We were delighted to welcome Tom Reynolds, the Scirocco Energy (SCIR) CEO to our September Investor Webinar, held on the evening of 21 September 2021. Tom explained the Scirocco strategy and then took questions live from the audience. He confirmed the gas asset Ruvuma was up for sale, that negotiations were taking place with interested parties, and indicated that these things take their time in Tanzania.
By way of background, Scirocco Energy is an AIM-listed investing company targeting assets within the European energy market. It has recently taken a 50% interest in Energy Acquisitions Group, or EAG, a specialist operating vehicle which gives Scirocco access to a pipeline of already identified acquisition opportunities within the rapidly growing UK anaerobic digestion and biogas market. The Company also has legacy assets including 25% of the Ruvuma Licence in Tanzania and a 1% holding in AIM listed Helium One.
We were also delighted to welcome PrimaryBid, who are sponsoring our Autumn webinars. As you probably already know, PrimaryBid’s raison d’etre is to give individuals access to one-off public company fundraisings and IPOs on the same terms as institutional investors. The best way to hear about their offers is to register for their website - primarybid.com.