Anyone taken a punt on this stock, which floated today?

BOD should put out some note/news regarding the sp . The company is starting to lose credibility ..Sp falls day after day.

1 trade in an hour and a quarter.

A big seller still in the background. If the company gave some news, these shares would be bought up.

12% rise :-)) thought my fingers and toes were going to get burnt.

Bezzecca commercial production begins.
RNS
RNS Number : 9377E
Saffron Energy PLC
12 May 2017
 
 
12 May 2017
 
Saffron Energy Plc
("Saffron" or "Saffron Energy" or the "Company")
 
Bezzecca commercial production begins. Testing now complete.
 
 
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that testing of the primary production layers from the Bezzecca well is complete and production planning has been finalised. The initial plan now is to operate all three levels with an estimated combined flow of 30,000-35,000 cubic meters per day (scm/day). Steady commingled production will be achieved through the installation of a downhole choke above the Miocene level R.
 
Level A in the Pliocene has flowed in excess of the planned production rates at stabilised flows of 20,000-25,000 scm/day and is on production. This flow rate is above the levels estimated in the CPR.
 
Level R in the Miocene has also been tested and flowed at 25,000 scm/day slightly below CPR estimates.  
 
In addition, level S was flow tested for a shorter period, and will contribute to production at around 5,000-10,000 scm/day.
 
Production will continue in level A at 20,000-25,000 scm/day up to the end of June, with production levels increasing to 30,000-35,000 scm/day from early July when levels R and S will be added, once the bottom hole choke is delivered and installed.
 
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 to the national grid, which is owned and operated by SNAM Rete Gas S.p.A. The gas is sold to Shell Energy Italia S.r.l. under an existing off-take agreement.
The Company will provide a trading update in due course to include the Group revenue and profit figures, along with updated flow rates.
 
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "It's a very important achievement for Saffron to have moved into revenue producing commercial production at Bezzecca following completion of the commissioning and testing stage. Level A is now in production, producing above expected rates. We look forward to further increasing production in July when we move to comingled production from all three levels. We are also on track to bring Sant' Alberto on stream in Q4 2017 as well as actively seeking new opportunities to substantially increase revenue and production within the Group."

Bezzecca commercial production begins.
RNS
RNS Number : 9377E
Saffron Energy PLC
12 May 2017
 
 
12 May 2017
 
Saffron Energy Plc
("Saffron" or "Saffron Energy" or the "Company")
 
Bezzecca commercial production begins. Testing now complete.
 
 
Saffron Energy plc (AIM: SRON), the natural gas producer with interests in northern Italy, is pleased to announce that testing of the primary production layers from the Bezzecca well is complete and production planning has been finalised. The initial plan now is to operate all three levels with an estimated combined flow of 30,000-35,000 cubic meters per day (scm/day). Steady commingled production will be achieved through the installation of a downhole choke above the Miocene level R.
 
Level A in the Pliocene has flowed in excess of the planned production rates at stabilised flows of 20,000-25,000 scm/day and is on production. This flow rate is above the levels estimated in the CPR.
 
Level R in the Miocene has also been tested and flowed at 25,000 scm/day slightly below CPR estimates.  
 
In addition, level S was flow tested for a shorter period, and will contribute to production at around 5,000-10,000 scm/day.
 
Production will continue in level A at 20,000-25,000 scm/day up to the end of June, with production levels increasing to 30,000-35,000 scm/day from early July when levels R and S will be added, once the bottom hole choke is delivered and installed.
 
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 to the national grid, which is owned and operated by SNAM Rete Gas S.p.A. The gas is sold to Shell Energy Italia S.r.l. under an existing off-take agreement.
The Company will provide a trading update in due course to include the Group revenue and profit figures, along with updated flow rates.
 
Chief Executive Officer of Saffron Energy, Michael Masterman commented: "It's a very important achievement for Saffron to have moved into revenue producing commercial production at Bezzecca following completion of the commissioning and testing stage. Level A is now in production, producing above expected rates. We look forward to further increasing production in July when we move to comingled production from all three levels. We are also on track to bring Sant' Alberto on stream in Q4 2017 as well as actively seeking new opportunities to substantially increase revenue and production within the Group."

Your doubling up your posts dream , wonder if the share will double .

Obviously news was out yesterday and today was a sell on news day , don't think i'll invest here dream , a traders delight .

The company seems undervalued ? Keep hold and see.

20 trades all day. The company and its shares are just sitting on the fence. Would have thought the company would of got some sort of figures out by now, on the costs behind the scenes . I hope we have not been informed because they know and costs are high. Only really guessing and waiting, like the market is. Not a good message to send out, or lack of updating the market.

Michael Masterman, Chief Executive - Saffron Energy (SRON) I would of though is going to be popular at the Shares event in London on Wednesday 24 May 2017.

The company has only been trading on the AIM for about three and a half months, not good. A rare blue day today.

And down again.

Shares investor evening -


https://www.youtube.com/watch?v=4oowbZ04bEs&feature=em-uploademail

All talk, jam tomorrow.

I might be interested at 3p a share.

looks like yet another ipo where the directors have seized the opportunity to stuff their bank accounts at the expense of mug punters

Saffron 104% production increase in June quarter