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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirius Petroleum Plc | LSE:SRSP | London | Ordinary Share | GB00B03VVN93 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/8/2016 19:56 | San Leon are in the process of acquiring oml 18 from Shell...I posted this just to show the possibilities surrounding the issuing an AD... 'San Leon shares have been suspended since early 2016, but the company said it will seek the restoration of its shares to trading on AIM once an admission document detailing the transaction has been published' | htrocka2 | |
22/8/2016 13:34 | Be sure that Havoc-BTG-Schlumberg | dr rosso | |
22/8/2016 12:17 | interesting.. 'accepts any proposal resulting in a change of control of the Company or...' A couple of points...Havoc have agreed and signed up to all these deferrals however the above one is interesting if combined with a statement made by the BOD below. "I am pleased that the interests of Havoc will be aligned with the Company and its shareholders so that all can benefit from any future upside in the Company's growth." The emphasis being on.. 'the future upside in the Company's growth'. IF a potential buyer of the company obtains at least 75% of SRSP...he is then designated as total owner therefore 'acceptance of proposal in change of control' is of no consequence....howev | htrocka2 | |
22/8/2016 10:42 | "Included in accruals is a liability to Havoc Services Pty Ltd of $454,000 (2014: $191,000) for technical services provided. Payment of this amount is deferred until: a)............. b)................ c) accepts any proposal resulting in a change of control of the Company or d) .............. | 1alfi | |
22/8/2016 10:41 | Floats my boat 1alfie. | drrichard | |
22/8/2016 10:32 | News flow to raise share price to 2p - Cash warrants to raise monies and from these monies pay accruals and any outstanding debts - sell company for loads of dosh - everybody happy | 1alfi | |
22/8/2016 09:32 | D salaries £1m payable in cash BEFORE the Co. starts production activity ie drilling. Forthcoming AD could contain a proposed 50m issued at 2p platform rerate in order to clear the debt as a pre-condition to forming NewCo. Note how the Havoc accrual is being dealt with in a different way. | dr rosso | |
22/8/2016 09:25 | "Included in accruals is a liability to Havoc Services Pty Ltd of $454,000 (2014: $191,000) for technical services provided. Payment of this amount is deferred until: a) the Company secures project funding for the next phase of Ororo field development or b) acquires an interest in a significant oil discovery offshore Nigeria or c) accepts any proposal resulting in a change of control of the Company or d) as may otherwise be mutually agreed between Havoc Services Pty Ltd and Sirius. Also included within accruals are Directors' salaries which are payable in cash upon commencement of drilling of $1,497,000 (2014: $1,599,000). There are also other amounts in both accruals and other payables which are due on commencement of drilling." | dr rosso | |
22/8/2016 09:21 | Agree DrR. Companies funding drilling expenses would not expect to pay accrued Director's salaries up front, I think. | drrichard | |
22/8/2016 09:15 | Odd that various parties are to be paid off at commencement of drilling. At that point there's obviously no oil revenue coming in. It's as if there'll be a NewCo formed which wants nothing to do with paying off previous debts ie accruals. So where's $1.5m cash coming from? Another oddity is that the Co. declared a need to raise £400k working capital in July. The opp was there to issue the remaining allotment of 125m at 0.32p. Yet it never happened, and we've now gone past the 5 Aug expiry date. | dr rosso | |
22/8/2016 07:44 | that document (confirmation statement) is the new annual return format section 3.3 caught my eye.. "In situations where companies don’t have a PSC or can’t provide confirmed details of their PSC, one of a number of possible statements must be entered into the PSC register." | witchywoo | |
22/8/2016 07:40 | The due date for an annual return is usually a year after either the incorporation of a company or the date when the previous annual return was filed. According to the Companies House website, Sirius Petroleum's annual return made up to July 16 was due by August 13. The annual return is marked "overdue" on Companies House. An annual return must include details of a company's directors, a description of what the company does, and its registered address, among other information. | dr rosso | |
22/8/2016 00:06 | 1sonic This hxxps://s3-eu-west-1 | fazertracy | |
21/8/2016 23:45 | Srsp filed a confirmation statement at companies house on the 17th August. | 1sonic | |
21/8/2016 23:20 | Bron.... The way I read it is that all the Accruals have been lumped into the drilling costs and included as part of the 88% preferential, tax holiday, hydrocarbon payment. from the 2015 Results.. (it's straight forward enough...irrespectiv 'Also included within accruals are Directors’ salaries which are payable in cash upon commencement of drilling of $1,497,000 (2014: $1,599,000). There are also other amounts in both accruals and other payables which are due on commencement of drilling.' In short....NO ONE gets remunerated 'back pay' of salaries, etc, untill the drill bit hits TD. (except of course unless the drilling company gets a bit of up front cash to cover initial overheads) | htrocka2 | |
21/8/2016 21:56 | maybe commencement of drilling simultaneously kicks everything else off and so the money would then be available.Drilling is to be paid for from oil and gas flowing if it's a service company like schlumb so any money to pay for accruals has to come from elsewhere.The jury is still out for me on just how much money Sirius have had over the years and what could of been done with that money.Its all speculation Alfie ,as ever we all await the company to update us and the longer it drags on the more I am convinced what the end game is. | bronislav | |
21/8/2016 20:57 | Bron - can we commence drilling without having cash to pay accruals. Announce funding package - raise share price to 2p - cash warrants - pay accruals - commence drilling | 1alfi | |
21/8/2016 20:43 | Our initiative ties in with our strategy to build a significant portfolio of oil and gas producing assets through local PARTNERSHIPS.Just need ororo to flow and we will have a full house. | bronislav | |
21/8/2016 20:42 | Rather ten p or not ten p stuff 2p | aventador | |
21/8/2016 20:27 | 2p warrents cashed could bring in enough cash to pay accruals - no need for further dilution. | 1alfi | |
21/8/2016 20:23 | Agreed Bron. You have to hope that the days of issuing shares at rock bottom prices to Calvet, Cornhill and others are now over. With lots of far less dilutive 2p warrants in important people's hands (and nearly £6m potential working capital once exercised), let's hope the Board seeks to align any further equity raises towards a much rerated share price on funding news. Not issuing the remaining 125m shares @ 0.25p before 5th August was a move in the right direction. | sherl0ck | |
21/8/2016 20:03 | 2p or not 2p. that is the question. | bronislav | |
21/8/2016 18:01 | This could have some effect. One way or another: | qprallan |
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