Sirius Petroleum Share Discussion Threads

[oppl] 26/5/2015 10:53

Big sells as the big dogs jump ship with this tanker of a share leaking like the Titanic....?

...or are they making room to fill her full of black gold, ready to ship around the world?

[htrocka2] 26/5/2015 10:52

'The statement on Friday partly read, “General Muhammadu Buhari will use the opportunity of the visit to take a much-deserved rest ahead of his inauguration on May 29.'


Curious story that...(a) it sounds as if the Oil Minister is about to lose her job. Buhari did say he was going to delegate a Number 2 at the Ministry...maybe he's now going for full control.

(b) Also curious that Buhari's aides should refer to him as 'General'...as Buhari stated officially that he has now dropped the title and it's not to be used.

(c)Buhari takes full control this Friday....interesting times ahead.

[bumpa33] 26/5/2015 10:46

has to be nearing the end now...

[granitetim] 26/5/2015 10:26

Some incredibly large sells now.. Get ready for the drop!
Stay brave soldiers ;)

[dr rosso] 26/5/2015 10:18

Widely reported that the Oil Minister sneaked herself onto a BA flight to London to try to speak with Buhari, but got snubbed.

Is there any depths that they won't stoop to in the latest episode of smoke and mirrors? So, nothing to do with Buhari dropping everything so as to meet first with Cameron for an inter-governmental sign off between the 2 delegations of an O&G deal of crucial importance to Nigeria increasing production for its new O&G refineries on stream in 2017?...no, thought not.
Nor would 2 Africancentric Companies be the subject of such a top-level meeting? .... no, thought not.

Latest piece of garbage fits nicely with the string of lies trotted out by the Co. and leaky contacts. Feather the nest, boys. Time for the bird to fly.


Big "sells" leave share price unchanged. Don't be fooled by the final antics.

[granitetim] 26/5/2015 07:29

Place your bets ;)

[cinques] 25/5/2015 17:11

Amazing... all that oil and no petrol!

[kwizza] 25/5/2015 13:22

Will it all start to change from Friday

[htrocka2] 25/5/2015 09:31

I'm sure we'll get a similar one, hopefully by the end of the year.



(just a coincidence...I don't know how many of you read the bible.. but the best gold in the world, in Solomon's day, came from Ophir...could be a sign?)

[potholepete] 25/5/2015 08:56

Ha ha Chris or should that be Ah ha!

[minichris] 24/5/2015 22:14

Potholepete - but why is that relevant?It's not like anyone involved with Sirius has Tory links, or funded them, or sponsored them for peerage or served in the cabinet....Right?

[htrocka2] 24/5/2015 19:22

Thundercat1....apology accepted....and I give Dr. full backing to his last post....I'm just frustrated that the operation should have been up and running by now....I'm also into gold companies that have no intention of mining the product it's self....but are set up purely to locate the resource so as to reduce expenditure to production companies......which is the primary objective of SRSP's agenda.

[dr rosso] 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-Hirschfield-Fry-Fletcher-Johnson-Kejriwal = bunch of accountants, tax-efficiency experts and M&A specialists who might be able to change the car engine oil but that's as far as it goes.

[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.

[chris shiherlis] 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.

[ropot] 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...

[ruedolf] 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.

[granitetim] 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.

[sherl0ck] 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.

[thundercat1] 23/5/2015 13:03

Great post Dr Rosso :)

Ht rocka change the record mate.

[htrocka2] 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?