Sirius Petroleum Share Discussion Threads

[keysersosse] 27/7/2015 12:33

Jenny - if there was a fence with a hole in it, you'd think you were in there.......

[jenny tulwought] 27/7/2015 12:12

Looks like I'm in here.

[flyster] 27/7/2015 11:40

Do love a bit of brass eye

[david jatt] 27/7/2015 11:09

Your posts tonight have been described variously as "rabid", "pig-ignorant" and "stultifyingly ill-informed". Thanks... for those.

you're a slot badger, you're a two pin DIN plug, you're a bush dodger, you're a small bean regarder, you're a unabummer, you're a nut administrator, you're a bent ref, you're the crazy world of Arthur Brown, you're a fence foal, you're a free willy, you're a chimney bottler, you're a bunty man, you're a shrub rocketeer...

[jenny tulwought] 27/7/2015 10:51

This guy should be on the stage!
RNS link's on this page,
Look above - Oh DJ 'Sage',
Baffoon out. (with some outrage).

[dr rosso] 27/7/2015 09:29

Niger delta extraction costs are $15pb

[topgun1000] 27/7/2015 08:55

On the news this morning about the terrible oil prices and how the o and g guys have shelved billions of dollars worth of projects and funding probably why we never got any funding.

[htrocka2] 27/7/2015 08:53

Another possible reason why the Owena debacle has taken such a long time to resolve thereby creating the necessity to shove ORORO into a subsidiary.

[david jatt] 27/7/2015 08:23

I meant where would I find the latest rns you buffoon.

[jenny tulwought] 27/7/2015 07:43

Where would I find the company's web site?


They're not all locked up yet ~ clearly.

[htrocka2] 27/7/2015 00:14

They need to pull a deal out of the bag this time round. If it's not done and dusted by Christmas, we'll have higher interest rates by then, a strengthening dollar and those holding the dollars will be looking for a larger slice of the pie for their money.

[fazertracy] 27/7/2015 00:05

I'll play along till get fed up ..........try the company's website.

[david jatt] 27/7/2015 00:00

Where would I find that please?

[fazertracy] 26/7/2015 23:38

David, The most recent RNS would be a good starting point to look.

[htrocka2] 26/7/2015 23:31

Related topic

[david jatt] 26/7/2015 22:58

Does anyone know where the agm is this year guys?

[htrocka2] 26/7/2015 16:43

I thought I'd post this from the HAVOC website..( for some positives)


Strategy

Havoc’s investment strategy is to seek early stage exploration opportunities where investment in geoscience data and/or technology can create disproportionate increases in value. The preferred approach is to back strong management teams via investments at the corporate level in private or public companies however where appropriate Havoc may also invest directly as a working interest participant in projects. The degree to which Havoc is active within either an asset or corporate investment will depend on the scale of the investment and the circumstances however Havoc has a wealth of expertise and contacts that it can draw upon to provide technical and commercial support on an as required basis. The form of Havoc’s investment may be in the form of cash or services or a combination of both. This flexible approach enable’s Havoc to capture a wider range of opportunity than a traditional passive investment fund and allows the partnership to make best use of its skill set to create value. The Havoc partners are all geoscientists and the Company is equipped with the latest geological and geophysical software to enable the team to undertake technical and commercial evaluations and to develop and evaluate projects in-house. The partners deploy a disciplined approach to project selection which combines technical and commercial rigour with an ability, when required, to transact at the speed of thought which can create an advantage in securing attractive projects in a competitive environment. Part of Havoc’s methodology considers the liquidity of an asset, or more specifically the ability to improve the liquidity of an asset through investment in geoscience data and/or technology. The partners have demonstrated an ability to work together to build and develop asset portfolios creating value through the application of a combination of geoscience, commercial transactions, public markets and the drill bit. Havoc’s flexible investment strategy provides more optionality and flexibility to realise value from investments than a traditional E&P model. Positions may be sold, farmed down or used to create spin-off companies.

Targeting Growth Assets

It is generally understood that early stage exploration can provide enhanced rates of return for investors. It is equally understood that the risk profile associated with early stage exploration investment is significantly higher meaning that astute investment selection is critical. When there is momentum behind the market a broad portfolio approach can generate acceptable rates of return however in the absence of overall sector momentum a broad portfolio strategy will almost certainly underperform. This is where the skill set of the Havoc partners can be deployed to greatest effect in seeking to actively select those projects with higher chances of success. When capital markets are stressed, as they are now, entry price valuations can be particularly attractive due to a scarcity of risk capital. The current capital market environment is certainly challenging but this in itself should be regarded as creating a time of great opportunity to invest in good quality growth assets at reasonable prices. Notwithstanding general commodity price weakness oil and gas prices remain relatively strong and, in our view, the medium term outlook remains stable.

