Sirius Petroleum Share Discussion Threads

[topgun1000] 04/2/2016 09:47

4ceer - 04 Feb 2016 - 09:24 - 44245 of 44247 - (filtered)

[solarno lopez] 04/2/2016 09:31

Spot on Doc all capex and infrastructure costs are completed.....result, cheap extraction costs for the buyer .....the economics of a low oil price are coming into play

[tim duggan] 04/2/2016 09:23

Thundercat.just a bit of healthy research ,I thought you would of welcomed that .

[dr rosso] 04/2/2016 09:16

Mart, writhing in death throes for a year, rtos into San Leon. Umusadedge 16 well field was producing 16k bopd. 6.4k bopd to Mart was nowhere near enough to service its whopping $200m debt mountain. Facing default in March, Mart was ripe for being picked off. Rejected deals with Midwestern, then Delta, and finally succumbed to San Leon in a $180m offer. The transaction value of nearly $400m shows that O&G deals are far from dead. Indeed Cos facing closure due to low poo mean that M&A activity is ongoing. All capex infrastructure costs completed.

[thundercat1] 04/2/2016 09:14

Glad one of the duggans has gone it appears!

[tim duggan] 04/2/2016 09:11

Htrocka ...so your conclusion is we don't know?

[htrocka2] 04/2/2016 08:51

Let's wait for ratification...






'In a 26-paragraph affidavit deposed to by the Executive Vice-Chairman of the company,(Owena oil and gas) Mr. Samuel Kolajo, he explained that Owena Oil and Gas Limited. was originally, fully owned by the state government.'

[drrichard] 04/2/2016 07:45

Indeed, it does, ht. Bargains out there if you the cash or a deep pocketed partner. And we have contacts and partners with deep pockets.

[solarno lopez] 04/2/2016 07:44

Take a look at the San Leon deal it gives hope

[htrocka2] 04/2/2016 07:42

'Can anyone confirm or clarify if Owena Oil and Gas are still the vehicle that represents Ondo state's interest in its oil and gas assets. Tia'

In my opinion, confirmation of percentages by the DPR in the application for ratification will also confirm Owena's status within the group.

(Without throwing a spanner into the works..Mimiko drew up the percentages that allowed Ondo State to retain 30%....I doubt we've heard the end of this. I'm sure the ratification will go through, it's just a case of confirming who owns Owena))

[solution0] 04/2/2016 07:20

Hi 1 sonic, mustn't speak to soon but I think you might have cured the virus we had here ?

[1alfi] 04/2/2016 07:14

Can anyone confirm or clarify if Owena Oil and Gas are still the vehicle that represents Ondo state's interest in its oil and gas assets. Tia

[tim duggan] 04/2/2016 06:56

Sherlock.there is only one sure fire way as I see it .people have to read the rns,s and look at what ondo state probably wants to achieve and what role Sirius are to play and then draw your own conclusions.

[sherl0ck] 03/2/2016 23:20

How would you see Ororo ratification securing 241?

[htrocka2] 03/2/2016 22:33

'In your mind what are the most viable methods available to Sirius?'

If they prove ownership by 'ratification'...every thing else will drop into place.

[sherl0ck] 03/2/2016 21:58

TD - securing the asset pipeline, particularly the block, does indeed seem to be critical at this time. In your mind what are the most viable methods available to Sirius?

[tim duggan] 03/2/2016 21:17

Ht .i think you are spot on with schlumberger .
Who else would know better what ondo state have in their pipeline.
In the failed bid round the data room imfo was supplied by non other than schlumberger.
They would know the whole geology of offshore Nigeria better then anyone else.

JUST NEED TO SECURE THE PIPELINE NOW,!!!!!

[htrocka2] 03/2/2016 20:36

apologies for interrupting the banter (hope I'm not intruding)..but I thought I might post something closer to home.

who was it that said there was a funding problem...Schlumberger don't know what to do with the money... (ref Motley Fool)



'For 2015, Schlumberger made $5 billion in free cash flow, or double the company's annual dividend payout of $2.5 billion. Management has used some of the remaining free cash flow to buy back shares at low prices. The company recently announced a buyback authorization of $10 billion that would reduce the float by 12.5% at current prices.'

[1sonic] 03/2/2016 20:21

In case anyone missed this.... Jim Duggan is Jamie Duggan who works for Cantor as a broker!!! YOU CAN FIND HIM ON LInkedin

James Duggan hxxps://uk.linkedin.com/in/jamie-duggan-396a5882

[solution0] 03/2/2016 19:41

Hi Jim D, thanks for your reply at 07:50 this morning, sorry but ive been at work all day,
Belsize Park ,(phew that's nice) but more amazing I'm just minutes away in Hamstead Heath , perhaps we
Could have a coffee soon ? There's a costa or Starbucks Haverstock hill ( that's next to you & me )
But Jim you once told me that you travel DOWN the M1 every day to your work ???? & your age seems
To differ several times, loads of other items just don't seem to add up, but I'm sure a coffee would sort this out.