||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Sirius Petroleum Share Discussion Threads
Showing 57526 to 57539 of 57550 messages
|Alan, are you hoping a few will sell on your negative sentiment by any chance?
Get the price down a few more decimals for a greedy top up?|
|Most directors past and present totally out of their depth.|
|Poorly run company from the outset.
Guarantee petroleum didnt like them until recently.|
,I've even wondered at times if the Ororo funding has been purposely stalled to coincide with some sort of securing of 241.,
I envisage the end game as the 40% of the economic interest in Ororo being incorporated into the 241 percentage and emerge as a new single entity so as to claim the tax status on both under a single 'umbrella'. Once this has been achieved, then the sell off, with the majority of 241 remaining in Nigerian State hands.
We still don't know Dr Mimimko's involvement with respect to 241..for all we know he may also have a large chunk of SRSP via Nominee Accounts and be instrumental to the outcome of SRSP's destiny especially if he decides to put a large part of 241 up for sale and into the mix at the same time as part of the end game that Newco may insist on. I'm sure that Dr Mimimko would want to convert some of his assets into liquid cash.
As the largest economic holder in Ororo, you can bet your bottom dollar that the srsp bod and Dr Mimimko are in constant touch with each other as Ororo's strategy is dependant on srsp's funding.....this is the link between srsp and 241 and I'm certain that Dr Mimimko is aware and privy to the strategy going forward. If Owena is partially State owned then the fact that no pressure has been applied to srsp to get oil out of the ground, then this speaks volumes.|
|Full PR was given to Imperial as it started to develop its Tomsk, Siberian oil assets. The iis, Schroder etc moved in. AR's holding progressively reduced from the original 60% down to 6% at sale. AR's take was $80m but could've been $800m.
OPL241 shrouded in complete secrecy. Nothing whatsoever on any developments there from Sirius, OilWorld, Lekoil, Owena. We do know that PGS gathered high quality 3D seismic data on the whole block, and that Schlumberger has spent 3 years to complete its analysis on it.
Article from 1996...
Agip's recent oil find in Abo-2, located at the southwestern slope to the poor Abo-1 (24 ft of oil) its second deepwater well offshore Nigeria, will strengthen the argument of those who claim that the deepwater province off the Niger Delta is an enormous oil basin.
The well, drilled with the aid of old fashioned 2D seismic data, encountered 100 ft net oil sand at 6,552 ft, a level that Agip had expected on seismic profile. What's more, the lease, OPL 316, is in an area that was considered gas prone, being the shallowest lease in the deep offshore region, and a mere stepdown from OPL 241(the former OML 97, until recently operated by Chevron). Its location makes it a transition zone between the gas-prone outer shelf of the delta, typified by Chevron's experience in OPL 241, and the inner slope of the Atlantic.|
|Secured when political sitiuation is stable.
Could be waiting a long long time
"The party said there was need for Governor Olusegun Mimiko to tell the people the position of the oil block, valued at over $1 billion.
It noted that revenue details, state income, budgets and implementation as well as public ownership of information were shrouded in secrecy."|
|True. I've made a couple of attempts to find out a little more via LEK's official channels.........tumbleweed.
Speaking of secrecy - and apologies if I've shared this previously - but as well as the required asset non-disclosure contributing to shareholder frustration and a low share price, I talked last year with a former Board member who confirmed just how much Regan was profoundly impacted by his experience with Imperial Energy.
In a nutshell he was a founder shareholder of the O&G company which went on to be sold at a large premium to the listing price. The PR trumpet was blown throughout its existence, leading to strong PI & II interest as well as large dilution for Regan.
I was told categorically that this was a massive lesson learnt for AR and one that has directy shaped a very different strategy for Sirius, one of limited disclosure, a distinct lack of PR and operating behind a cloak of secrecy.
It seems like all are seated at the table and at some point the block will be secured somehow. It's probably only then that we'll revert to acting like most other O&G companies with regards to PR & shareholder communication. I've even wondered at times if the Ororo funding has been purposely stalled to coincide with some sort of securing of 241.|
|@sherlock you also have to ask why Lek have gone very quiet on their 1/10% in 241.Very strange|
|Pushed down the production route yes they said that nearly a year ago now, hard to start production with no cash still yet they've spent all these millions already but on the face of it still have zero value or actual physical progress to show for anything? Big cover up or big balls up maybe a combo of the two.|
|And that, presumably, Ruedolf, is why we get the recent additions the BoD, and the request for an updated assessment of Ororo, as the recognition dawned late last year. If, as you suggest, we were in a tight corner with oil plunging and any likely investors closing wallets, then $50 oil will help get us out. I, and I suspect we all, are sincerely hoping that we get the CPR very soon. Further, that The talent and contacts now on board, are close to signing off on the deal. It could move very quickly to an AD, an EGM, a renewed DPR permit and actual press's being made, at long bloody last.|
|Hopefully getting these secretive blocks up and ready for action rocka when the heck are we gonna be told the true facts that's the question?!|
|Allow me to ask a question.
If in 2014 they clocked up a debt of £5.61m, in 2013 the debt for that year was £6.39m and 2012 £3.8m. With the up and coming results at the end of June you can add a further estimated £4m to the list.....that's about £20m in the last four year with a possible total of about £40m since inception. To justify the 40% economic interest in Ororo srsp needs to fulfill the FTSA remit that requires the supply of the Project finance which is , as yet, is still in abeyance. Let's call a spade a spade, technically, at this moment in time, on paper at least, they've got nothing. The question being, if they've spent about £40m in the past five years and have got nothing to show for it, why are they capitalised at £5.38m?.....it would seem that the only true 'asset' they have is the debt itself. £40m is a lot of money....and must have gone somewhere.|
|And yes you undoubtably do know more about shares than I ever would☺|