Solar portfolio
100MW onshore Solar and 100MW onshore wind projects in Philippines (development stage) with recent permitting progress
Support operator of Duyung to reach FID and farm out and / or monetise earlier given current strong global gas backdrop
Increasing deployment of capital into Asian renewables projects
Continue to evaluate new projects in the region across oil, gas and clean energy
Maintaining alignment with investors in the Eurobond, maturing in April 2024.
2 | 150MW SOLAR PORTFOLIO | 100MW WIND PROJECT | 4 | |
(VIETNAM) | ||||
(PHILIPPINES) | ||||
100MW SOLAR PROJECT | 3 | |||
(PHILIPPINES) |
1 | DUYUNG PSC GAS |
(INDONESIA) |
Coro Energy plc's equity essentially a leveraged play on commodity prices (Duyung NPV10 US$87M - net to Coro at USD80/bbl)
EXECUTIVE
SUMMARY
3
THE TEAM
James Parsons
Executive Chairman
Experienced AIM Chairman with over 25 years' experience
in the fields of strategy, management, finance and corporate development
Qualified accountant and has a BA Honours in Business Economics
Leonardo Salvadori
Managing Director
(Oil & Gas)
Leonardo has over 30 years of international exploration, business development and general management experience.
He has worked in Libya and Norway as an explorationist and in Italy with exploration and new venture roles, focussing on international asset evaluations, portfolio development and corporate acquisitions.
Michael Carrington
Managing Director (Renewables)
30 years' experience of energy efficiency and clean tech generation in the built environment, including strategic management, acquisition integration, research development, commercialisation, origination, due diligence and project pre-development across Europe,
UK and ASEAN countries.
Ewen Ainsworth
Chief Financial Officer
Non-Executive Director of Corcel Plc and CEO of Discovery Energy Limited, an advisory, consultancy and investment company with over 30 years experience in a variety of board level roles.
Qualified accountant
THE TEAM
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Stephen Birrell
Independent
Non-Executive Director
Non-Executive Director of Ascent Plc, director of Ossian Energy Limited and president of ROPEPCA, the upstream oil and gas operator association of Romania. Spanish speaking geoscientist with over 35 years experience in the upstream oil and gas industry.
BSc Honours in Applied Geology
Marco Fumagalli
Independent
Non-Executive Director
Non-Executive Director & Managing Partner with over 25 years' experience in private equity, infrastructure, energy and biosciences, among others
Qualified accountant with a degree in Business Administration
Naheed Memon
Independent
Non-Executive Director
Dual UK and Pakistani national who has worked extensively across the private and public sector in both Pakistan and internationally.
She routinely rotates between Islamabad, Dubai and London and is Chief Executive of AIM quoted Oracle Power plc.
Tom Richardson
Independent
Non-Executive Director
Currently Chairman of Fenikso Limited and an independent director of Canadian Overseas Petroleum Limited. Previously an Executive Director of Nostrum Oil & Gas Plc a UK FTSE 250 premium listed company and has worked for ING, JP Morgan and NM Rothschild covering investment banking, capital markets and credit.
WHY SOUTH EAST ASIA?
Rapid GDP growth will | Significant new annual investment in | |
increase energy demand | renewables is forecast to 2040 to meet | |
growing demand |
Governments noted to be shelving coal projects in favour of clean energy substitutes
WHY SOUTH EAST ASIA?
PROJECTED ASEAN GDP GROWTH, 2020-2040
20,000 | |||||
15,000 | |||||
BILLION USD | 10,000 | ||||
5,000 | |||||
2020 | 2025 | 2030 | 2035 | 2040 | |
BRUNEI | LAO PDR | PHILIPPINES | THAILAND | ||
CAMBODIA | MALAYSIA | SINGAPORE | VIETNAM | ||
INDONESIA | MYANMAR |
ELECTRICITY
DEMAND
2000 | |||||||
HOURS | 1600 | ||||||
1200 | |||||||
TERAWATT | |||||||
800 | |||||||
400 | |||||||
0 | |||||||
2010 | 2018 | 2020 | 2025 | 2030 | 2035 | 2040 |
FORECAST NEW INSTALLED CAPACITY
ANNUALLY TO 2040 - GIGAWATTS
COAL
GAS
RENEWABLES
0 | 2 | 4 | 6 | 8 | 10 |
SOLAR PV | WIND | HYDRO | OTHER RENEWABLES |
RENEWABLES AS A SHARE OF PRIMARY ENERGY SUPPLIED - 2021
UK
VIETNAM
THAILAND
PHILIPPINES
MALAYSIA
INDONESIA
0% | 6% | 12% | 18% | 24% | 30% | >36% |
COAL AS A SHARE OF
PRIMARY ENERGY SUPPLIED - 2021
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SOURCE: 6TH ASEAN ENERGY OUTLOOK 2020 | SOURCE: IEA 2019 |
SOURCE:BP STATISTICAL REVIEW OF WORLD ENERGY 2021
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Coro Energy plc published this content on 12 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2023 15:07:02 UTC.
