Latest News

Scirocco Energy Plc generates £1.6mln proceeds as it sells Helium One shares


Scirocco Energy Plc (LON:SCIR) has generated some £1.6mln of proceeds from the sale of shares in Helium One Global Ltd.

Scirocco, in a statement, said it had sold an additional 7.45mln Helium One shares to reduce its holding in the Helium One to 9.95mln shares or 1.59% of the company.

It follows a prior transaction and in aggregate the company has generated a total of £2.06mln of proceeds from the sale of Helium One shares since it floated in London in late 2020.

Helium One shares have gained some 400% in value since listing, to trade at 21.5p in Tuesday’s early deals.

The shares are in demand amidst its rapid progress with the Rukwa project where presently preparations are underway for a pivotal drill programme.

Yesterday, Helium One confirmed its planned exploration drilling programme  had received an Environmental Impact Assessment (EIA) Certificate on May 4, meaning the AIM-quoted company has all necessary permits in place to start exploration drilling in early June.

Success with the Rukwa well will unlock a substantial opportunity for Helium One has it sees the project as potentially one of the largest of its type in the world.

Applied Graphene Materials says technology has been used in high-end spray paint for bike enthusiast

Previous article

Love Hemp unveils senior marketing appointments

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News