Sirius Petroleum Share Discussion Threads

[omzy] 03/6/2015 09:09

Maybe the swearing in of Buhari was the trigger to complete the final stages of the SRSP sell off strategy and this final drop in share price is part of that same strategy. Hopefully not much longer to wait now before all becomes clear.

[htrocka2] 03/6/2015 09:00

'if it's gotta start all over from scratch it could drag on for years ...'


If the ex Oil Minister has been accused of wrong doing by her Government, I imagine that she's recently been very busy shredding paper work of which SRSP and others, will no doubt have copies. It would seem that SRSP never got any assistance from her in the past...it's pay back time. What goes round comes round.

[ropot] 03/6/2015 08:59

All this could move things along more quickly. The Nigerians are desperate for oil revenue, so it could be the perfect time for SRSP to hand-over to NewCo so that the big boys with the big money can get on with the task in hand.

[omzy] 03/6/2015 08:55

Maybe they have sorted all the deals and assets. Its not all doom and gloom in Nigeria and some businesses are moving forwards:-


Petralon Energy Targets First Oil in Dawes Island Marginal Field
02 Jun 2015
Quotes from This Day Live by Ejiofor Alike

Petralon Energy, a Nigerian indigenous exploration and production company targets to record first oil milestone by early July 2015, and stressed that it has already committed in excess of $10 million over the last six months to complete the re-entry of the existing Dawes Island-1 well in the Dawes Island marginal oilfield.


The company said in a statement at the weekend that the drilling campaign in the Dawes Island well was at an advanced stage, having drilled over 4,100 feet with the side-track to a target depth of 7,010 feet well underway......................................
The Chief Executive Officer (CEO) of Petralon Energy Limited, Mr. Ahonsi Unuigbe said his company was extremely delighted to be developing the Dawes Island Marginal Field.

“At Petralon, local content meets global best practice and I am confident that our dynamic approach coupled with our experience and expertise will make this project a success. We anticipate a base case initial production from the field of 1,500 bopd, ramping this up to 3,000 barrels of oil equivalent per day (bopd) by year-end. We are proud to be part of the rapidly growing group of indigenous companies who have the technical competence and financial resources to own and operate assets in Nigeria, fueling the growth and development the indigenous upstream sector Nigeria,” he explained.

[thundercat1] 03/6/2015 08:37

interesting links rocka.

[htrocka2] 03/6/2015 08:17

It's fairly strong stuff when the House of Representatives refuse to exonerate Mrs Diezani, the ex Oil Minister, of wrong doing and intimidates that she's a 'shady lady'....and this was the person that SRSP had to deal with.

[thundercat1] 03/6/2015 07:59

There's always some excuse for the delays ok they maybe doing the due diligence or evaluation on the huge block yes but surely 5 years to get some assets into production is crazy especially as they haven't actually done anything as far as we know or got the funding even still!

[htrocka2] 03/6/2015 07:32

'President Muhammadu Buhari has urged the people of Niger Delta to embrace peace in order to allow his administration effect the planned massive development for the region.'

'Planned Massive Development for the Region'

It sounds as if the expansion is to accommodate increase growth in the area and will kick off with Seplat... no doubt followed by SRSP's NEWCO

[herman_m] 03/6/2015 07:28

Come on guys, granted it's frustrating but this mornings feelings are all driven by the delays in forming a new government and how Buhari is going to govern. None of that is within control of BOD, but how they respond is. I'm eager to review the next RNS.

[thundercat1] 03/6/2015 07:15

Actually fed up with this company about time we got some answers?
Email the company give them some pressure only thing we can do.

[thundercat1] 03/6/2015 06:58

Every year it's always next year next year comes it's another 6 months then another year... 5 years later and 85%+ down poor show from sirius sort your act out surely it's in there benefit as much as ours to get this sown up? difference is they probably are not as poor as us lot waiting to get our money back or make a few quid on this if a miracle happens!

[chris shiherlis] 03/6/2015 06:13

Always kick the timeframes down the road this lot.

One day we might reach the goals, one day.

We'll no doubt be old and grey by that point.

[htrocka2] 02/6/2015 21:12

x1000... not yet...I'll look into it.

Reudolf, that article came out after the 5m share sale and share price drop...that was poor judgement in my view....some you win, some you lose. ....but a cynic would suggest that some one wants to keep the brakes on the sp, maybe until Ajam has tied his end up.

[ruedolf] 02/6/2015 20:44

Good article HT....

No wonder the share price has slumped today .... can't see any progress on the deals front until the new cabinet is up and running .... not scheduled now untill late summer

" Buhari sent a list of 15 special advisors to the outgoing national assembly for approval on Tuesday, but the cabinet is unlikely to be publicly revealed until the end of July or early August."

[x1000] 02/6/2015 20:08

htrocka
do you have any information on SRSP/associates links to the President ? Thanks

[htrocka2] 02/6/2015 19:57

It looks as if SRSP will be dealing directly with the President himself.

[the prophet] 02/6/2015 17:41

5m sell nr end tho, Calvert?....

[drrichard] 02/6/2015 16:40

Some nice buys today, comfortably outstripping sells
2 x 1 mm
1 x 750k
3 x 500k
4 over 100k

[thundercat1] 02/6/2015 15:14

You said that last year... and the year before, still here GT just like you part of the smelly old furniture.

[thundercat1] 02/6/2015 15:11

Large spread and drop back again been a strange couple of days seems though they will move this about a bit more freely lets hope we start to see some action soon.

[them0se] 02/6/2015 13:40

I know Dr and very rare..
It's just all to easy to predict it will sadly drop back each time..

[drrichard] 02/6/2015 13:36

Indeed, themose, but blue is such as nice colour!

[them0se] 02/6/2015 13:32

Dr Richard. Ignore the share price mate.
The only time this will move properly is on some form of positive news.
But you already know this ;)

[drrichard] 02/6/2015 13:24

Blimey, that was a bit of a heavy mark down. Back to where we started again, Grrr!