Sirius Petroleum Share Discussion Threads

[1sonic] 21/10/2016 16:27

Like the rest of us Sol.... its all in this bloody share!

[solarno lopez] 21/10/2016 16:24

I have no money

[1sonic] 21/10/2016 16:20

My money is on for 7am Monday RNS! imo.....

[dr rosso] 21/10/2016 16:20

25th is the AGM wire. Fair bit of stocking up been going on ready for resolution revelations next Tues.

[1sonic] 21/10/2016 16:16

14 painful minutes to go!

[1sonic] 21/10/2016 15:30

Nice sell at .48 and a buy at .52 ..... blink and you would have missed it...lol

[1sonic] 21/10/2016 15:25

Sol - Timing i reckon.... here comes the volume....

[solarno lopez] 21/10/2016 15:23

sonic is in relation to the content or the time it arrives ......jesting

[1sonic] 21/10/2016 15:17

Its nearly wine o'clock! :-)

[1sonic] 21/10/2016 15:16

IMO - The RNS we are all waiting for will take us by surprise...

[solarno lopez] 21/10/2016 13:12

Thanks Bron

[bronislav] 21/10/2016 13:03

Solarno .apologies if I came across wrong or in anyway disrespectful,just trying to get a picture of posters thoughts.As you rightly say sometimes we have to be bitten to acquire the wisdom and I don't doubt your wisdom.

[1sonic] 21/10/2016 12:45

Get ready hold tight! Boom :-)

[pipelinepete] 21/10/2016 12:38

Friday afternoon buying started? Choo choooo

[dr rosso] 21/10/2016 12:04

BTG Pactual is hereby appointed Sirius' exclusive representative to perform all necessary marketing, negotiation, sales and contract execution in relation to the sale of its Crude Oil, from the Ororo Field and other fields subsequently owned by Sirius.

BTG Pactual may also market other physical crude oil of Nigerian origin sourced by Sirius from fields which it does not wholly or partially own. Sirius has agreed with BTG Pactual to split equally the proceeds from the marketing of any crude oil from sources introduced by Sirius outside of its own production.

[mrphiljones] 21/10/2016 12:01

minichris
21 Oct '16 - 11:32 - 56420 of 56423    3   0
It takes two years of gestation to form an elephant... 26.2


lol....;-))

[solarno lopez] 21/10/2016 11:59

spot on Doc

[dr rosso] 21/10/2016 11:59

The point is that Ororo is merely the tip of the iceberg. A strategic multi-field plan in line with the fiscal regime which makes for full efficiency when the dots have been joined up to bring Block 95 back into O&G production.

Schlumberger-Engelhart (BTG)-Havoc-Chevron-Ondo-Sirius. All here for one 20mmb marginal field, I think not.

[dr rosso] 21/10/2016 11:52

"Bringing a marginal field on stream by its very definition is a task that can stretch profitability to the brink. But many operators have gone ahead to make these fields profitable. Many have gone further to increase value by raising production levels, improving reserves replacement rations (RRR) and transitioning into midcap and big upstream players.
The solution is strategic management. From integrated field development procedures to ingenious gas monetization strategies and synergies that see cost of delivery infrastructure lowered through sharing. Analyst has suggested many creative pathways to lowering production cost per barrel for marginal oil field operators and thus extending the life of the field and the business itself. "

Some of the marginal fields offered for the 2013 bid round
(Licensing round was aborted)

Field Name | Location | Terrain | Block (OML) | 2P (mmbbl)

Azama/Ruta (Ondo) Swamp 95 56.6

Meta Offshore (Ondo) 95 35.6

Oloye Offshore (Ondo) 95 76.7

Shango Offshore (Ondo) 95 26.7

[minichris] 21/10/2016 11:32

It takes two years of gestation to form an elephant... 26.2

[twentysixpointtwo] 21/10/2016 11:26

The thing is MiniC, 12 months ago CN joined the company and that was supposed to be the catalyst then GL gets linked and that's supposed to be the catalyst along with 42 BS but here we are staring November in the face and still no end game. Cue Sherlock to say these things take time and I respect that but ffs this is the longest gestation of a proper company ever !

[dr rosso] 21/10/2016 11:20

One para in this is all you need to read. It reveals what the Sirius-Ondo-Chevron-Schlumberger-Havoc venture is all about. Block 95 (containing, among others, Shango-1 well + of course Ororo) is linked to Block 241 (containing, among others, Epiya well).

A twin megablock, multi-field O&G development. Details must emerge at some point. The starting point is Ororo because that marginal field acts as the strategic hub for 95.

Re-read the Sept 2014 RNS with these fields in mind:-
Shango, Meta, Azama, Ruta and Oloye in shallow water OML 95

"BTG Pactual is hereby appointed Sirius' exclusive representative to perform all necessary marketing, negotiation, sales and contract execution in relation to the sale of its Crude Oil, from the Ororo Field and other fields subsequently owned by Sirius. BTG Pactual may also market other physical crude oil of Nigerian origin sourced by Sirius from fields which it does not wholly or partially own. Sirius has agreed with BTG Pactual to split equally the proceeds from the marketing of any crude oil from sources introduced by Sirius outside of its own production."

[solarno lopez] 21/10/2016 11:19

Bron

like you and other enlightened holders the content of the RNS's give me hope about the potential within SRSP.

My biggest concern and always has been, caused by long association with the city is the fact that directors and their close associates can make it more worthwhile for themselves than investors. That's me being polite

I come with baggage and very deep wounds but also with knowledge !

[1sonic] 21/10/2016 11:12

Aventador, Only 10 mugs of coffee a day whilst at work! Never drink in the day... Only on Sundays! :-)

[bronislav] 21/10/2016 11:09

Confident of the potential then solarno.