Sirius Petroleum Share Discussion Threads

[jimduggan] 29/11/2015 21:39

good week this week

[jimduggan] 29/11/2015 21:11

Does anyone know when this percentage is legally ratified?

[jimduggan] 29/11/2015 21:10

addition to applying for the well permit, Guarantee Petroleum, Owena Oil & Gas and Sirius Petroleum intend to apply to the Ministry of Petroleum Resources in Nigeria to legally ratify Sirius Petroleum’s 40% participatory interest in the Ororo field. This is subject to the amendment or waiver of certain terms of the FTSA, which have been highlighted by a recent review of the FTSA by all the parties, in order to confirm each of their rights and economic interests under the FTSA, which comprises Sirius Petroleum’s 40% interest, Guarantee Petroleum’s 32% interest, and Owena Oil and Gas’ 28% interest.
Sirius Petroleum added that the Nigerian oil and gas industry has the full support of the new government administration, which has refocused the regulators, the Nigerian National Petroleum Corporation and the DPR, to work closely with indigenous companies to bolster the nation’s natural resources production. This initiative perfectly aligns with the company’s strategy to build a significant portfolio of producing assets through local partnerships.

[micky and syrup] 29/11/2015 21:07

It's gas!!

[epe dokita] 29/11/2015 20:47

What are your thoughts Mr. Trader1000?Where do you see this going?

[cornishtrader1000] 29/11/2015 20:40

And tell us why 25p is on target

[cornishtrader1000] 29/11/2015 20:40

Cue DrRosso to expand!

[solution0] 29/11/2015 20:18

Jumbo ,,,,,
Your posts are actually getting informative & dare I say interesting,
Keep it up mate.

[jimduggan] 29/11/2015 19:07

Some info on the first well at Ororo ...................................................................................... AVAILABLE DATA ON ORORO MARGINAL FIELD (OML-95) INTRODUCTION: Ororo Marginal field was allocated to the duo of Guarantee Petroleum Company Limited (Operator) and Owena Oil & Gas Limited on the 25th of February, 2003 with the following percentage holdings. Guarantee Petroleum Company Limited 55% Owena Oil & Gas Limited 45% Guarantee Petroleum Limited�s main objective is to exploit and produce the proven oil and gas reserves in Ororo field. The company�s desire is to add to the Nigeria�s crude oil export, boost the oil and gas production capacity of the Country and improve profitability and shareholders interest in the Company. AVAILABLE DATA ON ORORO FIELD: The following lists of the data are available for the field study. 1. 3D SEISMIC SECTIONS 2. WIRELINE LOGS: Digitized Wire line Logs data were provided in LAS Format for the following: DEPTH, CALI, DT, GR, SP, ILD, ILM, LL3, LLD, LLS, MSFL, NPHI, and RHOB. 3. REPORTS � Daily Drilling Report � Well Test Report � Preliminary Geologic Statement WELL SUMMARY NAME: Ororo-1 LOCATION: Offshore Niger Delta OML: 95 JV COMPANY: Chevron Nigeria Limited WATER DEPTH: 25FT TYPE OF WELL: Exploration (Wildcat) TOTAL (Well) DEPTH: 10, 250ft (3,124metres) The well, Ororo-1 was spudded on March 7, 1986, and was suspended as oil and gas discovery. FIELD/WELL HISTORY: Ororo-1 was drilled as a straight well to a total depth of 10,250ft (3124 meters). The well is located offshore at about 6.5 km from the coast in the shallow, north-eastern margin of OML 95 in a water depth of about 25ft (7.62m). The well discovered 16.8m (55ft) net oil and 40m (131ft) net gas in 7 sands. It is very close to such big fields like Parabe (8.25km South-West of Ororo), Isan (8.0km North of Ororo) and Isan West (4.25km North-East of Ororo). OML 95 is bordered by the following OMLs: OML POSITION OPERATOR 49 North-east Chevron 90 South-east Chevron 103 North Consolidated 108 South-west Express 109 South Atlas 110 West & North-west Cavendish FIELD RESERVES SUMMARY The recently completed studies depicted the field reserves as shown hereunder. Reserves Table: P10 P50 P90 STOOIP (MMBO) 73.37 60.57 25.58 RESERVES (MMBO) 25.68 21.20 8.95 GIIP (BCF) 69.44 69.41 69.39 RESERVES (BCF) 48.61 48.60 48.57 SOLUTION GAS (BCF) 70.30 62.17 22.90 NOTE: Please note that no new well has been drilled. However, based on information and knowledge from nearby fields in the area and the Niger Delta in general, these reserves figures will change positively upward when new wells are drilled. DISTANCE TO NEARBY FIELDS/PRODUCTION PLATFORMS: FIELDS KMS. OML OPERATOR COAST 6.5 - - MINA 7.0 95 Chevron PARABE 5.0 95 Chevron ISAN WEST3.0 49 Chevron ISAN 5.0 49

[jimduggan] 29/11/2015 15:40

5 by 2 miles

[htrocka2] 29/11/2015 14:32

Does anyone know how large, area wise, ORORO is? as there are at least four other Chevron wells producing in OML95.

[drrichard] 29/11/2015 11:45

Nice work, Jim. Brightens up a dull Sunday morning, that is for sure.
So, GP on board, DPR permit in, EIA completed and local community on board. Anyone still think we are not going ahead?

[herman_m] 29/11/2015 11:03

Good spot re the Guarantee website Jim. That's the kind of update we would appreciate from SRSP. Makes me wonder why they haven't shared the good progress???"We have completed EIA on the field.Our Community Relations Strategy of inclusiveness endeared us to all.Drilling of Ororo-2 Proposed Well is slated for 1st Quarter of 2016"

[htrocka2] 29/11/2015 10:26

'Ht, you don't know what's been going on down there on the field'


At least your right on that point...however, I doubt the 12 employees on the company books are spending their days on Internet poster boards.

[jimduggan] 29/11/2015 00:06

Cheers Chris

[chris shiherlis] 29/11/2015 00:00

Thundersley give it a rest pal

[thundercat1] 28/11/2015 23:44

Jimduggan - 28 Nov 2015 - 21:57 - 39991 of 39998 - 0I reckon volume up next weekRns following weekYou heard it here first lmfao.

[thundercat1] 28/11/2015 23:36

Shut it dim Jim you ain't a scooby what your talking about! You've changed your mind more than the British weather when's your next failed rns prediction ? Bellend!

[drrichard] 28/11/2015 23:08

Indeedy, my friend.

[htrocka2] 28/11/2015 23:03

Case in point.



And the final data is still incomplete.