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Share Name Share Symbol Market Type Share ISIN Share Description
Saffron Eng LSE:SRON London Ordinary Share GB00BDCFP425 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.10p 4.00p 4.20p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -6.2 -4.1 - 7.62

Saffron Eng Share Discussion Threads

Showing 351 to 372 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
Over to CORO Monday:
Interview with CEO James Menzies starts at 06:50 mins:
@CoroEnergy (aka SRON) 5 hours ago Coro Energy reminds investors of General Meeting taking place tomorrow: Grant Thornton, 30 Finsbury Square, London, EC2A 1AG followed by an investor lunch at Finch's Pub 12a Finsbury Square. Please e-mail if you have have not secured your place.
That's a monster appointment .let's see what he can do for us even half as much as he did for salamander will do
New era of oil and gas in Indonesia March 9, 2018 Prahoro Nurtjahyo, adviser on investment and infrastructure development at the Ministry of Energy and Mineral Resources, explains the new gross-split regime, the legal framework behind it and its expected impact on Indonesia£s oil and gas industry. The terms of PSCs were overhauled when the government opted to switch from a cost-recovery model to a gross-split model, removing the burden of cost recovery from the government and courting foreign investors with more attractive terms. hTTp://
Current Price 97.50p +0.00p +0.00% Bid Price Offer Price 95.00p 100.00p High Price Low Price Open Price 97.50p 97.50p 97.50p Shares Traded Last Trade Market Cap (m) 0 06:41:12 53.63 CIP Merchant Capital Ltd Further update on Investment in Saffron Energy plc Intraday Cip Merchant Chart Intraday Cip Merchant Chart 05/03/2018 3:20pm UK Regulatory (RNS & others) TIDMCIP RNS Number : 7356G CIP Merchant Capital Ltd 05 March 2018 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 5 March 2018 CIP MERCHANT CAPITAL LIMITED ("CIP Merchant Capital" or the "Company") Further update on Investment in Saffron Energy plc Further to the Company's announcements of 22 January 2018 and 28 February 2018, the Company is pleased to provide the following update regarding its first investment. As per Saffron Energy plc's ("Saffron") announcement of 28 February 2018, Saffron has confirmed that it has made significant progress on a number of acquisitions in South East Asia that are consistent with its multi Tcf exploration gas strategy and that it has withdrawn, by mutual consent with Po Valley Energy Limited ("Po Valley"), from the acquisition of Po Valley Operations Limited ("PVO") (the "Po Valley Acquisition"). The Company believes that the revised transaction continues to represent an attractive investment proposition and accordingly, the Company is pleased to announce that it has re-confirmed to Saffron its second subscription of GBP5,438,862 as set out in its announcement of 22 January 2018 (the "Investment Announcement"). Resulting interest in Saffron As at the date of this announcement, following completion of the initial investment of GBP561,138 as set out in the Investment Announcement, the Company is currently interested in approximately 7.0% of Saffron's issued share capital. Subject to, inter alia, Saffron issuing a revised admission document, Saffron's shareholders approving the proposals at its general meeting and completion of the proposals, the Company will then be interested in 150,684,929 Saffron Shares representing approximately 21.0% of Saffron's then enlarged share capital. As a result of Saffron no longer proceeding with the Po Valley Acquisition, the 200,000,000 Saffron Shares to be issued to Po Valley as consideration for POV will now not be issued and therefore, whilst the number of Saffron Shares held by the Company on completion will not change, its resulting interest in Saffron's enlarged share capital will increase. As set out in the Investment Announcement, on completion the Company will also be interested in 68,493,150 warrants in Saffron. The Company also confirms that it is deemed to be acting in concert with Continental Investment Partners S.A., Metano Capital S.A. and Greenberry S.A, Marco Fumagalli and James Parsons (together the "Concert Party") for the purposes of the UK City Code on Takeovers and Mergers (the "City Code"). The Concert Party currently holds 14,092,500 Ordinary Shares, representing 7.0% of the Saffron Shares. On completion of the Saffron proposals the Concert Party will hold, in aggregate, 163,605,640 Saffron Shares, representing approximately 22.8% of the Saffron Shares and will also hold, in aggregate, a further 88,493,150 options and warrants in Saffron. Assuming the exercise by the Concert Party of all of the options and warrants held by them and no exercise of options and/or warrants by any other party, the Concert Party would hold, in aggregate, 252,098,790 Saffron Shares, representing approximately 31.3% of Saffron's then enlarged share capital. If the Concert Party was to increase the percentage of the aggregate voting rights it is interested in to 30.0% or more of Saffron issued share capital then they would be obliged, except with the consent of the Panel on Takeover and Mergers, to make a mandatory offer pursuant to the City Code and in order to avoid such an offer, CIP may therefore no
16:05 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 ( – 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
#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
2vdm, The b/b of Atalayer Mining without the idiots, have well informed opinion, put your query to the board, and research the suggestions and keep away from Indonesia. I hold ATYM, worth watching on any pullback.
head gardener
HG, any suggestions?
2vdm, selling at 6p, for a company which is pure hot air is a great price. Copper is a much better place to be invested,rather than here.
head gardener
I wonder if selling 80% of my holding at 6p was a good move or not? Time will tell.
Looks as if either SEHIL or PVO elements are not proceeding or have demanded new terms...
in short there is a deal making that may change the previous deal in a longer way 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.
Why has this been suspended?
Head garden, time will tell.
This thing is just a punt on Parsons View it as a punt into an unknown startup No real assets now Sold at 5.3p
Italian assets: Significant Italian gas discovery confirmed for Po Valley January 19, 2018 Strong gas flows on test have confirmed a significant commercial discovery for Australia’s Po Valley Energy Limited (“PVE” or the “Company”;) at its new Selva gas field in northern Italy. The Company announced today the strong gas flows had resulted from successful flow testing of the recently drilled Podere Maiar 1dir exploration well on the Selva gas field within the Podere Gallina Exploration licence in northern Italy (PVE 63% Operator; United Oil & Gas Plc 20%; Prospex Oil & Gas Plc 17%). That drill program intersected two identified gas reservoirs, C1 and C2, in the Medium-Upper Pliocene sands of the Porto Garibaldi Formation. The thickest level C2 (net pay 25.5 m) reported a peak flow rate of 148,136 scm/day on a 3/8 inch choke and a pressure differential of 11 bar with no water production. Pressure recovery to formation pressure occurred in 2 minutes. The higher level C1 (net pay 15.5 m) also reported strong flow test results with a peak flow rate of 129,658 scm/day on a 3/8 inch choke with good pressure recovery (about 12 minutes).
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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