Scirocco Energy Share Discussion Threads

[westendwinston] 17/10/2023 01:14

Watch all the snouts come out for a feast now!! Keep eye on that Gneiss gizz - bet they take a slug

[barony] 16/10/2023 15:46

20% doesn’t seem enough when there is money in the bank, so much more to come and a line of profit generating opportunities almost guaranteed.

[tomboyb] 16/10/2023 12:46

Got to worth a small punt at these levels -

Looking for 0.70p -

[barony] 02/10/2023 11:33

Yeah! Cash soon and the investments we need to generate more revenue and profits.

[tomboyb] 02/10/2023 06:09

Scirocco Energy PLC Ruvuma Transaction Update (2662O)
02/10/2023 7:00am
UK Regulatory (RNS & others)

Scirocco Energy (LSE:SCIR)
Intraday Stock Chart

Monday 2 October 2023

Click Here for more Scirocco Energy Charts.
TIDMSCIR

RNS Number : 2662O

Scirocco Energy PLC

02 October 2023

2 October 2023

Scirocco Energy plc

("Scirocco" or the "Company")

Ruvuma Transaction Update - Ministerial Approval Received

Scirocco Energy plc (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, today announces an update on the Ruvuma transaction.

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.

Commenting on the update, CEO Tom Reynolds said:

"Ministerial approval brings us one step closer to the impending completion of this transformative transaction, and we are grateful to the Tanzanian authorities for their support. This is a watershed moment for the Company that completes Scirocco's evolution from an investor in diverse hydrocarbon assets into an investor into cash-generative assets within the European sustainable energy and circular economy markets. We see a broad range of opportunities in these markets providing scope for low-risk, sustainable returns. We look forward to announcing completion of this long-awaited divestment in the coming weeks."

For further information:

[medusala] 07/9/2023 16:40

Yep - blue sky Gneiss

[westendwinston] 02/9/2023 07:33

I bet final approval is delayed. And they want more free moneyNothing easy in Tanzania

[barony] 29/8/2023 07:32

Come on Tanzania Gov, extract the digit!

[westendwinston] 21/8/2023 01:36

Board are morons. Dunny them all

[barony] 09/8/2023 16:50

I’m annoyed that I couldn’t vote with the board today as my shares are in sipp and isas! I think it is short sighted not to have voted for resolution 6, 7 & 8. I believe there is a choice morsel waiting for the board to leap at right now, which is why they don’t want to wait for the Ruvuma cash.

[tomboyb] 09/8/2023 08:38

You can still sell at a large premium -

news due this month on monies -

[tomboyb] 07/8/2023 06:55

blue day today? -

Lets see -

[manual dexterity] 05/8/2023 12:44

It will be interesting to see what transpires from here.

[barony] 04/8/2023 15:07

That’s more like it and, I believe, well overdue!

[tomboyb] 04/8/2023 15:04

Going further up -

[tomboyb] 04/8/2023 14:51

1.7mill buy -

[tomboyb] 04/8/2023 14:21

1p probably my target medium term -

"controlled rise"

[c31161] 04/8/2023 14:14

I need 25p to get my money back lol

[tomboyb] 04/8/2023 14:09

375k max online at 0.5976p -

[tomboyb] 04/8/2023 14:07

only 1.5mill here -

target around 1p -

[tomboyb] 04/8/2023 14:00

Wow NT at 0.60p - !!

[tomboyb] 04/8/2023 10:45

1mill max online at 0.54p -