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Saffron Energy (SRON)
Bullshare
- 24 Feb 2017 15:09
Anyone taken a punt on this stock, which floated today?
dreamcatcher
- 10 Apr 2017 18:07
- 33 of 67
BMD reckons gas is flowing.
dreamcatcher
- 12 Apr 2017 18:18
- 34 of 67
Final approval for first gas at Bezzecca
RNS
RNS Number : 2876C
Saffron Energy PLC
12 April 2017
12 April 2017
Saffron Energy Plc
("Saffron" or the "Company")
Final approval for first gas at Bezzecca
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that it has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field on 11 April 2017. Commissioning and gas production will commence in the coming days.
Bezzecca is located east of Milan within the established prolific, gas-producing Po Valley region in northern Italy and operated by Saffron's subsidiary Northsun Italia SPA (NSI). Gas from Bezzecca 1 is processed at the Vitalba processing plant and directly connected by the national grid.
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "We are extremely excited to be announcing first gas at Bezzecca as it represents a significant commercial and financial milestone for Saffron coming within 7 weeks of the successful IPO. It will significantly increase the overall Saffron gas production and strengthen our position and portfolio."
About Saffron Energy PLC
Saffron Energy is a natural gas producer with interests in Northern Italy. Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%)) and an application for a near-term gas production field (Sant'Alberto), all near Milan and Bologna. Saffron Energy commenced trading on the London AIM Market under the ticker of SRON on 24 February 2017.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
RNS
RNS Number : 2876C
Saffron Energy PLC
12 April 2017
12 April 2017
Saffron Energy Plc
("Saffron" or the "Company")
Final approval for first gas at Bezzecca
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that it has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field on 11 April 2017. Commissioning and gas production will commence in the coming days.
Bezzecca is located east of Milan within the established prolific, gas-producing Po Valley region in northern Italy and operated by Saffron's subsidiary Northsun Italia SPA (NSI). Gas from Bezzecca 1 is processed at the Vitalba processing plant and directly connected by the national grid.
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "We are extremely excited to be announcing first gas at Bezzecca as it represents a significant commercial and financial milestone for Saffron coming within 7 weeks of the successful IPO. It will significantly increase the overall Saffron gas production and strengthen our position and portfolio."
About Saffron Energy PLC
Saffron Energy is a natural gas producer with interests in Northern Italy. Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%)) and an application for a near-term gas production field (Sant'Alberto), all near Milan and Bologna. Saffron Energy commenced trading on the London AIM Market under the ticker of SRON on 24 February 2017.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
dreamcatcher
- 12 Apr 2017 18:35
- 35 of 67
TW recommends sell and all the sheep follow.
dreamcatcher
- 12 Apr 2017 18:38
- 36 of 67
He did the same for RRL. Just hope the sp re-gains the loss of today.
Bullshare
- 13 Apr 2017 09:03
- 37 of 67
If TW says sell it means its a buy!
kimoldfield
- 13 Apr 2017 11:02
- 38 of 67
I thought he had gone into hiding!😀
dreamcatcher
- 13 Apr 2017 16:14
- 39 of 67
I'm sure he was buying. :-))
dreamcatcher
- 18 Apr 2017 21:38
- 40 of 67
First Gas flows at Bezzecca
RNS
RNS Number : 5439C
Saffron Energy PLC
18 April 2017
18 April 2017
Saffron Energy Plc
("Saffron" or the "Company")
First Gas flows at Bezzecca
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that first gas production from the Bezzecca gas field commenced on Thursday 13 April 2017. Commissioning and ramp-up leading to anticipated flow rates in the range of 30,000-40,000 scm per day, equivalent to 190-250 barrels of oil equivalent per day (boepd) will continue today following a short shut down over the Easter break.
Production from Bezzecca is sold at a price of approximately €0.21 per scm which equates to €190-€250k per month in revenue, on production of 30-40,000 scm.
