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Coro Energy: The Sheriff of AIM vs The spider kisser Gary Newman, its ouzo for the Sheriff already

Back on December 8 2022, poisonous spider kisser Gary Newman tipped Coro Energy (CORO) at 0.31p HERE. I then explained why Garry should stick to snogging spiders as anyone tipping a James Parsons run company was bonkers. The shares are now just 0.24p mid and there is an RNS that the market is yet to digest. It is horrific.

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I'm not a fan of Coro Energy or its management, but if there is any truth in the rumours about assets in Baluchistan it has speculative potential

Looking at the assets which are held by Coro Energy (CORO) and the involvement of James Parsons as executive chairman, it would be easy to quickly dismiss it and move onto something in the oil and gas sector with more potential.

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#CORO Energy – raises £0.15m in 0.4p per share open offer, a just 28% take-up

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#CORO Energy – up to £0.5m open offer at 0.4p per share

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Coro Energy – “Golden Hello” bonkers scheme: the Hoods coin it in

After hours Coro Energy (CORO) declared a placing and open offer to re-invent itself as a “green business”. The deal values a company of no substance at £572,280 of shareholders cash as a “Golden Hello” and £150,000 per annum and share options to the same value to the 50% owner to become the CEO. Nice work if you can get it!

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#CORO Energy – negotiating further 6-month extension to Bulu acquisition long-stop date as continues to await regulatory government approvals

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#CORO Energy – intra-Muda reservoir drill stem test “efforts have not been successful, due to formation damage”

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#CORO Energy – drilling of Tambak-2 well commenced, “total time to drill, core, log and test is estimated to be approximately 33 days”

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UK Investor Show video – Coro Energy (#CORO)

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Why Coro Energy was my Dragon's Den pick

Coro Energy (CORO) was my pick this year during the Dragon’s Den session I was involved in at the UK Investor Show, and I also hold a small position here myself from around the current share price. Like many smaller companies in the oil and gas sector, it is an investment that I class as being speculative, hence not risking huge amounts of money in it at this stage – but there is also a lot of potential upside...