Helium One Update

RNS Number : 4009S

Scirocco Energy PLC

16 March 2021

 

16 March 2021

Scirocco Energy plc

("Scirocco" of "the Company")

Helium One Update

Commencement of Seismic Acquisition

Scirocco Energy (AIM: SCIR), notes the positive update provided by Helium One Limited ("Helium One") (AIM: HE1) this morning, announcing the commencement of seismic data acquisition with mobilisation of vibroseis trucks and geophones to its Rukwa Project (100%) in Tanzania.

Highlights

• Mobilisation of data acquisition team, vibroseis trucks and geophones.

• 150km of infill 2D seismic targeting multiple trapping styles.

• Interpreted seismic data will define optimal well locations and reduce risk in drill targeting.

• Final technical input prior to commencement of Helium One's maiden drilling campaign in 2nd quarter 2021

For further information:

Scirocco Energy plc Tom Reynolds, CEO Doug Rycroft, COO	[phone]
Strand Hanson Limited, Nominated Adviser James Spinney / Ritchie Balmer / Rory Murphy	[phone]
WH Ireland Limited, Broker Harry Ansell / Katy Mitchell	[phone]
Buchanan, Financial PR Ben Romney / Kelsey Traynor / James Husband	[phone]

Notes to Editors

Helium One is an independent specialist explorer focuses 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. Scirocco holds a 4.3% interest in Helium One.

 

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