Sirius Petroleum Share Discussion Threads

[bronislav] 20/3/2017 18:23

Htrocka...maybe the mere mention of the name would give the whole game away,hence the holding back of announcing,good to know thete is a game to give away.

[htrocka2] 20/3/2017 18:10

Sherl10ck...
'Perhaps partner 4 carries a lot of sway...'

Schlumberger has a market Cap of $111.79bn and is the 27th largest company in the world persei......yet....the fourth partner is being prioritised over Schlumberger....very strange. Who on earth could be more important, with respect to the oil industry, than Schlumberger?.....The curiosity is mystifying. If the fourth element is more important that Schlum...then when announced....this should explode.(if the maths is right then Schlumberger are about 6500 times larger than SRSP ....and it's not as if they need the money?)


Vendor Finance Consortium
Following the execution of the agreement with Schlumberger, the Company is now in advanced discussions to finalise the participation of the last member of the Vendor Finance Consortium and intends to announce further details in due course regarding the final elements of the financing and operational service agreements.

[bronislav] 20/3/2017 17:48

Its obvious that shares are being shifted from one to another and thus understanding trades is a pointless endeavour...put out a podcast with a few hints to keep the troops happy for a little while longer .throw in a see you very soon one liner and a few more weeks of getting those transfers out of the way...can almost smell that drill bit turning AGAIN.

[doug51] 20/3/2017 17:31

deadly mms are bookies they will take shares via dropping price (panicking some share holders to sell) this is there game.I feel in a short time the bookies(mms) may suffer a big payout. So they will get what they can when the can.We are so close to news why sell now????

[deadly nightshade] 20/3/2017 16:59

doug mm's wouldn't take a dummy £1000 sell i did earlier and i am hardly getting the impression they are desperate for shares.

[cornishtrader1000] 20/3/2017 16:38

Mine was a dummy 'SELL'.

[doug51] 20/3/2017 16:31

deadly;cornish states Broker will take 2M @7251... Is take a sell or buy???

[herman_m] 20/3/2017 16:28

Just got offered 0.727 for 1m shares by my broker

[deadly nightshade] 20/3/2017 16:26

Share price drops then suddenly we see a sea of blue on the buys looks like the mm's fun and games are still on going here

[deadly nightshade] 20/3/2017 16:22

One good thing this share price dropping its shut them twitter lot up, they must be losing their touch as they have spent the best part of 2 weeks ramping the guts out of this only to see the share price drop.

[deadly nightshade] 20/3/2017 16:17

Must be the only tree shake i have ever seen then doug where mm's don't even want a grands worth of shares???

[doug51] 20/3/2017 16:10

mms loves a good old tree shake....they are always one step ahead?

[cornishtrader1000] 20/3/2017 15:56

Broker will take 2M @ 0.7251

[deadly nightshade] 20/3/2017 15:52

makes you think the share is at 0.75 for a reason, surely if the mm's don't want your shares then usually their bottle goes and they drop share price 10%???

[bsg] 20/3/2017 15:49

Why are they selling near the bid?

[1sonic] 20/3/2017 15:47

buy at .75 and sell at .75 dead on! Max sell 50,000 shares only

[deadly nightshade] 20/3/2017 15:42

not sure whats going on here, just done a dummy sell and can't sell a grands worth but share price is not falling and you can buy below the current share price???

[sherl0ck] 20/3/2017 15:36

HT - I understand that the worsened state of the market allows for greater flexibility, but if you were COSL would you still sign a definitive contract, potentially mobilise a rig with deferred invoicing to a higher risk territory and go public if the project itself was dependent upon another partner who hadn't yet committed? Surely you'd rather sign an MOU and then take these steps only when number 4 had committed and a JOA was actually agreed.

Perhaps partner 4 carries a lot of sway...but I'd still be surprised. As Bobo said himself, these are multi-$billion companies. Which probably means they have well defined stringent processes and eagle-eyed in-house counsel that would need strong assurances. I can't see them simply crossing their fingers and hoping for the best.

IMHO no way is this a 'take the chance' project.

[bumhammer] 20/3/2017 15:32

Cool story Bro

[deadly nightshade] 20/3/2017 15:29

yep its shown up as a sell so buys are being recorded as sells

[deadly nightshade] 20/3/2017 15:22

Just had another top up and i managed to buy for 0.75p which is lower then current share price so makes me wonder if my buy will be recorded as a sell?????

[htrocka2] 20/3/2017 15:15

Sherl10ck...

'How can consortium partners sign up to individual agreements with Sirius and go public....'

with ref to the rns extract below that was written six months before the COSL announcement and the first time Vendor finance is mentioned.....It would seem that the Service Providers (COSL in this case)seem to have pushed themselves onto SRSP and were more than happy to go public with a signing. I've no doubt that all the elements will have to unite under a single JOA as all are dependant on each other for this to succeed.




Vendor finance
In tough market conditions, major oil service providers are offering turn-key services, equipment and personnel to finance low-risk development projects. The Board has received a proposal from a service provider but is pursuing other vendor finance opportunities to secure the most optimal deal. It is an industry trend being implemented in other parts of West Africa which capitalises on the availability of drilling equipment and personnel which is currently not under contract to an oil company, or under which the contract is about to expire or be terminated. The major cut in spending by multinational oil companies is resulting in service providers offering turn-key services on proven assets to drill a well in order to cover their daily operating costs of drilling rigs, being paid out of oil revenue. The Board is confident we will be able to secure a vendor finance proposal to drill on the Ororo field.

[solarno lopez] 20/3/2017 14:43

is that so !!

[jenny tulwought] 20/3/2017 14:38

I hate it when People start a sentence with 'So' - really get's on my wick so it does.

[solarno lopez] 20/3/2017 14:12

Think on this, they have signed up without the 4th partner, therefore they must be super confident the project will go ahead.

And yes I know there may well be get out clauses in the agreements but even so