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Sirius Pet Share Chat - SRSP

Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Pet LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 0.90 0.85 0.95 0.90 0.90 0.90 2,293,865 07:59:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -6.4 -0.8 - 11.23

Sirius Petroleum Bulletin Board

DateSubjectDiscuss
25/5/2015
13:22
Will it all start to change from Friday http://www.bbc.co.uk/news/world-africa-32873349
by kwizza on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
25/5/2015
09:31
I'm sure we'll get a similar one, hopefully by the end of the year. HTTP://www.wsj.com/articles/independence-group-to-buy-sirius-resources-for-1-4-billion-1432522291 (just a coincidence...I don't know how many of you read the bible.. but the best gold in the world, in Solomon's day, came from Ophir...could be a sign?)
by htrocka2 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
25/5/2015
08:56
Ha ha Chris or should that be Ah ha!
by potholepete on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
24/5/2015
22:14
Potholepete - but why is that relevant?It's not like anyone involved with Sirius has Tory links, or funded them, or sponsored them for peerage or served in the cabinet....Right?
by minichris on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
24/5/2015
19:22
Thundercat1....apology accepted....and I give Dr. full backing to his last post....I'm just frustrated that the operation should have been up and running by now....I'm also into gold companies that have no intention of mining the product it's self....but are set up purely to locate the resource so as to reduce expenditure to production companies......which is the primary objective of SRSP's agenda.
by htrocka2 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
24/5/2015
14:33
Sirius wasn't brought into existence to go into any kind of oil production. Despite a string of pretences, trickery, red herrings and general scaremongering, it was created for one reason only, to perform as a listed quasi-indigenous intermediary for the transfer of 2 hugely lucrative block assets from Ondo-Owena into an Ondo-Owena-Ophir combo. An orchestrated plan, carried out at the highest level, it was not set up to fail, as the involvement of multiple big name oil parties will testify. Crew of Kuti-Pryde-Hayward-Hirschfield-Fry-Fletcher-Johnson-Kejriwal = bunch of accountants, tax-efficiency experts and M&A specialists who might be able to change the car engine oil but that's as far as it goes.
by dr rosso on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
24/5/2015
12:44
Doubly irrelevant because a long lingering dispute over the perceived ownership of Owena O&G is an internal Ondo affair which has no bearing on Sirius stake in the asset.
by dr rosso on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
23:10
HTrocka this is all very dull. Ororo is tiny compared with OPL241 which is the one they are looking at most anyway so you have wasted years thinking about something that is completely irrelevant.
by chris shiherlis on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
20:46
On the other hand, maybe SRSP BoD are more proactive and, being financiers, have different connections in the business world. You can have two companies with identical assets, but it's the people running the company that makes it succeed or fail. Maybe we have more than one interested party in our assets, and the "loser" might then look towards Guarantee. Lots of maybes and don't knows...
by ropot on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
17:15
" Sherl0ck 23 May'15 - 14:01 - 33515 48 directors haven't worked out yet that their financial share from their portion of zero producing barrels from Ororo is.....er, zero. " Exactly .... Guarantee Petroleum have 55% of the licence for the last 12 years and failed to extract any oil..... They simply don't have the funds to get ororo into production and in this downturn in the oil sector will not be able to get any external funds ... which in why the DPR want Guarantee Petroleum off the licence and probably srsp to take over. But the problem is ... Guarantee Petroleum are legally still owners of the licence and the DPR require the oil minister to sign off in removing Guarantee Petroleum ..... its likely srsp will have to wait for the new adminisration to take over in june before there is any progress in the licence issue.....but you just don't know what political connections Guarantee Petroleum may have with the new administration.
by ruedolf on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
14:14
They (SRSP) never refuted this claim and so many suitors have done their due diligence and walked away..Hmmm wonder why ?? HTTP://guaranteepetroleum.com/about-us/company-information/2-uncategorised/15-disclaimer We wish to inform the General Public that Ororo Marginal Field is 100% owned by Guarantee Petroleum Company Limited and Owena Oil and Gas Limited in ratio 55% and 45% respectively. Anybody who transacts any business with SIRIUS Petroleum on ORORO Field does so at his or her own risk.
by granitetim on SIRIUS PETROLEUM - CASHED STRAPPED AND READY TO FOLD
23/5/2015
14:01
48 directors haven't worked out yet that their financial share from their portion of zero producing barrels from Ororo is.....er, zero.
by sherl0ck on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
13:03
Great post Dr Rosso :) Ht rocka change the record mate.
by thundercat1 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
10:36
