Sirius Petroleum Share Discussion Threads

[sherl0ck] 26/7/2015 10:49

I doubt that 3 years ago Sirius expected to still be here, apparently on the cusp of doing what was fully anticipated then. Frustrating and patience-sapping? Certainly, but despite some of the guff I see written here, it really does seem that this time is different - and the major reason for this surrounds Owena, our partner in unlocking highly valuable Nigerian O&G assets.

There has been a well publicised internal wrangle between Owena Oil & Gas and Owena Energy, which I believe has been a primary reason for the long delays. Put simply, until Owena could get their own house in order, I don't see how we could have farmed in to an Owena-related block (and quite possibly even progressed Ororo for the same reason). In fact I don't see how anyone could have made any progress, which probably helps explain why the assets we highlighted in 2012 are still potentially available to us 3 years later and haven't just been offloaded to someone else.

But it seems as though there has finally been a resolution this year to this long running dispute. Nothing has appeared in the press so whether this was an out of court settlement or if there was an agreed embargo on reporting, I know not, but as part of my research I've located and talked to a source who has no direct interest in Sirius, yet has confirmed a breakthrough. Importantly this seems to tie in with the most recent progress highlighted by the Board - namely the Havoc definitive agreement, mention of the block again after a long absence, talk of a JV and overdue cash payments being taken as shares, including former Director's preference for 2p shares equivalent rather than money.

I wonder how tempting it must have been for Sirius during this long period to simply spill the beans in an RNS, flag how it's not just them faffing around but that they're awaiting the resolution of an issue entirely out of their hands. But it seems these matters had to be handled privately and so Sirius has taken a lot of flack. I suspect that loyalty to their key partner and patience will now be justly rewarded, as will the long standing shareholders.

[cammy3] 26/7/2015 10:27

I can only see positives ahead. If it was curtains then no point having any AGMThis could be the start of a huge turnaround in the shareprice

[ropot] 26/7/2015 10:24

Or news after the AGM? I doubt there are enough P.I.s invested here to scupper any voting, so they don't need to appease us, except to pacify those who are going to it (if even that).

[cammy3] 26/7/2015 10:00

AGM pending - so i would expect news any day now

[david jatt] 26/7/2015 09:55

I wonder how close news is?

Will it be a joint venture or something else in the offing?

[ropot] 25/7/2015 20:59

I suppose one needs to take into consideration whether or not Buhari et al would tolerate SRSP bumbling around for years to come.

The upcoming share grab may well be the last one before handing over to someone who can develop their assets quickly to get oil revenue flowing into the Nigerians coffers.

[topgun1000] 25/7/2015 18:57

Excellent post there htrocka i feel a bit of sarcasm in there but don't blame you.

[shez20] 25/7/2015 14:08

hxxp://www.punchng.com/news/buhari-to-split-nnpc-into-two-plans-fresh-bid-round-for-oil-blocks/

[keysersosse] 24/7/2015 21:10

Menny fanks Jennie,luv u two hunnie.

[jenny tulwought] 24/7/2015 20:57

Iv jus had 1o vodcers - then red yr powim...

and i fink itz brilyunt.





Delighted to hear Pop's on the mend mate.

[klievas] 24/7/2015 20:09

After ten wodkas we will no understand what that peskie Russian talking about. LoL

[keysersosse] 24/7/2015 19:23

Thanks Klievas hope you're ok mate.

Get in touch with the other Albanian peg seller, I think it's time we had a wodka or ten my friend.

[klievas] 24/7/2015 18:44

Nice to see u Si with a bit off funGood news about your Dad. All the best.

[keysersosse] 24/7/2015 18:07

Thanks Chiggy much appreciated mate as are all the others too.
Send us an email mate, I've lost most of my contact details, may have a little something to put a smile on your face.

[chiggy100] 24/7/2015 18:01

Good to see you back KS .. excellent news re KS senior. Fortune favours the brave they say.. So let's be having some.. Gods knows we've got enough brave souls in this share!

[ropot] 24/7/2015 17:05

Where's Mystic Meg with the RNS predictions?
No wonder I never won the lottery...

[topgun1000] 24/7/2015 15:02

Make that 12.82%

[cornishtrader1000] 24/7/2015 13:18

Make that 10%!

[cornishtrader1000] 24/7/2015 12:27

5% drop, the fraud that is AIM strikes again

[shez20] 24/7/2015 11:58

Well the AGM should be eventful if that is the case! Looks like we will be seeing the share price at about 0.8 for them to dish out the extra shares!

[topgun1000] 24/7/2015 10:51

There's more posts and new posters on here than actual trades not looking good for an rns anytime soon.