Sirius Petroleum Share Discussion Threads

[jimduggan] 22/11/2015 10:40

Sirius taglient has been a stumbling block in past deals

[jenny tulwought] 22/11/2015 10:14

You're a close 2nd.

[chris shiherlis] 22/11/2015 08:56

Tune to cheer us all up whilst Mr Neal tries to work his magic.

Lets hope he can pull it off.

[chris shiherlis] 22/11/2015 08:41

Which past funder mate

[jimduggan] 22/11/2015 08:09

The workings of the people behind Sirius are showing a hell of a lot of arrogance

This arrogance could be seen as confidence and the self belief that nothing can stop them.
They could either be sitting on a gold mine or they could be sending us all down the river with out a care in the world

To not follow through on all the past contracts and promises must either be one of the above
I believe that it is that they are sitting on a gold mine

I also believe that a past funding partner will come back on board sooner rather than later

[mrmclellan] 22/11/2015 01:52

Anyone know what happened to mclellan, and why?

[chris shiherlis] 21/11/2015 22:08

Totally agree and the less they tell us the more this will slide.

They obviously have no interest at all in oil production otherwise they would have given more information about the rig, spud dates etc. Nothing but radio silence.

Who are these people accountable to? Certainly not the shareholders.

Keep trotting the same old garbage out, people will only swallow that for so long.

Pork Sword, Rear Hatch, Masters.

[dr rosso] 21/11/2015 21:45

Whether it's Plan A t/o, Plan B jv, or Plan C go-it-alone via bond route, they'll get there. Decision time looming as to how best to proceed towards endgame. Market is far from impressed by the uncertainty and cover-ups.

[chris shiherlis] 21/11/2015 21:18

Good post topgun easy to be negative when the company have done such a wonderful job but still have to have a bit of faith.

[cornishtrader1000] 21/11/2015 20:20

You watching Xfactor again Jim

[ruedolf] 21/11/2015 13:07

"Potholepete 21 Nov'15 - 11:34 - 39678

Share Registrars are Capita Asset Services I believe they have computers there so the Annual Return should have been no problem - unless someone had something to hide. "

All depends on the service you pay for..... The bigger companies would pay these guys $500,000 a year to look after every thing ..

... But for a cash strapped company like srsp that can't even afford to pay their staff ..... I'd imagine srsp will be using their cheaper ' Yellow pack verison' for say $ 5000 a year where srsp will have to provide Capita the information

A recent RNs shows the difficulty srsp are at maintaining their share register
" 12 October 2015

Sirius Petroleum Plc.

("Sirius" or the "Company")

Total Voting Rights - Correction

In accordance with DTR5.6.1 the Company's issued share capital consists of 1,696,362,856 ordinary shares with voting rights. The Company does not hold any shares in treasury, therefore, the total number of voting rights in the Company is 1,696,362,856. This figures replaces the incorrect enlarged issued share capital figure as previously announced on 30 September 2015. "
"

[htrocka2] 21/11/2015 12:39

Ruedolf.....it doesn't seem to worry any one.


You can file your annual return up to 28 days after the due date.


You can be fined up to £5,000 and your company struck off if you don’t send Companies House your annual return.


'The company has recently became aware that the Annual Return as at 16 July 2015 had not been filed at Companies House. The Company is taking steps to resolve this and expects to file the Annual Return today. '


It would have been pointless to have posted them on the above date...the whole share register has changed in the last month or so.

[potholepete] 21/11/2015 11:34

"The company has issued so many shares recently that its very likely they are having difficulty in maintaining the share register....."


Don't be silly Ruedolf. SRSP Share Registrars are:

Capita Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU

and I believe they have computers there so the Annual Return should have been no problem - unless someone had something to hide.

[ruedolf] 21/11/2015 11:25

" Sherl0ck 20 Nov'15 - 21:04 - 39675

I might be wrong but I suspect these rules relate only to the actual annual accounts rather than the companies house annual return. Two very different things. "

Sherlock is correct ' the closed period ' relates to the accounts of the company not the annual return...... The company is out of its closed period and the accounts were submitted to the companies house back in August.

The main issue in the annual return is reporting the amount of shares issued and the current list of shareholders.

The company has issued so many shares recently that its very likely they are having difficulty in maintaining the share register.....

...with 1.7 billion shares now sloshing around and the likes of the Doc and Jim buying in batches of shares at £200 and £95 a time .... it would take a small army to track the movements of shares for the share register.

With the vary small team now at srsp and Pryde acting as chairman and temporary finance director its understandable why there is a delay in submitting the annual return.

[htrocka2] 21/11/2015 10:10

An Annual Report is more important than Annual Results. Both can be integrated, but usually Annual Results/Reports are sent out separately.

SRSP stated that failure to register was an oversight...yet HM Gov, sent a mandatory Email to remind them prior before the due date.


(ps...don't read this...if you want to sleep tonight)


'You can file your annual return up to 28 days after the due date.' (14th Dec)
(pps... SRSP seem to think that they can treat HM.GOV like a mushroom pi shareholder......wrong again)

'It costs £13, which can be paid by credit card or PayPal.' (maybe they're waiting to issue 44k shares to raise the £13?)


There may well have been a lot of clandestine share shuffling during the year...but H.M.GOV wants to know exactly who owns what....info that we're not privy to.




In one of my previous posts I emphasised the necessity for an Appraisal Drill in that 'other' parties need to know what's down there....It seems that one of those 'other' parties may well be the Government themselves.....looking for known gas quantities.

[sherl0ck] 20/11/2015 21:04

I might be wrong but I suspect these rules relate only to the actual annual accounts rather than the companies house annual return. Two very different things.

[htrocka2] 20/11/2015 20:21

On the other hand, having done a bit of research. I've come to realise that the company may not deal in its own shares within the closed period, which includes issue of shares, in the company two months prior to releasing the Report. The last dealings in shares was AJAYs 25m @ 0.4p on November 2nd...and you'd need to go back, possibly to last year, to try and find a 2 month window were the company did not issue any shares. If my analysis is right, we may not get the Report registered until January 3rd 2016....which of course means that they'll not be allowed to issue any more shares until after that date.(thank God)(Just my opinion of course)




close period


(i) The period of two months preceding the publication of an AIM company’s annual accounts pursuant to rule 19 (or, if shorter, the period from its financial year end to the time of publication); and