Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Petroleum LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.125p 1.10p 1.15p - - - 0 06:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.2 -0.1 - 28.44

Sirius Petroleum Share Discussion Threads

Showing 77126 to 77150 of 77150 messages
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DateSubjectAuthorDiscuss
24/9/2017
21:45
What goes around comes around my friends, my post from 27994. Nov 2014. Does not mean it is any less relevant, of course. Indeed, DrRosso http://ng.linkedin.com/pub/tonye-wokoma/a/97b/888 Sirius Petroleum - Ororo Field Development Plan Principal Process & Facilities Engineer; Oct. 2012 to February 2012 Process & Facilities support to team looking at the optimum field development option for the Ororo development. To optimise a multi-field development based around an Ororo hub (wellhead platform) linking to Chevron Parabe facilities in the South West Niger Delta sector of Nigeria. .
drrichard
24/9/2017
20:39
Nice one Cornish.. 'Sirius Petroleum - Ororo Field Development Plan Principal Process & Facilities Engineer; Oct. 2012 to February 2012 Process & Facilities support to team looking at the optimum field development option for the Ororo development. To optimise a multi-field development based around an Ororo hub (wellhead platform) linking to Chevron Parabe facilities in the South West Niger Delta sector of Nigeria. .' (note, it says 'multi field' as opposed to 'multi well') 'The demise of afren ,by accident or design?'' They did try and save it....but as the price of oil kept dropping... a couple of fields got hived off to backers already in the business.
htrocka2
24/9/2017
18:39
Well spotted, Cornish
handygandhi
24/9/2017
18:22
The LinkedIn page of one Tony Wokoma does mention a multi field around Ororo hub (Wellhead Platform) development plan to link up the South West fields with Parabe facilities
cornishtrader1000
24/9/2017
10:28
The demise of afren ,by accident or design?
bronislav
23/9/2017
20:32
The low poo has saved us all from losing everything! The delay will repay us all. Golden tickets and a wise BOD. We should be grateful it's taken this long....
1sonic
23/9/2017
20:24
The simple fact hotrocka is that afren wouldn't have been able to grow and get themselves in debt with the current low oil prices.
xerot
23/9/2017
18:23
Thanks, Ht , a thoughtful insight, indeed.
drrichard
23/9/2017
17:17
Wildly speculative htrocka but if true maybe they have to sort the nnpc changes first as they are part owners of the chevron wells/fields.
bronislav
23/9/2017
16:37
'Afren had that valuation in times of high oil prices we are not in those times any more so it's not a fair comparison unfortunately' (an ex AFR shareholder) NO........Afren expanded too fast, had high debt levels and multi million $ covenants out at $100 a barrel, it doesn't matter what the oil price was if you lose control of the spending, as they did, you're asking for trouble. If the banks had held off for a further six months, they would have pulled through, as further wells were programmed to come on line....but the carpet bagging asset strippers...pulled the plug.(they nearly ended up as a SEPLAT subsidiary) 45k bopd (315,000 barrels per week) and they couldn't service their debts.
htrocka2
23/9/2017
13:29
drr 'DrR can you point me to the Chevron deal? I have just quick-checked the 2014 RNSs and can find no mention?' 01/05/2015(extract) 'Consequently the Directors of Sirius, in conjunction with Nima International Limited ("Nima"), an affiliate company of Levant Energy Limited, have agreed to consider alternative funding structures for the Ororo Field. These include Nima providing funding to Sirius Ororo ("OML 95") Limited, a wholly owned subsidiary of Sirius ("Sirius Ororo Ltd.") which directly owns OML 95, or obtaining funding at the project level. The Directors are also considering a range of alternative structures including debt structures, which are less dilutive than the proposal previously considered.' It's only ever been mentioned once, but according to the above extract it looks as if a clandestine deal was done with Chevron for SRSP to take over the whole of OML95 that belonged to Chevron...it looks as if pressure was put to bare by the FG...ie, use it or lose..so it appears they've signed the whole field over to SRSP......rather than lose it.(no doubt with eventual royalties in mind). The satellite wells were never put forward for the next Marginal Bid round....implying that they had already been sewn up.
