Sirius Petroleum Share Discussion Threads

[carados] 03/9/2016 17:44

Of course if Dr Rossos hunch don't come off where does that leave his credibility on this board?😢

[carados] 03/9/2016 17:31

Thank you sonic☺ I'm really hoping Dr Rossi is right☺

[1sonic] 03/9/2016 17:13

Carados - 8th or 9th of September. 32 hours left!

[carados] 03/9/2016 16:51

Could somebody please update me on how many hours of the 72 hours trading are left on Dr Rossos post☺☺☺

[casio91] 03/9/2016 14:59

Whats the difference between SRSP and Cristiano Ronaldos face?

Ronaldos face has lots of oil

[superhuperdrugdealer] 03/9/2016 11:20

The Bottom line......You should be able to see where this is headed.


Down obviously..
Trend is down from 9p to a decimal stock.

[htrocka2] 03/9/2016 11:15

Owena Oil and Gas

The Ondo State Commissioner for Finance....Chairman Owena Oil and Gas

The Ex Schlumberger MD................Senior Special Advisor to the above

Governor of Ondo state................(not quite sure what his role is...yet) but states..
'his administration will continue to sustain it for the benefit of the state and the country.'

SRSP............mentions all the above.



Yele Ogundipe, Chairman of Owena, is the Commissioner for Finance for Ondo State. The Managing Director, Goke Adeniyi, is the Senior Special Advisor (Oil & Gas) for Ondo State having previously worked at Schlumberger Nigeria for a number of years before retiring as its Managing Director in 2008. Chevron, the international oil major, has been operating in the coastal area of the state, and has continued to enjoy a peaceful and mutual relationship with the government and people of the area.

According to the Governor, Ondo State is one of the most peaceful states in the oil-rich regions of the country and his administration will continue to sustain it for the benefit of the state and the country.





'The All Progressives Congress (APC) in Ondo State has urged the government to publish a report on its finances in the last six years, particularly the oil block (OPL) 241.'




The Bottom line......You should be able to see where this is headed.

[superhuperdrugdealer] 03/9/2016 11:12

It's carrera or that other limp username Thundercat1

[aventador] 03/9/2016 07:03

It's granite tim

[klievas] 02/9/2016 23:31

??.......????? And i M the lucky one bought in 0.325

[ruedolf] 02/9/2016 23:21

" In the context of Rule 14 of the AIM Rules for Companies, any acquisition(s) in a 12 month period which for an AIM company would:

exceed 100% in any of the class tests (AIM) ;


result in a fundamental change in its business, board or voting control; or


in the case of an investing company, depart materially from its investing policy (as stated in its admission document or approved by shareholders in accordance with these rules) "

A reverse takeover under rule 14 ... is probably in srsp case simply a change from an investment company to a oil production company ... on the farming in to ororo for 40%.

[htrocka2] 02/9/2016 23:06

I did mention that a couple of days ago...but it went down like a lead balloon.



'Notice also that that altered 1st para refers to OML95, not Ororo. The block, not just the field, being brought into production. Just what is going on?


however, this might add to the reference. The Owena Oil and Gas ties might be closer than we think.(note how they refer to them as 'partners'...and this is in 2011)


'Owena continues to enjoy preferential access to oil fields in the state thanks to the Nigerian government's push to allocate proven oil fields to indigenous Nigerian companies.'....so it's not just 241 (it's a virtual quote from SRSP)


Information on Owena and Guarantee - The Ororo Field Partners

Owena Oil and Gas is a government vehicle owned by Ondo State set up to hold interests in Ondo State's oil and gas assets. Ondo State is an oil producing state in the South West of Nigeria where many of Chevron's assets are in production, and Owena continues to enjoy preferential access to oil fields in the state thanks to the Nigerian government's push to allocate proven oil fields to indigenous Nigerian companies.

Yele Ogundipe, Chairman of Owena, is the Commissioner for Finance for Ondo State. The Managing Director, Goke Adeniyi, is the Senior Special Advisor (Oil & Gas) for Ondo State having previously worked at Schlumberger Nigeria for a number of years before retiring as its Managing Director in 2008. Chevron, the international oil major, has been operating in the coastal area of the state, and has continued to enjoy a peaceful and mutual relationship with the government and people of the area.

According to the Governor, Ondo State is one of the most peaceful states in the oil-rich regions of the country and his administration will continue to sustain it for the benefit of the state and the country.

