Scirocco Energy Share Price (SCIR)

The work programme as part of the agreed 2 year extension licence with the Government includes, 3D, drill CH1 and negotiate a Gas sales agreement.
Any delays are in the hands of the new operator, the Zubair Corp in the form of ARA. I expect they will deliver as per their plan since all the Government approvals are in place.

Drill it!

Hi Frank - I’m afraid to tell you that delays actually cost money. Any delay will likely mean more money wasted on Gneiss fees, but also costs directly on the ground (e.g. seismic taking longer than anticipated, equipment sitting idle).

I see what you are getting at, but really delays are not good news.

It also shows potential buyers the risk of bringing this project into production. Realistically it is at least another 5 years before first gas IMHO.

"Lol I stand corrected - Chris is obviously excited about the drill (either that or desperate for newbies to buy in so that he can get out?????)" what makes you think that Colin/Dan, he needs more to come in before, he could sell now at a profit if he wishes and looking at the trades it be one call away, there is still some time on the sale update but we moved from prime time to late night TV slot so still time to get news or exit with ease anyway I`m of the point of view it won`t be Q3 on the drill but more like Q4 or even Q1 2023 and called the delay last time so lets see and if the case no cash calls for months for the drill let alone RIG news GLA !!!

Lol I stand corrected - Chris is obviously excited about the drill (either that or desperate for newbies to buy in so that he can get out?????)

HUGE drill, Massive, Multi TCF, yes Trillions of cubic feet and gas prices in Tanzania are up over 7% due to the increase in US CPI. Great time to get a massive drill in that has the potential upside of being the first ever oil find in Tanzania.

Drill it!