Sirius Petroleum Share Discussion Threads

[dr rosso] 14/5/2015 10:59

Use the operating subsidiaries to farm-in at project level and work the blocks. No requirement to make any formal announcements as they are both Nigerian-registered.

[htrocka2] 14/5/2015 10:47

omzy...on the 16th of March....Bobo said
"We are working with Nima to conclude this as soon as possible in order to proceed with our plans to bring our first asset into production."

by the time we get to the latest 'extended date' line, April 30th, it was all changed and the funding shelved. The company then shoves 'the first asset' into a subsidiary...and moves onto Plan 'B'. Some thing came to the attention of the BOD during this period that we're not privy to, that made them shove 0roro OML 95 into a subsidiary. By creating 'Sirius Ororo', although still owning OML95 cuts the ties and allows them freedom to move on.

The longer the BOD keeps in denial of the Owena situation will only lead to further and greater speculation. The share price is now close to bottom. . why not just come out with it and explain the problem?...If my posts are rubbish...why are lawyers not banging on my door?

[dr rosso] 14/5/2015 10:36

Name Date of Transaction Number of Shares Purchased

Nicholas Smith 20 March 2015 12,000
Vivien Gibney 19 March 2015 5,000
Bill Schrader 20 March 2015 7,500
Nick Cooper 24 March 2015 79,500
Bill Higgs 23 March 2015 39,251
Bill Higgs 23 March 2015 5,007

26 March GRANT OF LONG TERM INCENTIVE PLAN AWARDS OVER ORDINARY SHARES OF 0.25 PENCE EACH IN OPHIR ENERGY PLC:
DR NICK COOPER 787,108 SHARES
DR BILL HIGGS 547,398 SHARES
MR TONY ROUSE 306,543 SHARES

03/03/2015 Transfer In Nick Cooper 487,030
03/03/2015 Transfer In Dr Carol Bell 6,870


Cooper, Rouse and Bell in top positions and heavily invested in Salamander, which was taken over recently in an all-shares deal.

Bell has all the Sirius block data from her time at PGS which did the seismics.

[dr rosso] 14/5/2015 10:28

Antenna2 - 20 Mar 2015 - 10:55:40 - 31719 of 33189
Good morning all.
The settlement should be put out in the Court Records hopefully next week.
Have a good day.


Antenna2 - 20 Mar 2015 - 13:46:40 - 31731 of 33189

I don't think Sirius have to issue an RNS as the dispute was between guarantee and State Government which has now been resolved.
All the best Ant.



May I suggest that ppl have a look at Ophir's rnns around 20th March.........

[oppl] 14/5/2015 10:15

Big news tomorrow.

[omzy] 14/5/2015 10:07

htrocka - according to the last RNS who directly owns OML95 and how does that relate to a historic court case ?

[omzy] 14/5/2015 10:04

I think some of the annoyance displayed on this thread is due to the fact that some of the more predominant posters, over many years, have shown loyalty and support to the company and in return and with particular reference to the last RNS, the company appears to have disrespected this loyalty.

[htrocka2] 14/5/2015 10:01

Thunder..I don't like bringing the subject up...but burying ones head in the sand resolves nothing.... it's the resolution to this case that's the key to SRSP finally going forward. Look on the bright side....many parties are involved with claims and counter claims for ORORO and OPL 214....There must be some huge numbers involved to these assets to go to all this trouble....and that's part of the problem, too many people know what these numbers are and want a slice of the cake.

[thundercat1] 14/5/2015 09:50

I Wish htrocka would stop banging on about the court case he's like a stuck record lets get back to being positive nothing's changed its all a gamble and we are all invested on hopes and rumours probably why we are annoyed to date as most have yet to materialise but with the great research on here we can piece together the jigsaw and how's it's being played as best we can, I was told by company pr there was no court case or license issues not that it can always be trusted, but as said if the company don't give us any real info we don't have much to go by and the secrecy could work out in our favour at the end of the day.

[omzy] 14/5/2015 09:48

Is Sirius Ororo (OML95) Limited, a company consisting of Owena, Guarantee and Sirius ?

[omzy] 14/5/2015 09:41

Maybe all the affected parties have settled out of court and amalgamated to form a joint company, because it is in everybody's interests to get some flow flowing through the ororo hub. Or maybe the affected parties have been payed off out of court. One thing we can be sure of is that the rns states

Sirius Ororo ("OML 95") Limited, a wholly owned subsidiary of Sirius ("Sirius Ororo Ltd.") which directly owns OML 95"

Who owns OML95 - are Sirius Ororo("OML95") Limited the same entity as Sirius ("Sirius Ororo Ltd.")

