Sirius Petroleum PLC Statement re Press Comment (8464H)

TIDMSRSP

RNS Number : 8464H

Sirius Petroleum PLC

12 June 2017

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

12 June 2017

Sirius Petroleum plc

(the "Company" or "Sirius ")

Press Speculation

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and can confirm it is currently in discussions with BP regarding an offtake and pre-payment facility to support the financing of the Company's proposed drilling programme on the Ororo Field in Nigeria. Discussions with BP, and other parties regarding financing, are ongoing and there can be no certainty that Sirius will reach an agreement with BP regarding the proposed offtake and pre-payment. The Company will provide updates to the market as appropriate.

Enquiries:

   Sirius Petroleum                                                         [phone] 

Bobo Kuti / Jack Pryde

   Cantor Fitzgerald Europe                                           [phone] 

Sarah Wharry / Craig Francis

   Gable Communications                                              [phone] 

John Bick [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 12, 2017 10:10 ET (14:10 GMT)