Member Info for K3VMC

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.

I'm sure BMD has his own reason for pumping AST. Whether he has any ability is a value judgement.

Rolls, excellent points, thank you.

SRON gets SOU assets SEHIL. SRON gets PO Valley assets. SRON pays with 190m shares. The clue is in the RNS.

Until you see the production figures from SRON. Until you see what they drill next. Until you see how SRON gets the best out of the combined assets.

Ok. 50-100p within 36 months. I forgot we have to pay SOU/POV for the assets!!

There is no need to look outside of Italy, at least in the medium term. Coro can be an order of magnitude greater than SRON, just with the acquired assets. There will be lots of time to look around for new deals, while these assets are being commercialised. �1 plus within 36 months.

Gold_dust "Wouldn't expect fireworks. Sou of loaded Italian assets because they were dusters." There may not be fireworks, but there will be a huge upside from here, SRON knows exactly where to drill. Badile was a duster, but there are definitely some great assets there, or SRON would not have taken them. Our experience and knowledge of existing gas fields in Italy is unique. Yes, our geologist is very talented and experienced, but it also helps that he knows exactly where to drill!

I have NO idea what this will do to the sp, except send it up. It was grossly undervalued as it was, without adding in the other assets.

Nice rise now.

FDA approval is a hard nut to crack, but that factory is so spotless and so well run, that the outcome was never in doubt

Troajan, nothing wrong with that theory, in my mind. What does he want bond money for, á la ANGS??

http://www.corelondon.tv/tungsten-demand-strong-supply-scarce-says-michael-masterman-nex-exchange/

Why? We just had a placing for £1.25. What can SRON possibly be buying that will need serious money for? How much will be raised? I'm thinking £3m+. Maybe £4m+. At a rate of 7-8% Combine those funds with SRON's undoubted geological intelligence and we could, very shortly, be looking at the ten-fold increase in production that Mr Masterman is aiming for, but with NO further dilution.

It's all in the Saffron presentation from 1st April, 2017. We should be looking at €8-9m for 2018. Not bad for a €6m mcap.

Strider4, I make the revenue between €3.8-4.9m, based on 50.000-60,000scmd. These are gas fields where they have been varying the flow rates. Every extra scm they produce adds €0.21 to pretax profit. I'm happy with that I believe the next well will also produce gas, and the well after that. A million here, a million there. After a while, you are talking about a lot of profit, for a mcap of £6m, with no debt.

Production from existing wells should be about 50,000scm/day, or about €3-4m/year. Whatever they spend the £1.25m (less expenses) on, you can be reasonably (or in my case, very) confident they will "find" gas. We can be many times more successful than Sound, because we have greater knowledge of where some juicy gas fields are, and we are so much more adroit at managing the permitting system in Italy.

I have no problem with your points. Except the IPO was at 5p. I took a million in that, which I still have. I also have a million bough between 5p and 4p. I posted those buys as they occurred. The placing was at 0% discount, as you could have bought at this price recently. I bought a million in the placing. Why? Not because I have any more information than there is in the RNS - that would be insider trading. I do not know what assets Mr Masterman has in mind. I don't have information, but I have knowledge, which I have shared on this board and others, many times. SRON has an exploration specialist, who worked for ENI for, 37 years?? He was in charge of opening up the state gas companies to competition. While he was not allowed to remove maps when he left the company, he is under no obligation to have his memory erased. He doesn't know where the bodies are buried, but he does know where abandoned gas fields are and how much gas was there when they were abandoned. Tonnacombe is the oil and gas expert, so I would listen to him, if I were you. Gas fields that were too small to interest ENI can turn SRON into SOUND on steroids. Someone mentioned Badile. When I brought that up, our man just shook his head. That was in February.. When did SOU find out it was a duster? That's why I bought. It's not what you know, it's who you know. I can help you being angry, but I honestly can't join in. To happy to be invested here.

legache Point the first: Funding was always a given. I cannot imagine a situation where a CEO would telegraph future placings, in terms of date or price. Maybe I'm a bit simple, but I just don't see how anyone can cost a purchase of an asset, not identified at IPO. Point the second: The placees have precisely the same information as has been given in the RNS. If they had extra information, that would be insider trading. If you wanted to have shares more shares, you could have bought them today at BELOW the placing price, as others did. You may even be able to buy them below 4p tomorrow. Very few people understand Saffron at this point, so perhaps this is a good time to buy, before it gets spelled out to the general investing public. Not a lot of point being angry. You are the only person who will be affected by that. I agree with you not selling your holding at a loss, though. Selling at a loss is rarely a good idea. ATB

There was no reason to raise funds, if there was nothing worth buying at the time. Maybe there is something worth buying now.