Coro Energy Plc Updates On Drilling Operation In The Duyung Production Sharing Contract

  • Oct 25, 2019 BST
  • Team Kalkine
  • Coro Energy Plc (CORO) has come up with an update on operation for the drilling operation in the Duyung Production Sharing Contract.
  • The operator of the well has informed the DST (Drill Stem Test) efforts across the intra-Muda reservoir have not been successful, due to formation damage.
  • The company holds 15 per cent interest in the contract, which is situated in West Natuna Basin, offshore Indonesia.
  • On 25th October 2019, at the time of writing, GMT 11:55 AM, CORO shares were trading at GBX 2.50, down by 0.33 points or 11.50 per cent against the previous day closing price.

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