Response to Investor Forum Speculation

RNS Number : 2271E

Scirocco Energy PLC

05 July 2021

 

5 July 2021

Scirocco Energy plc

("Scirocco" or "the Company")

Response to Investor Forum Speculation

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive production and development opportunities within the European energy market, provides the response to erroneous speculation on investor forums regarding its intentions with regard to corporate activity in the oil and gas sector generally and with Block Energy PLC ("Block Energy") in particular.

The Board of Scirocco wishes to categorically state that it has never had, nor currently has any intention to engage in corporate discussions with Block Energy. Scirocco has clearly stated a strategic intention to focus on the sustainable energy and circular economy and will therefore not consider new investments in Oil and Gas assets or businesses. As such any speculation that SCIR is considering any form of corporate engagement with Block Energy is completely false.

Furthermore, the Board confirms that none of its Directors are looking to join the Board of Block Energy and any speculation to the contrary on the forums is also completely erroneous.

Scirocco's non-Executive Chairman Alastair Ferguson and non-Executive Director Jon Fitzpatrick do have independent material shareholdings in Block Energy, alongside numerous other personal investments, however they are independent of one another, and those holdings represent the extent of their involvement in that company.

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]

 

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