Company
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.
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“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
The proceeds will be used to fund a seismic programme and a programme of three wells.
“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.
