Scirocco Energy PLC

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

+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

 

 

 

 

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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