Sirius Petroleum Share Discussion Threads

[htrocka2] 04/9/2015 10:54

thunder, we have to face reality. 'All resolutions Passed' that means that many more shares(and I mean many) have been agreed to be printed no doubt as preparation for the J/V. However, we've no update as to the issuing of these shares which means that the potential J/V partner has not as yet signed up to the deal which is, I might add, a cause for concern which indicates that the 'horse trading' must still be ongoing... hence not concluded. So what's going on?. History gives us a good clue.
A banker, who knows nothing about the oil game, takes over a gaming company and decides to go oil prospecting...Various deals and J/Vs including Bolad Energy, R.T.S, Del Sigma, Dajo Oil Ltd, S.A.H.T(who have Phd's on the board) and Fronteer Oil, were proudly and loudly announced via rns' ....yet ALL collapsed. Fronteer Oil were initially a 'minow' at the time of the proposed deal and went on to become one of Nigeria's largest gas producers. So it seems that a great fanfare pre-empts the deals that eventually collapses. (yet it is on this great fanfare that SRSP used to print more paper) It would appear that after the euphoric announcement, it was SRSP themselves who start turning thumbscrews and want a large and larger portion of the cake that were eventually rejected by the potential partner...hence the collapse of all the deals. This is what's worrying me about the HACOC deal. In June SRSP agree it's latest warrant deal with HAVOC at 2p, having already issued them with 8p, 6p and 4p warrants, then two months later at the AGM, pass a Resolution to issue a further 1,100,000,000 shares. Because these 'extra' shares have, as yet, not been issued, implies that a potential partner has not, as yet, signed up to any deal, hence further implying that this is not a done deal.... therefore the possibility exists, as history indicates, that there is a high probability that it may go the way of all the previous deals. In short, SRSP have been the main instigator and culprits behind the collapse of all the previous deals because they have been too greedy. Even Calvet, after about third J/V failed, got cold feet and pulled the promised $80m funding...and now feeds them dribs and drabs. I'm not interested in the 241 field...they've had deals and promises in the past with omls 55, 313, 330,....all history now and came to nothing. The ONLY thing that's going to keep this alive is confirmation that HAVOC are still in. SRSP have lost control of the thumb screws, they are now in HAVOCS hands.

[granitetim] 04/9/2015 10:24

Just waiting for DrNobbo's 70k buy he promised!!
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SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP
Dr Rosso - 02 Sep 2015 - 12:46:09 - 35704 of 35764
Yesterday's seller of 937,500 will have been tipped off that the ask is going to be taken below 0.62p on forthcoming and final shareshuffle RNS which the market may perceive as negative. Simply hold through or buy on the dip. I'll be looking for another 70k on Fri. Pot gets ever bigger on decreasing average. Ta v much.

[granitetim] 04/9/2015 10:18

Money must have gone by now.. Equity time again..

[bill williamson] 04/9/2015 09:59

Do you ever stop repeating yourself thunder cat?

[htrocka2] 04/9/2015 07:58

Nice write up thunder, the only problem is that we're nearing the end of 2015...and nothing's moved. Still, they've only got to change the date to 2015...and can paste and copy the article for the next results....and maybe add that they're looking at a dozen more oil fields...with potential J/V partners being short listed.

ps Since their excuse last year in failing to raise $5m as a reason for not moving forward...they must have spent in overheads since .

