Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Petroleum LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -3.29% 0.735p 0.72p 0.75p 0.76p 0.735p 0.76p 7,717,530.00 11:44:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.1 -0.3 - 18.58

Sirius Petroleum Share Discussion Threads

Showing 68676 to 68700 of 68700 messages
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DateSubjectAuthorDiscuss
22/3/2017
22:39
Meta 35mmb ; Oloye 76mmb ; Shango 27 mmb ; Ruta-Azama 56 mmb About 4 more to be added to those from OML95 which were in the abandoned bid round. Opolo, Mina, Ewan and ano. You won't be seeing these in any forthcoming bidding round. These are the 8 fields which will be tied into the Ororo strategic hub. Add up the 2P reserves , in total it comes to around 250mmb. Ororo is estimated at 22 mboe
dr rosso
22/3/2017
21:53
Looking more and more like the gas regulations in the PIB pivotal .Got to be connected surely.
bronislav
22/3/2017
21:37
The aborted 2013 Marginal Field bid round is back on again in 2017. The fields include the Chevron allocated META,OLOYE and SHANGO fields, all on OML 95. According to the article below, the bidding round will start after the publishing of the BIP.(you never know, maybe this is why bobo was a bit ambiguous about the exact spud date...not only waiting for the PIB but also looking at more fields in OML95) HTTP://newtelegraphonline.com/news/fg-unveils-fresh-marginal-oil-blocs-allocation-plan/ HTTP://energymixreport.com/chevron-agip-to-contribute-14-fields-to-marginal-bid-round/
htrocka2
22/3/2017
19:52
I agree xerot! Times up for clues in rnss etc! They have had more than enough time to get this up and running. For us still just to be receiving dilution rnss is very poor!
shez20
22/3/2017
19:28
Sherl0ck - 22 Mar 2017 - 10:40 - 62347 of 62375 - 1What doesn't make sense in any insider share shuffling/snaffling scenarios is Calvet recently opting to take £0.5m in cash rather than bootfilling with loads more cheap shares at 0.5p.Presumably these guys know a little more than us and as bh alluded to the other large entity dumping 150m simultaneously! If it wasn't for the 3 majors we have signed up I would be a lot more worried about this! News needed in next few weeks to hit hydros in h1 like Bobo has recently confirmed! Hopefully things a lot clearer then!
shez20
22/3/2017
19:13
Very good point DN There's been some enlightening and excellent posts today. Its good to see :) An RNS will drop one day with some PROPER MEAT, not miscalculated shares or another placing - something we all want to savor. Till then the opinions and ideas how this will play out continue....
bumhammer
22/3/2017
19:11
Good point, atropa belladonna . . . . . .
handygandhi
22/3/2017
18:49
Good interesting post HT. All should be revealed here one way or the other by end of june, so in the grand scheme of things whats another 12 or so weeks to wait considering some poor folk have been invested here for anything upto 10 years. There must have been a good reason for that podcast being released last week, even more so when you consider the lack of news flow over the years, why would sirius have done that podcast if it had no meaning or reason to.
