TIDMSCIR

RNS Number : 2665V

Scirocco Energy PLC

08 August 2022

8 August 2022

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Tanzania Operations Update

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, notes the update issued today by Aminex PLC on operations at the Kiliwani North Development Licence (KNDL), in which Scirocco holds a legacy 8.39% non-operated working interest.

-- Orca Energy Group Inc. ("Orca") announced that 3D seismic acquisition programme, covering a total area of 200 km2 to include the adjacent Songo Songo Licence with a ca. 12.5 km2 incursion into the Kiliwani North Development Licence ("KNDL"), has been awarded to African Geophysical Services LLP ("AGS")

-- Orca is targeting completion of the acquisition programme before year end to align with the optimum weather window and assure the highest quality data, subject to receiving final environmental approvals

-- The resulting data covering the KNDL will be acquired at zero cost to the Kiliwani North joint venture, and will help in identifying fault trends, improving reservoir definition and improving the understanding of the Kiliwani North and South structures.

Tom Reynolds, Scirocco's CEO commented:

"We are pleased to note the positive progress reported by Aminex today, which will better characterise and enhance the JV's understanding of the potential resource. In so doing, this should support the Company in exploring options to divest or otherwise realise value from the asset as it pivots to investments in sustainable energy and the circular economy."

For further information:

 
 Scirocco Energy plc 
  Tom Reynolds, CEO                                +44 (0) 20 7466 
  Doug Rycroft, COO                                 5000 
 
   Strand Hanson Limited, Nominated Adviser          +44 (0) 20 7409 
   Ritchie Balmer / James Spinney / Rory Murphy      3494 
 
   WH Ireland Limited, Broker                        +44 (0) 207 220 
   Harry Ansell / Katy Mitchell                      1666 
 
   Buchanan, Financial PR                            +44 (0) 20 7466 
   Ben Romney / Jon Krinks                           5000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBVLFBLVLBBBX

(END) Dow Jones Newswires

August 08, 2022 06:06 ET (10:06 GMT)

Scirocco Energy (LSE:SCIR)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Scirocco Energy.
Scirocco Energy (LSE:SCIR)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Scirocco Energy.