Sirius Petroleum Share Discussion Threads

[xerot] 06/12/2016 17:51

Why would a firm with a yearly revenue of 428 billion get involved with a piddly little firm like ours?

They are the largest integrated energy company in China.

Total assets of 4 trillion.

At the moment they are not operating in Nigeria but this deal will mean a foot hold into this market. They have booked reserves of 3.7 billion barrels. They do seem focused on gas as well like some of the other posters have mentioned.

This company is going to be successful, you can see that now and before those last two RNS's it was hard to keep believing with no end product.

[bronislav] 06/12/2016 17:35

Re the AGM ..I do lean towards the view that those two rns,s were probably available a fair while before the AGM as were the CpR rns,s .Not overly sure about the timing of the Simon Hawkins rns as well ,nicely tucked between the two vendor announcments ....For the length of mr Hawkins tenure we seemingly had no numbers to crunch and now as we appear to be on the cusp of some production and real numbers to crunch he has gone.Unfortunate indeed that he is not well and I,m sure I speak for everyone in hoping his illness is subsiding as I,m guessing ninogas will also be affected.
Everything points to more than ororo and some optimism that a corner has been turned ,However the wait and nonsense share price is really testing patience and is starting to get under the skin.Something is holding this up and I don't think it is crossing of t,s and dotting I,s....hopefully not only bobo will be having a good Christmas but also us shareholders too.

[xerot] 06/12/2016 17:30

Bum Rammer needs to pull his bum out of his behind and get with the programme sweetheart.

[aventador] 06/12/2016 17:22

All recent updates have been good just have to wait now and let them get on with it.

[aventador] 06/12/2016 17:15

The whole project basically had to start from scratch again this year that's why it was delayed etc all explained yes frustrating bla bla bla.Either get on board be positive with the latest news and oil and share price increasing do your own research or sell up go invest elsewhere.

[drrichard] 06/12/2016 17:11

Agree Aventador, things have changed. Whether on not it was all Chris N's doing is something we may never know, but the news run started early this year when he came on board as a member of the BoD.

[aventador] 06/12/2016 17:08

Times have changed and finally it's on the up and people are still moaning.

[drrichard] 06/12/2016 17:02

Come on Mr B, lots of long termers were ready to give the BoD a hard time, when lo and behold, two cracking RNS, to add to the news flow earlier this year. All smiles now.

I have no problem with Pauline conversions in the face of a volte face of news flow.

[xerot] 06/12/2016 16:58

Bum rammer the king of bums

[bumhammer] 06/12/2016 15:39

Thanks 6cer

[black_or_red] 06/12/2016 15:13

Still not clear how these partners gonna do it.. stakes in each Project or stakes in Sirius itself? Add Lyon to the bevy of gas experts on board.



The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has signed Memorandums of Understanding (MoUs) with several Chinese firms for over $80 billion new investments, spanning five years, in the oil and gas industry covering pipelines, refineries, gas and power, facility refurbishments and upstream financing.

“Out of this, $10 billion approximately was raised on the sides with our steer and push for two Nigerian companies – Delta Tek and Salvic Petroleum – while the balance of $70 billion includes MoUs signed by investors and financiers for projects with the Nigerian National Petroleum Corporation (NNPC).”

Kachikwu also revealed that other than the agreements executed for investments totalling $80 billion, he also got commitments from Sinopec and China National Offshore Oil Corporation (CNOOC) to commit to further investments in Nigeria’s upstream oil sub-sector to the tune of $20 billion, which would be concluded in the next few months.

“Outside these (MoUs for $80 billion investments), the two largest oil companies in China, Sinopec and CNOOC, signed investment MoUs agreeing to announce after further discussions on major investment increases in the Nigerian oil and gas in the next few months.

“Given the areas of focus of these two companies, we do not expect that investment to be less than $20 billion. The net effect of these and other agreements in principle reached with investor interest in China on this roadshow will potentially provide investment funds for Nigerian oil and gas of over $100 billion over the next five years.

“These investments cover every facet of Nigeria’s oil and gas sector – upstream, pipelines, downstream, gas and power, modular refining in the creeks, engineering services, etc. “It has been a fantastic outing and if we can follow through on all these, it will change the face of Nigeria’s oil and gas forever."

[htrocka2] 06/12/2016 14:56

black or red..
'The total value of the project is estimated at US$16 billion, with the floating production storage and offloading vessel to be installed at the field alone costing US$3.3 billion.'

'Just shows how much time and money is involved with extracting hydrocarbons from the Niger Delta....not a 'fly by night 'operation.

[ropot] 06/12/2016 14:44

Can't wait to see all those huge numbers reflected in my account...

[carrbradshaw] 06/12/2016 14:42

I've been here too long now - I want share price increasing news.

[aventador] 06/12/2016 14:35

Bradshaw come on, the news wasn't just any old waffle with no structure it was two signed deals factual progress something up to now we haven't seen and we know now it's just a question of waiting for the ad doc to kick the whole process off which could come at any time.

[6cer] 06/12/2016 14:23

Can't see why they want more time - they've got everything in place. Where is the funding - could easily be found in CNOOC's back pocket or sofa.

[carrbradshaw] 06/12/2016 14:18

It's long term holders that are annoyed and bored with it here. Is it me or does it seem like they released news around the AGM to pacify holders again and probably buy themselves another year till next AGM. No news since - where is the funding?

[6cer] 06/12/2016 14:18

I do - over 50p per share eventually.

[black_or_red] 06/12/2016 14:17

What makes more intresting is that much of the prep work like reservoir modelling on those fields were done by Schumberger, same osp that sits behind the scenes here at Sirius.

Project partners in the Akpo Deep Offshore. The turnkey contract was awarded at the cost of $ 1.079 bn. Italian firm Saipem will handle provision of the Umbilical, flow lines and Risers, French firm Cameron bagged the subsea well head contract.

US oil services firm Schlumberger has been contracted to provide completion facilities and materials to produce the oil.


With a massive Chinese multibill dollar investment coming into Nigeria, it dont take much to work out that the boyz are back in time, not so much for oil, but for BIG GAS.
ADD are gas safety experts, Havoc is field locator, BTG commodities.

Blinding obvious really

[aventador] 06/12/2016 14:07

Ecactly black or red it's really exciting I don't think people realise quite how much this company could be worth.