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Scirocco plan to 'push forward Ruvuma project in Tanzania'

Scirocco Energy PLC's (LON:SCIR) Doug Rycroft joins Proactive London to discuss their plan to push the Ruvuma project in Tanzania forward by advancing their sales process for its 25% stake.

This comes after partner Aminex PLC (LON:AEX) completed its farm-out transaction which has brought in APT into the project.

APT is running and funding a programme of work to take Ruvuma’s Ntorya gas field into production whilst potentially expanding the asset through exploration.

Quick facts: Scirocco Energy PLC

Price: 1.075 GBX

AIM:SCIR
Market: AIM
Market Cap: £7.78 m
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Scirocco Energy's (LON:SCIR) Tom Reynolds talks to Proactive London about the official launch of their new name after being formally known as Solo Oil. Reynolds explains the strategy behind the new branding, which sends a 'clear signal, the strategic intent of the company that is...

on 2/11/20

2 min read