One thing I would suspect given the current ambiguous climate of srsp, if there had been an out of court settlement the company would not want it in the public domain due to possible share price reaction.

[htrocka2] 14/5/2015 09:27

from the URL above.... gives an insight into the stupidity and corruption that's connected with this case....Oil world submits a 'lottery' number amount to claim the ownership of OPL 241 knowing full well they have NO money to back the bid. Then, for some strange reason, the government allows then to make deals with a field they've not paid for....madness. The Courts will have to take another look at this deal....and this is only one many problems to be resolved.

'Oilworld emerge as the winner of the oil block, but owing to the company's inability to pay the requisite 50 per cent down payment of its bid sum, it assigned 30 per cent of the equity to Owena Oil, which paid the 50 per cent on its behalf'

[omzy] 14/5/2015 09:22

Think it's more than a possibility DrR. Once the share shifting shenanigans are complete I do believe the next news will be of a farm-in to ororo.

"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"

[htrocka2] 14/5/2015 09:15

'The problem is that the company don't give out any info so we have absolutely nothing to go on and we have listened to rumour as that is the only info available to us.'

That's not true.






Every one connected with SRSP is awaiting the out come. The last recorded info we had was that it was going to court on October 9th...after that, all went quiet.

PS..I'v noticed that nearly all the reference to the dispute have now been removed from search engines...the above came from my file.

[dr rosso] 14/5/2015 09:13

Those still unaware of what is being orchestrated here by Ondo-Owena-Ophir should have a close look over at Ophir rnss/share dealings since early March.
Everything has to be in place by May 28, hence the recent haste by Calvet/Juniper associates to add to their holdings in SRSP.

Just to repeat. Sirius has no intention of producing oil. It was never set up for that purpose. Still poss that first move could see a farm-in to allow X to take a 20% stake in one of the blocks.

[dr rosso] 14/5/2015 09:00

Buy orders were being filled by CFEQ and WEST during the downward slump. Likely 5m at a time. Watch out for the next one. £50k now picks up over 5m at just under 1p. Let's see. A rinse and repeat cycle has been going on over the last few weeks, manufactured to allow certain ppl to accumulate.

[chris shiherlis] 14/5/2015 08:30

More good posts, Sherlock is a great poster.

The problem is that the company don't give out any info so we have absolutely nothing to go on and we have listened to rumour as that is the only info available to us.

We have absolutely no way of confirming those rumours so we are in a tight spot and part of the reason i have been negative in recent times. No info in which to base an educated decision on and that causes anger and miss trust that the company have done nothing to aligh.

We can no longer rely on rumour we must have hard evidence either way from the company.

[4ceer] 14/5/2015 07:24

Surely the outcome of the owena high court issue must be well known or can Nigerians keep secrets ?

[alongfortheride] 14/5/2015 05:39

Some cracking posts on here guys, thanks.

[htrocka2] 13/5/2015 23:35

'would you for one minute risk jeopardising any of it by telling even highly supportive PIs that we've sorted out the Ororo issue or that subject to DPR ratification, we've secured OPL 241'


When the High Court have sorted the Owena Issue, the press injunction will be lifted and the whole world's media will be onto this story. The company will not be able to prevent it hitting the headlines . There will be no need to wait three years for plan 'B' to come to fruition. As soon as the Owena resolution hits the media, the cat will be out of the bag and will be the catalyst that drives this north. This is the reason for the share grab in the rns. No one knows when this judgement will be finalised , one, two, three even six months time?.....my bet is by the end of the summer. The delay is detrimental to Nigeria's GDP. The outcome of the Owena debacle will mean that ORORO will be back on the agenda...and the restart of Plan 'A'.

[1dsk] 13/5/2015 22:39

I think it could well be a combination of both a and b, but hey what do I know. I certainly don't think there is any need to throw the toys out of the pram just yet and I am hanging on for dear life until the end. Still hopeful that we are getting close to the grand finale. Let's hope sooner rather than later.

[sherl0ck] 13/5/2015 22:32

Yeah 1dsk, I think those confidently foretelling how Regan will now just offload 70m and then eventually the entire 330m shares have called it wrong because the Sirius world has changed. The last RNS has left a bitter taste for many previously supportive holders, hence the minimal buys even at the lowest prices for years. So in my mind it leaves two possibilities - a) he's grabbing as many shares as cheaply as possible with a view to maximise his return one day b) all/some of the shares will find their way into other's hands, perhaps greasing the wheels of a deal. Both options could be very positive for us.