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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
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6 Dec 2022 - Aminex, Scirocco note Tanzanian commitment to develop gas resources
28 Nov 2022 - IN BRIEF: Scirocco Energy shareholders show confidence in strategy
14 Oct 2022 - TRADING UPDATES: Scirocco repays loan; Vp says rail strikes slow works
11 Oct 2022 - UK shareholder meetings calendar - next 7 days
6 Oct 2022 - TRADING UPDATES: Block Energy swings to profit; GreenX loss widens
5 Oct 2022 - AIM WINNERS & LOSERS: Tertiary Minerals teams up; Scirocco to hold GM
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