Sirius Petroleum Share Discussion Threads

[htrocka2] 27/3/2017 12:23

With respect to 'indigenous Involvement'...it seems that an earlier rns,12/02/15, suggests that 'the lead in items' are to be manufactured locally



'The long-lead items required for the drilling of the Ororo-2 development well have all been identified and are either in-Country or in close proximity in West Africa,...'

Also the 29/06/16 rns states 'Exploration programmes are to be approved by the board' this implies that all parties, COSL, ADD,, Havoc, Schlumberger, will have to agree along with the SRSP board, Polaris' final decision. For the JOA to succeed, a consensus must be agreed by all concerned......(which no doubt will be a formality).

I was surprised when Rockflow's CPR was an 59% improvement on Schlumberger's 'Independent Assessment'......You never know, Polaris, a local entity with local knowledge, may come up with an even greater number. With reference to the URL below, it looks as if Chevron's data has already been discarded and in the bin.

[solarno lopez] 27/3/2017 12:05

the 3.1m late recorded bargain is a BUY just after 8 this morning

Now there is confidence

[bronislav] 27/3/2017 11:47

The whole idea of the delayed payment was to ensure rigs and manpower were not sat idle..haha really!!

[solarno lopez] 27/3/2017 11:15

A bit of profit taking today and only to be expected.

Once these profiteers are out of the way, we move to a fresh level

[parisv] 27/3/2017 11:04

Dr Rosso would the delay of had something to do with the other partner we are waiting to hear about?

[htrocka2] 27/3/2017 10:26

Nigerian participation (where practicable) is a statutory requirement..


Oil and Gas Industry Content Development (NOGICD) Act of 2010, which became law on April 22, 2010, and giving birth to the Nigerian Content Development and Monitoring Board (NCDMB),





The Indigenous Nigerians themselves will be shortlisted for the oncoming Marginal Fields round.

[htrocka2] 27/3/2017 09:23

It gives the locals a bit of work...and probably part of the licence requirement. They look as if they know what they're doing and probably know more than most what lies beneath the Niger Delta,

[pipelinepete] 27/3/2017 09:22

Maybe they will find nemo

[dr rosso] 27/3/2017 09:18

Cable laying operations

[dr rosso] 27/3/2017 09:11

Our first ever definitive timeline, with no ifs. But why wait 5 months to engage a local Co. on a field that Sirius contracted in on 5 years ago, when COSL itself has a sophisticated range of tools to do the job?


COSL has five specialized offshore engineering survey vessels, including four advanced DP II survey vessels, which fitted with specialized geophysical survey equipment, cutting-edge geotechnical investigation facilities, environmental survey equipment, and accredited soil laboratory. With state-of-the-art technology and our expertise, we can provide geotechnical solutions in water depths up to 3,000 meters and an integrated service from project design to data acquisition, processing, interpretation, engineering analysis, and engineering reports.
The main services include:
· Offshore geophysical site survey: bathymetry; topographic; sub-bottom profiling; digital seismic profiling; and magnetic surveying
· Offshore geotechnical investigation: drilling and sampling; gravity coring; in-situ testing (cone penetration testing, vane shear, T-bar, shear wave velocity testing, etc.), laboratory soil testing; geotechnical engineering analysis and assessment (for fixed platform, mobile drilling platform, submarine pipeline, subsea structure, etc.)
· Marine environmental investigation: tidal current and tidal level observation and analysis; water temperature and mud temperature measurement and analysis; investigation and evaluation of corrosion factors in seawater and sediment
· Deepwater Engineering Survey –The survey of Deep towed system, ROV, AUV, Deepwater Seabed CPT、Deepwater Borehole Sampling、JPC, and related assessment.
· Offshore engineering support: vessel support services (IMR projects; ROV operation; and Saturation diving)
· Consulting: engineering survey planning and design; engineering computing; feasibility studies for offshore construction; other offshore/onshore engineering survey technical services

[aventador] 27/3/2017 09:10

We need more news this week funding fourth partner admission doc re admission etc let's not drag it out into April will be pushing it for h1. Could we see another period of daily RNSs like we had last year prior to the agm.

[pipelinepete] 27/3/2017 08:51

Volumes good

[1sonic] 27/3/2017 08:48

BSG - Shut up!

[bsg] 27/3/2017 08:45

Probably of done better without any news today, probably end up red today.

[1alfi] 27/3/2017 08:40

Could they have been laying pipelines in preperation for a big connect up when the Ororo drill is complete ?

[aventador] 27/3/2017 08:37

Up and down like a hookers drawers let's see this break a penny this week.

[aventador] 27/3/2017 08:07

Yet they mark it down!!

[1alfi] 27/3/2017 08:05

The cosl contract was signed over 4 months ago. Would have thought they would have made this requirement known then, so why has it taken so long to announce and what work has been done in between time.

[pipelinepete] 27/3/2017 08:03

Treasure chests bron, looking good now

[bronislav] 27/3/2017 07:59

Polaris just checking for a few old prams and shopping trolleys.

[solarno lopez] 27/3/2017 07:55

solarno lopez
24 Mar '17 - 15:27 - 62438 of 62517 1 1 Edit

Anyone get the feeling that this may not be a bums rush !!

.......................................

Like I said on Friday this may not be a bums rush ...AND IT ISN'T...nice and very positive announcement bodes well for the future

[handygandhi] 27/3/2017 07:42

Keeping indigenous interest.


" Polaris Consulting Company Ltd. is an indigenous based company with focus on optimizing local Nigerian content to create value and jobs in Nigeria and with a credible track record for excellent provision of Earth solutions and support services in the Nigerian and West African oil and gas industry. "

[aventador] 27/3/2017 07:26

Good piece of informative news finally regarding our progress towards drilling definitely seems it's going to happen now in which case only a few more months and we will be producing and worth a reasonable value again and hopefully a steady and profitable company which will be expanding near to mid term for even bigger gains.No sign of a sell off imo any time soon.

[elliotset] 27/3/2017 07:15

Excellent news drilling now not far away , The dream is becoming a reality