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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sirius Petroleum Plc | LSE:SRSP | London | Ordinary Share | GB00B03VVN93 | ORD 0.25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.40 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.40 | GBX |
Sirius Petroleum (SRSP) Share Charts1 Year Sirius Petroleum Chart |
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1 Month Sirius Petroleum Chart |
Intraday Sirius Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/3/2025 | 18:49 | SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL | 140,265 |
| 07/1/2025 | 09:56 | Serious Petroleum | 242 |
| 16/4/2024 | 08:35 | Sirius petroleum | 8 |
| 09/4/2023 | 14:16 | bumhammer | 1 |
| 01/10/2021 | 07:02 | The brightest star in Africa? | 215 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 27/2/2025 14:14 by undulydiligent I'd go a step further and say the company may still be worthless after Angola completes.Take Afentra as a comparison - great management, good communication, presence at all relevant conferences, completed deals, no share confetti, cash generative etc. And they are largely ignored by the market. They even gained a licence this week and the share price dropped. Then look at Tende - failed deals left, right and centre, poor communication (understatement), missing equipment, inability/unwillingn Why would anyone invest in the company at any share price? A valuation goes beyond the assets, liabilities etc., it's the whole package including trust in the BoD, and anyone who reads this board will see there's no value in the company, not from a retail investor perspective anyway. We can't even be confident that the deals they have signed up to will result in cash generation even when they do complete. And this from the company that's hanging its hat on its "innovative" financing solutions. |
Posted at 25/2/2025 21:17 by helix_22 Here are my notes on the AGM, some of it from the questions, and some from the talk after. Not everything of course because it was quite long, I hope it's helpful. It was good to meet some fellow long suffering shareholders.Nigeria Two workover projects were highlighted for existing wells Simulations indicated that each workover had the potential to add about 500 barrels per day. In one instance, the workover achieved a 1,000-barrel-per-day increase; however, the well was subsequently shut in. After applying nitrogen lifting, the well was brought back into production but only produced water. The likely cause was attributed to poor cementing between the casing and the reservoir – a consequence of the well being over 20 years old, which may have compromised its integrity. The second workover experienced a mechanical failure where tools provided by the service contractor got stuck in the hole, it will require a rig intervention to retrieve them. This incident has led the company to explore discussions with alternative service providers, given the unsatisfactory results. Why no money from Nigeria, what about $15 a barrel and 0.25% management fee? We didn’t become the operator of the base volume until July 2024. The majority of money comes from incremental production. Has there been any revenue in 2024 from nigeria? Some, but not err, the majority will come from incremental production. How much have we sunk in nigeria? About $35m What about the $15 a barrel The opex coming in at $15 a barrel, relates to what we can charge the project but it doesn't relate to your margin, so it depends on the cash costs. What about the misleading numbers? Not misleading, they were accurate at the time, can't give certain info because… What was the average for 2024? 9500 Basically the real money only comes from incremental production. The approach is now going to drill new wells first. First well Q3/Q4 this year. We want our own production facility so we can go straight to the pipeline so we avoid going into the flow station (which has its own problems). Angola Azule tried to preempt us, because they wanted to increase their stake in that block. So we had to increase our bid by $30m. The problem it seems is that one of the conditions for applying for the licence is approval from ALL the licence partners. Turns out Equinor also tried to preempt us, wanting to increase their stake. Basically this meant that Azule and Equinor were causing problems in the process by not giving their approval. On the plus side it was said that this indicates what a high quality asset it is. All the hurdles have been overcome as of Dec, we have approval from the other licence holders. Potential with big investment to double production. How long until its actually done? Not long. Lol. months not years. Before Easter How much left to pay - below $40m Tunisia Sale in progress waiting on government approvals. We will have ‘some exposure’ after sale. Money to pay some of the loans. General What is the company valued at? When are we going to relist? Basically hinted at once angola is done $200m. Relist should take 3-4 months after Angola’s done. Some of the due diligence has been done in preparation for relist in regards to the Nigerian assets. Have we had any offers for the company? No No plans for more shares, loans and debt to finance projects. Questions on remuneration and bonuses. Bonuses now tied to share price increases It was then suggested that shareholders need to see some return for their investment, there needs to be a liquidity event in the next 6 months whether that's relist, a share buy back, company sale, we dont mind but there has to be something. You have until 24 August 2025. If that doesn’t happen the shareholders will get together and look at the options