Scirocco Energy’s strategy is to acquire a diverse portfolio of direct and indirect interests in attractive production and development opportunities within the European transition energy market.
The board is seeking to establish a broader European energy market strategy, investing in opportunities which meet the following criteria;
Cash generative, with the potential to re-invest operational cash flow in further growth;
Situated within the broad energy space, a market which the Board knows well;and
Primary targets within the natural gas space, augmented by opportunities which may benefit from low carbon and electrification dynamics;
Assets which can attract the necessary investment capital, taking appropriate account of growing investor sentiment towards ESG and SRI indicators;
Assets which deliver stable returns, with lower exposure to global commodity prices.