In a small bowl crush the dry saffron threads with the back of a spoon. Add warm water, then add Pimenton (paprikas). Whisk together and let infuse for 1 hr.
PAM pan and add chorizo to paella pan. Over medium heat, render the fat. Remove the chorizo.
Add onion and bay leaves. Sauté until onions are soft and translucent – about 10 mins.
Add bell peppers and sauté until soft. Add garlic and when the aroma releases, immediately add wine. Allow the alcohol to evaporate – about 3-4 mins.
Add tomatoes and sauté until they soften. Turn heat down.
Add piquillo peppers and the Saffron-Pimenton water and stir to mix.
Remove Bay leaves.
Add chorizo back to pan. Add rice to pan. Fold in rice to season and coat on all sides.
Add salt to seafood stock and pour in enough to barely cover rice (~ 2 cups). Bring mixture to a boil for 1 min. Decrease heat to medium and simmer for 10 mins.
After 10 mins add lobster/shrimp – nestle in but don’t disturb rice. Add stock if required.
Simmer for ~ 10 mins more. Check and simmer a bit more if needed.
Increase heat to high and cook for 1-2 mins to caramelize rice on bottom. Remove from heat. Sprinkle peas on top. Serve with lemon wedge and parsley garnish.