Member Info for K3VMC

Mr Masterman IS PVE. The Selva flow rate is in line with anticipated flow rates. Nothing in the Selva flow rate will change anything on this deal.

The chances of PVE pulling out of this deal are very slim to none. Po Valley Chairman, Mr Michael Masterman, said today the proposed acquisition by Saffron of Sound Energy�s and Po Valley�s remaining Italian natural gas and oil assets as contemplated in the transaction, added significant larger assets to the Saffron portfolio. �From day one, this transaction will transform Saffron into a materially larger funded natural gas and oil company with critical mass through an exceptional balanced portfolio of high quality assets. The expanded company will own and manage a significantly larger Italian portfolio of natural gas fields and oil and gas exploration assets, positioning itself as a mid-cap regional gas producer and explorer. Key local executive staff from each of Sound Energy Italy, Po Valley Operations and Saffron will be retained. �The proposed addition of James Parson (CEO of Sound Energy Plc as Chairman and Fiona MacAulay (former COO Rockhopper) to the Board will greatly enhance Saffron�s financial and technical depth. The newly enlarged Saffron will be well equipped to quickly deliver on its growth ambitions and I am confident that they will result in significant value accretion to our PVE and Saffron shareholders alike.�

Gas?

Deepi, there is a lot more to come out of Italy in the near future. Their credentials as explorer, developer and producer are very well established, Indonesia is crying out for investment, JP has SOU investors behind him, as well as CIP Capital, and Mr Habibie can access deal makers with a single phone call. This will ten bag a lot faster than most PIs can imagine.

Pump and dump it, that's their motto. Libel.

Mike!!! You spent a very long time with Sara! She came straight from your table to mine. It was when i moaned about the open offer and the scaling back of the placing that she brought me over to meet you. There are only 100 PIs on the register, but many more with nominee accounts. Still, i think it would have cost a lot less than the launch, than to give out warrants to PIs. I cannot see them giving up Italy. They are too well set up there. just my opinion.

Legache, i understand what you are saying. I won�t repeat what their responses were, but as recently as this morning, i was trying to put my message over. As i said, i am happy to go along with them and invest more, but you have a reasoned argument for standing off and you have to go with your own views and instincts, obviously.

Legache, I put several of those points to SE, JP and FMcC last Thursday. I made them, shall we say, strongly. I got it out of my system, as it had been bugging me. I am over it now. I maintain that CORO will increase production, buy cheap gas producers in Europe, access new assets in Indonesia. JP did not sign up, just to fill his time after SOU. MM did not chuck in the PVE assets for fun. He expects CORO to be a commercial success. Well funded,technically competent, well connected in Italy and Indonesia, plus ambitious. I am a supporter.

Ezhik, snakes is correct. it has become clear that the final results for 2017 will differ materially from those previously anticipated in that announcement. Any shareware accounting package can provide accurate management accounts in real-time. I cannot believe this material difference is a massive shock to management.

So, very technically competent, with the top geologist from ENI, who was responsible for the liberalisation of the Italian gas market, who has detailed knowledge of poorly drained or untapped gas fields, all over Italy. Cash flow positive, with massive development and exploration development. Also, now fully funded. Let�s say with �16-18m, by the time all the cash gets counted,it can start to consolidate the Italy gas market. On top of that, we have one of the most respected public figures in Indonesia, a country with a massive energy deficit and a growing population, who can set up deals that no-one else can. This has nothing to do with numbers of shares. This is asset rich, cash generating and highly acquisitive. I am most definitely in.

Daytrader, the good thing about WRES tours is, they have cash in the bank and can afford to take you out for tapas and rioja. Indeed, that is where I was in the second week of February. Lovely town, Merida. Full of Roman ruins. Lots of ancient clay products. A bit like Hermerdon. actually. CASH IN THE BANK and SHINY NEW KIT (that works)

That is even better, when I can't see bulents responses! The Chaser, I know you have been away from the WRES board, visiting our friends, so I thought I would tell you that the CEO has confirmed that the Blackrock cash went into the WRES account last Friday and the Metso crusher will be on-site at La Parrilla in April 2018. Metso equipment for tungsten, not some old Chinese kit for clay. Don't be long now! We miss you on WRES.

https://audioboom.com/channel/sharepickers A very exciting project.

https://www.povalley.com/en/investors/news-asx-releases/energy-reserve-and-resource-upgrade-for-po-valley-maiden-reserves-of-2p-36-5-bcf-declared-for-teodorico

Legache, I took away a warm fuzzy feeling. I think this is set up nicely for next year. �14m cash in the bank, an experienced bod, a clear strategy and a new bod member that can open any door in Indonesia. Apart from ego-maniacal chubsters with ICBMs, what could possibly go wrong?

Legache, I took away a warm fuzzy feeling. I think this is set up nicely for next year. �14m cash in the bank, an experienced bod, a clear strategy and a new bod member that can open any door in Indonesia. Apart from ego-maniacal chubsters with ICBMs, what could possibly go wrong?

I forgot it was formal dress and turned up in chinos and a jacket. I thought I would be overdressed with a tie on!!! Oops!! Lots of bow ties and posh frocks!! Was well organised and catered for. Thank you SRON.

If you want a quick buck, try Ladbroke. There are no get rich quick schemes. The secret is to get very rich, slowly.

Thank you for the tungsten price update!

Having said that, the wine was very good indeed. Top marks for the wine.