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IN BRIEF: Scirocco Energy notes seismic data progress on Ruvuma PSA
Scirocco Energy PLC - Leeds, England-based oil & gas investment company - Notes announcement from Animex PLC on the Ruvuma PSA in Tanzania, which said it was pleased at over half of seismic data being acquired over the Ntorya location, and expects the full acquisition to be completed by the middle of October.
In addition, enough seismic data regarding the drilling location of Chikumbi-1 well has been acquired, with processing and interpretation of such data is almost complete.
"It is pleasing to see the positive progress reported today by Aminex, which is supportive of Scirocco's ongoing exposure to the success case of the project as part of the contingent elements of the agreement for the Company's divestment of its interest in the asset to APT," said Chief Executive Officer Tom Reynolds.
Current stock price: 0.23 pence, down 9.2% on Thursday
12-month change: down 74%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest SCIR News
- Scirocco celebrates final payment from Shell for Corallian sale
19 Jan 2024 - Scirocco CEO resigns from board to help conserve cash
12 Jan 2024 - IN BRIEF: Scirocco Energy CEO stands down to help preserve cash
12 Jan 2024 - UK shareholder meetings calendar - next 7 days
3 Jan 2024 - Scirocco agrees to sell EAG for £2.6m
21 Dec 2023 - Scirocco agrees sale of Energy Acquisitions at GBP2.6 million value
21 Dec 2023 - Scirocco to receive £108k in latest tranche of Corallian payments
6 Dec 2023 - Scirocco Energy to receive next payment for sale of Corallian shares
6 Dec 2023
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