Scirocco Energy Share Discussion Threads

[barony] 13/7/2021 14:03

They sold our nearly 5% stake in HE1 cheaply and have done nowt with the money yet. Surely they must be doing something?

[canigou2] 06/7/2021 00:34

"not consider new investments in Oil and Gas assets or businesses" .. are they committed to Tanzania or looking at a future fire sale?

[goggin] 05/7/2021 20:46

Where and on what forum was the speculation? Not Advfn?

[johncasey] 05/7/2021 16:56

Scirocco Energy PLC Response to Investor Forum Speculation
05/07/2021 4:36pm
UK Regulatory (RNS & others)

Scirocco Energy (LSE:SCIR)
Intraday Stock Chart

Monday 5 July 2021

Click Here for more Scirocco Energy Charts.
TIDMSCIR

RNS Number : 2271E

Scirocco Energy PLC

05 July 2021

5 July 2021

Scirocco Energy plc

("Scirocco" or "the Company")

Response to Investor Forum Speculation

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive production and development opportunities within the European energy market, provides the response to erroneous speculation on investor forums regarding its intentions with regard to corporate activity in the oil and gas sector generally and with Block Energy PLC ("Block Energy") in particular.

The Board of Scirocco wishes to categorically state that it has never had, nor currently has any intention to engage in corporate discussions with Block Energy. Scirocco has clearly stated a strategic intention to focus on the sustainable energy and circular economy and will therefore not consider new investments in Oil and Gas assets or businesses. As such any speculation that SCIR is considering any form of corporate engagement with Block Energy is completely false.

Furthermore, the Board confirms that none of its Directors are looking to join the Board of Block Energy and any speculation to the contrary on the forums is also completely erroneous.

Scirocco's non-Executive Chairman Alastair Ferguson and non-Executive Director Jon Fitzpatrick do have independent material shareholdings in Block Energy, alongside numerous other personal investments, however they are independent of one another, and those holdings represent the extent of their involvement in that company.

[goggin] 03/7/2021 09:54

This from their website - but what have they done exactly? Is this all bullxxxt? Website is pathetic, stills lifted from stock photos, so amateur. Is this what Scirocco is about, jobs for the boys. Look where the share price is, how much are these guys paying themselves with their fancy tans on YouTube. Never trust a ceo with a sun tan - During 2010 the UK government announced it intended to decarbonise electricity production by incentivising green energy production through a range of incentives such as feed in tariffs and renewable obligation certificates. The purpose was to provide a bankable income profile for qualifying projects, which in most cases, provided a 20-year predictable income. As a result of the attractive incentive levels, there was quick and widespread deployment of renewable technology, particularly the 'low hanging fruit' of solar PV and onshore wind. The incentives quickly attracted the attention of the investment community, and those previously involved in the property sector became heavily involved in the relatively simple technology deployment that solar and wind provided. The key consideration in the majority of these projects was the property element, planning permissions, forms of lease and grid connections, rather than the efficient deployment and operation of the technology.Incentives started to degrade over the following years prior to 2015 with many investment firms raising capital funds through tax driven EIS schemes, many millions of capital was deployed into large complicated biogas and synthetic gas projects, which required full engineering teams and appropriate levels of operating experience.UK based EIS funds invested several hundred million into projects and assets that are now increasingly underperforming, and indeed insolvent. In 2019 EAG has been approached by a range of funds to assess, restructure and rescue these assets by way of acquisition and refurbishment.Embarking on an acquisition process in the green gas, and associated sector throughout 2020, 2021 and 2022, is likely to result in a highly cash generative and much sought-after portfolio of investment grade assets. Recent announcements by the UK government have clearly indicated the direction of travel in the decarbonization of the heating and transport sectors, which EAG is perfectly positioned to take advantage of.

[kwizza] 14/6/2021 21:46

Scirocco Energy says investing £1.2m in Energy Acquisitions Group is 'strategically a very big deal'

[barony] 14/6/2021 18:01

Lousy thread. Three rns’ today and they’re not on here! Plus, no chart.

[1bonanza] 18/5/2021 08:31

Yep, what else is there here to stay for. Always has and will come to nothing.

[canigou2] 18/5/2021 08:21

Lol... Selling the HE1 shares, that'll pay their salaries for a bit longer!

