REG - Scirocco Energy PLC - Payment of Kiliwani North Gas Receivables Update

Scirocco EnergyAnnouncement

18/11/2021 07:05

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RNS Number : 8042S  Scirocco Energy PLC  18 November 2021

18 November 2021

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Payment of Kiliwani North Gas Receivables Further Update

 

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive
assets within the European sustainable energy and circular economy markets,
announces that, further to its announcement on 15 October 2021 in which it
noted that the Joint Venture had reached an agreement with the Tanzania
Petroleum Development Corporation ("TPDC") for the payment of outstanding
monies owed for past gas sales to the TPDC, that the operator, Aminex plc, has
now received full payment from the TPDC pursuant to the agreement with the
TPDC.

 

As previously announced, Scirocco Energy shall receive US$0.15 million for its
share of the gas sales net of remittance of indirect taxes and export duties.

 

Tom Reynolds, Chief Executive Officer, commented:

 

"We are delighted that resolution of this longstanding issue has been reached
and payments have been received. We thank TPDC for their efforts in bringing
this to a mutually beneficially conclusion."

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European (Withdrawal) Act 2018.

 

For further information:

 Scirocco Energy plc                            +44 (0) 20 7466 5000

 Tom Reynolds, CEO

 Doug Rycroft, COO

 Strand Hanson Limited, Nominated Adviser       +44 (0) 20 7409 3494

 Ritchie Balmer / James Spinney / Rory Murphy

 WH Ireland Limited, Broker                     +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

 Buchanan, Financial PR                         +44 (0) 20 7466 5000

 Ben Romney / Jon Krinks / James Husband

 

 

 

 

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