deadly nightshade
22/3/2017
17:59
I hope investors in SRSP realise the advantage we have by the Ororo investment. As of 2013 new legislation came in that prohibits a single entity to own more than 25% equity interest in a marginal field. The SRSP FTSA was agreed prior to the new legislation of 2012. I wondered if SRSP had applied for up to three more marginal fields, the maximum allowed, in the 2013 bid round, that now requires at least four members/partners to a field, hence, this may be the reason for the 'fourth element'....who will be required by the new legislation for future development of further marginal fields that SRSP may have applied for. HTTP://www.mondaq.com/x/294762/Oil+Gas+Electricity/Marginal+Field+Bid+Round+2013 rns extract.. 'Additionally, having previously announced that the Company and its Partners would apply to the Ministry of Petroleum Resources in Nigeria to legally ratify Sirius' 40 per cent interest in the Ororo Field, the Directors no longer consider that this step is necessary. According to recent DPR guidelines, approval by the Minister of Petroleum Resources (the "Minister") is required for assignment of any right, power or interest in an Oil Prospecting Licence ("OPL"), Oil Mining Lease ("OML"), Marginal Field ("MF") or Oil and Gas Pipeline Licence ("OGPL") as required under the provisions of the Petroleum Act Cap P10 Laws of the Federation of Nigeria ("LFN") 2004 ("PA") and of the Oil Pipelines Act Cap O7 LFN 2004 ("OPA") respectively. However, the Company entered into the FTSA agreement, which sets out Sirius' 40 per cent economic entitlement with its Partners prior to the introduction of these aforementioned guidelines and therefore the Directors are of the opinion that Ministerial approval is not required. When funding for the Ororo 2 well has progressed, Sirius expects to be able to conclude the amendment or waiver of certain terms of the FTSA as referred to in the announcement of 22 September 2015
htrocka2
22/3/2017
17:26
http://www.theodora.com/pipelines/nigeria_oil_gas_and_products_pipelines_map.html#map
drrichard
22/3/2017
17:17
Can anyone confirm details of exactly what gas pipeline infrastructure is already in place around Ororo? (The CPR Exec summary mentions exporting gas via pipeline to Parabe).
sherl0ck
22/3/2017
14:19
Open field I agree and that's why I still hold .I think that the board are orchestrated from behind the scenes.I feel sure they have done what they set out to achieve and carried out their role to the best of their ability but I don't think they are the ones pulling the strings..Bobo takes care to present himself and the company at the podcast yet the company at times struggle with rns,s about warrents and shares in issue with quite obvious mistakes.
bronislav
22/3/2017
13:45
Yes time frames will be tight but you have got to think end of april is the limit to no news if they are serious about drilling 1st half. what we have got to remember, as dr rosso once said, for all we know things could be a lot further ahead then we think, plus add on the fact that ororo has already flowed oil then its not like its a blind drill we are doing, is it just a case of linking this platform up and bobs your uncle. i have laid my money down and taken my chances here, but even though we have had a lot of positives the last year i am not counting nothing till this all happens.
deadly nightshade
22/3/2017
13:30
Agree, Deadly. We have COSL saying to the press "we are contracted to drill by June 2017" we have Bobo repeatedly saying by H1. What is amazing is that the hours I have spent googling various permutations of H1, May March 2017 ADDEnery, COSL, Schlum, SRSP, and Ororo and...zilch new this last two months. Either it is screwed down so tight that nothing is leaking or we are going to see a tidal wave of RNSs as things happen in double fast time as the starting whistle is is blown. Or, as you say, WTF?
drrichard
22/3/2017
13:23
Xerot if you think I've been told the whole story then I'm afraid you're very wide of the mark and I'm sure Chris, Bobo or whoever is on BB monitoring duty today will chuckle at the very thought of little old me even being anywhere close to the inside. And I do still 100% stand by the view that some big clues have been subtly laid out in RNSs and have been overlooked. I missed them too initially and it was only later that my wider research led me back to join some dots. I may yet be proven wrong, but if I'm on the right track, I now have a very different view of Sirius compared to this time last year. But I'm totally only backing my own judgement on this and literally putting my money where my mouth is. Time will tell if it's been a smart or unwise move.
sherl0ck
22/3/2017
13:11
yes sound have been the only recent good sucess story, to think i was tipped them at 14p and never had a penny on them. they were also at that master investors show the same one sirius did, we are still on the starting blocks and they are half way up the finish straight. bobo has stated action first half 2017 and i am prepared to sit tight till the end of april but if no news by then and i will start questioning my sanity being invested here.
deadly nightshade
22/3/2017
13:10
Bron - I could tell you that I look like Ryan Reynolds and play football like Pele (not know obviously) but it doesn't mean it's true. We have to believe Bobo. We have no choice other than selling up.
