Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Newly-listed oil and gas company aiming for big production uplift in Italy

Italian natural gas producer Saffron Energy (SRON:AIM) plans to boost production 10-fold after joining AIM (24 Feb). The company will use the £2.5m cash raised at the stock market listing to complete its Bezzecca gas field development. Cash flow from the field will be ploughed into a development plan. The shares are already up more than 40% on their 5p issue price to 7.2p.

‹ Previous2017-03-02Next ›