Hey everybody! Welcome.
The basics: silveroak is the SG.
Praesidium Orae is the covenant. It's in Southern Italy.
The current Magi are: Evandrus of Merinita, a Founder of the covenant: Taurus of Bjornaer, a Founder also: Andros ex Flambeau (about 36 years post Gauntlet), and Aurthor ex Miscellanea (a Pralician variant, also about 30 years post Gauntlet): Danaë of Mercere, a Mythic Redcap; Anna Romano ex Miscellanea, recently Gauntleted, apprenticed to Aurthor; Gloriana Sentis ex Merinita, recently Gauntleted, apprenticed to Evandrus. Current apprentice: Giovanni, to Taurus.
There are currently 4 Companions, and due to a Ritual botch, a lot of women became pregnant, including the Magas, and so there's a batch of 7 year olds including Companions in training.
Currently silveroak is running Taurus (though I'm sure he would cede that to whomever wishes to run him), Quite Possibly a Cat has Evandrus and Anna, and I (Ignes.Festivus) am running Andros, Danäe and Gloriana.
The concept of the Saga was "create your apprentice and your parens, another player will run the parens you created. Use the home-brewed Fast Advancement Rules to move from the beginning in 1100 to 1220. In 1220 your Apprentices will now be Arch Magi, most probably, and the slow Saga, with the role-playing and all begins. By this time, the parens must be dead or in Twilight; even if alive, they will be unavailable. If a player abandons the game, another person will be recruited, and must run the abandoned character." Right now, not sure what silveroak is planning on relaxing or adding to this last bit.
I would guess available is Taurus Bjornaer, his apprentice Giovanni Bjornaer, and Aurthor ex Miscellanea. All of the Magi are excellent teachers, my character Andros is the only one without an apprentice, was planning on taking one in 1130 (which any of you could design and run, but be taught by Andros)
The way we play involves a lot of book-keeping, can't deny that! 
Each year we declare seasonal activities, including adventures (you often can sneak an adventure even if studying or writing books), and the SG rolls for adventures as well, using the characters' Story flaws and the Covenant hooks, and then we again get to declare who is going where and with who. Then silveroak rolls for difficulty, adventure theme, length, etc, and we resolve this. Each player is responsible for rolling (we are using Coyotecode) and narrating to some extent the adventures his/her players have initiated or are the center of (due to some Flaw). As for the other adventures, where multiple Magi show up and are covenant Hooks, somebody must volunteer to become responsible for, as well as the results, from those Fast advancement home-brewed rules I mentioned. These adventures are posted here
So I think those are the basics. The ideal is to advance 1 year each week, we are in 1119 currently.
The rest are things to pick up if you decide to play. We have a Google doc page to post the seasonal activities, and a wikidot with everybody and everything in the Covenant.
silveroak will surely correct me if I have missed anything.
Really hope one or both of you can stay and enjoy this Saga. One often gets to talk about advancing characters all the way to Arch Magi-hood (-dom?), but seldom gets the chance.
*edited to clarify and post what silveroak offered in the advert:
So yeah, you can make new Magi! Cool!