openfield68
22/3/2017
13:03
SOU's funding formula helps it achieve a valuation of near-on £500m, first gas not until 2019.
dr rosso
22/3/2017
13:03
As far as pis in the dark know we are still on the starting block after ten years and facing many more years possibly to see any return on our cash due to years of dillution unless they pull there finger out and actually get some decent concrete news out and asap h1 is approaching fast and the share price is still nose diving why agm was months ago and still no decent news??
aventador
22/3/2017
12:59
What about sound deadly - worth a fair chunk.I think the valuations are dependant on many factors not just the reserves.Seplat - serious amounts of debt on there shoulders, enterprise value high, equity value low.Ophir - exactly the same, large debts and a cash burn that is asking many questions and raises many doubts regarding its future.Lekoil - ogo is all prospective until they drill further wells, where's that money coming from, they to have debts to fund from there production.Equity value takes into account debts, risks, timeframes and many other factors.You'd be surprised how much the market would value large reserve base with near term production, access to finance and minimal dilution or interest charges heading into a large Nigerian development plan alongside major partners.
pipelinepete
22/3/2017
12:54
Openfields...hydrocarbons by the end of H1.......BOBOS words....It all depends on whether or not we take much note to what bobo says.Surely to make that statement there can be no doubts that barring unforeseen problems,he knows it to be the case.Everything is there that's needed to complete this task ,the expertise ,the will,surely FG approval and so it seems nailed on.RE OIL PRICE .. I get the feeling we are targeting gas at this stage.
bronislav
22/3/2017
12:52
Just to pick up on a point from sherlock, what we have also got to remember here is where our asset / possible assets are based in nigeria that will have a anchor effect on the share price, you only have to look at SAN LEON / SEPLAT / LEK share prices to see that they are producing and have still not got big valuations based on their assets. I can remember when SAN LEON was suspended everyone was talking about £3 a share once it was traded again and when it did it hardly rose to 60pish and just about doubled. Also worth remembering that oil/gas in the ground is valued at peanuts these days just ask rockhopper / providence / ophir etc there share price is hardly reflecting the worth of oil/gas in the ground. We need to be producing asap and turning over a revenue which will then bring other assets on line. Talk of 15p - 50p here has surely got to be a bit wishfull thinking. 2P-4P short term would be a massive acheivement considering where we are at the moment plus add on the state of the oil market at the moment. I think the days of silly valuations for e and p companies are long gone. If this was 10 years ago yes we could be seeing another pence to pounds rises like we use to see but the only thing the markets want now is profit on production.
deadly nightshade
22/3/2017
12:29
Sherlock its ok for you to lead the horse to water after obviously being sat down and told the full story but unlike yourself there is a lot of people in the dark still and that old line of read the rns is a load of rubbish. Tell us whats been going on and do it soon. 10 years and counting
xerot
22/3/2017
12:29
Sherl0ck You forgot to add to your list of moaning and derisory comments, wild speculation - some informed, some less so. We all hope Sirius will go the way of AHT - as mentioned by another - but presently we don't really know what is going on or who is involved (bar the big three) and to what level their involvement, despite the best guessing by some. We can all live like happy pixies in the enchanted wood hoping for the best as we listen to others pull figures from a hat and compare Sirius to other companies. The fact of the matter is that last year oil prices bombed which changed the outlook for many in the O&G world. Sirius could have a handful of aces but if the pot is only a £1 you still can't buy a Ferrari. What we do know, as I am led to believe, is that drilling should have started by the end of June. According to some this is going to happen '100%'. Let's hope this is the case and we can all go shopping. If it doesn't I would suggest there are problems...although I am sure am honoured member will give a good explanation for the reason why things have not happened.
openfield68
22/3/2017
12:06
HTTP://www.greenenergyint.org/geil/operations/ Took just 2 years for LEK to get the 20mb swamp marginal into production, with its indigenous partner. No sign of any multi-billion dollar funders/drillers here.
dr rosso
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