Scirocco Energy plc said that a group of its shareholders had requested a general meeting to discuss strategy, share price and a revenue audit and funding of the Ruvuma gas interest in Tanzania. PROPOSED RESOLUTIONS The company added it would call a general meeting within 21 days of receiving a valid requisition. It will hold […]
Tag: Scirocco Energy plc
Scirocco signs binding deal with APT for Ruvuma interest
Scirocco Energy plc said that ARA Petroleum Tanzania (APT) intended to exercise its pre-emption rights over the company’s sale of its Ruvuma gas interest in Tanzania. AGREEMENTS Scirocco had previously agreed to sell its Ruvuma interest to Wentworth Resources plc. “Scirocco has now entered into binding agreements with APT which, inter-alia, provides access to cash call […]
Scirocco sees TPDC waive right of first refusal over Ruvuma gas sale
Scirocco Energy plc said that Tanzania’s national energy company had confirmed it would not exercise its statutory right of first refusal over the investment company’s sale of its 25% interest in the Ruvuma gas asset. APT Tanzania Petroleum Development Corporation (TPDC) and project operator ARA Petroleum Tanzania Ltd (APT) both hold pre-emption rights. Scirocco added […]
Scirocco notes seismic award for Kiliwani North
Scirocco Energy plc announced the award of the seismic acquisition programme covering 200km2 at the Kiliwani North gas development licence (KNDL), onshore Tanzania. RESERVOIR DEFINITION The company holds a legacy 8.39% non-operated working interest in the licence. African Geophysical Services LLP (AGS) will conduct the seismic to include the adjacent Songo Songo licence with a […]
Scirocco defaults on Prolific Basins loan
Scirocco Energy plc said it had defaulted the terms of its Prolific Basins LLC loan facility following defeat of two resolutions at the company’s general meeting. OUTSTANDING BALANCE Of a total of six, resolutions four and five failed to gain the required majority, with resolution five key to maintaining the terms of the facility. Scirocco […]
Scirocco JV assesses drill location at Chikumbi-1 well
Scirocco Energy plc said that its joint venture (JV) partner had received the first batch of seismic data to determine the drilling location for the Chikumbi-1 (CH-1) well, on the Ruvuma PSA in Tanzania. PREPARATIONS Ruvuma contains the Ntorya gas field from which the company expects a development into a large onshore gas discovery near […]