[barony] 30/4/2021 15:39

The daft sods have sold half the HE1 shares!

[barony] 30/4/2021 10:50

Looked at the corporate presentation again and believe it would get our ceo his mba, no problem. Strategy and goal wonderful. Tactics, activity to match and reach that goal, sadly lacking. We are only starting to move from 90% loss on the sp, my shares were bought at, to a mere 75% loss. All purely because of Neil Ritson’s investment in HE1 and nowt else.
Let’s see some sales of assets and acquisition of new ones and, for God’s sake, don’t sell our Helium One shares yet!

[barony] 30/4/2021 10:37

Thank goodness for Neil Ritson! Neil got us HE1. Neil got us our gas assets in Tanzania. The current bod got us a failed gas Acquisition in Europe and more salaries to pay. Have I missed anything?

[doerx2] 29/4/2021 17:53

It's called insider trading or have I missed something?

[dhelect] 29/4/2021 16:47

Anyone know what's behind the huge rise today ?

[saw89] 29/4/2021 13:18

MSMN another Aim Helium play set to go boom today

[36jay] 29/4/2021 11:54

Scir and added up HEMO.Dirst cheap and next multi bagger

[edgein] 28/4/2021 11:21

HE1 continuing to be very lively ahead of the May drilling campaign, lets hope they hit some recoverable helium. Looks like SCIR remain their largest shareholder at about 3.6% after the recent dilution at HE1.

Regards,
Ed.

[barony] 19/4/2021 13:35

WH Ireland sees this as 2.2p share price value, given current HE1 valuation. That’s without any new projects, so maybe there is a chance of me getting my money back. (Only down 80%!)Quite a positive report about the mgt. team and their plans.

[edgein] 12/4/2021 13:53

Stone,

Interesting stuff, hopefully they'll either get a buyer for all that contingent gas reserves or plan on drilling as part of the JV for next year. In the mean time, SCIR's 4.3% of HE-1 now worth almost half the current market cap. Fingers crossed they might even hit helium in the next couple of months. In the next few months those currently speculative assets at HE-1 could be worth more than our market cap. Also Ntorya-3/C-1 is likely to be even more exciting than N-2 as its targeting the oil potential of the Jurassic, something that Tullow wasn't able to do due to gas influx at Likonde-1.

Regards,
Ed.

[stonefold] 07/4/2021 14:39

Thanks to cperkin,

The proposed LNG plant at Lindi would create demand for gas both for Tanz use and for export. It would be situated near the existing gas pipeline and is approx a third of the way between Madimba gas processing plant (The planned destination for APT/SCIR/AEX's Ntorya gas and Songa Songa Island (Kiliwani North Gas).
As well as taking gas from offshore wells when drilled, it would be sited to take surplus onshore gas.

The new president wants to get things moving.
There would be no point building a new LNG plant if Tanz did not equally encourage the development of gas production.
Expect to see a more favourable view from Tanz Gov towards gas explorer/producers from now on. Good for SCIR + AEX



".....Speaking at the swearing-in ceremony of the newly appointed permanent secretaries, their deputies and heads of public institutions at the Dar es Salaam State House yesterday, President Hassan directed the Ministry of Energy to swiftly finalise the ongoing negotiations so that execution of the multi-billion dollar project could start.
She wanted the ministry to evaluate why the project was not moving at the expected pace and identify those obstructing its progress.
“The LGN project is likely to become a National Anthem, because we have sung it for a long time now. It is time to know if the project is viable or not and understand who is blocking it,” she noted.
Those hindering its progress, she said, must be pushed aside. ..."

[onehanson] 01/4/2021 13:55

What's the reason for the recent rise in Aex ?

[edgein] 26/3/2021 13:01

Well guys sounds like there's going to be a lot happening here on the acquisition trail in the near term at both SCIR and drilling action at HE-1, that 4.3% of HE1 could get a lot more valuable this summer:

Acqusitions sound quite imminent:



Exploration drilling starting in mid-May:



Regards,
Ed.

[tommygriff] 13/3/2021 08:56

What is the cash position here?Surely with £1.5m in helium oneOil and gas in Tanzania valued at £10mPlus cash we must have the market cap more than covered?

[lyceeuk] 25/2/2021 15:21

could somebody put a daily chart in the header.thanks