We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirius Petroleum Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/5/2015 19:22 | Thundercat1....apolo | htrocka2 | |
24/5/2015 14:33 | Sirius wasn't brought into existence to go into any kind of oil production. Despite a string of pretences, trickery, red herrings and general scaremongering, it was created for one reason only, to perform as a listed quasi-indigenous intermediary for the transfer of 2 hugely lucrative block assets from Ondo-Owena into an Ondo-Owena-Ophir combo. An orchestrated plan, carried out at the highest level, it was not set up to fail, as the involvement of multiple big name oil parties will testify. Crew of Kuti-Pryde-Hayward-H | dr rosso | |
24/5/2015 12:44 | Doubly irrelevant because a long lingering dispute over the perceived ownership of Owena O&G is an internal Ondo affair which has no bearing on Sirius stake in the asset. | dr rosso | |
23/5/2015 23:10 | HTrocka this is all very dull. Ororo is tiny compared with OPL241 which is the one they are looking at most anyway so you have wasted years thinking about something that is completely irrelevant. | chris shiherlis | |
23/5/2015 20:46 | On the other hand, maybe SRSP BoD are more proactive and, being financiers, have different connections in the business world. You can have two companies with identical assets, but it's the people running the company that makes it succeed or fail. Maybe we have more than one interested party in our assets, and the "loser" might then look towards Guarantee. Lots of maybes and don't knows... | ropot | |
23/5/2015 17:15 | " Sherl0ck 23 May'15 - 14:01 - 33515 48 directors haven't worked out yet that their financial share from their portion of zero producing barrels from Ororo is.....er, zero. " Exactly .... Guarantee Petroleum have 55% of the licence for the last 12 years and failed to extract any oil..... They simply don't have the funds to get ororo into production and in this downturn in the oil sector will not be able to get any external funds ... which in why the DPR want Guarantee Petroleum off the licence and probably srsp to take over. But the problem is ... Guarantee Petroleum are legally still owners of the licence and the DPR require the oil minister to sign off in removing Guarantee Petroleum ..... its likely srsp will have to wait for the new adminisration to take over in june before there is any progress in the licence issue.....but you just don't know what political connections Guarantee Petroleum may have with the new administration. | ruedolf | |
23/5/2015 14:14 | They (SRSP) never refuted this claim and so many suitors have done their due diligence and walked away..Hmmm wonder why ?? We wish to inform the General Public that Ororo Marginal Field is 100% owned by Guarantee Petroleum Company Limited and Owena Oil and Gas Limited in ratio 55% and 45% respectively. Anybody who transacts any business with SIRIUS Petroleum on ORORO Field does so at his or her own risk. | granitetim | |
23/5/2015 14:01 | 48 directors haven't worked out yet that their financial share from their portion of zero producing barrels from Ororo is.....er, zero. | sherl0ck | |
23/5/2015 13:03 | Great post Dr Rosso :) Ht rocka change the record mate. | thundercat1 | |
23/5/2015 12:32 | Guarantee Petroleum....is a registered entity with 48 directors...that's as far as I'll go. 'In consideration of entering into the Agreement, Sirius has agreed to pay US$1m in aggregate to Guarantee and Owena' so why has it not moved forward since 2011? | htrocka2 | |
23/5/2015 10:36 | htrocka - what will it be next - how about an effort to convince everybody that the Guarantee Petroleum website is authentic ? | omzy | |
23/5/2015 10:02 | Related item. From the following article one will see why it's very important to dot all the 'i's' and cross the 'tees'. NNPC went ahead with a deal that was not fully water tight and have now been ordered to pay $500m as from today....This is why the Owena debacle has got to be 100% done and dusted before SRSP's commitment. HHTP://www.thisdayli | htrocka2 | |
23/5/2015 09:55 | The block contains 3 appraisal wells drilled by Chevron, each on a separate field and each one classed as an O&G discovery. On the basis of PGS 3D seismic collection, followed up by Schlumberger's analysis a no. of further fields have been identified as targets for drilling. Never mind 1bbn, the block is estimated to contain over 7bbn stoiip, over which Sirius has retained an exclusive option to take 40%, with a further option to increase. Over the course of the last 3 years, prospective has been converted to contingent, and much of that converted to proven/probable. What should be obvious is that such an enormous asset is highly commercially sensitive, which partially explains the secrecy. Without doubt its development is way way beyond the capacity of an oil minnow, which is why a $300m LTF package is being assembled by NewCo, aided by Ajami, with its Havoc scout team and its new operator partner. The only way NewCo can access the asset is through Sirius. There are 2 main reasons for the creation of Sirius Petroleum. First reason is that all prep work had to be done through subsidiaries with quasi-indigenous status. That was achieved through the link up with Taglient, contracts with local Cos, and devising a community development programme. Around $6m has been spent to date, loans to the Co. having been repaid in the form of shares to the insider backers. A variety of stunts have been pulled to deter outsider potential investors/punters. Second reason... well, I'd better leave that for others to work out. The big names in on this venture are not a bunch of chancers. | dr rosso | |
