Scirocco Energy PLC Helium One Update (5647C)
21 Junio 2021 - 6:01AM
UK Regulatory
TIDMSCIR
RNS Number : 5647C
Scirocco Energy PLC
21 June 2021
21 June 2021
Scirocco Energy plc
("Scirocco" of "the Company")
Helium One Update
Identification of Helium Enriched Gas Shows in the Lake Bed
Formation
Scirocco Energy (AIM: SCIR) notes the update provided by Helium
One Limited ("Helium One") (AIM: HE1) this morning in which it
announced the presence of helium enriched gas in drilling mud (a
"Gas Show") in the Lake Bed Formation while drilling Tai-1 well at
the Rukwa Project (100%) in Tanzania. Scirocco has a holding of c.
1.2% in Helium One's current share capital.
Highlights:
-- Helium shows identified in shallow strata from 70.5 metres
-- Micro-Gas Chromatograph showing He concentrations up to
22,084ppm (2.2%) He in gas recovered from drilling mud
-- Drilling operations will continue to the base of Lake Bed
Formation, anticipated to be at 400 metres, before wireline logging
can provide additional information
Full details of the announcement can be found on the Helium
One's website www.helium-one.com
Tom Reynolds, CEO commented: "We are delighted with the news
today from Helium One in which they have identified the presence of
helium in the drilling mud from a very shallow depth. Although
early days in the exploration drilling, we look forward to further
updates from the Company as they look to identify if there is
commerciality."
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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END
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