Member Info for bigdouble

Has everyone lost the will to live or has everyone been banned.

At least a couple of shareholders have told me they will be at the meeting in Glasgow.

Hi, great to hear from you. Could do with some of your expertise. Cheers

We are working over the weekend on a strategy to ensure all votes are counted. Keep an eye out for E Mail on

soloegm123@ gmail.com

They wanted rid of the asset from day one. I really think they were not over interested in finding a good deal that suited shareholders. IMO

No doubt the full years results will be out very soon after the vote. These will need looking at very closely IMO

Unfortunately until the directors are removed we are not entitled to see bank statements. This is probably the only way we will find out where all the money has gone as the audited accounts will not have sufficient detail.

I can not communicate everything on LSE so if you have not sent me an e mail yet, please do so

soloegm123@gmail.com

Dear ******

Thank you for clarifying that there is no restriction as to where General Meetings can be carried out. Notwithstanding, Shareholders do strongly feel the location has been chosen to deter shareholders from attending. This is not within the spirit of the 2006 Companies Act and has further damaged the Boards reputation in shareholders eyes.

I would ask you to request all copies all documents relating to shareholders signing insider agreements to ensure this did actually happen. I trust as Nomad that would be part of your compliance.

Finally, please would you notify all relevant parties that shareholders intend to use their right under section 342 of the 2006 Companies Act.

“Members power to require independent report on poll”

Notice will be sent to all relevant parties before the vote.

Once again thank you for your time.

Regards

On behalf of Scirocco Shareholders

So the only people that are trying to scare scirocco shareholders into this awful deal are the two groups that will benefit most - scirocco’s Board of Directors and Wentworth. Says a lot really.

Next time I will pay for an interview to say my peace

Why is it the interviewees never mention shareholders concerns. These PR companies are nearly as bad as the BOD

If you have voted and not registered your vote at soloegm123@gmail.com please do so.

It is important we have an indication of votes registered so we can compare against the announced vote. I’m afraid I would reply on fair play with this Board.

Also it maybe necessary, it the short term, to pull all the support together to call a shareholders EGM. I will need as many contact details as possible in order to do this. I have over 100 already which is a great start.

The Board are obviously concerned as they would not have issued the RNS today. Don’t let them do more damage than they already have.

I believe shares would have to be held at the time of the announcement.

Why was this not available now????

Investment Facility
On 29 June 2020, the Company announced that it has secured additional liquidity in the form of a US$5 million investment facility with Prolific Basins LLC (the “Subscriber”), a specialist energy investor. The tranched investment structure allows the Company to have a flexible funding option in place, should it be required, for the planned appraisal programme on its Ntorya gas field in Tanzania and for general working capital purposes. Securing the investment facility further strengthens Solo's optionality regarding its existing natural gas portfolio and its business development work.
Under the terms of the Subscription Deed, the Company immediately drew an initial US$500,000 under the investment facility, by way of an initial subscription for new ordinary shares of 0.2p each in the Company (the "Ordinary Shares").
Provided the Company satisfied certain conditions set out in the Subscription Deed, an additional investment of US$500,000 will be made by the Subscriber following the Company's 2020 annual general meeting which was held on the 25th September 2020. The Company expects to make a further announcement on this shortly. A further US$1,000,000 may be invested within the next 12 months. The Subscriber may invest a further additional US$3,000,000, with the consent of the Company only, for a total of US$5,000,000, in the aggregate, under the Subscription Deed.
The Company remains wholly committed to realising value from its interests in Tanzania and is encouraged by the interest received in its assets since commencing that sales process. We are however cognisant of the challenges being faced by the sector presently and therefore feel it is necessary to secure this funding now as it provides significant optionality and
4

strengthens our hand with regards to any future negotiations in the knowledge that we can continue to fund our position of this exciting development if we do not receive offers that reflect our inherent value within our Tanzanian portfolio.

OG_newbie and Seve58 could you make contact with me on soloegm123@gmail.com

The issue is more shareholders need to share the work load instead of just talking about it.

We need the following

1/ Someone to get the ball rolling regarding an investigation into scirocco reckless spending / analysis their accounts etc
2/Someone to look in detail at the relationships between scirocco / Gneiss / directors and report any fraudulent activity to the relevant authorities.
3/Someone to start an official scirocco shareholders group that has the authority of its members to call an EGM etc.
4/ someone to are contact with the larger shareholders to get them on board.
5/ someone to start looking for a new BOD

I am happy to take on point 3 but will struggle to do more.

I assure you if this happened the Board / Wentworth would start to have major concerns about the deal completing.

Any volunteers!!!!!!

Some more voting information from another holder

At Hargreaves the voting is dealt with by the Shareholder Meetings Team who lodge proxy votes with the Company.

At Redmayne Bentley(Leeds)- 0113 243 6941- the Corporate Actions Team lodge the proxy votes through Euro-clear to the Company Registrar.

Redmayne Bentley(“RB”) have 90 SCIR shareholders on their clients listing- probably a small number in comparison to Hargreaves- but any shareholders using RB services and require help could contact RB direct along the lines that I have done.

All alternative need looking at. Nothing off the table.

We also have a bit of time before all the money is required for the drill.