UK 10:55 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Once upon a time James Parsons appeared to walk on water. Folk like Brokerman Dan waxed lyrical about how the Parsnip could create value from nothing. Zak Mir’s charts looked great. They always do. In reality it was all a great promote and the castle built on sand that was Sound Oil/Energy (SOU) crashed to earth. Today shareholders in Coro Energy (CORO) have voted Parsnips off its board and its shares have been suspended. I can reveal that worse is to follow…
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.
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.
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!
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...