Reservoir performance will be evaluated during the current quarter on each of the three perforated levels and steady state production is expected mid-year. When combined with the Company's production from the Sillaro gas field, which alone is producing 10,000 scm per day, Saffron expects net production from its Italian assets to increase over four times its current production to 40-50,000 scm per day (approximately 250-315 boepd).
Bezzecca is located east of Milan within the established prolific, gas-producing Po Valley region in northern Italy and operated by Saffron's subsidiary Northsun Italia SPA (NSI). Gas from Bezzecca 1 is processed at the Vitalba processing plant.
Saffron has an offtake agreement with Shell Energy Italia S.r.l. for the gas produced from the Company's fields, which goes directly into the Italian national grid, owned and operated by SNAM Rete Gas S.p.A.
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "First gas at Bezzecca is a significant financial milestone for Saffron coming within seven weeks of the successful IPO. It has been completed on time and on budget and represents a great technical, financial and management achievement for the Company and shareholders. The commencement of production will boost revenues and operating cash flows consolidating our portfolio and provides further validation of the Company's strategy.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Saffron Energy PLC
Saffron Energy is a natural gas producer with interests in Northern Italy. Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%)) and an application for a near-term gas production field (Sant'Alberto), all near Milan and Bologna. Saffron Energy commenced trading on the London AIM Market under the ticker of SRON on 24 February 2017.
RNS
RNS Number : 5439C
Saffron Energy PLC
18 April 2017
18 April 2017
Saffron Energy Plc
("Saffron" or the "Company")
First Gas flows at Bezzecca
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that first gas production from the Bezzecca gas field commenced on Thursday 13 April 2017. Commissioning and ramp-up leading to anticipated flow rates in the range of 30,000-40,000 scm per day, equivalent to 190-250 barrels of oil equivalent per day (boepd) will continue today following a short shut down over the Easter break.
Production from Bezzecca is sold at a price of approximately €0.21 per scm which equates to €190-€250k per month in revenue, on production of 30-40,000 scm.
Reservoir performance will be evaluated during the current quarter on each of the three perforated levels and steady state production is expected mid-year. When combined with the Company's production from the Sillaro gas field, which alone is producing 10,000 scm per day, Saffron expects net production from its Italian assets to increase over four times its current production to 40-50,000 scm per day (approximately 250-315 boepd).
Bezzecca is located east of Milan within the established prolific, gas-producing Po Valley region in northern Italy and operated by Saffron's subsidiary Northsun Italia SPA (NSI). Gas from Bezzecca 1 is processed at the Vitalba processing plant.
Saffron has an offtake agreement with Shell Energy Italia S.r.l. for the gas produced from the Company's fields, which goes directly into the Italian national grid, owned and operated by SNAM Rete Gas S.p.A.
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "First gas at Bezzecca is a significant financial milestone for Saffron coming within seven weeks of the successful IPO. It has been completed on time and on budget and represents a great technical, financial and management achievement for the Company and shareholders. The commencement of production will boost revenues and operating cash flows consolidating our portfolio and provides further validation of the Company's strategy.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Saffron Energy PLC
Saffron Energy is a natural gas producer with interests in Northern Italy. Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%)) and an application for a near-term gas production field (Sant'Alberto), all near Milan and Bologna. Saffron Energy commenced trading on the London AIM Market under the ticker of SRON on 24 February 2017.
dreamcatcher
- 20 Apr 2017 19:28
- 41 of 67
Reading the boards - A lot of not very happy investors.
dreamcatcher
- 20 Apr 2017 20:19
- 42 of 67
Happy to wait.
Oxygene - 22 Apr 2017 08:58 - 43 of 67
Hi everyone, I have been looking at this company last few days and has caught my
interest,has anyone here done the sums on what Saffron are making per month or
annually at moment and what it could be after the work program has finished ? I'm
trying to evaluate the true value here compared to the market cap....it would be
good if one of the holders here could post some figures on this and may also help
others waiting on sidelines.Im not lazy its just I have not been able to find any
real info anywhere ( probably because its a new float ).
