Legal News Oil & Gas

Scirocco appoints voluntary liquidator

Scirocco Energy Ltd has appointed a voluntary liquidator following approval in a general meeting earlier this month. The appointment follows shareholders‘ vote to wind up the company and for cash to be returned to them. Companies House recorded that Scirocco re-registered in June as a private company.

News Oil & Gas

Scirocco looks to higher return from Ruvuma potential

Scirocco Energy plc said it could receive higher contingent payments although possibly delayed from its Ruvuma interest, based on “enormous wider potential” from new data. SEISMIC DATA The increase is based on geomodelling of 338km2 3D seismic data of the Ntorya gas field, which had “significantly” increased gas initially in place (GIIP) to 3.45 trillion […]

Finance News Oil & Gas

Scirocco Energy plans to sell interest in EAG

Scirocco Energy plc plans to sell its interest and investment in Energy Acquisitions Group Ltd (EAG) for £2.6 million plus contingent consideration of up to a further £150,000. SHAREHOLDERS The sale, related to anaerobic digestion sites, is to OrbeNovo Sponsor LLP. Scirocco said that the growth of EAG was “heavily dependent” on more investment but […]

Company Moves News Oil & Gas

Scirocco Energy COO Doug Rycroft steps down

Scirocco Energy plc chief operating officer Doug Rycroft has stepped down from his position following the company’s completed sale of its Ruvuma gas interest in Tanzania. Chief executive Tom Reynolds said: “As a secondee from Gneiss Energy, which assisted us with the disposal of Ruvuma, Doug has played a critical role in managing Scirocco’s interest […]

News Oil & Gas

Scirocco completes sale of 25% legacy interest in Ruvuma

Scirocco Energy plc has completed the sale of its 25% legacy interest in the Ruvuma onshore gas project in Tanzania. The company said that purchaser ARA Petroleum Tanzania had paid the balance of $2.54 million. Future contingent payments will depend on Ruvuma’s development. The investment was originally made by Solo Oil plc, from which Scirocco […]