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Saffron makes strong AIM debut
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.