23/5/2015 08:06 | Even if we do plan to utilise the refinery, no reason to delay taking initial steps in actually selling the company and Newco getting oil flowing. Block production at 50-60k bopd must be at least 1.5 - 2yrs away anyway even after the trigger is pulled, so why not get the ball rolling now and if we're fortunate to be pumping significant oil before Mr D's refinery is ready, I'm sure we can find another use for it via BTG. A large block could produce for the next 50+ years so I can't imagine they'd take a short sighted view after all the preliminary 2C to 2P conversion work and then just sit around twiddling thumbs while waiting on a huge construction project that could itself be delayed. | sherl0ck | |
23/5/2015 01:11 | The technical guys spent 2012 to 2013 turning 2c into 2p reserves. I think they delay is they want this oil flowing into the new refinery that is being built hence all the delays and nonsense. The more oil goes into that refinery from assets in the state the better it is for Ondo state and Mr D. Gives time for the field to be developed next year ready for the first drop to the refinery in 2017 | chris shiherlis | |
23/5/2015 01:08 | ropot 22 May'15 - 15:22 - 33501 of 33506 2 0 Yep, we acquire a decent-sized asset worth £billions from someone. That someone acquires shares in SRSP. Then we accept a T/O, and anyone with SRSP shares walks away a winner. | chris shiherlis | |
22/5/2015 21:14 | "identified on the basis of indirect evidence but which have not yet been drilled" so they will have alot of drilling to complete - tests - appraisal drilling before they can prove up 1 Bill boe this sounds intersting but we don't know if thery have reached a good agreement yet with additional unitisation interests;' "In essence, unitisation is the joint development of a hydrocarbon reservoir which extends across two or more licence or contract areas (if the field is governed by a production sharing contract regime) in order to ensure the efficient production of the reservoir and to maximise the economic recovery of petroleum from such licences of the contract areas. The net effect of this is that each licence group agrees that the licence or contract areas are aggregated as a “unit”, with each owner receiving a percentage interest in the unit (“unit interest”). hxxp://www.andrewsku | euclid5 | |
22/5/2015 21:07 | I'll agree that 'prospective' is not the same as 'discovered', but the 'third party' and the CEO have signed it off accordingly....and it would seem that a lot of other parties have now locked onto this number. ps..However, you are correct in saying they have not 'discovered' 1bn boe.....for the rns states...'in EXCESS of 1bn..' 'Pre-farm-in agreement entered into relating to an economic interest in a Nigerian Oil Block with prospective resources, estimated by a third party to be in excess of 1 billion barrels with additional unitisation interests;' | htrocka2 | |
22/5/2015 20:21 | SRSP haven't found 1 Billion boe "For prospective resources to become classified as contingent resources, hydrocarbons must be discovered" | euclid5 | |
22/5/2015 20:20 | SPE Petroleum Resources Management System Guide for Non-Technical Users Prospective resources are estimated volumes associated with undiscovered accumulations. These represent quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from oil and gas deposits identified on the basis of indirect evidence but which have not yet been drilled. This class represents a higher risk than contingent resources since the risk of discovery is also added. For prospective resources to become classified as contingent resources, hydrocarbons must be discovered, the accumulations must be further evaluated and an estimate of quantities that would be recoverable under appropriate development projects prepared. hxxp://www.spe.org/i | euclid5 | |
22/5/2015 18:43 | More do fail than succeed and after 5 years of nothing and the lowest share price to date and volume dried up you do sometimes have to question whats the hecks going on. All the big players wouldnt be linked for no reason thats the positive we have to remember. | thundercat1 | |
22/5/2015 15:22 | Yep, we acquire a decent-sized asset worth £billions from someone. That someone acquires shares in SRSP. Then we accept a T/O, and anyone with SRSP shares walks away a winner. | ropot |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions