Coro Energy Announces Bezzecca Production Update

Coro Energy Plc, the South East Asian energy company with a natural gas and clean energy portfolio , is pleased, further to the Company's announcement of 9 November 2022 which confirmed the resumption of production at the Bezzecca gas field in Italy, to provide an update on stabilised production rates from Bezzecca.

Production commenced on 8 November 2022 and was initially constrained by the Company at lower rates which were increased gradually to keep the Water to Gas Ratio under control, with the plan to reach a stabilised production plateau following the best practices of reservoir management. The well has been producing at a stabilised rate of 15,000 scm/day since 18 November 2022 with very good pressure support giving good indications for the long term field performance.