Coro Energy PLC - Update re Bulu Acquisition Agreement
("Coro" or the "Company")
Update re Bulu Acquisition Agreement
The Company announces that the parties continue to progress the transfer of the participating interest in the Bulu production sharing contract and although the Waiver has been received, receipt of the Approvals has been delayed. As a result, the Bulu Acquisition did not complete by
The parties are currently negotiating a further 6-month extension to the Long Stop Date to accommodate the additional time required for the Approvals to be received (the "Extension") and the parties intend to enter into the Extension as soon as is practicable.
The Company will update shareholders in relation to the Extension, as appropriate, in due course.
For further information please contact:
Cenkos Securities plc (Nominated Adviser)
Tel: 44 (0)20 7397 8900
Tel: 44 (0)20 7390 0230
Tel: 44 (0)20 3167 7221
Tel: 44 (0)20 3657 0050
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
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