Coro Energy (LSE:CORO), the South East Asian renewable energy developer, has completed the sale of its interest in the Duyung PSC and received 500,000 shares in Conrad Asia Energy Ltd.
The shares were issued following approval by Indonesia's Ministry of Energy and Mineral Resources and have a value of approximately US$177,500 based on Conrad's AU$0.50 closing share price on 24 April.
The Transaction was first announced on 10 April 2025 and subsequently updated on 14 May 2025, 1 September 2025 and 1 October 2025.
