Member Info for cperkin

Company received the requisite majority approval from shareholders at the General Meeting held today in respect of the proposed divestment of its interest in the Ruvuma Asset to Wentworth Resources.

Well best of luck everyone, a very sad day indeed for those long term shareholders & I see no reason to hold any shares in this company and certainly not with this BOD.

All the best for the future

Company received the requisite majority approval from shareholders at the General Meeting held today in respect of the proposed divestment of its interest in the Ruvuma Asset to Wentworth Resources.

https://www.londonstockexchange.com/news-article/SCIR/result-of-general-meeting/15517930

https://www.londonstockexchange.com/news-article/SCIR/result-of-general-meeting/15517930

Company received the requisite majority approval from shareholders at the General Meeting held today in respect of the proposed divestment of its interest in the Ruvuma Asset to Wentworth Resources.

https://www.londonstockexchange.com/news-article/SCIR/result-of-general-meeting/15517930

30th June 2023 is the longstop Highland.

The Conditions Precedent must be satisfied or waived by 30 June 2023 (the "Longstop Date") (unless such date is extended by agreement between Scirocco and Wentworth), otherwise the Asset Purchase Agreement automatically terminates.

Very strange, all the other companies that had GM's today have pretty much all already reported, what's going on with the BOD here?

Is that allowed, not the normal process?

Offensive, looking at the SP and trades the last 3 years it looks like a big fat Zero does it not.

How's your work going at Orana, see you are getting some placings away MRc/D..an

Can't let it go for a minute can you even on a day like today.

10:30

Repeated your post over on ADVFN BD.

GLA

Good luck folks

Everything but just over 3% although there is large holder fully aligned with the BOD and Gneiss (ironically pronounced Nice)
The shareholders group I believe have votes above the combined BOD and "FOREST NOMINEES LIMITED" 8.63% (Jersey)

I think CP is referring to the fact SCIR shareholders have got together on mass to vote no to the deal. What the final numbers will be is any ones guess, find out tomorrow.

https://www.thecitizen.co.tz/tanzania/news/national/tanzania-in-a-new-initiative-to-attract-oil-gas-investors-3859686

https://www.thecitizen.co.tz/tanzania/news/national/tanzania-in-a-new-initiative-to-attract-oil-gas-investors-3859686

You can clearly see the huge area covered in the clearance lines. Thanks to James Ashton.

https://twitter.com/james_ashton_/status/1541082721900007424

Thanks to James Ashton

https://twitter.com/james_ashton_/status/1541082721900007424

From 6th August 18
Total Income £11,940,000
Loan repayment -£1,220,000
AD plant -£1,200,000
Other spending? £9,520,000

Agreed 44J and to put it into perspective, SCIR would need 100 AD plants the same as the current one to earn the same as Ruvuma is forecast to earn per year with the 140 million scuffs per day production.