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 77051 to 77072 of 77075 messages
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DateSubjectAuthorDiscuss
19/9/2017
19:06
Ororo water max depth is 8m. Acc to its spec, the COSL Power jack-up rig cannot operate in such shallow waters, its range is 30 ft to 375 feet. What was the seabed survey for?
dr rosso
19/9/2017
18:14
Good posts DR Rosso and Edgein in these quiet times its good to read some knowledgable posts regarding the future prospects here.
deadly nightshade
19/9/2017
15:32
All Ororo cprs should feature in detail in the AD. That includes the deeper sands data formulated by GCA in 2013. Looks like AD is going to be restricted to a comprehensive focus on the Ororo field and how they plan to develop it. The larger assets may be left out for the moment whilst they concentrate the drilling campaign on this starter field. Spud O2 in late-Oct, 6 months of production and EWT, proved up reserves, then RBL for what Schlumberger et al are really here for.
dr rosso
19/9/2017
15:23
Xiang is a distinct possibility as the HLV. HYR has been issued prematurely so as not to interfere with any event planned for around 30th Sept. If the AD is out by that point, the contract with the new operator will be valid and HLV/rig can be on the move out of Labuan/Singapore. GM approval will be a formality, so they can set off with no risk, tho share trading will have to wait a few more days.
dr rosso
19/9/2017
15:13
Bronislav, There's only so much you can tell from non-tested formations and only so much CPR's will assume about non-tested formations. However get the full 200ft not just the top 40ft tested, perhaps even deepen and maybe find more stacked reservoirs, fully test all indentified pay then it will be included in the revised recoverable for Ororo. Need fully developed field and put on long term production test. But I've a feeling that's what the jvp here intend to do. Once they've 6 months of production out of the field they'll be able to assign an accurate recoverable for all formations (or at least those brought into production). If its a cluster well development then I'd imagine most of the formations including the gas will be developed and tied into that nearby platform. I'm expecting the AD to be pretty comprehensive on the development plan for Ororo. Imo the rockflow report is working on information currently on hand, in the next 6 months there's going to be significantly more information on hand, in terms of tested pay, flow rates, flowing pressure, reservoir performance, decline rates etc etc. Accurate volumetrics will come then, since its passed BP's scrutiny for the offtake agreement that told me all I needed to know. Even though the market started to sell on that event, the most material event this year so far as its triggered events since. Regards, Ed.
edgein
19/9/2017
14:59
Keep on telling you 50p+ - wake up and take in the enourmity.
6cer
19/9/2017
13:16
Afternoon to you all.Been reading this board since last year when I bought in. There's been some great information on here and also the usual nay Sayers. Presuming the Xiang Rui Kou was the correct heavy load ship it looks like it's now Singapore bound with arrival time of the 30th hxxps://www.marinetraffic.com/en/ais/home/shipid:649671/zoom:10
everhopeful1
19/9/2017
10:12
Yes I understand that vatnabrek..My point is it's clearly obvious that all these companies in the consortium are here for more than Ororo or the cpr we have seen on Ororo is way out and not representative of the enormity of Ororo.
bronislav
19/9/2017
09:35
Bron, they are not selling 500,000 bls for $10M, it is two separate agreements, a loan agreement and an offtake agreement. The oil will be sold at market price perhaps with a discount and the loan will be repaid out of the sale proceeds. This is specified in the RNS.
vatnabrekk
19/9/2017
07:51
Rock flows mid case net present value of$49.2 million based on $50 per barrel flat real oil price for the life of the field.........BP international off take agreement 10 million for each 500k barrels of oil. Figures don't stack up.
bronislav
18/9/2017
13:04
Granitit you're a c0ck. Saddo...
1sonic
18/9/2017
12:51
AIM disaster. LMAO at these hopefuls ;)
wiserthanyou
18/9/2017
11:31
JOA was signed on 16 Aug. If Schlumberger has production status and is designated as a joint operator, progress can be made ahead of Sirius' GM. But as I understand it, whilst there is a drilling contract in place, the rig hasn't moved one cm. Commencement of drilling campaign takes place well before spudding a well.
dr rosso
18/9/2017
11:11
I did hint last week that we may well be drilling.guarantee and owena operators so nothing stopping them.joa signed so the consortium would be hapy to get the well completed.Then when oil flows we can get our offtake moey and go in on other assets and then ..bye bye ,bye bye,bye bye, bye bye.all in my opinion of course.
bronislav
18/9/2017
10:40
Wouldn't the JOA have given the go ahead to commence the drilling campaign
1alfi
18/9/2017
10:19
RIG DETAILS Region: Africa - West Rig Status: Drilling Contracted: Yes Derrick: Loadmaster 160' x 35' x 35'; Capacity: 1,500,000 lbs; Hook + Setback: 2,400,000 lbs Drawworks: NOV D3000UE AC 3,000 HP Contracted has switched from no to yes. Has NewCo now been formed, I wonder? Shareholders need to approve the transformation at GM, but in the meantime things can be processed behind the scenes in anticipation of new status. Can't drill yet however.
dr rosso
18/9/2017
09:58
from Sirius website;- This page, last updated June 2017,...................................... Investing Strategy The Company’s objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the oil and gas sector. The company is currently seeking funding to bring the Ororo field (OML 95) in Nigeria (in which Sirius has a 40% economic interest with its partners Guarantee Petroleum and Owena Oil & Gas) into production. If successful it is likely that Sirius would become the operator and this would trigger a reverse takeover under AiM rule 14 and require shareholder approval. Following this, complementary or unrelated acquisitions in the oil and gas sector may be made.
1alfi
18/9/2017
09:27
All the usual refs to "pipeline of assets" have been left out this time around.
dr rosso
18/9/2017
09:11
Last 5 HYRs out on 27th, 29th, 29th, 28th, 30th. Looks like OldCo will be disappearing very shortly.
dr rosso
18/9/2017
09:05
Makes a change as they have been non compliant with the Companies Act for a number of years !
solarno lopez
18/9/2017
08:52
Accounts out two weeks early - strange. Clearing the way?
pipelinepete
18/9/2017
08:50
HTTP://www.rigzone.com/oil/data/offshore-rig-search/rig-profile/1339/jackup/china_oilfield_services_ltd/coslpower/ Status: Drilling
1sonic
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