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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Solo Oil Plc | LSE:SOLO | London | Ordinary Share | GB00BF1BK408 | ORD 0.20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.85 | 1.80 | 1.90 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2021 to May 2024
TIDMSCIR
RNS Number : 8057B
Scirocco Energy PLC
14 June 2021
14 June 2021
Scirocco Energy plc
("Scirocco" of "the Company")
Helium One Update
Commencement of Drilling
Scirocco Energy (AIM: SCIR) notes the update provided by Helium One Limited ("Helium One") (AIM: HE1) this morning in which it announces the commencement of its exploration drilling programme at the Rukwa Project (100% owned by Helium One) in Tanzania. Scirocco has a holding of c. 1.2% in Helium One's current share capital.
Highlights of the Helium One announcement:
-- Drilling has commenced at Tai; a 'must drill' three-way dip closure, upgraded by the Company's recent 2D infill seismic
-- Three well exploration programme targeting shallow trap structures to a maximum depth of 1200m
-- Exploration drilling includes:
o Micro gas chromatograph and mini mass spectrometer used to identify elevated levels of helium in mud and reportable as a helium show
o Wireline logs to identify reservoir and seal units and to confirm pay zones in success case
o Drill Stem Testing unit to attempt to flow helium gas samples to surface
-- Each well will take circa one month to complete
Full details of the announcement can be found on the Helium One's website www.helium-one.com
For further information:
Scirocco Energy plc Tom Reynolds, CEO +44 (0) 20 7466 Doug Rycroft, COO 5000 Strand Hanson Limited, Nominated Adviser +44 (0) 20 7409 James Spinney / Ritchie Balmer / Rory Murphy 3494 WH Ireland Limited, Broker +44 (0) 0207 220 Harry Ansell / Katy Mitchell 1666 Buchanan, Financial PR +44 (0) 20 7466 Ben Romney / Kelsey Traynor / James Husband 5000
Notes to Editors
Helium One is an independent specialist explorer focusing on delineating and developing significant helium assets in Tanzania. This company holds more than 4,500 square km of exclusive licences encompassing four project areas, the largest of which is Rukwa.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
June 14, 2021 06:10 ET (10:10 GMT)
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