Saffron Energy (LON: SRON) the AIM quoted European natural gas company with interests in Northern Italy, is pleased to announce that it has entered into non-binding conditional heads of terms (the "Heads of Terms") with Sound Energy Plc ("Sound Energy") and Po Valley Energy Limited ("Po Valley") under which it is proposed that Saffron Energy acquires both Sound Energy's and Po Valley Energy's portfolio of Italian interests and permits.

Michael Masterman speaks about the proposed that Saffron Energy acquires both Sound Energy's and Po Valley Energy's portfolio of Italian interests and permits.

Recorded 5 Oct 2017