Scirocco Energy PLC Helium One Update (4921P)
February 18 2021 - 1:15AM
UK Regulatory
TIDMSCIR
RNS Number : 4921P
Scirocco Energy PLC
18 February 2021
18 February 2021
Scirocco Energy plc
("Scirocco" of "the Company")
Helium One Update
Commencement of Seismic Campaign
Scirocco Energy (AIM: SCIR), notes the positive update provided
by Helium One Limited ("Helium One") (AIM: HE1) this morning,
announcing the commencement of its infill seismic campaign with
mobilisation of survey and line-clearing crews to its Rukwa project
(100%) in Tanzania.
Highlights:
-- Commencement of 150km infill seismic campaign will provide
improved resolution over identified drill targets
-- Mobilisation of survey and line clearing crews underway
-- Over 30 people to be active on site including local staff,
surveyors, clearing crew and support staff
-- Good co-operation between government departments, local
communities and Helium One Management has allowed critical seismic
work at Rukwa to be fast tracked by the company
-- Results of high-resolution seismic survey are the final
technical input prior to commencement of Helium One's maiden
drilling campaign planned for 2(nd) quarter 2021
The seismic campaign consists of approximately 150km of infill
seismic acquisition targeting shallow trap structures identified
from the interpretation of historic seismic and recent gravity
gradient data. The infill seismic data will provide improved
resolution on identified trap structures and assist in placing of
drill collars for exploration drilling. The seismic campaign is
fully permitted and benefits from community and governmental
support.
Line surveying and line clearing crews, which mobilised today,
will employ over 30 people in multiple crews to locate and clear
lines for data acquisition. The process, which may take up to a
month to complete, will clear vegetation for the laying of seismic
geophone nodes as well as providing access for vibriosis-trucks and
support vehicles during data acquisition.
Helium One has worked extensively with local communities,
regional and national government to ensure this critical seismic
campaign has commenced within the project schedule. This permits
the Company to move forward with its plans for drilling at Rukwa,
which will follow processing and interpretation of data from the
seismic campaign. While the project benefits from over 1,000
kilometres of historic seismic data, additional infill seismic over
high priority targets will allow better delineation of trap
structures and improved confidence over drill targeting.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please visit the Company's website:
www.helium-one.com
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
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 13.7% interest in Helium One.
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END
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