[thundercat1] 04/9/2015 07:14

Sirius Petroleum Plc.("Sirius" or the "Company")Final Results for the year ended 31 December 2014Sirius (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces its Final Results for the twelve-month period ended 31 December 2014. During the period, the Company's focus has been on reviewing the opportunities available to the Company, both in terms of assets in Nigeria and the optimum financing and long-term strategy for developing those assets.Overview -- The Company's core corporate strategy is, working alongside financial and technical industry partnerson a joint farm-in basis, to exploit larger oil blocks in Nigeria. The Company also continues to monitor the award of upcoming marginal fields to be auctioned by the Department of Petroleum Resources in Nigeria, who are indigenous partners; -- Continue the development work completed on the Company's first marginal field, the Ororo Field, located in OML95, to optimise the well entry plans and field development; -- Appointment of Havoc Partners LLP as technical advisor to the Company and appointment of Jon Taylor and Alan Stein to the Technical Advisory Committee to strengthen the Company's in-house core competency; -- Marketing Agreement signed with BTG Pactual Commodities to off-take the Company's crude; -- Sirius has grown its local Nigerian team adding strong oil experience and developing key local relationships to enable Sirius to exploit the significant oil and gas opportunities available to indigenous companies in Nigeria; and -- A facility has been agreed with Calvet International, a family office, to assist the Company with its working capital requirements. Corporate Strategy UpdateThe Board has been actively reviewing the optimum strategy for Sirius in light of the current economic climate and lower oil prices. There remains a significant number of opportunities available to smaller E&P Companies in Nigeria and the Government's drive for the development of assets by indigenous companies sees Sirius well placed. Since the Company's inception, the focus has been on developing the right relationships to ensure that the Company can access assets not readily available to international companies.The Company is in discussions with regard to the participation in a significant oil block located in the shallow waters of the Niger Delta Basin on Nigeria's continental shelf. Our technical team, in collaboration with Havoc Partners, has begun full technical due diligence in order to review the optimum development strategy.The Company is in discussions with a number of parties with a view to a farm-in arrangement to develop the asset, utilising their financial and technical capabilities. This asset has significant 2P reserves and existing wells have been drilled. The intention is to conclude a joint venture agreement to enable Sirius and its partner to farm-in to the equity available in this Block. This would give Sirius a significant increase in its reserve base and Sirius would look to take advantage of the lower oil service costs to develop the asset.The Ororo Field (OML 95) remains a highly attractive initial development asset for the Company. The advantageous marginal field fiscal regimes, coupled with lower development costs and decreasing rig rates, make the asset both economical at both current crude oil prices and also at significantly lower prices. The Company continues to hold discussions with parties regarding investment in the Ororo Field. Within the identified structures, there is a large amount of potential upside from deeper structures which the Company is very keen to exploit.OutlookSirius, with the assistance of its broker, financial advisors and technical partners has made progress in attracting investment in a difficult oil market. The decision to terminate discussions with Nima International Ltd was made to maximise shareholder value from Sirius' current assets and the significant pipeline of assets available going forward.The Directors believe that the expected regulatory changes within Nigeria, as a result of the recent election, will make it more attractive to the international community and allow indigenous companies to participate in substantial opportunities in Nigeria's oil and gas sector.

