Sirius Petroleum Share Discussion Threads

[6cer] 29/8/2016 14:24

I would say that its most probable that Guarantee are taking oil from the assets - it would certainly explain the tax bill and the delay we've all been experiencing. Someone explain to me how else they are facing such a huge tax bill - you only get a tax bill if you have been generating sales and profit. Does anyone think that its a result of selling burgers and Coca Cola ?

I seem to remember that there was a lot of secrecy surrounding the Guarantee Petroleum court case a while ago and no details emerged except ownership issues. I would say that its extremely likely that Sirius is/has been screwed by Guarantee and is/was a cuckoo in the nest.

[fazertracy] 29/8/2016 14:20

.com isn't .com.ng is

Odd

[bumhammer] 29/8/2016 13:42

That's SOME logo they have there. Almost as impressive as the image of a broom handle sticking out sea

[herman_m] 29/8/2016 13:29

Guarantee Petroleum site is working fine for me....https://guaranteepetroleum.com.ng/

[minichris] 29/8/2016 13:12

@6cer - barring a stitch up, what other ways could they rack up a huge bill that don't mean oil/gas sales?

[qprallan] 29/8/2016 12:38

Guarantee Petroleum

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[dr rosso] 29/8/2016 12:38

Crude oil swaps. Several indigenous Companies working alongside NNPC to trade crude for imported refined products. Highly lucrative, esp with a Govt subsidy thrown in + opps to inflate the figures. No surprise that Sirius wishes to consolidate its arrangement with Taglient, buy up the remaining 50% to re-enter the midstream part of O&G.

[6cer] 29/8/2016 12:11

No comments re my posting 54320 - are you all brain dead ?

[fazertracy] 29/8/2016 11:18

Guarantee's site isn't working for me.

[6cer] 29/8/2016 10:42

Guarantee Petroleum have been extracting oil for a considerable length of time hence the large tax bill - what else could it be ?

[dr rosso] 29/8/2016 09:50

Seemingly no problem whatsoever in instantly raising £0.5m to pay MPR for a field licence extension.

[dr rosso] 29/8/2016 09:48

Sirius still doesn't even officially recognise the appointment of Lyon, one of the top O&G business dealers in the world.

[1alfi] 29/8/2016 09:46

What makes you think they cannot raise 1.5 mill to pay off directors accruals. Maybe better strategy to raise share price to 2p and pay directors accruals from proceeds of warrants. Has Sirius ever had a problem raising money ?

[1sonic] 29/8/2016 09:45

GP Website is still live.... It's on page 2 on Google.

[dr rosso] 29/8/2016 09:25

GP website is down again. How is it possible that their tax bill is greater than the cost of drilling a couple of wells? If they owe $15m in unpaid tax, their oil swap profits must have been in the region of $100m over a 4 year period. And in that time, the Ororo partners find themselves unable to raise, in effect, $2m ($15m , minus 88% recovery of costs). That we can't raise $1.5m to pay off the D accruals. That the only money raised incurs severe dilution to existing holders.

[1alfi] 29/8/2016 09:24

He who holds the purse strings, casts the shadow of service development.

[1sonic] 28/8/2016 22:37

Bumhammer, Ian Beale - do you mean market traders except not fruit and veg! AIM-ing high! Wash you're mouth out! Lol

[bumhammer] 28/8/2016 20:27

A lot of Ian Beales on here

[1sonic] 28/8/2016 20:23

The doc is right surrounded by bellenders!

[chris shiherlis] 28/8/2016 20:03

Not one thing has come true.

[aventador] 28/8/2016 19:53

Fairy tales lol

[dr rosso] 28/8/2016 18:31

Surrounded by bellenders

[6cer] 28/8/2016 18:24

Dr Rosso - the main scriptwriter for eastenders - can always be relied upon to tell a good story.