Duyung sale: completion and receipt of shares

Summary by AI BETAClose X

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.

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Coro Energy (CORO)
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