[thundercat1] 04/9/2015 07:14

Sirius Petroleum Plc.("Sirius" or the "Company")Final Results for the year ended 31 December 2014Sirius (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces its Final Results for the twelve-month period ended 31 December 2014. During the period, the Company's focus has been on reviewing the opportunities available to the Company, both in terms of assets in Nigeria and the optimum financing and long-term strategy for developing those assets.Overview -- The Company's core corporate strategy is, working alongside financial and technical industry partnerson a joint farm-in basis, to exploit larger oil blocks in Nigeria. The Company also continues to monitor the award of upcoming marginal fields to be auctioned by the Department of Petroleum Resources in Nigeria, who are indigenous partners; -- Continue the development work completed on the Company's first marginal field, the Ororo Field, located in OML95, to optimise the well entry plans and field development; -- Appointment of Havoc Partners LLP as technical advisor to the Company and appointment of Jon Taylor and Alan Stein to the Technical Advisory Committee to strengthen the Company's in-house core competency; -- Marketing Agreement signed with BTG Pactual Commodities to off-take the Company's crude; -- Sirius has grown its local Nigerian team adding strong oil experience and developing key local relationships to enable Sirius to exploit the significant oil and gas opportunities available to indigenous companies in Nigeria; and -- A facility has been agreed with Calvet International, a family office, to assist the Company with its working capital requirements. Corporate Strategy UpdateThe Board has been actively reviewing the optimum strategy for Sirius in light of the current economic climate and lower oil prices. There remains a significant number of opportunities available to smaller E&P Companies in Nigeria and the Government's drive for the development of assets by indigenous companies sees Sirius well placed. Since the Company's inception, the focus has been on developing the right relationships to ensure that the Company can access assets not readily available to international companies.The Company is in discussions with regard to the participation in a significant oil block located in the shallow waters of the Niger Delta Basin on Nigeria's continental shelf. Our technical team, in collaboration with Havoc Partners, has begun full technical due diligence in order to review the optimum development strategy.The Company is in discussions with a number of parties with a view to a farm-in arrangement to develop the asset, utilising their financial and technical capabilities. This asset has significant 2P reserves and existing wells have been drilled. The intention is to conclude a joint venture agreement to enable Sirius and its partner to farm-in to the equity available in this Block. This would give Sirius a significant increase in its reserve base and Sirius would look to take advantage of the lower oil service costs to develop the asset.The Ororo Field (OML 95) remains a highly attractive initial development asset for the Company. The advantageous marginal field fiscal regimes, coupled with lower development costs and decreasing rig rates, make the asset both economical at both current crude oil prices and also at significantly lower prices. The Company continues to hold discussions with parties regarding investment in the Ororo Field. Within the identified structures, there is a large amount of potential upside from deeper structures which the Company is very keen to exploit.OutlookSirius, with the assistance of its broker, financial advisors and technical partners has made progress in attracting investment in a difficult oil market. The decision to terminate discussions with Nima International Ltd was made to maximise shareholder value from Sirius' current assets and the significant pipeline of assets available going forward.The Directors believe that the expected regulatory changes within Nigeria, as a result of the recent election, will make it more attractive to the international community and allow indigenous companies to participate in substantial opportunities in Nigeria's oil and gas sector.Sirius Petroleum Plc.("Sirius" or the "Company")Final Results for the year ended 31 December 2014Sirius (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces its Final Results for the twelve-month period ended 31 December 2014. During the period, the Company's focus has been on reviewing the opportunities available to the Company, both in terms of assets in Nigeria and the optimum financing and long-term strategy for developing those assets.Overview -- The Company's core corporate strategy is, working alongside financial and technical industry partnerson a joint farm-in basis, to exploit larger oil blocks in Nigeria. The Company also continues to monitor the award of upcoming marginal fields to be auctioned by the Department of Petroleum Resources in Nigeria, who are indigenous partners; -- Continue the development work completed on the Company's first marginal field, the Ororo Field, located in OML95, to optimise the well entry plans and field development; -- Appointment of Havoc Partners LLP as technical advisor to the Company and appointment of Jon Taylor and Alan Stein to the Technical Advisory Committee to strengthen the Company's in-house core competency; -- Marketing Agreement signed with BTG Pactual Commodities to off-take the Company's crude; -- Sirius has grown its local Nigerian team adding strong oil experience and developing key local relationships to enable Sirius to exploit the significant oil and gas opportunities available to indigenous companies in Nigeria; and -- A facility has been agreed with Calvet International, a family office, to assist the Company with its working capital requirements. Corporate Strategy UpdateThe Board has been actively reviewing the optimum strategy for Sirius in light of the current economic climate and lower oil prices. There remains a significant number of opportunities available to smaller E&P Companies in Nigeria and the Government's drive for the development of assets by indigenous companies sees Sirius well placed. Since the Company's inception, the focus has been on developing the right relationships to ensure that the Company can access assets not readily available to international companies.The Company is in discussions with regard to the participation in a significant oil block located in the shallow waters of the Niger Delta Basin on Nigeria's continental shelf. Our technical team, in collaboration with Havoc Partners, has begun full technical due diligence in order to review the optimum development strategy.The Company is in discussions with a number of parties with a view to a farm-in arrangement to develop the asset, utilising their financial and technical capabilities. This asset has significant 2P reserves and existing wells have been drilled. The intention is to conclude a joint venture agreement to enable Sirius and its partner to farm-in to the equity available in this Block. This would give Sirius a significant increase in its reserve base and Sirius would look to take advantage of the lower oil service costs to develop the asset.The Ororo Field (OML 95) remains a highly attractive initial development asset for the Company. The advantageous marginal field fiscal regimes, coupled with lower development costs and decreasing rig rates, make the asset both economical at both current crude oil prices and also at significantly lower prices. The Company continues to hold discussions with parties regarding investment in the Ororo Field. Within the identified structures, there is a large amount of potential upside from deeper structures which the Company is very keen to exploit.OutlookSirius, with the assistance of its broker, financial advisors and technical partners has made progress in attracting investment in a difficult oil market. The decision to terminate discussions with Nima International Ltd was made to maximise shareholder value from Sirius' current assets and the significant pipeline of assets available going forward.The Directors believe that the expected regulatory changes within Nigeria, as a result of the recent election, will make it more attractive to the international community and allow indigenous companies to participate in substantial opportunities in Nigeria's oil and gas sector.Sirius Petroleum Plc.