RE: AEX up another 17% this morning.....19 Jan 2022 17:45
While Scirocco remains in commercial negotiations with interested parties engaged in the ongoing sales process, the Company will continue to adopt a phased approach to funding its share of all commitments associated with future activity on Ruvuma, including the first phase of the seismic programme which is fully funded from available resources based on the Operator's cash call forecast. Ruvuma represents a material value catalyst for Scirocco, both in terms of monetisation and operational activity, and will remain a priority until that value has been realised for our shareholders."