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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
  +0.01p +1.74% 0.585p 0.57p 0.60p 0.585p 0.575p 0.575p 7,224,045 13:13:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.3 -0.1 - 20.80

Sirius Petroleum Share Discussion Threads

Showing 95151 to 95174 of 95175 messages
Chat Pages: 3807  3806  3805  3804  3803  3802  3801  3800  3799  3798  3797  3796  Older
DateSubjectAuthorDiscuss
18/1/2019
23:02
Yes drr, I'm working one it!
vatnabrekk
18/1/2019
22:44
Let's sat 45 days to drill Ororo.. the current licence stipulates 'production', therefore compliance would require a February spud date to be on the safe side. from the AD 'The Group’s current licence to the Ororo Field has already been extended on a number of occasions and the latest renewal letter states that the current extension is the last extension of the licence to bring the Ororo Field to production..'
htrocka2
18/1/2019
22:07
Vatnabrekk. The chevron well ororo1.
lotusflower
18/1/2019
21:27
You’d best find us a couple of tugs, then Vatna!
drrichard
18/1/2019
21:09
Lotusflower: "BP offtake agreement RNS states commencement of oil from the ORORO field." Yes, that's one of the reasons that I have been saying that SRSP must drill Ororo in order to unlock everything else. And also, in order to get a refund of money already spent, and to get title to their 40% of Ororo that is currently held in trust, they have to produce oil from Ororo.
vatnabrekk
18/1/2019
21:04
The plot thickens!
vatnabrekk
18/1/2019
20:51
Is it coincidence that NDEP`s 227 partner, Express Petroleum also produces significant oil, targeting 50k bopd from the Ukpokiti Field in nearby block 108 .... and they send it through to the same FPSO, Trinity Spirit. HTTP://www.sepcol.org/index.php/about/oml-108 Keep an eye on this. How on earth can they be expecting to reach 50k bopd by the end of this year without substantial incoming funds?
dr rosso
18/1/2019
20:41
First ten million can be drawndown on commencement of production. Nor do we have to meet the initial flow rates from the chevron well. (A re-entry of ororo1could qualify depending on flow rates) BP offtake agreement RNS states commencement of oil from the ORORO field.
lotusflower
18/1/2019
20:29
The BP prepayment only kicks in upon meeting certain targets - including 500k barrels at the terminal (now FPSO) & >2500 bopd production. If we assume an initial 2500 from O-2 alone then it will take 200 days to reach the 500k. There’s nothing in the AD that specifies the crude at the terminal has to be ‘Ororo oil’, so Ejulebe also flowing helps - plus higher daily O-2 figures & O-3 oil obviously make a big difference. We can sell oil elsewhere until BP kicks in but if we imagine a min individual lifting of say 100k from the FPSO, that’s still 40 days at 2500/day... and it’s difficult to build up your 500k if you keep emptying the storage tanks. Other intermediate offtakers also might not provide a prepayment facility and so there could be a delay on receipt of revenues. The BP prepayment will be great as soon it’s applicable but until then we’ll probably need access to additional funding lines like Barak etc. It’s definitely in our interest to get multiple assets flowing.
sherl0ck
18/1/2019
20:12
"Production eliminates the need for a drawdown agreement.." LF that was the point I was trying to make when the RNS came out. IF the well is spudded before the end of Feb, add on 45 days for drill, will take us into the second week of March - Add on another month for administration time, will take us into the second week in April when we should get the BP offtake monies. Why the need to borrow tranches of 500k when you have 10mill in the bank. And a stream of revenue coming off Ororo.
1alfi
18/1/2019
19:30
GM certainly not needed for a loan drawdown,who are they trying to kid? Nor to issue extra shares because a further 1.7bn were authorised for issue at the last agm. On the other hand, GM would be needed for shareholders to approve an asset sell-off package, which is what everything is geared towards. 70 trading days from 15 Jan = 14 weeks to sell off. By George.
dr rosso
18/1/2019
17:53
Adriatic drilling Ororo will not be about Sirius producing. Production eliminates the need for a drawdown agreement.. A GM not needed for first £1.75million,why then for other tranches. GM for other more important matters. LOG drawdown facility,specifically for going in on assets. COSL force readied for a five year work program. Adriatic to concentrate on Ororo.(The key to unlock it all).
lotusflower
18/1/2019
16:59
Looks like oil is on the way up again.
6cer
18/1/2019
16:15
Good but we need a hell of a lot more blue days to see value return here, let's hope we see more news over the next couple of weeks.
aventador
18/1/2019
15:29
whats with he 3 trades of 850000 at the same time
twodegrees
18/1/2019
15:19
0.6 just paid. Any more buying and we might see a tick up again
drrichard
18/1/2019
15:07
spread is as tight as it has been for weeks...Are the market makers short of stock...
twodegrees
18/1/2019
13:46
50p would cover it and all the agg
xerot
18/1/2019
12:32
LF - would the bod be happy with 5p after all the time and effort they have put into this.
1alfi
18/1/2019
12:27
Bum, COSL FARCE, I like it! 😄
vatnabrekk
18/1/2019
12:26
5pence would suit me. Long-termers looking for much higher.
lotusflower
18/1/2019
12:21
Not a clue LF, would be dependent on number of assets and related cpr's I guess.
1alfi
18/1/2019
12:16
Adriatic drilling,how can we be sure. The knackered force has just had a five year recert. Drilling ororo would have meant the company could be self financing. How much for Alf.
lotusflower
18/1/2019
12:16
Assets, finance packages, cpr's, and infrastructure, put it all together in one neat little bundle and then sell it off.
1alfi
Chat Pages: 3807  3806  3805  3804  3803  3802  3801  3800  3799  3798  3797  3796  Older
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