Access to Opportunity

Havoc’s ability to source investment opportunities comes from the experience and network of the five founding partners who have a track record of successfully building early stage natural resource companies. The partners have established a network of relationships across oil and gas companies, investment banks, governments and commerce which augment deal flow. Havoc has long-established working relationships with Merlin Partners LLP and Strand Partners LLP, both of which are FSA regulated, which gives access to corporate advisory and transaction execution capability.

[gavinbell] 26/7/2015 14:24

I doubt they will be news prior to AGM. news after agm yes.

anyway, i am waiting for this share price moving up soon and sell. better make money elsewhere.

RMP about to move as farm in just confirmed last week and drilling next week


come on srsp, i need my money @

[drrichard] 26/7/2015 14:06

Afternoon Sherlock
You will recall a rather enigmatic post by Antenna referring to the resolution of a court case, which although not directly affecting STSP was indeed germane. We also, suspected it related to Ororo in some way but no one could find details. No doubt it did relate to Owena.
Certainly the tone of the last few RNS has been more upbeat
We can but hope that our long wait is about to be rewarded

[htrocka2] 26/7/2015 13:53

I'm still invested heavily here but doesn't mean I'll bury my head in the sand. The 'Called up Share' issue has still to be resolved.. In the March rns, they issued shares at 2.5p, fully paid...but then used the cash to pay off loans (which no doubt had shares attached to them)...that's a bit like paying one credit card from another.. yet claimed the shares as 'fully paid'. That's taking 'Creative Accountancy' to beyond the next level, a paper exercise so as to prevent the shares being classified as 'Called Up'. How can paying off services and debt been construed as an 'asset'?. Rant over...All said and done, let's see what the AGM produces. Too many people involved with srsp to let go now.

[dr rosso] 26/7/2015 11:21

Much to pi frustration, Sirius was in no hurry to see a resolution of the Owena situation. Ororo oil production is not the prime mover. Content to let illustrious partners work behind the scenes on the major block asset options, developing infrastructure and proving up the reserves. Ever-increasing value of the bundle. Also content for insider family trusts to fill boots with cheap shares. The only issue has been the timing, not helped by numerous false dawns.

[sherl0ck] 26/7/2015 10:49

I doubt that 3 years ago Sirius expected to still be here, apparently on the cusp of doing what was fully anticipated then. Frustrating and patience-sapping? Certainly, but despite some of the guff I see written here, it really does seem that this time is different - and the major reason for this surrounds Owena, our partner in unlocking highly valuable Nigerian O&G assets.

There has been a well publicised internal wrangle between Owena Oil & Gas and Owena Energy, which I believe has been a primary reason for the long delays. Put simply, until Owena could get their own house in order, I don't see how we could have farmed in to an Owena-related block (and quite possibly even progressed Ororo for the same reason). In fact I don't see how anyone could have made any progress, which probably helps explain why the assets we highlighted in 2012 are still potentially available to us 3 years later and haven't just been offloaded to someone else.

But it seems as though there has finally been a resolution this year to this long running dispute. Nothing has appeared in the press so whether this was an out of court settlement or if there was an agreed embargo on reporting, I know not, but as part of my research I've located and talked to a source who has no direct interest in Sirius, yet has confirmed a breakthrough. Importantly this seems to tie in with the most recent progress highlighted by the Board - namely the Havoc definitive agreement, mention of the block again after a long absence, talk of a JV and overdue cash payments being taken as shares, including former Director's preference for 2p shares equivalent rather than money.

I wonder how tempting it must have been for Sirius during this long period to simply spill the beans in an RNS, flag how it's not just them faffing around but that they're awaiting the resolution of an issue entirely out of their hands. But it seems these matters had to be handled privately and so Sirius has taken a lot of flack. I suspect that loyalty to their key partner and patience will now be justly rewarded, as will the long standing shareholders.

[cammy3] 26/7/2015 10:27

I can only see positives ahead. If it was curtains then no point having any AGMThis could be the start of a huge turnaround in the shareprice