Guarantee Petroleum, an indigenous company designated as Operator of the Ororo field, is well-placed to participate in the marginal field programme. The Chairman, Dr Samuel. O. Omobomi graduated with a Ph.D. in Economics from New York University and sits on the board of several companies including West African Breweries Ltd, Peugeot Automobile Nigeria Ltd, Wema Bank Plc, and Ecobank Nigeria Plc. Other board members include Professor Emmanuel. A. Fayose, a professor of geology and an exploration geologist, and Mr Odion Abayomi Unuigbe who retired as the Financial Controller of Corporate Trust Group, Lagos before he left to start his Accounting Practice.

This information is provided by RNS

[dr rosso] 02/9/2016 22:37

Notice also that that altered 1st para refers to OML95, not Ororo. The block, not just the field, being brought into production. Just what is going on? is this the Sirius-BTG-Chevron deal to get the smaller 95 fields producing too?

The really big news here is that Sirius is surely lined up to merge into Owena and so gets the prepared Block 241 containing well over 1bbn.

Looks like GP may have been booted out as operator, poss altogether. Alternatively GP takes a stake in the spv subsidiary being created. See SLE/Eroton for the way it works. Let's say SPV takes 80% of Ororo, with incoming jv partner taking 20%. Sirius would have a 50% equity stake in SPV, giving it a 40% indirect interest in the field. Who puts up a big lump of the funding?.. jv partner eg Schlumberger sticking in £7m or so.

[dr rosso] 02/9/2016 22:32

Let's check it again.
March 2016

Investing Strategy

The Company’s objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the oil and gas sector. In the first instance the Company is seeking to make an acquisition within a year of Admission which would be deemed a Reverse Takeover and therefore require Shareholder approval. It does not intend to make any other smaller acquisitions or investments before then. Following the initial acquisition, as the holding company of an operating business and/or oil and gas assets, complementary or unrelated acquisitions in the oil and gas sector may be made.

The Company will seek investment opportunities to exploit rights to oil and gas resources which the Directors and Proposed Director believe are undervalued and where one or more such transactions have the potential to create long term value for Shareholders. The Board intends to focus in particular on assets located in Central and Eastern Europe and Central Asia, the North Sea and Africa.

The Company will seek to acquire interests in oil and gas projects such as (but not limited to) exploration permits and licences, production licences and development projects, which may be achieved through acquisitions, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project. The Company intends to be actively involved in the management of its investments.

In addition, the Company will pursue oil trading activities where it can do so at low risk. In October 2009 the Company announced that it had been granted a licence from the Department of Petroleum Resources of the Nigerian Ministry of Petroleum Resources to import refined oil products into Nigeria. The licence was granted with effect from 30 September 2009 and permits the Company, through its subsidiary Sirius Taglient Petro Limited, to import up to 10,000 metric tonnes per shipment of petroleum oil product. The licence is renewable on a quarterly basis for a nominal fee. The purpose of obtaining the import licence was to commence trading activities with a view to producing revenues and positive cash flows whilst continuing to review additional acquisition opportunities.

The strategy of the Company will be to leverage the extensive contacts of the Board and the Company’s consultants to investigate the opportunities available to the Company with a view to identifying appropriate Target

Investments in the oil and gas sector with some or all of the following characteristics:

A strong management team;
Significant growth prospects;
The likely benefit of achieving enhanced potential from access to additional working capital;
The likelihood of benefits accruing from being part of a group with publicly traded shares;
The scope for mutually beneficial synergies between the Company’s management and any Target Investments; and
The prospect of improved financial efficiencies and controls when integrated into a larger organisation.

The Board intends to actively manage its available cash funds, following Admission, to generate income pending a Reverse Takeover.

An investment in the Company is considered by the Directors to be relatively high risk. For this reason the Directors consider the Subscription to be best suited for an investor whose investment profile meets such criteria. The Investing Strategy is intended to be long-term. If circumstances, however, arise whereby an acquired business or company may be listed in its own right, or disposed of at a suitable premium, such possibilities will be considered.

_________________________________________________________________________________

September 2016
Investing Strategy

The Company’s objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the oil and gas sector. The company is currently seeking funding to bring OML 95 in Nigeria (in which Sirius has an indirect 40% interest with its partners Guarantee Petroleum and Owena Oil & Gas) into production. If successful it is likely that Sirius would become the operator and this would trigger a reverse takeover under AiM rule 14 and require shareholder approval. Following this, complementary or unrelated acquisitions in the oil and gas sector may be made.

The Company will seek investment opportunities to exploit rights to oil and gas resources which the Directors and Proposed Director believe are undervalued and where one or more such transactions have the potential to create long term value for Shareholders. The Board intends to focus in particular on assets located in Central and Eastern Europe and Central Asia, the North Sea and Nigeria.

