Coro Energy Share Discussion Threads

[geordy2] 22/3/2018 16:34

I see they have addressed the lack of G & G experience as mentioned in my previous posting.

[steelwatch] 22/3/2018 07:51

High profile CEO appointment just announced:

[kazz] 13/3/2018 16:29

hxxps://guerillainvesting.co.uk/2018/03/13/saffron-energy-coro-energy-bit-convoluted-goodun/

[steelwatch] 01/3/2018 16:25

Copied from the SRON thread:

qackers
1 Mar '18 - 16:05 - 349 of 349
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Po Valley retains Italy assets following mutual termination of Saffron deal
1ST MARCH 2018

BY: MARIAAN WEBB
CREAMER MEDIA SENIOR RESEARCHER AND DEPUTY EDITOR ONLINE


JOHANNESBURG (miningweekly.com) – Australia-based gas producer Po Valley on Thursday announced that it would retain its northern Italy gas assets, after a deal with UK firm Saffron Energy for the sale of Po Valley Operation (PVO) was terminated.

The transaction formed part of a broader three-way commercial deal to create a large European oil and gas business and from which Saffron intends to expand its interests to include South East Asian oil and gas assets.

ASX-listed Po Valley reported on Thursday that the decision to terminate the transaction, announced in January this year, was mutual and followed discussions between the companies' tax advisers and the Australian Taxation Office (ATO).

The sticking point was the 200-million shares in Saffron that Po Valley would receive for its northern Italy operations. Po Valley reported that its tax advisers were of the view that a favourable class ruling to grant demerger relief to Po Valley shareholders would be unlikely for the in-specie distribution of these shares.

Further, BDO Corporate Finance that was tasked with delivering an independent experts report was of the view that the transaction was “neither fair, nor reasonable”, particularly as a result of the independent experts’ valuation of the Selva and Teodorico gasfields.

Po Valley stated that, despite terminating the PVO sale, it remained supportive of the proposed Saffron and Coro transaction and the acquisition of Aim-listed Sound Energy Italy Holdings by Saffron.

Po Valley holds 100-million shares in Saffron and it said that it intended to vote in favour of the other transactions.

EDITED BY: CREAMER MEDIA REPORTER

[steelwatch] 27/2/2018 17:51

#SRON #CORO Saffron Energy plc Further to its announcement of 23 February 2018, Saffron Energy, the pan Euro Asian gas explorer, confirms that it is close to signing an agreement in respect of a substantial change to the transaction in respect of which it expects to make a definitive announcement tomorrow, 28 February 2018.

[steelwatch] 23/2/2018 18:57

The original Admission Doc is linked in the header above the map.

[steelwatch] 23/2/2018 18:54

23 February 2018
Saffron Energy plc
("Saffron Energy" or the "Company")
Temporary Suspension of Trading on AIM
.
On 16 February 2018, Saffron Energy, the pan Euro Asian gas explorer announced that it had published a circular to shareholders comprising an AIM admission document ("AIM Admission Document"), convening a general meeting at which shareholders were invited to approve, inter alia, the proposed acquisitions of SEHIL and PVO and the issue of shares necessary to complete the fundraising announced on 22 January 2018.
The Company is expecting to update investors shortly regarding its South East Asian acquisitions and a fundamental change to an element of the transaction which will likely require the publication of a supplementary AIM admission document. As the Company is not yet in a position to give details of a termination agreement in respect to that element of the transaction that is in the process of negotiation, it has requested a short, temporary suspension of trading in its shares pending announcement of an agreement in respect of that element of the transaction and publication of the Supplementary AIM Admission Document.

A further announcement will be made as soon as possible but in any event, no later than Tuesday 27 February, when the Company intends to update investors on its activities in South East Asia and the proposed acquisitions of SEHIL and PVO.

[steelwatch] 16/2/2018 17:28

Give them time geordy. Early days and CORO will follow the SOU and ECHO team building format.

[geordy2] 16/2/2018 17:08

Re Malcy interview with Sara.

Seems they have a load of management and finance bods, but where is the G & G expertise. Sara talks about Fiona, but I am sure she has her hands full in S America.

So far lots of good words, but very lightweight in technical details.

G2

[steelwatch] 08/2/2018 13:02

Result of General Meeting

Sound Energy, the Moroccan upstream gas company, announces that the resolution put to Sound Energy shareholders at the General Meeting of the Company held earlier today to enable, subject to confirmation of the Court, the reduction of capital described in the Circular, was duly passed.

Further announcements in relation to the Company's conditional divestment of Sound Energy Holdings Italy Limited will be made, as appropriate, in due course.
Unless otherwise defined in this announcement, all defined terms used in this announcement shall have the meaning ascribed to them in the circular posted to shareholders on 23 January 2018.

[steelwatch] 06/2/2018 11:32

RNS Number : 0280E
Saffron Energy PLC
06 February 2018

Saffron Energy Plc
("Saffron" or "Saffron Energy" or the "Company")

Coro Launch Event

Saffron Energy (LON:SRON), the AIM quoted explorer with a Pan Euro Asian expansion strategy, is pleased to invite all investors to the Coro Energy launch event that will be held on the evening of 15 February, at which the Company will present on its new strategy.

For further details, please
email Sarah Dees, Head of Investor Relations, on [e-mail], or visit www.coroenergyplc.com to subscribe for email updates.

The preparation of the Admission Document, along with the shareholder circular is well underway and the Company expects to be in a position to publish the Admission Document on or around 16 February. However, the Company will update shareholders on progress in due course.

For more information, please visit www.saffronenergy.co.uk / www.coroenergyplc.com or contact the following:

Saffron Energy/ Coro Energy
plc [phone]
Sara Edmonson, CEO [e-mail]
James Parsons, Non-Executive [e-mail]
Chairman

Grant Thornton UK LLP (Financial [phone]
& Nominated Adviser) 5100
Jen Clarke
Colin Aaronson
Harrison J Clarke

Turner Pope Investments (TPI)
Ltd (Broker) [phone]
Ben Turner [e-mail]
James Pope

[steelwatch] 01/2/2018 11:39

Coro Energy would like to invite investors to attend our strategy launch event which will be held at Grace Hall, Leadenhall, London on Thursday 15th February 2018.
Venue address: Grace Hall, 147 Leadenhall Street

Start time: 6:15 pm
Dinner: 7pm
Carriages: 10:30pm
Closest tube stations: Monument, Bank, Liverpool Street
Dress Code: Formal
Further details and timings of presentations to follow.

Please register via the Eventbrite system by 17:00 on Friday 9 February 2018 to confirm your attendance.

The venue requires all names prior to entrance for security. Spaces are limited and registration may close early without notice if full capacity is reached. No late registrations will be accepted.

Admission is strictly by RSVP ticket. One ticket per confirmed guest with a maximum of 2 tickets per registration upon submission of full names and email addresses.

E-mail: [e-mail]

Places limited.

[steelwatch] 31/1/2018 21:30

Behind the scenes Andrew Dennan, Coro Energy

[steelwatch] 31/1/2018 13:59

@SaffronEnergy
5 hours ago

Saffron Energy #SRON: Coro Energy Launch Event and Fourth Quarter Italian Production Update
…

[steelwatch] 31/1/2018 13:45

Interesting! We know our little bird has flown off to "faraway lands" - so what is the significance of this tweet to Coro????

[steelwatch] 31/1/2018 09:46

Coro Energy Launch Event and Fourth Quarter Italian Production Update