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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 |
TIDMSCIR
RNS Number : 5647C
Scirocco Energy PLC
21 June 2021
21 June 2021
Scirocco Energy plc
("Scirocco" of "the Company")
Helium One Update
Identification of Helium Enriched Gas Shows in the Lake Bed Formation
Scirocco Energy (AIM: SCIR) notes the update provided by Helium One Limited ("Helium One") (AIM: HE1) this morning in which it announced the presence of helium enriched gas in drilling mud (a "Gas Show") in the Lake Bed Formation while drilling Tai-1 well at the Rukwa Project (100%) in Tanzania. Scirocco has a holding of c. 1.2% in Helium One's current share capital.
Highlights:
-- Helium shows identified in shallow strata from 70.5 metres
-- Micro-Gas Chromatograph showing He concentrations up to 22,084ppm (2.2%) He in gas recovered from drilling mud
-- Drilling operations will continue to the base of Lake Bed Formation, anticipated to be at 400 metres, before wireline logging can provide additional information
Full details of the announcement can be found on the Helium One's website www.helium-one.com
Tom Reynolds, CEO commented: "We are delighted with the news today from Helium One in which they have identified the presence of helium in the drilling mud from a very shallow depth. Although early days in the exploration drilling, we look forward to further updates from the Company as they look to identify if there is commerciality."
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.
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June 21, 2021 07:01 ET (11:01 GMT)
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