on the table, including calling an egm and potentially look at proposing changes to the leadership, and appoint leaders who can deliver value to the shareholders. Can there be a dividend? There is a lot of debt to repaid, cant give a dividend while there is debt. But once that is repaid its something we can look at. Commitment to quarterly updates. Expect 2024 accounts in June. 2023 accounts had specific problems that 2024 doesnt. My take away Lot more said than what I’ve included . Basic message: big upsides, big costs to develop etc. Lots of questions and push back by the (angry) shareholders. Bobo seemed confident perhaps because Angola is about to be announced very soon? It was hinted that the company is worth around 3p once Angola is done. 6 month deadline and an appetite for shareholder action. There seems to be 3 groups of shareholders being formed, the one here and two others with a few large individual shareholdings. % requirements easily met if needed to take action. Basically get some money from Tunisia sale, lot of hassle from Tunisia. Failures in Nigeria who’s to blame - service provider, 20 year wells, bad strategy, etc new plan drill wells. It's all down to Angola being completed. Am I happy, no I’m unimpressed like everyone else. I hope the Angola deal gets done soon. There is an appetite for shareholder action. |
Posted at 17/2/2025 02:19 by riskybisky The hope is that the share price attributed on brokers' platforms is not just some individual's idea. The hope is that it is what they have been advised the relist price will be.The hope is that this is happening 'cos the relist wheels are in motion. |
Posted at 16/2/2025 22:26 by vatnabrekk Let's face it, it doesn't matter a toss what price any of the brokers or banks put on their web pages, it is totally meaningless until there is some trading going on. We'll only get some meaningful idea of share price when an AD is issued prior to re-listing and trading, if that ever happens.In the meantime any quoted share price is only some individual's idea of what the value might be, based on absolutely no realistic information whatsoever. |
Posted at 16/2/2025 16:20 by riskybisky As bestdeal said the price on JPJ is the indicative price.According to JPJ, the indicative price is set by the company, of course, offerers may set their own price and be matched or not. Also remember when the indicative price went up to 2p. If you really wanna get down and miserable, see -------------------- Dr Rosso - 23 Oct 2023 - 15:43:01 - 130261 of 139558 which included... "="The Board of Tende confirms that it has received an unsolicited, preliminary approach regarding a possible offer for Tende at an indicative price of 14p from a potential offeror referred to in the approach as XXX Capital ("Potential Offeror"). The Board has unequivocally rejected the approach as it believes it significantly undervalues the current potential of the Company. As a consequence of this announcement, an "Offer Period" has commenced in accordance with the rules of the Takeover Code." -------------------- 🤦🤦&# |
Posted at 19/1/2025 12:27 by dr rosso AR page 24Dr Rosso - 01 Jan 2025 - 15:50:12 - 138924 of 139159 SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP A) "If the Price for the Shares does not grow from the Base Value (of 2p) by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable." 20% per annum, so this means 2.4p by 31 Dec 2023, 2.9p by 31 Dec 2024, ..... The share price has to be at 3.5p at 31 Dec 2025, or all 60m options bite the dust. B) "If the Price for the Shares does not grow from the Base Value (of 2.5p) by at least 20% per annum over the three-year period ending 31 December 2026 then the Option shall lapse and cease to be exercisable." 20% per annum, so 3p by 31 Dec 2024, 3.6p by 31 Dec 2025, ......... The share price has to be at 4.3p by 31 Dec 2026, or all 51m options lapse. Exercisable at 0.25p, targets met would mean a D collective gain of Scenario A) 60m x 3.25p at 31 Dec 2025. Almost £2m. Scenario B) 51m x 4.05p at 31 Dec 2026. Another £2m |
Posted at 09/1/2025 15:28 by riskybisky ... and I do the same question for a company with a tiny mcap, oil revenues and 5 Helium projects coming up which I'd say will multibag x 5+ this year easy....similar answewr:: You Sent by you: IS LON:MSMN a good investment? Copilot Sent by Copilot: Mosman Oil and Gas Ltd (LON: MSMN) is a small-cap company involved in the exploration, development, and production of oil and gas properties in Australia and the United States12. Here are some key points to consider: Current Share Price: As of the latest data, the share price is around 0.04 GBP12. Market Capitalization: The company has a market cap of approximately £6.82 million2. Financial Performance: Mosman Oil and Gas has faced challenges, with a net income of -£2.14 million and a negative return on assets and equity1. Projects and Assets: They hold interests in various projects, including the Amadeus Basin in Australia and several assets in the United States2. Investing in small-cap oil and gas companies can be risky due to market volatility, financial instability, and the speculative nature of their projects. It’s crucial to conduct thorough research and consider consulting with a financial advisor to determine if it aligns with your investment goals and risk tolerance. Are you looking for more detailed financial analysis or specific project updates on Mosman Oil and Gas? |
