Scirocco Energy PLC

Helium One Update

RNS Number : 4498L
Scirocco Energy PLC
12 January 2021
 

12 January 2021

 

Scirocco Energy plc

("Scirocco" of "the Company")

Helium One Update

Submittal of Drilling ESIA at Rukwa Project

Scirocco Energy (AIM: SCIR), notes the positive update provided by Helium One (AIM: HE1) this morning, in which the company announces the advancement of its exploration programme at the Company's Rukwa Project in southern Tanzania with submission of key environmental studies.  Scirocco holds an interest of c.4.6% in the share capital of Helium One, and 1 million share options.

Highlights:

·   Completion of Environmental and Social Impact Assessment (ESIA) and Compensation Survey, including consultation with communities in nine villages closest to the drill locations.

· Submission of key Environmental Impact Assessment for the company's proposed drilling programme at the Rukwa Project to the National Environment Management Council (NEMC) of the Tanzanian Government.

· The study, which covers a project area of 310km 2  in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015), is a key document in securing environmental permits for exploration drilling and an important milestone towards Helium One's maiden exploration drilling in Q2 2021.

 Commenting on the update, Scirocco's CEO Tom Reynolds said:

"We are pleased to see He1 making positive progress with its activities in Tanzania, with the planned drilling programme in Q2 '21 representing a strong catalyst for Scirocco given our material stake in that Company.  We look forward with confidence to this exciting event on the near-term horizon."

 

For further information:

Scirocco Energy plc

Tom Reynolds, CEO

Doug Rycroft, COO

+44 (0) 20 7466 5000

 

Strand Hanson Limited, Nominated Adviser

James Spinney / Ritchie Balmer / Rory Murphy

 

+44 (0) 20 7409 3494

 

 

WH Ireland Limited, Broker

Harry Ansell / Katy Mitchell  

 

+44 (0) 0207 220 1666

 

 

Buchanan, Financial PR

Ben Romney / Kelsey Traynor / James Husband

 

 

+44 (0) 20 7466 5000

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDDZGMMKZLGMZM