Saffron Energy

Saffron Energy is a natural gas producer with interests in Northern Italy. Its portfolio includes one gas production (Sillaro), one near-term gas production field (Bezzecca (90%) andan application for a near field (Sant\'Alberto), all near Milan and Bologna. These assets are being spun out from Po Valley Energy Ltd (\"PVE\") (ASX: PVE), an Australian company, and will be now held through Saffron\'s wholly owned Italian subsidiary, Northsun Italia S.p.A (\"NSI\").