Sirius Petroleum Share Discussion Threads

[thundercat1] 25/11/2015 10:13

Best link is the Groundhog Day one by far ;)This company is like the film Groundhog Day repeats itself year after year trying to find the perfect outcome or scenario yet each year fails miserably in some respect.All these links to subsidiary companies etc are just a head f..k.They are either gonna get the funding as confirmed and drill next year or surprise us with a take over or a booby prize or should I say BoBo prize they get struck off for complete incompetence.

[jimduggan] 25/11/2015 09:34

Can they guarantee this though?

They aren't the kind of people to be messed around

So let's hope Srsp provide the cash to get the deal done

[jimduggan] 25/11/2015 09:28

Oil slated for 1st quarter 16

Guarantee say this so it must be true

[jimduggan] 25/11/2015 09:27

Lol a tedious link of the highest form

[chris shiherlis] 25/11/2015 09:24

Would be nice if some of these links were relevant but they are not and just confuses things even further.

I don't think even the company know what's going on, pretty much impossible for us to have a clue either.

[jimduggan] 25/11/2015 09:23

To surmise an outcome is fine on a forum like this.

This is what it's all about. Everyone putting their views out there

My view is that good news is coming soon and my 1.5 million shares will be worth £1 each next year lol

[dr rosso] 25/11/2015 09:20

25 Nov 2015 Compulsory strike-off action has been discontinued
This document is being processed and will be available in 5 days.


24 Nov 2015 Statement of capital following an allotment of shares on 24 June 2015 GBP 3,269,063.3900
This document is being processed and will be available in 5 days.

[1alfi] 25/11/2015 08:52

Chris Shiherlis- has anyone ever been right about anything regarding sirius, yourself included.

Maybe there is merit in what htrocka is suggesting about a stand alone bond - at least give the man a chance to justify his statement.

[chris shiherlis] 25/11/2015 08:20

Hot Rocka isn't ever right about anything, a lot of hot air coming out of this guys behind.

No more of those crummy links please either they are extremely boring and not at all relevant.

[1alfi] 25/11/2015 08:19

htrocka - 'stand alone bond route' fact or speculation? On what basis are you suggesting sirius will take this route.

[htrocka2] 25/11/2015 07:58

I'm astounded at the time and effort put into setting up these 'clandestine' companies.. One can only hope that an 'end game' was the inspiration behind them from the out set. I've become even more convinced that the uncovering of these companies have hindered prospective backers in the past....hence the current stand alone bond route. If they go down the ICAP route, at least its reassuring to know that both Spencer and Neal, as SRSP shareholders, will utilise the ICAP facility to feather their own nests. Good luck to them.

[epe dokita] 24/11/2015 22:34

Focus on gas. Drill deep.

[1sonic] 24/11/2015 21:47

Yeah its not just about the oil!

[carc] 24/11/2015 21:47

So if Corvus wanted to sell out to raise capital for a new investment, they could sell their stake in the BVI company to someone who knows what the deal is behind the scenes. II? New suitor?They would still make a huge profit if all is indeed rosy with what we're not told.But there'll be no way to see who the buyer is, or if a transaction even took place?Thinking back to the Corvus Capital website 'glitch' where SRSP we're know were to be seen for a couple of days....It could have already happened.

[htrocka2] 24/11/2015 21:36

With respect, but our resident poster jim who keeps screaming for oil may be barking up the wrong tree..Buhari has lost interest in oil....and wants gas. Hence another reason for the appraisal well


'two further zones tested gas, and eight zones remain untested. Chevron acquired both 2D and 3D seismic over the Ororo Field;'











'The Ororo Field was discovered in 1986 with the drilling of the Ororo-1 well by Chevron, which penetrated 197 ft of hydrocarbons in twelve sandstone reservoirs at points close to the crest of each reservoir structure. These consist of 72ft true vertical thickness ("TVT") of net gas pay and 125ft TVT of net oil pay. The Ororo-1 well tested at c. 2,200 barrels of oil per day ("bopd") from a single zone, and ca 600 bopd from another; two further zones tested gas, and eight zones remain untested. Chevron acquired both 2D and 3D seismic over the Ororo Field;'

[1sonic] 24/11/2015 21:31

you seem as lost as the rest of us Dr Rosso... the clock is ticking... I believe 1st of December all will come together!

[dr rosso] 24/11/2015 21:22

Well, dunno about selling pressure because someone was mighty keen to take $1.6m worth of 0.4p shares recently. Can't imagine they're offloading at 0.3p.

No doubt the tunbridge wells set was in on it for 140m of the 275m that went out.

More important perhaps is what the money has been used for. $25k was the application fee for the permit. Leaves $1.35m unaccounted for .....

[1sonic] 24/11/2015 21:15

Ok Ruedolf many thanks. reading these bloody posts, go from one thing to another and hard to keep an eye on whats really going on...

[minichris] 24/11/2015 21:06

1sonic It means nothing without any proof of who now owns those shares. Should they be in an "wealthy company looking for assets" hands then yes they could be used to help RTO. But the chances of that are slim.They could be in the hands of PI's or where ever lost shares go when they are sold...

[jimduggan] 24/11/2015 21:02

They are supposed to get oil for guarantee petroleum. Not get taken over.

If they can't even serve their purpose then who the hell would take them over!!!!!

Let's get real

[1sonic] 24/11/2015 20:30

So Dr Rosso what does all this mean? RTO? If so how does all this work?

[dr rosso] 24/11/2015 19:12

10.1 an agreement dated 23 July 2008 between the Company, Taglient Oil Nigeria Limited(Taglient) and Taglient’s shareholders pursuant to which Taglient agreed, among other things, to use all its reasonable efforts to seek out opportunities for the Company to acquire interests in oil and gas fields in Nigeria. Taglient agreed to provide its services exclusively to the Company. Taglient was paid a fee of £114,250 upon the agreement ceasing to be conditional and a further £153,250 is due upon and subject to the
Company completing an oil and gas transaction which constitutes a Reverse Takeover under the AIM Rules. The agreement permits the fee to be capitalised and settled in Ordinary Shares at 0.25p per share (which at the date the agreement was entered into represented a premium of 298 per cent. to the then net assets of the Company). This will result in a further 61,300,000 new Ordinary Shares being issued to Taglient;
10.2 an agreement dated 23 July 2008 between the Company and Sirius Oil & Gas Limited (SOGL). SOGL is a British Virgin Islands private company in which Corvus Capital Limited has an 18.2 per cent. shareholding and in which Mr Kuti (a director of the Company) holds 11.4 per cent. Under this agreement, SOGL agreed, among other things, to use all its reasonable efforts to seek out opportunities for the Company to acquire interests in oil and gas fields in Nigeria, to conduct initial due diligence on potential acquisition
targets and to assist in the raising of funds. SOGL was paid a fee of £145,000 upon the agreement ceasing to be conditional, leaving a balance of £130,000 due. The agreement permits the fee to be capitalised and settled in Ordinary Shares at 0.25p per share (which at the date the agreement was entered into represented a premium of 298 per cent. to the then net assets of the Company). This will result in a further 52,000,000 new Ordinary Shares being due to SOGL on Admission but which it will direct be issued to its beneficial owners