("Sirius" or the "Company")Final Results for the year ended 31 December 2014Sirius (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces its Final Results for the twelve-month period ended 31 December 2014. During the period, the Company's focus has been on reviewing the opportunities available to the Company, both in terms of assets in Nigeria and the optimum financing and long-term strategy for developing those assets.Overview -- The Company's core corporate strategy is, working alongside financial and technical industry partnerson a joint farm-in basis, to exploit larger oil blocks in Nigeria. The Company also continues to monitor the award of upcoming marginal fields to be auctioned by the Department of Petroleum Resources in Nigeria, who are indigenous partners; -- Continue the development work completed on the Company's first marginal field, the Ororo Field, located in OML95, to optimise the well entry plans and field development; -- Appointment of Havoc Partners LLP as technical advisor to the Company and appointment of Jon Taylor and Alan Stein to the Technical Advisory Committee to strengthen the Company's in-house core competency; -- Marketing Agreement signed with BTG Pactual Commodities to off-take the Company's crude; -- Sirius has grown its local Nigerian team adding strong oil experience and developing key local relationships to enable Sirius to exploit the significant oil and gas opportunities available to indigenous companies in Nigeria; and -- A facility has been agreed with Calvet International, a family office, to assist the Company with its working capital requirements. Corporate Strategy UpdateThe Board has been actively reviewing the optimum strategy for Sirius in light of the current economic climate and lower oil prices. There remains a significant number of opportunities available to smaller E&P Companies in Nigeria and the Government's drive for the development of assets by indigenous companies sees Sirius well placed. Since the Company's inception, the focus has been on developing the right relationships to ensure that the Company can access assets not readily available to international companies.The Company is in discussions with regard to the participation in a significant oil block located in the shallow waters of the Niger Delta Basin on Nigeria's continental shelf. Our technical team, in collaboration with Havoc Partners, has begun full technical due diligence in order to review the optimum development strategy.The Company is in discussions with a number of parties with a view to a farm-in arrangement to develop the asset, utilising their financial and technical capabilities. This asset has significant 2P reserves and existing wells have been drilled. The intention is to conclude a joint venture agreement to enable Sirius and its partner to farm-in to the equity available in this Block. This would give Sirius a significant increase in its reserve base and Sirius would look to take advantage of the lower oil service costs to develop the asset.The Ororo Field (OML 95) remains a highly attractive initial development asset for the Company. The advantageous marginal field fiscal regimes, coupled with lower development costs and decreasing rig rates, make the asset both economical at both current crude oil prices and also at significantly lower prices. The Company continues to hold discussions with parties regarding investment in the Ororo Field. Within the identified structures, there is a large amount of potential upside from deeper structures which the Company is very keen to exploit.OutlookSirius, with the assistance of its broker, financial advisors and technical partners has made progress in attracting investment in a difficult oil market. The decision to terminate discussions with Nima International Ltd was made to maximise shareholder value from Sirius' current assets and the significant pipeline of assets available going forward.The Directors believe that the expected regulatory changes within Nigeria, as a result of the recent election, will make it more attractive to the international community and allow indigenous companies to participate in substantial opportunities in Nigeria's oil and gas sector.Sirius Petroleum Plc.("Sirius" or the "Company")Final Results for the year ended 31 December 2014Sirius (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces its Final Results for the twelve-month period ended 31 December 2014. During the period, the Company's focus has been on reviewing the opportunities available to the Company, both in terms of assets in Nigeria and the optimum financing and long-term strategy for developing those assets.Overview -- The Company's core corporate strategy is, working alongside financial and technical industry partnerson a joint farm-in basis, to exploit larger oil blocks in Nigeria. The Company also continues to monitor the award of upcoming marginal fields to be auctioned by the Department of Petroleum Resources in Nigeria, who are indigenous partners; -- Continue the development work completed on the Company's first marginal field, the Ororo Field, located in OML95, to optimise the well entry plans and field development; -- Appointment of Havoc Partners LLP as technical advisor to the Company and appointment of Jon Taylor and Alan Stein to the Technical Advisory Committee to strengthen the Company's in-house core competency; -- Marketing Agreement signed with BTG Pactual Commodities to off-take the Company's crude; -- Sirius has grown its local Nigerian team adding strong oil experience and developing key local relationships to enable Sirius to exploit the significant oil and gas opportunities available to indigenous companies in Nigeria; and -- A facility has been agreed with Calvet International, a family office, to assist the Company with its working capital requirements. Corporate Strategy UpdateThe Board has been actively reviewing the optimum strategy for Sirius in light of the current economic climate and lower oil prices. There remains a significant number of opportunities available to smaller E&P Companies in Nigeria and the Government's drive for the development of assets by indigenous companies sees Sirius well placed. Since the Company's inception, the focus has been on developing the right relationships to ensure that the Company can access assets not readily available to international companies.The Company is in discussions with regard to the participation in a significant oil block located in the shallow waters of the Niger Delta Basin on Nigeria's continental shelf. Our technical team, in collaboration with Havoc Partners, has begun full technical due diligence in order to review the optimum development strategy.The Company is in discussions with a number of parties with a view to a farm-in arrangement to develop the asset, utilising their financial and technical capabilities. This asset has significant 2P reserves and existing wells have been drilled. The intention is to conclude a joint venture agreement to enable Sirius and its partner to farm-in to the equity available in this Block. This would give Sirius a significant increase in its reserve base and Sirius would look to take advantage of the lower oil service costs to develop the asset.The Ororo Field (OML 95) remains a highly attractive initial development asset for the Company. The advantageous marginal field fiscal regimes, coupled with lower development costs and decreasing rig rates, make the asset both economical at both current crude oil prices and also at significantly lower prices. The Company continues to hold discussions with parties regarding investment in the Ororo Field. Within the identified structures, there is a large amount of potential upside from deeper structures which the Company is very keen to exploit.OutlookSirius, with the assistance of its broker, financial advisors and technical partners has made progress in attracting investment in a difficult oil market. The decision to terminate discussions with Nima International Ltd was made to maximise shareholder value from Sirius' current assets and the significant pipeline of assets available going forward.The Directors believe that the expected regulatory changes within Nigeria, as a result of the recent election, will make it more attractive to the international community and allow indigenous companies to participate in substantial opportunities in Nigeria's oil and gas sector.

