Helium One Update

RNS Number : 8057B

Scirocco Energy PLC

14 June 2021

 

14 June 2021

Scirocco Energy plc

("Scirocco" of "the Company")

Helium One Update

Commencement of Drilling

Scirocco Energy (AIM: SCIR) notes the update provided by Helium One Limited ("Helium One") (AIM: HE1) this morning in which it announces the commencement of its exploration drilling programme at the Rukwa Project (100% owned by Helium One) in Tanzania. Scirocco has a holding of c. 1.2% in Helium One's current share capital.

Highlights of the Helium One announcement:

· Drilling has commenced at Tai; a 'must drill' three-way dip closure, upgraded by the Company's recent 2D infill seismic

· Three well exploration programme targeting shallow trap structures to a maximum depth of 1200m

· Exploration drilling includes:

o Micro gas chromatograph and mini mass spectrometer used to identify elevated levels of helium in mud and reportable as a helium show

o Wireline logs to identify reservoir and seal units and to confirm pay zones in success case

o Drill Stem Testing unit to attempt to flow helium gas samples to surface

· Each well will take circa one month to complete

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 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 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.

 

END

 

 

MSCBGGDLCGBDGBS