Sirius Petroleum Share Discussion Threads

[htrocka2] 09/5/2015 12:03

Have they got a Newco lined up?

[handygandhi] 09/5/2015 11:47

"Shez I think we would be known as the Shadwell Army."
Or the born again Quality Street Gang!

[dr rosso] 09/5/2015 11:30

330m going out to Calvet friends when they are 50p a throw = nice little earner for the select few in on this ruse. Are ADoc, Hoots and Antenna all in on this scam? Tipping us off to buy in at 2p+ knowing full well it was being sold down through the Corvus subsidiaries and aided by their twin MM brokers.

Whatever the dodgy shareshifting processes, endgame hasn't changed. Those seated at top table have unscrupulously raised their % stake at the expense of minority holders. But is anybody really surprised by this? With the crew and associates sitting on near on 90%, they've learnt their mistake from Imperial where they themselves were diluted down to 6%.





Tuesday 26 August 2008 13.01 BST


Imperial Energy, which explores for oil in western Siberia, has agreed to a takeover by India's ONGC Videsh for £1.4bn.

Imperial and ONGC said in a joint statement today that they had agreed a recommended pre-conditional cash offer of £12.50 a share. The deal depends on approval from the Russian government.

Peter Levine, the founder and chairman of Imperial, stands to make £90m from his 6.1% stake and share options. The group has grown rapidly from an Aim-listed firm backed by Corvus Capital at 25p and worth £2m in 2004.

Analysts at Cazenove described the price as "reasonable" and a "positive result for current shareholders".



If they can repeat the 50x rise here at Sirius, it finishes up as win-win all round.
For that to happen, Sirius share in Block 241 needs to be taken out at $1.5bn ( add on $0.2bn for OML95.) Divide by 2bn shares and you'll arrive at 50p. Corvus crew + associates will exit with £900m ($1.5bn) less whatever under-the-counter payoff is made to their various chums who helped them pull it off. Call it £800m, which is exactly what they SHOULD have taken from the Imperial T/O. Lesson learnt.

[sherl0ck] 09/5/2015 11:17

If 330m to be split between deal makers that have been instrumental in pulling this off, that would be an easier pill to swallow compared to just a key insider being greedy at the last minute.

[chris shiherlis] 09/5/2015 10:35

ADOC very quiet on the subject of this last RNS.

The Hoot quiet also, I wonder who this fellow is?

What's your take on it?

[granitetim] 09/5/2015 10:31

Yeah hold on to your winning tickets guys...50p is coming ;)

[chris shiherlis] 09/5/2015 10:01

Could it be that Calvert distribute these shares in payment for Ajarmi, and whoever else needs a brown envelope.

Come on get on with it and show us with have OPL241, which is bloody massive.

[chris shiherlis] 09/5/2015 09:42

Shez I think we would be known as the Shadwell Army.

Not to be messed with, some of the members are extremely unstable and unsettled if slighted in anyway.

I once saw a member beat another man until they were both crying.

[shez20] 09/5/2015 09:23

Cheers chris,I don't actually think they will do it but just wanted to see if there was any official reason it couldn't be done.I think a few of us would be joining you if they did though!!

[htrocka2] 09/5/2015 09:14

Major Shareholders


HSBC Global Custody Nominees (UK) Ltd - 89,315,526 7.82
Spreadex Limited - 88,196,864 7.72
Secure Nominees Ltd - 89,559,355 7.61
Barclayshare Nominees Ltd - 78,379,138 6.66
Lynchwood Nominees Ltd - 64,865,000 5.51
Huntress (CI) Nominees Limited - 61,226,668 5.20
Platform Securities Nominees Ltd - 42,262,479 3.70
WB Nominees Ltd - 42,384,671 3.60


Directors


Jack Pryde - 24,950,000 2.12
Bobo Kuti - 12,590,909 1.07
Ajay Kejriwal - 3,450,000 0.293



I'm fairly certain that their is a pragmatic ethos behind the rns....in that prior to the rns the Major Shareholders had over 50%... and control, ie 556m against 1.098bn in issue.. since the rns the goal posts have now been moved and, if the maths are right, the current Majors could be moved to the 40% area and Calvert may lay claim to an extra 15% ish and become it's largest shareholder. Options have no rights and presumably get cashed in once converted. Just my opinion of course.

ps... a single shareholder would require a 75% holding to have the power to go private..so that's non applicable.

