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Coro Energy PLC - low carbon energy in South East Asia - Resumes gas production at Sillaro in Italy, which is currently producing at a stabilised rate of around 17,000 standard cubic metres per day, and expects 2022 average production rate of 13,500 scm per day.
Now expects to generates €5 million per annum of free cash flow from its Italian portfolio now that Sillaro has returned to production, due to a strong European gas market backdrop and current prices.
Current stock price: 0.47 pence, up 6.8%
12-month change: up 38%
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