Scirocco Energy Plc

Equities

SOLO

GB00BF1BK408

Investment Management & Fund Operators

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Scirocco Energy "continues to make progess" on divesting Ruvuma

March 08, 2023 at 08:19 am EST

(via NewsDirect)

Scirocco Energy (LON:SCIR) chief executive Tom Reynolds speaks to Proactive's Thomas Warner following a the release of an operational update for the Ruvuma asset in Tanzania, in which Scirocco currently holds a 25% stake.

Reynolds gives a summary of the update, highlighting the progress made on divesting it to ARA Petroleum Tanzania, and also explains recent changes to the company's board.

Contact Details

Proactive UK Ltd

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Latest news about Scirocco Energy Plc

EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target	May. 16	AN
AIM WINNERS & LOSERS: Proteome Sciences eyes return to growth in 2024	May. 16	AN
Scirocco Energy to Delist from London Bourse's AIM Amid Liquidation	May. 16	MT
FTSE 100 shrugs off UK inflation, hawkish US Fed	Apr. 17	AN
Scirocco Energy proposes delisting from London market to reduce costs	Apr. 17	AN
AIM WINNERS & LOSERS: Inspecs confident but Scirocco eyes AIM exit	Apr. 17	AN
Scirocco Energy to Delist from London Bourse's AIM in mid-May	Apr. 17	MT
Scirocco Energy Provides Information to the Shareholders	Feb. 23	CI
Scirocco Energy Shareholder Seeks Vote on Distribution of Sale Proceeds	Feb. 06	MT
Scirocco Energy shareholders asks meeting to discuss returns	Feb. 06	AN
Forest Nominees Limited Issues a Letter to Scirocco Energy plc	Feb. 06	CI
Scirocco Energy completes GBP2.6 million EAG divestment	Jan. 31	AN
Scirocco Energy Closes Sale of 50% Stake in Energy Acquisitions Group	Jan. 31	MT
Scirocco celebrates final payment from Shell for Corallian sale	Jan. 19	AN
Scirocco Energy CEO stands down to help preserve cash	Jan. 12	AN
Scirocco Energy CEO to Step Down; Stock Rises	Jan. 12	MT
Scirocco Energy Plc Announces Tom Reynolds Stands Down as Director of the Board	Jan. 12	CI
Scirocco Energy Shareholders Approve Sale of Energy Acquisitions Group Stake	Jan. 10	MT
Scirocco agrees sale of Energy Acquisitions at GBP2.6 million value	Dec. 21	AN
Scirocco Energy to Divest Stake in Energy Acquisitions Group; Shares Plunge	Dec. 21	MT
Scirocco Energy to receive next payment for sale of Corallian shares	Dec. 06	AN
Scirocco operating chief steps down after completed Ruvuma divestment	Nov. 28	AN
Scirocco Energy Operations Chief Steps Down	Nov. 28	MT
Scirocco Energy plc Announces Resignation of Doug Rycroft as COO	Nov. 28	CI
FTSE 100 Closes Up Supported by Basic Resources, Energy Stocks	23-10-16	DJ

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Company Profile

Scirocco Energy plc is an investment company. The Company is focused on acquiring production and development opportunities within the European transition energy market. It holds interest in natural gas and helium assets in Tanzania. The Company holds 8.39% interest in Kiliwani North Development Licence (KNDL), which is located on Songo Songo Island in Tanzania and contains the Kiliwani North-1 (KN-1) well. The Company also holds 1.59% interest in Helium One Global Limited, which is a specialist explorer focused on delineating and developing helium assets in Tanzania. The Company holds more than 4,500 square kilometers of exclusive licenses encompassing four project areas of which is Rukwa.

Sector

Investment Management & Fund Operators

Calendar

2024-06-27 - Q4 2023 Earnings Release (Projected)

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