Sirius Petroleum Share Discussion Threads

[jimduggen] 30/5/2016 20:05

The so called "cronies" that i represent are the hard working investors who are being treated like idiots on a daily basis for no less than 6 years.

[bumhammer] 30/5/2016 19:50

You really are a dim wit and just like your cronies you represent.

[bumhammer] 30/5/2016 19:27

Alan.. You actually spent your precious time on youtube looking up Bumhammer?..
You cant imagine how easy this is for me..Dear o'dear

[jimduggen] 30/5/2016 19:19

well i hope tbey feel guilty for living off of our investments for so long.

I know for a fact that i wouldn't be able to sleep at night.

Most normal company's use the profit from one asset to feed another asset and so on so forth.
No no not this one. They just sit back and come out with more lies.

[ruedolf] 30/5/2016 19:09

" Sherl0ck 29 May'16 - 10:40 - 51286
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."

The problem now ..... going the other extreme is also likely a big blunder as the company has lost its trust and respect with the market.


... they trashed the share price by giving away over a billon shares for peanuts and any further capital raising could have significant dilution effects on the share price.

.... Look totally incompetent and lack credibility to the market ... by all the failed deadlines to get ororo to production .... aborted funding deals ... roughly every 6 months they appear to change their mind and come up with a new plan ie glencore/ warrants ,nima/loans.

.... the market does not like companies that have little regard for its loyal shareholders especially where its seen that the company desired to drive the share price as low as possible.

[jimduggen] 30/5/2016 17:22

Bumhammer you are a sod.
Horrible person.
Hope you rot.

[carados] 30/5/2016 17:09

Hey!! You ay talking to me!!😅

[htrocka2] 30/5/2016 16:48

It would seem that 42, the srsp share price manipulation and the 'coco's' with their 'creative accounting' make the mafia look like child's play.

[jimduggen] 29/5/2016 22:09

Ok bick/bumhammer.

That would explain your poor communication skills.

You fooooking thicko.

[bumhammer] 29/5/2016 18:06

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?

[6cer] 29/5/2016 15:32

Most directors past and present totally out of their depth.

[jimduggen] 29/5/2016 14:39

Poorly run company from the outset.

Poor dealings

Guarantee petroleum didnt like them until recently.

[htrocka2] 29/5/2016 12:00

ref; Sher10ck

,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.

[dr rosso] 29/5/2016 11:22

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.

[jimduggen] 29/5/2016 10:57

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."

[sherl0ck] 29/5/2016 10:40

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.

[5uns] 29/5/2016 10:18

hxxps://www.globalwitness.org/thedeceivers/