Company
Scirocco Energy PLC
LON:SCIR
Scirocco Energy PLC holds interests in significant natural gas and helium assets in Tanzania. The primary focus for the company is the development of the Ntorya gas field in the Ruvuma PSA.
63 stories
Scirocco Energy completes Ruvuma legacy sale
"This is a transformative divestment for Scirocco and we are delighted to have reached this watershed moment"
Archive
Malcy's Blog - Oil price, Scirocco, Europa. And finally…
WTI (Jan) $74.25 -$2.68, Brent (Feb) $79.35 -$3.33, Diff -$5.10 -65c.USNG (Jan) $5.46 -11c, UKNG (Jan) 350.0p +5.0p, TTF (Jan) €140.99 +€4.81.Oil priceOil fell as I suggested yesterday on the US services data suggesting that the Fed will ke
Scirocco Energy says biogas joint venture in talks over new acquisition
Currently, the portfolio comprises Greenan Generation (GGL) and its 0.5 MWe Anaerobic Digestion (AD) plant in Northern Ireland.
Scirocco Energy delighted with strong performance of AD plant in Northern Ireland
"GGL has performed strongly, exceeding projections at the point of acquisition and demonstrating the highly cash-generative, profitable nature of the asset acquired,” Scirocco chief executive Tom Reynolds said.
Scirocco Energy agrees repayment terms for Prolific Basins facility
“Scirocco is pleased to have Prolific's continued support during a challenging time in the global markets," said chief executive Tom Reynolds
Scirocco Energy aims to conclude Ruvuma sale by year-end
Scirocco is pivoting its strategy towards sustainable energy projects in Europe
Investments and investor services
Scirocco offloads minor stake in Corallian Energy at a profit
A price of up to £3.20 per share will be paid to Corallian shareholders in initial cash plus contingent payments
Scirocco Energy 'pleased' as Tanzania partners continue to advance Ntorya
Sufficient data has now been captured in order to confirm the location of the planned Chikumbi-1 well
Scircco Energy says Tanzania oil group won't exercise right over Ruvuma
Talks are ongoing with APT which has the other pre-emption right
Scirocco Energy expects seismic progamme to boost interest in Tanzania asset
Orca aims to complete the programme before the year-end to align with optimal weather conditions and assure the highest quality of data
Scirocco Energy and Aminex well on schedule in Tanzania
"We are pleased that the target spud date for the well remains on track for November 2022,” said Charles Santos, Aminex's executive chair
Archive
Malcy's Blog - Flash blog, Wentworth, Chariot, Savannah, Eco Atlantic.
A flash blog today as I’m in town with key interview and meetings, anything I have missed I will add later or tomorrow.Wentworth ResourcesWentworth has announced an operational update ahead of its Annual General Meeting (“AGM”) to be held t
Scirocco Energy tells shareholders to back Tanzania divestment deal at next week’s EGM
Ferguson and the Scirocco board, which own just over 3% of the company's shares, are recommending shareholders approve the deal
Scirocco Energy's anaerobic digestion asset GGL Q1 revenue boosted by high power prices
Greenan Generation Ltd, in which the company has a 50% interest, is expected to report EBITDA exceeding £600,000 in the full year
Scirocco Energy reports progress on both assets in Tanzania
"The operational progress made by both operators on our Tanzania oil and gas asset represents long-awaited activity on both blocks"
Scirocco Energy highlights progress made by investee Helium One at its Rukwa project
Helium One's ongoing interpretation of Phase II 2D seismic data has identified multiple areas of interest
Scirocco Energy delighted with EAG performance amidst rising power prices
“Scirocco's 50% interest in EAG represents a robust, scalable platform primed for growth," Tom Reynolds said.
Scirocco Energy’s SEUK secures exclusivity for H2OPE digestate tech
"This represents the next step in our investment strategy supporting investment in 'circular' within the agricultural sector," Scirocco's Tom Reynolds said
Scirocco Energy says start of seismic study at Ruvuma project is a 'material value catalyst'
“Ruvuma represents a material value catalyst for Scirocco, both in terms of monetisation and operational activity," Tom Reynolds said
Aminex and Scirocco Energy confirm payments from Tanzania
“We would like to thank the TPDC for the timely payment of the settlement monies and continued support," said Aminex chair Charlie Santos.
Scirocco Energy sees US$1mln injection under Prolific Basin investment agreement
"This is very positive news for the company,” said chief executive Tom Reynolds
Scirocco Energy pleased with agreement reached for Kiliwani North joint venture
Scirocco Energy holds an 8.39% working interest in the joint venture
Scirocco Energy’s renewable energy venture buys Northern Ireland AD plant
The deal provides a blueprint for future acquisitions, says chief executive Tom Reynolds
Scirocco Energy delighted with first steps in sustainable energy strategy
During the first half the company made its first investment in its new strategy.
Aminex and Scirocco Energy boosted as operator signs up seismic contractor in Tanzania
“APT has made quick progress completing the procurement process and securing highly competitive acquisition rates that benefit the project with considerable financial savings," Charlie Santos said.
Scirocco Energy seals move into energy transition business as EAG deal closes
Chief executive Tom Reynolds called it an important milestone and highlighted that it may ultimately lead to a re-rating of the company’s shares over time
Scirocco Energy denies interest in Block Energy
The company dismissed speculation and reaffirmed its plan to prioritise opportunities in sustainable energy and the circular economy
Scirocco Energy expects seismic work at Ruvuma to start this quarter
The Chikumbi-1 exploration and appraisal well is now expected to spud early in the third quarter of 2022
Scirocco Energy updates Prolific Basins investment agreement
Prolific Basins has over the past year provided US$1mln to Scirocco, with a total of US$925,000 settled through the issue of new shares
Scirocco Energy to invest in EAG vehicle as it moves into biogas
“The biogas market is growing rapidly and will be key for the UK's delivery of its decarbonization strategy,” said Scirocco chief executive Tom Reynolds.
Scirocco Energy generates £1.6mln from sale of Helium One shares
Helium One shares have gained some 400% in value since listing in London, meanwhile, Scirocco has been divesting its shareholding
Scirocco Energy is positioned to capture value opportunities - WH Ireland
“The company is focusing on proven technical and commercial models within niche or developing markets," said Brendan Long.
Scirocco Energy offloads stake in Ausable Reef gas assets
“The disposal of the Ausable Reef interest is another milestone as we transition the company away from legacy assets to pursue opportunities within the sustainable energy market in Europe,” said chief executive Tom Reynolds
Scirocco Energy expands scope to seek opportunities in sustainable energy
“We are presently screening a pipeline of opportunities around which we believe we can grow the business and deliver sustainable shareholder value underpinned by steady cash flow, reliable dividends, and a positive ESG story," said Alastair
Scirocco notes Helium One update on Rukwa exploration programme
The AIM-listed firm, which owns a 4.6% stake in Helium One, said an environmental and social impact assessment and a compensation survey have now been completed at the site in Tanzania which included consultation with communities in nine vi
Scirocco Energy highlights new partner’s plans boost the intended sale of Ruvuma stake
“Now with a clear understanding of the programme and associated budget, we can better engage with interested parties regarding our potential sales review," highlighted Scirocco chief executive Tom Reynolds
Scirocco Energy says Helium One oversubscribed placing is great news
The proceeds will be used to fund a seismic programme and a programme of three wells.
Scirocco Energy says Helium One will have a platform for material growth when it comes to London in December
“This is a positive development that validates Helium One's story and provides it with a platform from which it can deliver material growth," said Tom Reynolds.