The Company will seek to acquire interests in oil and gas projects such as (but not limited to) exploration permits and licences, production licences and development projects, which may be achieved through acquisitions, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project. The Company intends to be actively involved in the management of its investments.

In addition, the Company will pursue oil trading activities where it can do so at low risk. In October 2009 the Company announced that it had been granted a licence from the Department of Petroleum Resources of the Nigerian Ministry of Petroleum Resources to import refined oil products into Nigeria. The licence was granted with effect from 30 September 2009 and permits the Company, through its subsidiary Sirius Taglient Petro Limited, to import up to 10,000 metric tonnes per shipment of petroleum oil product. The licence is renewable on a quarterly basis for a nominal fee. The purpose of obtaining the import licence was to commence trading activities with a view to producing revenues and positive cash flows whilst continuing to review additional acquisition opportunities.

The strategy of the Company will be to leverage the extensive contacts of the Board and the Company’s consultants to investigate the opportunities available to the Company with a view to identifying appropriate targets.

Investments in the oil and gas sector with some or all of the following characteristics:

A strong management team;
Significant growth prospects;
The likely benefit of achieving enhanced potential from access to additional working capital;
The likelihood of benefits accruing from being part of a group with publicly traded shares;
The scope for mutually beneficial synergies between the Company’s management and any Target Investments; and
The prospect of improved financial efficiencies and controls when integrated into a larger organisation.

An investment in the Company is considered by the Directors to be relatively high risk. For this reason the Directors consider the Subscription to be best suited for an investor whose investment profile meets such criteria. The Investing Strategy is intended to be long-term. If circumstances, however, arise whereby an acquired business or company may be listed in its own right, or disposed of at a suitable premium, such possibilities will be considered.

[bronislav] 02/9/2016 22:30

If its on the website then they wanted it to be found..wouldn't be too hard to get the share price up to 2p.

[dr rosso] 02/9/2016 22:14

As THE SUN would say ....

GOTCHA!


It's there. Official, in black and white. Funding = operator = rto.

[dr rosso] 02/9/2016 22:06

Here's the archived version of that web page, as at March 2016
(address needs slight adjustment, knock off the hxxp when it shows)

and here it is, as now



Hey ho, the investing strategy has been quietly updated, and completely altered!

Full operatorship (fuk off GP) and rto beckon ....
The stated acquisition is Ororo, so it can only be with Owena. What's more, Sirius gets 241 by default.

Cat is out of bag. Suspension?

[dr rosso] 02/9/2016 21:53

Taken from website

"The company is currently seeking funding to bring OML 95 in Nigeria (in which Sirius has an indirect 40% interest with its partners Guarantee Petroleum and Owena Oil & Gas) into production. If successful it is likely that Sirius would become the operator and this would trigger a reverse takeover under AiM rule 14 and require shareholder approval. Following this, complementary or unrelated acquisitions in the oil and gas sector may be made."


I don't recall this wording before. The above confirms that the 40% option to go in on Ororo has been triggered. Indirect suggests that it has been done through a stake in a SPV, similar to SLE stake in Eroton for OML18.

Furthermore, it is clearly stating that Sirius intends to become the operator and further furthermore, it would indeed be classified as rto.


Very interesting.

[bronislav] 02/9/2016 21:36

Suspect there is a final game changing percentage lurking somewhere tucked away as safe as houses until its needed.The lockin that finished in April,must have been significant .Those shares or percentage could be traded ,transferred .The holding percentage to protect were free to trade after and only after some significant event within the company ,in my speculative view.Sirius has had to be careful that it's assets were protected.

[dr rosso] 02/9/2016 21:27

Common ploy is to wrap them into sub-3% batches under different names in nominee so that nothing shows up in holdings.

[bronislav] 02/9/2016 21:00

6cer...most of the trades going back for at least a year if not longer are round figure trades and if you dig deep enough there are lots of the trades matching each other..These trades are nothing to do with normal PI activity .Although they could be many things it is not beyond the realms of possibility that the trades are one entity getting shut to another entity ,IE transfer of ownership thereby changing a percentage or holding ..If it is ,then getting around a holding rns would be an obstacle although I doubt not impossible.

[dr rosso] 02/9/2016 20:45

Is it too much of a coincidence that a 3.94m and a 1.06m appear very close together. Slightly odd figures. Put them together to make a neat 5m. Match to appear on Monday?


Quite a lot of these ISA switches have been going through recently. Company silence an abs must, because any leak of t/o is likely to result in suspension. Can't trade/switch if suspended. And no agm date/resolutions. Go figure.


Witness also the hundreds of 500k trades over time which have been used to stabilise the share price or move it in a particular direction, usually down.