htrocka - what will it be next - how about an effort to convince everybody that the Guarantee Petroleum website is authentic ?
by omzy on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
10:02
Related item. From the following article one will see why it's very important to dot all the 'i's' and cross the 'tees'. NNPC went ahead with a deal that was not fully water tight and have now been ordered to pay $500m as from today....This is why the Owena debacle has got to be 100% done and dusted before SRSP's commitment. HHTP://www.thisdaylive.com/articles/after-22-years-french-court-orders-nnpc-to-pay-n95bn-to-lenoil/210051/
by htrocka2 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
09:55
The block contains 3 appraisal wells drilled by Chevron, each on a separate field and each one classed as an O&G discovery. On the basis of PGS 3D seismic collection, followed up by Schlumberger's analysis a no. of further fields have been identified as targets for drilling. Never mind 1bbn, the block is estimated to contain over 7bbn stoiip, over which Sirius has retained an exclusive option to take 40%, with a further option to increase. Over the course of the last 3 years, prospective has been converted to contingent, and much of that converted to proven/probable. What should be obvious is that such an enormous asset is highly commercially sensitive, which partially explains the secrecy. Without doubt its development is way way beyond the capacity of an oil minnow, which is why a $300m LTF package is being assembled by NewCo, aided by Ajami, with its Havoc scout team and its new operator partner. The only way NewCo can access the asset is through Sirius. There are 2 main reasons for the creation of Sirius Petroleum. First reason is that all prep work had to be done through subsidiaries with quasi-indigenous status. That was achieved through the link up with Taglient, contracts with local Cos, and devising a community development programme. Around $6m has been spent to date, loans to the Co. having been repaid in the form of shares to the insider backers. A variety of stunts have been pulled to deter outsider potential investors/punters. Second reason... well, I'd better leave that for others to work out. The big names in on this venture are not a bunch of chancers.
by dr rosso on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
08:06
Even if we do plan to utilise the refinery, no reason to delay taking initial steps in actually selling the company and Newco getting oil flowing. Block production at 50-60k bopd must be at least 1.5 - 2yrs away anyway even after the trigger is pulled, so why not get the ball rolling now and if we're fortunate to be pumping significant oil before Mr D's refinery is ready, I'm sure we can find another use for it via BTG. A large block could produce for the next 50+ years so I can't imagine they'd take a short sighted view after all the preliminary 2C to 2P conversion work and then just sit around twiddling thumbs while waiting on a huge construction project that could itself be delayed.
by sherl0ck on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
01:11
The technical guys spent 2012 to 2013 turning 2c into 2p reserves. I think they delay is they want this oil flowing into the new refinery that is being built hence all the delays and nonsense. The more oil goes into that refinery from assets in the state the better it is for Ondo state and Mr D. Gives time for the field to be developed next year ready for the first drop to the refinery in 2017
by chris shiherlis on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
23/5/2015
01:08
ropot 22 May'15 - 15:22 - 33501 of 33506 2 0 Yep, we acquire a decent-sized asset worth £billions from someone. That someone acquires shares in SRSP. Then we accept a T/O, and anyone with SRSP shares walks away a winner.
by chris shiherlis on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
22/5/2015
21:14
"identified on the basis of indirect evidence but which have not yet been drilled" so they will have alot of drilling to complete - tests - appraisal drilling before they can prove up 1 Bill boe this sounds intersting but we don't know if thery have reached a good agreement yet with additional unitisation interests;' "In essence, unitisation is the joint development of a hydrocarbon reservoir which extends across two or more licence or contract areas (if the field is governed by a production sharing contract regime) in order to ensure the efficient production of the reservoir and to maximise the economic recovery of petroleum from such licences of the contract areas. The net effect of this is that each licence group agrees that the licence or contract areas are aggregated as a “unit”, with each owner receiving a percentage interest in the unit (“unit interest”). hxxp://www.andrewskurth.com/pressroom-publications-1133.html
by euclid5 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
22/5/2015
21:07
I'll agree that 'prospective' is not the same as 'discovered', but the 'third party' and the CEO have signed it off accordingly....and it would seem that a lot of other parties have now locked onto this number. ps..However, you are correct in saying they have not 'discovered' 1bn boe.....for the rns states...'in EXCESS of 1bn..' 'Pre-farm-in agreement entered into relating to an economic interest in a Nigerian Oil Block with prospective resources, estimated by a third party to be in excess of 1 billion barrels with additional unitisation interests;'
by htrocka2 on SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL
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