Posted at 01/1/2025 14:50 by dr rosso A) "If the Price for the Shares does not grow from the Base Value (of 2p) by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable."20% per annum, so this means 2.4p by 31 Dec 2023, 2.9p by 31 Dec 2024, ..... The share price has to be at 3.5p at 31 Dec 2025, or all 60m options bite the dust. B) "If the Price for the Shares does not grow from the Base Value (of 2.5p) by at least 20% per annum over the three-year period ending 31 December 2026 then the Option shall lapse and cease to be exercisable." 20% per annum, so 3p by 31 Dec 2024, 3.6p by 31 Dec 2025, ......... The share price has to be at 4.3p by 31 Dec 2026, or all 51m options lapse. Exercisable at 0.25p, targets met would mean a D collective gain of Scenario A) 60m x 3.25p at 31 Dec 2025. Almost £2m. Scenario B) 51m x 4.05p at 31 Dec 2026. Another £2m A £4m incentive to cease operating like a bunch of clueless cretins. Dilution 110m. Dare we assume that these are genuine market prices, not some dodgy JPJ geezer inflating artificial share price figures? Is minimum target of 4.05p by Dec 2026 acceptable, given that we are much closer to 0.05p in the present circumstances? Maybe they've started deluding themselves? |
Posted at 29/12/2024 22:53 by htrocka2 jimjam22...you might have to wait a couple more years for that...(The options are dated from Jan 1 2024...so they had this plan up their sleeves for over a year before we got to know about it.) The conditions attached to the share options..ie, IF..."the share price reaches....blah, blah, blah..'from the Base line...by Dec 25'...Dec 26'. In short, They have a general plan in mind but not certain where this is headed and given us a.... 'guesstimations' that's not certain. The 2023 Options indicates that nothing is certain. If the Price for the Shares does not grow from the Base Value by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable.(Total Number. 60.6m). (No doubt the amount of future shares they'll issue to cover salaries etc..will more than offset the loss of any options) (more 'if and but's) The share options issued on 1 January 2024 are subject to the following exercise conditions: • If the Price for the Shares grows from the Base Value of 2.5p by at least 20% (but by less than 25%) per annum over the three-year period ending 31 December 2026 then one quarter of the Option Shares shall become Vested Option Shares. • If the Price for the Shares grows from the Base Value by at least 25% (but by less than 30%) per annum over the three-year period ending 31 December 2026 then one half of the Option Shares shall become Vested Option Shares....(Total Number 51.6m) It looks as if they're going to pick up a further $3m+ in salaries and benefits...no matter how this turns out. All we can do is ....watch. |
Posted at 15/12/2024 13:23 by only1gibbo Helix, without wishing to appear rude, you are unfortunately demonstrating the old adage that a little knowledge is a dangerous thing.The directors have not received £2m in salaries, nor anywhere close to that. Let me help you by looking at the last two years as examples. 2021: The accounts state that total remuneration was USD 2.0m. Which at an average FX rate of around 1.37 during the year would have equated to GBP 1.5m, not GBP 2.0. Of the USD 2.0m, USD 1.2m (GBP 0.9m) relates to share based payments. As no options were awarded, lapsed or exercised in relation to the directors during 2021, this amount therefore solely relates to the movement in the fair value of those options that were awarded in 2020. That is to say is an accounting valuation adjustment in the accounts as required under IFRS and not a cash payment to the directors during the year. The fair value of those options could increase again in the future or they could fall, depending on circumstances and the assumptions made. I haven't bothered to check dates, but I strongly suspect that the increase was due to the share price increase on JPJ to 2.0p. As the share price increases or falls, so will the fair value of those options. It's the whole point of issuing options, to incentivise them to increase the share price. The actual salaries paid, including benefits in kind were USD 0.8m, or in GBP, 0.6m, considerably less than the GBP 0.9m limit that you seem to be proposing. 2022: The accounts state that total remuneration was USD 1.8m. Which at an average FX rate of around 1.20 during the year would have again equated to GBP 1.5m, not GBP 2.0. Of the USD 1.8m, USD 0.3m (GBP 0.25m) relates to share based payments. Again, as no options were awarded, lapsed or exercised in relation to the directors during 2022, this amount therefore solely relates to the movement in the fair value of those options that were awarded back in 2020. Of the balance of USD 1.5m, USD 0.5m related to bonuses award on the completion of OML 65. Whether you agree or disagree with the size of the bonus, it was put in place to further incentivise the directors to complete the deal, which they did. It could be argued that they are being doubly incentivised through both share options and bonuses, however, the fact is that this was only payable on success. I would expect there is a similar provision in relation to Angola, and if that helps ensure they get it over the line, then I am happy with it. USD 0.25m relates to ex-pat expenses. I think it would be a far challenge to ask why they needed to decamp to Dubai in order to run a business in Tunisia, Nigeria and Angola. Perhaps there is a good business reason, perhaps there isn't, it is a question that is worth asking though. The actual salaries paid though was USD 0.7m, or in GBP, 0.6m again. Once again that is way below your proposed cap of GBP 0.9m. So I am intrigued as to how you would propose this cap to work? Believe me, I get the frustration, I share it too, but I am not sure that a strategy of biting your nose off to spite your face is the way forward. |
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