TIDMSCIR

RNS Number : 4345X

Scirocco Energy PLC

04 May 2021

4 May 2021

Scirocco Energy plc

("Scirocco" of "the Company")

Helium One Update

Completion of Extended 2D Seismic Campaign and Identification of New Priority Prospects

Scirocco Energy (AIM: SCIR) notes the positive update provided by Helium One Limited ("Helium One") (AIM: HE1) this morning, announcing the completion of its extended infill 2D seismic campaign and identification of new priority drill ready targets ahead of commencement of exploration drilling programme at Rukwa Project (100% owned by Helium One) in Tanzania.

Highlights of the Helium One announcement :

-- Completion of an extended 200km 2D seismic campaign, including an additional 50 line kilometres providing further data on new priority prospects

-- Modern seismic data is of a higher quality than earlier work, resulting in a better understanding of the subsurface and reassessment of geological risk across our portfolio

-- Improved data resolution over multiple prospects, highlighted by an upgrade of the Tai prospect, with stacked targets believed to be across a larger area than those interpreted from historical data

   --    Zero lost-time injuries and no HSE incidents across 97,280 man-hours of remote working

-- Ongoing seismic interpretation supports improved drill targeting over the three / four hole exploration drilling campaign, now commencing in early-June with first hole planned at Tai prospect

Full details of the announcement can be found on the Helium One's website www.helium-one.com

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 
   James Spinney / Ritchie Balmer / Rory Murphy      3494 
 
   WH Ireland Limited, Broker                        +44 (0) 0207 220 
   Harry Ansell / Katy Mitchell                      1666 
 
   Buchanan, Financial PR                            +44 (0) 20 7466 
   Ben Romney / Kelsey Traynor / James Husband       5000

Notes to Editors

Helium One is an independent specialist explorer focusing on delineating and developing significant helium assets in Tanzania. This company holds more than 4,500 square km of exclusive licences encompassing four project areas, the largest of which is Rukwa.

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May 04, 2021 04:08 ET (08:08 GMT)

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