Scirocco Energy PLC Helium One Update (4498L)
January 12 2021 - 9:51AM
UK Regulatory
TIDMSCIR
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 +44 (0) 20 7466
Doug Rycroft, COO 5000
Strand Hanson Limited, Nominated Adviser +44 (0) 20 7409
James Spinney / Ritchie Balmer / Rory Murphy 3494
WH Ireland Limited, Broker +44 (0) 0207 220
Harry Ansell / Katy Mitchell 1666
Buchanan, Financial PR +44 (0) 20 7466
Ben Romney / Kelsey Traynor / James Husband 5000
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