htrocka2
23/9/2017
12:05
Like Bronislav, like!!
carrbradshaw
23/9/2017
10:47
For all the long termers ,remember the board are relatively long termers and havent been paid as yet...They are aligned with us ,their agenda is to get the best possible deal for shareholders as they themselves are shareholders..Expect dilution but the assets reflect the consortiums enormity and will easily balance any dilution.
bronislav
22/9/2017
12:30
Jack at the agm stated any work/cprs that have been done on all assets will be revealed in the admission documents so all this should be put to bed once it is produced and we should all have a better understanding of our investment which hopefully is worth a lot more money once produced!
shez20
22/9/2017
10:08
As with many other what we would regard as highly significant events eg Mr Lyon's appointment, the 2013 GCA cpr, block 241, etc etc, you'll not find the info within any rns.
dr rosso
22/9/2017
09:39
DrR can you point me to the Chevron deal? I have just quick-checked the 2014 RNSs and can find no mention?
drrichard
22/9/2017
09:21
Nnpc and chevron are both involved on oml95 ..does the changes to the nnpc in the PIB have to be implemented before the sirius plan can be completed?.
bronislav
22/9/2017
09:01
The tie-ins which HT refers to are the outlying marginal fields in 95, all drilled previously by the block owner, Chevron with whom an agreement was reached in 2014 in lieu of the DPR bidding round which risked the fields remaining dormant. Simult production by the NewSirius consortium would quickly have these fields flowing 60k boepd into the O2 hub flowstation, from where the oil, gas and condensate will be separated out. Not forgetting Ororo field itself which is likely to contain 100mmboe+ once fully tested.
dr rosso
22/9/2017
08:54
Complete nonsense comparison as the bod also clearly stated they had to basically start from scratch on ororo and that's the only signed deal they have currently and them rnss are 4 years ago and things have changed a lot since then.Still clearly they have things being covered up they couldn't discuss which must be far more significant than just ororo but we are still in the dark and delisted until we hear otherwise.
aventador
22/9/2017
08:06
Afren had that valuation in times of high oil prices we are not in those times any more so it's not a fair comparison unfortunately.
xerot
21/9/2017
20:58
I thought I'd state my two penneth worth tonight.. On 03/05/13 SRSP promised Glencore they could deliver up to 60,000 bopd,(no gas mentioned). Fourteen months later they posted the article below. rns dated 29/09/'14 'Once concluded, and looking further forward, the strategy for Sirius remains to acquire off-shore assets. Specifically, we will target assets which have been drilled but do not tie-in to any onshore infrastructure, do not have significant farm-in fees and where we have the right to operate and to market the crude oil produced. We will endeavour to fund all our assets in the most efficient way for existing shareholders and following completion of existing discussions, I am confident that we will continue to execute this strategy.' The point being....We're talking about 60k bopd plus what ever comes out of the 'confident' project posted above....let's say another 20k bopd...so eventually, down the line, we have circa 80k bopd (without the gas)....Afren was once valued at £1bn and the maximum they produced was 45,000 bopd.
htrocka2
21/9/2017
20:50
15p lol not sure to cry or smile. The doc seems to know what's going on so I'm going with the doc!
1sonic
21/9/2017
20:25
Quid for cash was on at one point. A £1bn offshore mega-operation for copious O&G and 1bn shares in circulation. Delays and cash-call placings scuppered that, but with 3bn fully diluted a 30p target cannot be ruled out within 2 years if the innovative project funding plans work out to bring the big assets into play. But why not avoid all the hassle and sell up at something around 15p? Instant cash buys a lot these days in the O&G sector. Why settle for doubling your money when wise acquisitions will quadruple it within the same timeframe?
dr rosso
21/9/2017
19:50
That's the spirit Jamie 40
1sonic
21/9/2017
19:32
Good luck with the short Granny :)
jamie40
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P:32 V: D:20170924 21:23:36