Sirius Petroleum Share Discussion Threads

[dr rosso] 29/3/2017 11:36

A brand new major subsea pipeline in construction that, by an amazing sheer coincidence, cuts right through Ondo blocks OML95 (Ororo) and OPL241 as it heads NW up to Lagos.

[htrocka2] 29/3/2017 11:32

Yet another strange subsidiary has turned up, a Nigerian Incorporated Subsidiary, this is probably where all the cheap shares have ended up. 'Sirius Exploration Nigeria Limited', it sounds a bit like 'Area 51'...it's not even on the map. Talk about clandestine, even the shareholders haven't heard of it.

from 30/09/'13

'Sirius Exploration Nigeria Limited, a wholly owned subsidiary company, has entered into an agreement with Guarantee Petroleum Company Limited and Owena Oil and Gas Limited which gives it the right to acquire a 40% interest in the Ororo Oil Field'


Overview
-- The company's initial focus is the re-entry of the Ororo-1 well, originally drilled and flow tested by Chevron, located on the Ororo field in OML 95. Management expects the field to be producing with an initial production rate of approximately 2,000 bopd which is expected to ramp up to 3,000+ bopd as the asset is developed.

[pipelinepete] 29/3/2017 11:21

Maybe add energy is good at reading between the lines

[drrichard] 29/3/2017 11:11

Mr John Dangote, Bron!

[htrocka2] 29/3/2017 11:10

'Why show any interest in a £20m minnow farting around on a marginal?'



' Company will work with its partners, to put both the Ororo Field and the Oil Block into production, as soon as is practicable.'








It seems that they've kept the real prize very quiet....Ororo, although very welcome, is a distraction.

[dr rosso] 29/3/2017 11:09

Sirius recruiting experts for Nigeria to follow a W.Oz-style business arrangement based around gas as a primary fuel. What's the betting that Sirius-Taglient will be used as a distribution agent within a vertically integrated chain, including offtake.

[bronislav] 29/3/2017 11:07

The more Sirius carry on with the pretence to the market the more significant it seems to me.The scale of all these large experts cosl etc are the only clue one needs .Who is building the large 48inch diameter subsea pipeline and which country has won the contract .eureks!!!

[dr rosso] 29/3/2017 10:48

26 apr 2016 - Shell has awarded consultants Add Energy a three-year global maintenance integrity and asset performance management contract.


08 ago 2016 - Oil and gas upstream consultancy Add Energy has secured a new three-year global contract with BP worth around £15 million. Add Energy


07 dic 2016 - Add Energy's Well Management division has secured a 3 year project with Woodside covering Drilling Project Management Services for ...

subseaworldnews.com/2017
20 min ago - Add Energy's Well Control & Blowout Support group has secured a framework agreement with Statoil for well planning, blowout and kill ...


Contracts with IOC majors, Shell, BP, Woodside, Statoil. Billion dollar Companies. Why show any interest in a £20m minnow farting around on a marginal?

[aventador] 29/3/2017 10:39

I'm sure it's gonna be worth a hell of a lot more than 2-3p yes as for when and how much that's the million dollar question.
Gla.

[dr rosso] 29/3/2017 10:28

So Sirius contracted a well completions engineer back in January (without informing us, naturally.) Has he been sitting on his thumbs for the last 3 months? Equally interesting that Schlumberger are well completion specialists, yet this Arguello guy has come across not from S but from ADD Energy. What does ADD offer that Schlumberger doesn't? Perhaps it's that ADD are renowned gas safety experts, and they are sending in someone who has experience of handling high pressure (13k psi) zones which the COSL rig will enter at around 11000 feet.
Gustavo also has the same Perth base as Havoc gas specialists, Stein & Taylor.

[1sonic] 29/3/2017 10:27

you don't get all these big guns for 2.3 pence!

[1sonic] 29/3/2017 10:25

If you base Ororo on 2.3p and Ororo is the smallest add in another 3-4 assets i'm hoping for at least 10p-15P based on Ororo being the smallest! You also got deeper sands! Christmas tree!

[aventador] 29/3/2017 10:22

What do you think the value will be after the ad doc then sonic and what assets will we have?

[aventador] 29/3/2017 10:20

Let's hope so mate.

[1sonic] 29/3/2017 10:18

Aventdor - I think you are missing something here... when the add doc goes in it will have all assets in there and the company will be valued on that - take a look at sound energy! Even Chris Neal said this at the AGM. remember his great big grin! he wasn't talking 2-3p

[aventador] 29/3/2017 10:12

It won't be sat on for another year no, which is good but it's gonna take a bit longer still to see cash flow I would say a lot later this year at the earliest then to factor other assets in that's way off, if what they where saying at he agm was right.

[pipelinepete] 29/3/2017 10:12

Who have we ordered these items for is the real question

[1sonic] 29/3/2017 10:07

You have to ask yourself this question.... Have srsp ever ordered Rigs and long lead items before? Have they??? So why get everyone lined up to sit on it for another year! H1

[aventador] 29/3/2017 10:04

We shall see.

[1sonic] 29/3/2017 09:51

2-3p on Ororo alone in H2 then add in other assets. Boom! If you think the big guns are going to just drill oil and gas from Ororo in H2 you are mad! this will explode with News! BOOOOOOM!

[pipelinepete] 29/3/2017 09:50

QuidforcashbyJune

[rugbybloke] 29/3/2017 09:45

Depends what you define as decent shareholder value. 2-3p should easily be achieveable H2 this year, and that represents nearly a x10 return on the shares I bought at 0.28

[1sonic] 29/3/2017 09:39

Carbradshaw shut up!

[carrbradshaw] 29/3/2017 09:35

Yes - you are exactly right Avent - this is going to be a long process no matter how hard people try to ramp it up here - I think we're talking another year at least for a decent bit of shareholder value - this isn't going to be quick!!

[drrichard] 29/3/2017 09:31

1Sonic, nice one. Another box ticked. And, presumably, this guy needs paying. No delayed invoicing here. Slowly, slowly, catchee monkey my friends.