Sirius Petroleum Share Discussion Threads

[1alfi] 08/12/2016 12:56

So who are you quoting then DrRosso. Bit of a pointless post if you don't identify who you are quoting.

[6cer] 08/12/2016 12:54

When they get first oil and thus income why do they need to issue shares to raise money?

[dr rosso] 08/12/2016 12:46

I quote... "no dilution before first oil".

[aventador] 08/12/2016 12:44

They never said they where going to issue the 1.7b end of.

[1alfi] 08/12/2016 12:43

Aventador- time will tell regarding the 1.7billion shares -you can bury your head in the sand if you like but I have already accepted that we are heading for 4 billion shares in issue.

[dr rosso] 08/12/2016 12:36

Which BoD member categorically stated at agm that there would be no further issue of shares until first oil flowed from Ororo?

[aventador] 08/12/2016 12:16

Maybe invest on basis of facts.

[pipelinepete] 08/12/2016 12:05

I'm really glad I spent my Xmas money on shares at .65

[swiz73] 08/12/2016 12:01

Screwed over again by the looks of it then. As long as Bobo has a good xmas tho eh! But then he does every year!

[solarno lopez] 08/12/2016 11:55

Of that I have no doubt Pipe

[pipelinepete] 08/12/2016 11:45

Looks like we're rolled over with another placing at a 30% discount again. Merry Christmas

[bumhammer] 08/12/2016 11:40

Drop it back to 0.25 I'll buy a shed load more thanks.

[1alfi] 08/12/2016 11:34

Priced to accommodate some of those 1.7b shares coming into the market ?

[dr rosso] 08/12/2016 10:54

Page 7.

Interesting to note how the Ororo field present valuations increase dramatically dependent on prices. POO $50, Gas 3.50 gives low case hc volume val as $8m, mid case $49m.

At POO $75, Gas 5.25, vals shoot far higher than 50%. Up to $53m and $106m.

[dr rosso] 08/12/2016 10:27

Updates from LEK show their marginal fdp to be on target towards 20k bopd. BoD helps itself to share options, exercisable at 21p, hardly a "long-term incentive" when present share price is 24p. They know the big prize lies elsewhere ie Ogo Field on Block 310.

Same applies to Sirius. New BoD will be allocated options from the recently allotted batch of 835m. Prob at the 2p rerate. Current daily share price movements can be ignored, Cantor as mm-br-nomad can pretty much do as they please with the price. The ongoing mystery with SRSP is why it takes an inordinate amount of time to get a smallish marginal field flowing oil. Over 3 years now since they got their mitts on it in Sept 2013.

[1sonic] 07/12/2016 21:05

Which one of three are you tonight bum sniffer? You Saddo!

[chris shiherlis] 07/12/2016 21:03

Bacck to prison you sickening fiend

[bumhammer] 07/12/2016 20:40

Hello.. Said it's good to be back..

[chris shiherlis] 07/12/2016 20:26

Will the real bumrapper please reveal yourself. Out pops Paul Gadd...