Many Thanks in advance !
interest,has anyone here done the sums on what Saffron are making per month or
annually at moment and what it could be after the work program has finished ? I'm
trying to evaluate the true value here compared to the market cap....it would be
good if one of the holders here could post some figures on this and may also help
others waiting on sidelines.Im not lazy its just I have not been able to find any
real info anywhere ( probably because its a new float ).
Many Thanks in advance !
dreamcatcher
- 22 Apr 2017 09:20
- 44 of 67
Hi oxygene ,
Post 40 explains most of what you have asked. The company will have about a £3m a year revenue. Silaro is already producing 10,000 SCM/ Standard cubic meters per day.
I think the IPO was to cheap, at I think 5p.So traders have sold into the news, with a good profit.
Post 40 explains most of what you have asked. The company will have about a £3m a year revenue. Silaro is already producing 10,000 SCM/ Standard cubic meters per day.
I think the IPO was to cheap, at I think 5p.So traders have sold into the news, with a good profit.
dreamcatcher
- 22 Apr 2017 16:43
- 45 of 67
From twitter - Turner and Pope seem to be the big sellers in the background.
Oxygene - 23 Apr 2017 11:59 - 46 of 67
Cheers dreamcatcher,i might take a closer look this week !
dreamcatcher
- 24 Apr 2017 15:31
- 47 of 67
Do not get this share, never recovers the loss of the day. Even with good buying.
It seems to be being marked down.
It seems to be being marked down.
dreamcatcher
- 24 Apr 2017 16:24
- 48 of 67
Good, recovering the 5% odd loss today.
Bullshare
- 02 May 2017 14:57
- 49 of 67
The Shares and AJ Bell Media events have brought together 1,000’s of investors with hundreds of listed companies and funds The line-up for our next event on Wednesday 24 May 2017 includes presentations from The Merchants Trust Plc and Caledonia Mining Corporation, with more companies to be announced.
Places at this event are very limited, so register now for your free ticket.
The evening is a perfect opportunity for existing shareholders or potential investors to hear from those that matter, the directors running the companies and fund managers managing their fund. Who better to explain the future potential and strategy.
Wednesday 24 May 2017
Venue:Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR
Event Timings:| 18.00 | Registration and coffee | |
| 18.30 | Presentations • Maurice Mason, VP - Caledonia Mining Corporation (CMCL) • David James Sumner, CEO - Healthperm (HPR) • Michael Masterman, Chief Executive - Saffron Energy (SRON) • Simon Gergel, CIO UK Equities - Allianz Global Investors & Manager - The Merchants Trust PLC + More to be announced | |
| 20.30 | Drinks reception and canapés | |
| 21.30 | Close |
Caledonia Mining Corporation (CMCL)
 | Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia's primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced over 45,500 ounces of gold in 2013 at a cash cost of US$613/oz. Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing. |
Healthperm (HPR)
 | Healthperm was founded with the objective of addressing the acknowledged shortage of permanent nurses in the healthcare systems in the UK and the UAE, through the recruitment of experienced professionals from the Philippines. The Board believes that Healthperm has the potential to provide both capital growth and income through dividends for shareholders. |
Saffron Energy (SRON)
 | The Group’s corporate strategy is to grow the production of gas and operations at its 3 core gas fields: Sillaro, Bezzecca and Sant’Alberto at a low-cost relative to other oil and gas companies, providing the basis for future shareholder value creation. |
The Merchants Trust PLC
 | Established in 1889, the Merchants Trust PLC aims to provide its shareholders with an above-average level of income which increases over time. The trust is managed by Simon Gergel, Chief Investment Officer, UK Equities at Allianz Global Investors. |
dreamcatcher
- 02 May 2017 19:24
- 50 of 67
BOD should put out some note/news regarding the sp . The company is starting to lose credibility ..Sp falls day after day.
dreamcatcher
- 08 May 2017 09:13
- 51 of 67
1 trade in an hour and a quarter.
dreamcatcher
- 09 May 2017 17:53
- 52 of 67
A big seller still in the background. If the company gave some news, these shares would be bought up.
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