[herman_m] 09/5/2015 08:09

It's all tightly sewn up. Anybody else notice that Kerjiwal at Juniper also lists himself as NED of Sirius Petroleum PLC?

[x1000] 09/5/2015 06:42

The agenda here may be to privatise the company ?

[htrocka2] 09/5/2015 03:22

To be honest, we're all still in the dark. The rns, the above 2bn options, we PI's, concern all shares relating to Sirius Petroleum Ltd. We don't know what's been hived off into the new subsidiary...ie, Sirius Ororo ltd. Probably why AJAM will not be concerned with the rns and it's diluting influence if he has been awarded a large percentage of the new subsidiary, the route through which his support is coming.


the 2bn options with 1bn in issue...(3bn)... and that' without the rns allocation...and only a handful of people know the true value of the market cap. of Sirius Petroleum Ltd....every one else is guessing.

[chris shiherlis] 09/5/2015 00:30

It is certainly possible that the Nigerian venture is taken private but there is a separate oil trading business that might need to be funded by the markets.

If they did do the dirty I would be paying them a visit.

[shez20] 09/5/2015 00:18

Would they need our money chris after what they would stand to earn from here and just privatise there next venture?

[chris shiherlis] 09/5/2015 00:14

Shez20
9 May'15 - 00:01 - 32898 of 32899 0 0


That's the thing that worries me x100!!! Today they have shown how ridiclously easy it is for them to dillute us on terrible terms!! We all hope it won't happen but what stops them doing this a further 2-3 times making our shares become worth far less at eventually end game while they feast!!

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If this did happen they would be getting no further funding for future ventures including the Nigeria Phosphates business that they have already bought up a huge area of Nigeria ready for the next one.

[x1000] 09/5/2015 00:12

How can the bod be trusted after the previous RNS expressing concern about dilution ? That worries me somewhat. Maybe that is part of the strategy i.e to encourage a sell off.

[chris shiherlis] 09/5/2015 00:11

thundercat1
8 May'15 - 13:58 - 32887 of 32897 0 0


Didn't west house value this at 31p a year or more ago.
That wasn't including the 'block' if this was just a game of share shuffling shenanigans then let's hope it's a fruitful summer ahead :)

That was when price of oil was over 100 dollars a barrel.

Try to keep up and think about it.

[shez20] 09/5/2015 00:01

That's the thing that worries me x100!!! Today they have shown how ridiclously easy it is for them to dillute us on terrible terms!! We all hope it won't happen but what stops them doing this a further 2-3 times making our shares become worth far less at eventually end game while they feast!!

[x1000] 08/5/2015 22:45

If the bod have been selling, why haven't we received a holdings RNS? And what is to stop massive further dilution ? And what about a future holdings RNS notifying of bod sales engineered to get the price to 0.5p prior to new finance deal ? VerY far fetched I know but hasn't most to date been very far fetched with SRSP. Are the bod sailing too close to the wind in terms of what is legitimate business conduct ? Are they jeopardising the company ? I see potential for $1-2 b sell off but after how much further dilution ? What are the risks with what could be interpreted more as dodgy conduct of business than above board in light of market regulations ? Anyone serious about srsp has got to ask these questions....

[1dsk] 08/5/2015 21:41

Thanks for clarifying DrR.

[dr rosso] 08/5/2015 21:33

93m options (70m to Emmef at 10p, 8m to Dasuki, 15m to consultants.)
25m options at 5p to Hirsch and Hayw
100m other options to Ds


Takes us up to 1.7bn. Expect the LTF providers, + Havoc to be gifted a bundle.

Total 2bn.