Sirius Petroleum Share Discussion Threads

[sherl0ck] 03/8/2015 08:50

"I set up Tullow Oil to rework those old fields. I knew nothing about the oil and gas industry at the time, which made it more challenging. No one thought Tullow would succeed because of my lack of knowledge of the industry..."

Aidan Heavey, Founder & CEO, Tullow Oil

We have ex-Chevron folk on the ground in Nigeria and support from world class O&G experts, Havoc and Schlumberger. At the moment our focus is on securing attractive assets and arranging financing, hence you need Bobo's connections and the money men. When we go into oil production as Sirius or Newco, it's really not hard to compliment the Board with additional appointments from the industry.

[solarno lopez] 03/8/2015 08:23

Thanks Bron and HT lets hope the future is brighter than it has been

[htrocka2] 03/8/2015 08:20

solarno


'a board director and former investment banker with little experience of the oil industry'.....'


sums srsp's board up to a tee....ie, bankers running oil companies.

[bronislav] 03/8/2015 08:13

Morning sol ...hope you are well .....bet you are bristling with excitement with the thoughts of the post agm action.

[solarno lopez] 03/8/2015 07:34

...Interesting piece in the Sunday Times regarding Toby Hayward and his time at Afren......


......'they were suspended, then fired, leaving the company to be run by stand-in Chief Executive Toby Hayward, a board director and former investment banker with little experience of the oil industry'.....

[htrocka2] 02/8/2015 09:49

Related topic.

As the smoke gradually clears, a picture emerges why the 'AJAM' deal may have fallen through.

[drrichard] 01/8/2015 22:16

"Segmental reporting" rears its head again

[dr rosso] 01/8/2015 20:29

Oando.

"Bullish in pursuit of new opportunities

Our position as a leading integrated energy company operating in Africa gives us the scale and capability to pursue a range of new projects and acquisition opportunities. These include a multitude of farm-in and acquisition opportunities to realise our medium-term to long-term strategy. While our immediate focus is on Nigeria, we are evaluating other opportunities in the Gulf of Guinea."



The Sirius in production
/not in production argument is solved by it becoming a subsidiary of the new parent co., operating each block via the relevant sub-subsidiary

[dr rosso] 01/8/2015 19:44

$1m per day in lost production for every day that the twin well on Ororo fails to flow.

But block 241 will have a proved up NAV of $40bn (40% to Sirius).




So which asset has NewCo lined up $2bn+ for? Not the bauble, is it. They go as a package.

[ropot] 01/8/2015 18:13

Why has Ororo been "deliberately stalled"? Surely not just so that SRSP can keep it secret to maximise their eventual $$$ proceeds from it? Didn't the Nigerians get a say in this? Wouldn't they have liked to have had oil flowing sooner?

[dr rosso] 01/8/2015 17:51

Key driver is the value optimisation of Block 241. Ororo hub has been deliberately stalled. They will now proceed to bring Ororo/95 onstream. Pure orchestration of timing, ignore previous bogus funding issues. Meanwhile the full slotting of insider family trust shares into place on Thursday is the prelude to action. Expect official announcement on 95 at some point this month, followed by 241 farm-in. Finance package for Ororo drill, FPSO, then the all-important 241 acquisition likely to be in region of $40m, provided at project level by the new jv partner

[mrbean5000] 01/8/2015 13:10

/reaches for the FCA link below ;)

[bronislav] 01/8/2015 12:36

Htrocka ,,unless of course posters are working alongside cantor .....shock horror ,surely that sort of thing doesn't happen does it ?

[htrocka2] 01/8/2015 12:16

ropot...no matter what is posted on these boards, there's no way we'll influence the share price

[ropot] 01/8/2015 11:05

One more week of ramping and deramping, and then anything could happen...

[htrocka2] 01/8/2015 09:08

Thunder, look on the bright side....they're still afloat. Personally, I'm waiting to see how the passing of the Resolutions this Thursday will effect the share price It's the issue of the 30% that intrigues me. This MUST be followed up with an rns indicating the new Major Shareholder (s).... IF it's a single entity, the Take Over Rule will apply.

[thundercat1] 01/8/2015 09:06

I'd say next year now at the earliest annoying but that's the speed of things here always seems to be next year though every year !!

[htrocka2] 01/8/2015 08:58

Bobo said 'by the end of the year or next Easter...' I'm going for Easter.



(CEO Toby Hayward...ex SRSP director)



'In the world of Sirius 2 + 2 = 5.'...I can't remember his name but many years ago, part of a mathematicians paper that won him the Nobel Prize was that he could prove that 2+2=5...why was this important?...because Government Treasuries now utilise an additional 25% (ie, billions of pounds) that they previously didn't know they had.

[chris shiherlis] 01/8/2015 03:31

In the world of Sirius 2 + 2 = 5.

[chris shiherlis] 31/7/2015 23:06

Doc, you were the one they talked about around town as they put you down.

And as hard as they would try They'd hurt to make you cry, But you'd never cry to them, Just to your soul.....

You leave in the morning With everything you own in a little black case (Sirius Share Certs) Alone on the platform The wind and the rain, On a sad and lonely face.

[htrocka2] 31/7/2015 22:34

Carc.. I would more than happy if I knew that HAVOC were aware of the extra shares to be issued. Their 2p Warrants have now got to compete against the soon to be 2bn shares in the market place against the 1.3bn when the BOD issued the Havoc/Warrant statement. Their exercise target has effectively been increase by 50%. If Havoc were aware of the 'to be issued 'shares, then they were privy to sensitive info that should have been released to the market at the same time as the Warrant Statement. This may well have effected trading of shares between the two statement.

With ref to Stien and Taylor....I've been here nearly five years and these two are the best they've come up with to date.


Pointless worrying about the above now...it'll all come out in the wash this Thursday....If havoc confirm their intention to accept the warrants at 2p. I'll increase my holding.

[bronislav] 31/7/2015 21:41

Carc..good post .....I was discussing the subject of havoc tonight with a close friend and the only way havoc would have agreed to the 100million warrents at 2 p is if they knew two things .1- the amount of dilution ,as you have stated .2 the final takeout price so they can put a figure on the worth of those 100 million warrents...

[carc] 31/7/2015 20:38

htrocka2, I consider you a balanced poster, but I disagree with your last comment.One would imagine that when Havoc signed a definitive agreement, they would have been privy to the final dilution of the company. These guys aren't fools. With regard to it being 'game over' without Havoc, I don't understand how you've come to this conclusion. Given, Stein and Taylor are some of the best in the field, but suitable replacements would be available if necessary. As far as I'm concerned, the only irreplaceable person here is Bobo Kuti.

[ropot] 31/7/2015 18:28

Dum dum dum dum duda duda dum... Tune in to next week's exciting episodes of Sirius Petroleum.

[htrocka2] 31/7/2015 16:31

What I find as a bit of concern is that on the 22 of June, SRSP announced that they made a provisional agreement with HAVOC to accept 100m warrants with an exercise price of 2p for 36 months.....so far...so good. However, on the 14th of July, SRSP issued resolutions to be passed at the AGM that incudes the issue of an extra 12% for the directors, 6.4% for employees and 30% for... (reason not specified)...that's an extra 605m new shares on top of and AFTER the HAVOC 'agreement' of 100m Warrants at 2p...I doubt HAVOC are going to be happy bunnies with this lot....and they don't sign up until after the AGM..... The story to be continued.(The extra shares asked for reduces HAVOCs slice of the pre- agreed cake...SRSP are taking the p+ss...some thing's got to give...If we lose HAVOC, it's game over)