[ghost of mclellan] 03/9/2015 23:51

ah harris you little shyster you, I've missed your negativity

I may haunt you for a bit, flick your ears every now and then and make you smell like bad farts

oh wait, you dooooooooooooooooooooooooooooooooo

ooooooooooooooooo ooooooooo oo oooooooooo

[harris2000] 03/9/2015 23:40

And if I were a deramper here, it would only mean I'm a lot smarter than you dupes.

Taken from the top, you've made a 95% loss on your investment.

Allowing for rent, I'd then have made a 1,500% gain on mine.

So, who is the idiot?

(lol)

[rod99] 03/9/2015 21:00

Can all the long term investors in srsp please stop replying to these mclellan morons, or as I suspect just one person. Their sole aim is to disrupt this board due to the J.V news we all expect shortly. Please just filter them and hopefully they will go away.

[ghost of mclellan] 03/9/2015 17:27

alex turner petty hateful dude

why all the hate?
can't you get a date?
chasing after a so called ramper
you're not a very happy camper

whilst up here in heaven
I feast on steak and wine
when your time comes
I'll invite you to dine

but you may go the other way
and end up down below
and you shall watch in shock and awe
when sirius starts to blow

woooooooooooooooooooooooooooooo

ooooooooooooooooooooo

oo

[alex turner phd] 03/9/2015 17:24

Tadpoles are not welcome to comment. STFU and FOAD, politely.

[mgsjarvis] 03/9/2015 17:18

My average is around 0.89 not that's its any of your concern. But unlike you I'm transparent and have no hidden agendas. Yet another individual who thinks he knows everything about everyone but knows so little. For more transparency my total outlay for those shares was £3013.94 and I'm currently sitting on a loss of £898.67. Not that I am in any way bothered about current losses.