Member Info for cperkin

The 50 BCF only pertains to the final $2 million POC.

The 50 BCF only pertains to the final $10 million POC.

$3 mill today (deal closure)

$3 million on FID (due this quarter)

$ 8 million starts to flow post production Q-1 24

$2 mill post 50 BCF

POC that's not correct. The next $3 mill is due on the final investment decision, or in other words the development licence and GSA both of which now have a clear line of site for AEX. The remaining $10 million then begins to flow on first gas, expected around Q1 24 as 25% of revenues from the field.

Pre seismic Omani estimation is 8TCF

Mrc_mrc_mrc_mrd 28 sep 20:04 post on SCIR BB

"Imminent is often used in the wishful thinking sense."

"I will stop posting here if this gets done by the new longs top date."

4 Days to spare XD

The next $3 mill should be along soon...

...

Good news and ahead of schedule....Drilling now through the main targets, Helium shows in logs next?

$3 Million due on completion, a good chance of the next $3 million before year end (FID) and then the start of the other $10 million starting to flow once production starts next year. It will be interesting to see the GSA rate and expected initial flows post workover.

The Phoenix has spoken...BUY! ;)

Evaluation of logs and collection of downhole samples. They should be seeing Helium in the mud logs if it's there....

Mrc_mrc_mrc_mrd 28 sep 20:04 post on SCIR BB

"Imminent is often used in the wishful thinking sense."

"I will stop posting here if this gets done by the new longs top date."

XD

Nope, just a hat....

True..

Morning steve, I expect the other items to move for AEX now and once they have the development licence &GSA then FID will be signed and the second $3 million should come shortly after.

I see the RNS is not showing here?

https://www.londonstockexchange.com/news-article/SCIR/ruvuma-transaction-update/16147456

Scirocco is pleased to announce that the divestment of its 25% interest in the Ruvuma asset has been approved by the Tanzanian Minister of Energy. With this approval now received, all conditions precedent to the transaction are satisfied and Scirocco and its counterparty, ARA Petroleum Tanzania, can now proceed to complete the transaction in the coming weeks.

https://www.londonstockexchange.com/news-article/SCIR/ruvuma-transaction-update/16147456

Scirocco is pleased to announce that the divestment of its 25% interest in the Ruvuma asset has been approved by the Tanzanian Minister of Energy. With this approval now received, all conditions precedent to the transaction are satisfied and Scirocco and its counterparty, ARA Petroleum Tanzania, can now proceed to complete the transaction in the coming weeks.

Morning steve, quite agree. I think there is a trading opportunity for people based on the Ruvuma deal completion, alas I think the business post Ruvuma will take many years to produce any kind of revenue that Ruvuma could & would have provided.

The jewel in the crown will be gone and the crown only costume jewellery.

Agreed drilling is months away, what's more interesting at this stage is when will the GSA and 25 year development licence be issued? This sets the ball in motion for production and the drilling of CH1 imo

The company successfully recovered 1 million Helium One shares which had been "trapped" after Pello Capital entered administration in October 2022. These shares were sold during August 2023 delivering net proceeds of c. £75k.

On 29 August 2023, the Company announced that whilst significant progress had been made delivering the necessary approvals from the relevant Tanzanian government authorities it had agreed with its counterparty APT to extend the longstop for the Ruvuma transaction to 30 September 2023 to allow sufficient time to achieve the final approval from the Minster of Energy.