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11 Mar 2019 | 14:48

Coro Energy welcomes Indonesia government approval for Mako development

Coro Energy said Indonesian authorities had approved a development plan for the Mako field in the country's waters.

Coro last month acquired a 15% stake in the Duyung production sharing contract, which includes the Mako field.

'We are pleased to see this project advancing so soon after the announcement of our acquisition,' chief executive James Menzies said.

'The Duyung partners are finalising plans for the 2019 drilling campaign which we expect to commence in late summer and we look forward to updating the market shortly with our plans.'

At 2:48pm: (LON:CORO) Coro Energy Plc Ord 0.1p share price was +0.03p at 2.08p

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