Sirius Petroleum Share Discussion Threads

[1sonic] 19/12/2016 23:23

Welcome back OLUF! Yes its boom time! :-)

[olufemisudem] 19/12/2016 22:53

abrupt, accidental, amazing, astonishing, chance, electrifying, eye-opening, fortuitous, from left field, impetuous, impulsive, instantaneous, not bargained for, not in the cards, out of the blue, payback, prodigious, staggering, startling, stunning, sudden, swift, unanticipated, unforeseen, unheralded, unlooked-for, unpredictable, unpredicted, wonderful. Boooooom time

[1sonic] 19/12/2016 22:34

Yes Deltaman - some gagging to get these shares at .50 - it's game on! Placee's won't get as many shares as they want as oversubscribed! This share is starting to de risk! Some will be forced to pay current and higher prices as placees will know it's going north! Boom! :-)

[drrichard] 19/12/2016 21:08

And this one, ht:

[htrocka2] 19/12/2016 20:52

The media coverage indicates that we're in with the 'big boys'.

[1sonic] 19/12/2016 19:20

To be honest Cornish - Everytime I purchased more I thought the share price was going up instead it went down! Lol it's paid off now! Let's just hope it continues!

[cornishtrader1000] 19/12/2016 19:13

A bold tactic and at times you must have had balls of steel.

[1sonic] 19/12/2016 19:11

Cornish, let's just say I'm in profit but was buying in originally at just over a penny! Time has helped average down however still buying in as and when I can. Payday just around the corner so another top up!

[cornishtrader1000] 19/12/2016 19:07

You must have a good average Sonic. Congratulations and good luck.

[1sonic] 19/12/2016 19:04

Cornish stop it! My heart is going to explode! :-)

[cornishtrader1000] 19/12/2016 19:02

Oh and the gas!

[cornishtrader1000] 19/12/2016 19:02

That's what I was getting at, but 60k was with Glencore 3years ago. What about the potential distressed assets being available. 30p, 35p who knows.

[1sonic] 19/12/2016 18:58

Cornish 23p

[aventador] 19/12/2016 18:56

Beat me to it Cornish 6k bopd 2.3p60k bopd 23p minimum!!!

[1sonic] 19/12/2016 18:43

Cheers Dr Richard! When you look at the last two years and oil at 27$ You have to give the bod a pat on the back! Times have changed in the oil business and it might just be in shareholders favour for once! Who wants another Afren???

[cornishtrader1000] 19/12/2016 18:42

If 6k boped is worth 2.3p what about 60k.

[drrichard] 19/12/2016 18:23

Excellent thoughts 1sonic.

[htrocka2] 19/12/2016 17:00

Ironically 60k bopd was the amount SRSP offered Glencore and referred to 'assets' (plural)...surely this amount could obviously not have all come from Ororo??

[solarno lopez] 19/12/2016 16:55

got ya

Thank you B or R

[black_or_red] 19/12/2016 16:44

Mister Solarno. Sir, with respect, these co-participants have not signed up to provide oil-gas services for 6k. I think if you were to say 60k++ that is closer

[solarno lopez] 19/12/2016 16:40

And from the 6k boped we have to pay all our expenses to these high class supporters ....there aint enough oil to go round

[black_or_red] 19/12/2016 16:39

High-speed telemetry-while-drilling. Precise reservoir mapping, ultrasonic sensors and commingled flow use gas geochemistry for optimise production. Just 2 zones, D4 and D5 together could easy be 6k boepd in pdq time.

Technical ---

" Cost advantages: Geochemical techniques for allocating commingled production from multiple zones in a single well typically result in a >95% cost savings relative to production logging (McCaffrey et al., 2006, 2011, 2012). Geochemical techniques cost $750 to $2,250 per well per allocation, while the alternative (production logging) usually costs >$60,000 per well. The greater cost of the production logging approach is due not only to the costs of running the log, but also to the associated rig costs, and the costs of lost production during logging. These costs are not applicable to the geochemical approaches. Other advantages of the geochemical techniques include:
Detection of zone performance problems at any point during the life of a well: The low cost of the geochemical techniques for production allocation allows field engineers to monitor production frequently over long periods (weekly, monthly, quarterly). This ability to monitor continuously the relative performance of discrete pay zones allows early identification of zone performance problems. The much higher cost of production logging limits that technique to infrequent use; therefore, production logs typically provide only a "snap shot" of the production origin at the time the log."

[black_or_red] 19/12/2016 16:17

"An IPM Integrated Services contract delivers managed Schlumberger services, products, and third parties, and includes an IPM-trained Integrated Services Project Manager (ISPM). The ISPM is the focal point of contact between the project owner and the various Schlumberger services, ensuring that project objectives are aligned with IPM principles.

Schlumberger IPM specializes in delivering complete projects rather than individual products and services, primarily using Schlumberger oilfield services and products complemented by third-party services where needed."

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What this come down to is they optimise the multi-reservoir flow from the D zones in O2 well, move along to develop the field, then move on to more bigger shallow offshore. It all slowly fitting together. Timing important, build platform, locate rig, drill, move on to next. Project 1-2-3-4. The co-participants need to work as one. They more interested in gas because of demand for power the industries. Yes of course Mister Dangote want to be involved in supply side.