Sirius Petroleum Share Discussion Threads

[tidy 2] 09/3/2017 14:08

It's coming

[pipelinepete] 09/3/2017 13:50

T20 dates coming up, podcast well timed shame we haven't seen the spike yet.

[tidy 2] 09/3/2017 13:48

SRSP PODCASTTues 14th March on VOX Markets! Hopefully worth the wait!!

[solarno lopez] 09/3/2017 13:48

So do I Pete and thank you as I have a very serious holding here

[pipelinepete] 09/3/2017 13:35

Hope it works out for you sol

[tidy 2] 09/3/2017 13:33

Schlumberger involved here, to what extent guys

[solarno lopez] 09/3/2017 13:33

hahah you got it Pete

[minichris] 09/3/2017 13:23

@1alfi, Interesting post -

a) the Company secures project funding for the next phase of Ororo field development

We have deferred payment, that's as good as funding, or a clever way to mitigate paying out?

b) acquires an interest in a significant oil discovery offshore Nigeria or

Again, 40% of Ororo is not considered a significant?

c) accepts any proposal resulting in a change of control of the Company or

So a takeover?

d) as may otherwise be mutually agreed between Havoc Services Pty Ltd and Sirius.

The catch all.....


Id argue we have fulfilled 2 of the 4 scenarios above, why haven't they been paid yet?

[pipelinepete] 09/3/2017 13:23

End of the week rush then sol

[solarno lopez] 09/3/2017 13:20

Spot on Pete

[pipelinepete] 09/3/2017 13:07

Would make more sense to issue news then do a podcast. Otherwise it will be ten minutes of 'no comment' 'can't say' 'due course'

[toolsmoker] 09/3/2017 13:06

Vox just announced tuesday for podcast guys Been told news day after for partner

[1alfi] 09/3/2017 13:02

Sherl0ck - I personally doubt the current share price really suits the company's interests.

It may not suit the company's interests but ''new and existing shareholders'' now that is a different matter.

Final Results 29/6/2016
'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.'


Wonder if the ''new and existing shareholders'' are on standby to provide the money to pay the above and as a consequence pick up another batch of ultra cheap shares.

Not that I begrudge supporters of the company taking their slice of the pie but I do wish they would get a move on, get all the share wheeling and dealing out the way and get on with process of achieving shareholder value, which I have every confidence the company can and will do, its just that like most others invested here I am so so tired of waiting for it to happen.

[sherl0ck] 09/3/2017 13:00

HT - because there's always a fine balance of risk/reward at play. Why are people still buying now when they could have fully loaded up at 0.25p? Because then things looked pretty scary and POO was low. That's why I'm still buying at these levels....got plenty sub 0.5p but as newsflow demonstrates actual progress, the share price increases but the risk is further minimised. People see progress and realise that even now the price is still ultra-cheap.

Why might institutions potentially get involved when the share price is further north than now? Yes they'll get less shares for their money but their risk will probably be highly mitigated.

[x1000] 09/3/2017 12:51

Oversubscribed by 0.5% or 50% ? "oversubscribed" means nothing without clarification.

[htrocka2] 09/3/2017 12:45

Sher10ck...

'(and we had an oversubscribed placing at 0.75p),

makes me laugh that comment.....they also had an 'oversubscribed' placing on the 19th Dec at 0.5p.....so why did the 'new and existing' shareholders wait for the share price to rise 50% to buy more?

[pipelinepete] 09/3/2017 12:27

Loads tidy, read the rnss. Funding ad docs service providers fourth partners drill dates multiple assets development plans cprs financial and technical agreements holding rnss, the list goes on.

[tidy 2] 09/3/2017 12:20

When and what news is due guys?

[solarno lopez] 09/3/2017 12:01

That's exactly what the Doc said

[pipelinepete] 09/3/2017 12:00

Seems we have accumulators soaking up any sells, strong base price, heading north

[sherl0ck] 09/3/2017 11:52

I personally doubt the current share price really suits the company's interests. If the Twitter rumour of some impending PR is true then it's clear that we may be at the point where we want (and need) the share price to be higher.

The extensive share dumping might not have been anticipated - if it were (and we had an oversubscribed placing at 0.75p), then wouldn't it have made sense to just introduce Mr.seller with Mr.Cant buy enough and they agree a transfer that doesn't damage the share price. I've seen this happen in other shares and I once even had a CEO arrange a small transfer for me direct from someone else who needed to exit to pay for an expensive divorce!

[solarno lopez] 09/3/2017 11:37

and a solid one at that

[aventador] 09/3/2017 11:32

Why does the company want it going down though? Yep it's just a sit and wait job we've still got a few months to go just ltis are fed up now want there cash back all or nothing now.All under covers until they decide other wise but yep if just ororo then it's couple pence plus need much more for big dollar.But they hinted it's worth mega money not a few pence so just gotta sit tight.

[htrocka2] 09/3/2017 10:44

'If this share is on a massive downward trend then it is trending in a direction that is suitable to the company strategy'

1alfi...if that's true, then it strengthens the probability that they'll not issue any more shares in the near term.


ps...the only strategy of any advantage that comes to mind at the moment, being so close to April.....is more shares in a directors, personal tax free ISA.

[1alfi] 09/3/2017 10:09

If this share is on a massive downward trend then it is trending in a direction that is suitable to the company strategy