Saffron Eng Share Discussion Threads

[head gardener] 16/2/2018 19:07

Bezzecca resource reduced by half and no mention of this in I/V between Fluffy and the overweight eunuch.Saffron's assets in Italy are worth the cost of a badly burnt pizza. Go with the ramp but as a investment this is pure hype.

[falia] 16/2/2018 15:51

guys cha now up 37% , news leaked

[winnet] 16/2/2018 15:17

there is one placing ahead, which we know about.

[bionictwat] 16/2/2018 11:16

Junk simple

[head gardener] 16/2/2018 09:51

This is a stock to avoid, I can see several placings ahead. IMHO.,sell into the current ramp.

[dmk1198] 16/2/2018 08:23

Up to 6.6p todayGreat potentialName change not to march vote at earliest

[qackers] 15/2/2018 09:12

try "CORO".

[orm5] 15/2/2018 08:22

Will this come back under the same ticker or a new one ?

[steelwatch] 31/1/2018 13:58

@SaffronEnergy
5 hours ago

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

[steelwatch] 25/1/2018 13:31

A future new home for SRONers:

[paddyfool] 22/1/2018 10:03

I think it will soar the issue is around relative production and how that relates to dilution.

[rollthedice] 22/1/2018 07:46

RNS - already heavily diluted, SRON holders will be further diluted by a large placing (c320m shares) & open offer (c45.6m) @ 4.38p. With open offer @ 4.38p post-reverse takeover we're not going to see any price recovery even when it comes out of suspension.

Total shares 186m (current) + 186m (SEHIL) + 200m (PVO) + 365m (placing/open offer) = 937m ~ so existing holders have been diluted down to 19.85% of shares in issue.

Upside are new assets/production but these will have to be significant to see any rise in the share price imho.

[steelwatch] 15/1/2018 17:25

One of the most successful CEO on the London Alternative Investment Market (AIM), James Parsons, and his team will be also talking about the developments and progress with his Italian gas operations and the new venture with Saffron Energy / Coro Energy, the proposed new name chosen the re-launching of the Italian natural gas producer Saffron Energy, who came to market (IPO) in February 2017. The market waits with baited breathe (sic)….



Also, Fiona MacAulay presenting for ECHO if anyone here interested.

[winnet] 04/1/2018 20:55

hxxps://saffronenergy.co.uk/media/videos/london-stock-exchange-welcomes-saffron-energy

I cannot believe this was less than a year ago. I wonder what all those who bought into Mastermans story are thinking now. I wonder why he quit the BOD completely.

[winnet] 04/1/2018 16:34

Nope, I am afraid Turner and Pope and my own broker are being tight lipped. I would expect by the end of February as the very latest.

SRONs work is still going on in the background and Selva, which is one of the CORO assets had a strike in the interim. These things are all good and I am awaiting details of the deal with eagerness.

There are some rumours flying about of a placing, but i would hope the CORO team would not overly dilute SRON holders, many of whom participated in the IPO at much higher levels and where given assurances of a certain strategy.

[orm5] 02/1/2018 13:57

Does anyone have an idea on the timing for next steps on this one ?

[paleje] 12/12/2017 16:04

I thought they originally said he was stepping down to NED not leaving completely. Maybe he's got his hands full with WRES or maybe he's taken as much as he feels he can from SRON, greater scrutiny now.

[2vdm] 12/12/2017 07:38

I'm not sure why Masterman is leaving immediately. Has he done his job of turning this into the next-level-up company or is he throwing in the towel?

[winnet] 06/12/2017 09:53

Stike on Selva, this will be interesting when it comes back in 8 weeks... Plus we should get San Alberto update by then as well as another quarter of Bezzecca flow rate/cash.

We are being diluted by half, but for what we are getting, its a great deal. IMO

[steelwatch] 09/11/2017 12:16

James and team presenting triple bill Sound Energy, Echo Energy and Coro Energy at Turner Pope event, 6 Dec Register at [e-mail]

[winnet] 12/10/2017 15:53

Credit guy over on LSE: KV3MC

Production and development:

Selva onshore gas field (2C 17 Bcf),
Teodorico offshore Adriatic gas field development (2C 47 Bcf),
Sillaro (2P+C 3.3 Bcf ),
Bezzecca (2P+C 6.0 Bcf),
Sant� Alberto (2P 2 Bcf),
San Lorenzo (2P 0.1 Bcf),
Rapagnano (2P 1.0 Bcf)

Exploration:

Torre Del Moro,
Laura (most likely 17.1 Bcf),
Dalla (most likely 24.6 Bcf) and
Maria Goretti (most likely 32.8 Bcf).

So SRON goes from 12Bcf Prod and Dev, to 77Bcf Prod and Dev. It also gets (probable) another 75Bcf exploration, plus Torro del Moro, however big that is.

Think of CORO as being ten times SRON, at least. SRON shareholders have been diluted from 35% to 16%, which I think is excellent value for the assets injected. We also get to have James Parsons as chairman. I have every respect for Mr Masterman, but it gets very boring and a little irritating to hear the same idiots trot out the "smoke and mirrors" and "snake oil salesman" garbage. They will have to try a lot harder with Mr Parsons. Anyway, this can go EXACTLY the same way as SOU - I don't care who get's it there.

I can't speak for any other placees, but I bought in both placings, plus loads in the 4-5p range. I have sold a grand total of ZERO shares.

[oilandgas1] 11/10/2017 08:47

Any news on the timetable for listing the combined entity or the merger equity details? For colo ( aka Aron)??

[the foxthe fox] 11/10/2017 08:22

European Gas Opportunity
hxxp://cassiopeia-ltd.com/2017/10/european-gas-opportunity-towards-clean-energy-economy/