RE: OMJ21 Jun 2021 07:39
Depends on how you choose to interpret it. I read it as SCIR are delivering on their objectives as the write up is positive and others that are Questionable are jumping on the Bandwagon. Hence the end of the paragraph ref SCIR and then a new one for the Questionable.
Meanwhile, embracement of the energy transition continues apace. Scirocco Energy (AIM SCIR), owner of a 25% working interest in the Tanzanian Ruvuma gas project alongside Aminex (LSE AEX OTC AEXFF) which owns a 25% carried interest in that venture, announced its proposed investment into Energy Acquisitions Group, the first investment as part of Scirocco's revised strategy that targets opportunities within the energy transition in Europe. Energy Acquisitions will use the funds to acquire 100% of Greenan Generation and its 0.5 MWe anaerobic digestion plant in Northern Ireland. The plant creates biogas, a renewable energy source, and this is the direction in which SCIR now aims to go, targeting investment in a pipeline of such plants in the UK totalling around ยฃ30 million in value.
Scirocco also owns a small interest in Helium One (AIM HE1 OTC HLOGF), which aanounced the commencement of an exploration drilling programme at its 100% owned Rukwa project in Tanzania. Tai, a โmust drillโ three-way dip closure, is first and will be followed with two further exploration wells. These types of projects are now much more appealing to the market than conventional oil and gas, as demonstrated by HE1โs ยฃ112 million market capitalisation, and we now see companies such as even Mosman Oil & Gas (AIM MSMN) trying to profile themselves as being in this business.
Other questionable companies are jumping on the energy transition bandwagon too,
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