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Sirius Petroleum Share Discussion Threads
Showing 71526 to 71546 of 71550 messages
|Detective Captain Sean Signal......I'm still working on the answer...
....for instance, we have no shares in Treasury, yet "SOandG" own shares and is considered as a 'dormant' subsidiary who are in cahoots with Corvus and 'others'...I wonder what this lot are up to?......(I'm still working on it)
As you see from the 29.9% reference, they were ready to 'pounce' from the offset.
from an rns
'In addition to and at the same time as the Placing, the Company will issue an additional 12,000,000 Ordinary Shares at par to Sirius Oil
& Gas Limited ("SO&G") as part settlement of consideration amounting to �275,000 due to SO&G as set out in the Circular. The payment of
this consideration (to be settled through the issue of 110,000,000 new Ordinary Shares) was approved at the EGM held on 19 August 2008 (the
"EGM"). SO&G is considered to be part of a Concert Party with Corvus Capital Inc and others (the "Concert Party") and so the number of
shares issued to SO&G was limited to an amount such that the total number of shares held by the Concert Party remained below 29.9%. As a
result, only 46,000,000 new Ordinary Shares were issued to SO&G immediately after the EGM with 64,000,000 shares to be issued at a later
date. The Placing dilutes the effective holding of the Concert Party allowing 12,000,000 additional shares to be issued to SO&G such that
the effective shareholding of the Concert Party is restored. Accordingly, SO&G's interest in the Company will increase to 58,000,000 shares representing 11.54% of the enlarged share capital.
(I believe that a couple of days ago I posted that Bobo had become a director of this company.....which seems a strange thing to say considering it's supposed to be an SRSP subsidiary))
This company's got more twists and turns than the river Nile....and without news we can do nothing but speculate.|
|My thoughts exactly HT. Looking back through your posts, you're certainly a wise owl. What are your short term expectations?|
detective captain sean signal
|Such as take total control, backed by $0.5bn LTF, install their own top quality personnel, and start to produce o&g. Just a thought.|
|I thought I'd answer this one...(my opinion only of course)
'They've never had problems raising cash, so why always at desperate prices. Why not release the schlumberger rns then do a placing?'
Some very large wedges of shares have been issued at ridiculously low prices when all they needed to do was to release a bit of positive news, jack up the share price and capitalise. Conclusion. Raising the share price to gain a better value doesn't seem to have been a priority. The prime objective seems to have been that the shares end up in a specific set of hands , probably related to the end game. No doubt the entity that have accumulated these shares may be poised to play an important part of the end game.|
|Reading through the impressive biographies I couldn't help but notice the combined tens of years of previous qualifying o&g production experience which must stand them in good regard for overseeing the management of a marginal field (Atikikpo) and a large oil block (OPL310). Contrasts sharply with the current set-up here, which is, to be precise .... zero. That's 0. Just an observation.|
|Dr Rosso can you explain your posting of Lekoil board please?|
|Yes sonic I'm expecting a wad of rnss to hit in one big dumpload - June next week for petes sake|
|Pipeline I agree its got to be a takeover - Just where is the news on Seabed Survey.... In fact where is any news...... Its going to come in a flurry then bang the big one!
Vito are you for real dude?|
|Bh .I suspect they only needed £20 million to placate the DPR.|
|We might have been 5mill short of drilling but we did show that we could raise 20mill which satisfied a licence renewel obligation. And would we have drilled without a licence. We got a licence now and with minimal dilution to get it.|
|Pipeline .I think there may be other scenarios alongside a takeover ,just to go into production I doubt..|
|Bron, never thought of that about the 5m..Good post again|
|Takeover, got to be|
|On the subject of the £5 million short to drill why were,nt the rest of the pi,s invited to take part .on the back of these historic issues it is understandable that investors dont wholly believe the sentiment or company line of spudding the well being the paramount aim.|
|Where they totally lose the plot is by saying Schlumberger has been backing this set-up for years, yet when the Co. is supposedly just $5m short of cash to get Ororo drilled in 2015, a $118bn French oil services Co, the biggest in the world, can't be called upon to stump up a bit of loose change to get the show on the road.
Laughable stalling antics mean a credibility rating of zero.
No COO or CFO on Board, and supposedly full steam ahead into production = a further dent in credibility. First oil by Sept 2012 we were told.
3 CPR's withheld. How much longer can they continue to hide the assets? Production my ass. Drill, then get it sold off, ffs|
|Deadly...once those 1.7 billion were approved in my view there was a specific home for them.at specific times and specific prices.Its not important what price they are issued at as this will have been factored in.The placing price will make absolutely no difference to what is being concluded.Everything is good and going to plan in my view and the window of opportunity to get shares at circa 1p is diminishing fast.|
|They've never had problems raising cash, so why always at desperate prices. Why not release the schlumberger rns then do a placing?We were trading at 1.3 last week and going strong, week later were at a penny with funding announcements on the horizon. Been going on years. Let's hope it's worth it|
|Er, excuse me but if it was oversubscribed, instead of doing a mates' rates 0.75p gift, why not instead cut the dilution and shove 200m out at 0.9p?It's stunts like this that make the board lose some credibility in my eyes.|
|even though share price has dropped today its good postings by the likes of sherlock, drrosso, drrichard, bron, ht, today that keeps the chin up and keeps the beleaving in the end result here. i am praying drrosso's end game theory plays out here just so thay he can tell us all held told us so. another day tommorow folks lets hope its a day closer to a rns|
|Ha, Bron. theoretically I guess! If they try one after the news we anticipate then stock and placings will be a a premium, you betcha!|