Sirius Petroleum Share Discussion Threads

[bronislav] 29/3/2017 12:50

Agree Sherlock,this has been a great opportunity for anyone with spare funds ,for long termers it has frustrated but I suspect many of those long termers have added at lower prices.£1000at 0.25p will compensate for any in at the top end of 4-5p...

[sherl0ck] 29/3/2017 12:39

Bobo: "we're a small, ambitious company".

The extent of that ambition, when revealed, will surprise & shock many. Only then will it be much clearer exactly why the big partners have signed up & why it's taken so long to put this together. It's rare that you see an opportunity like this where the market is still so much in the dark. PIs have always had the chance to buy as many shares here as they can afford...and at cheaper prices than any placees.

[pipelinepete] 29/3/2017 12:33

Glencore been accumulating cheapo shares while the pipeline was built, constant transfers to cover it up, ready for boom after the insiders get their isas filled

[htrocka2] 29/3/2017 12:32

Reading between the lines...there's an lot of info to be interpreted.. for instance.. They're still waiting for the PIB in 2011 (which should be out within a fortnight) Owena's Chairman is the Ondo State Finance Commissioner. Owena's MD, Special Adviser to Ondo State, is ex Schlumberger MD. The State Governor is referred to....and it would seem that the Owena/Guarantee/SRSP partnership is to be promoted going forward to access more marginal fields. It looks as if the Chevron marginal fields within 0ML95 have been sewn up.

last paragraph 10/11/'11
The pending Petroleum Industry Bill ("PIB") is expected to further improve fiscal regimes for indigenous companies and enable preferential access for indigenous companies to onshore and shallow offshore licensing. The Department of Petroleum Resources has stated there will be another marginal field bid round held in Q4 2011 which will be exclusive to indigenous companies and it is the stated intention of various of Sirius' partners to participate in this bid round.
Information on Owena and Guarantee - The Ororo Field Partners
Owena Oil and Gas is a government vehicle owned by Ondo State set up to hold interests in Ondo State's oil and gas assets. Ondo State is an oil producing state in the South West of Nigeria where many of Chevron's assets are in production, and Owena continues to enjoy preferential access to oil fields in the state thanks to the Nigerian government's push to allocate proven oil fields to indigenous Nigerian companies.
Yele Ogundipe, Chairman of Owena, is the Commissioner for Finance for Ondo State. The Managing Director, Goke Adeniyi, is the Senior Special Advisor (Oil & Gas) for Ondo State having previously worked at Schlumberger Nigeria for a number of years before retiring as its Managing Director in 2008. Chevron, the international oil major, has been operating in the coastal area of the state, and has continued to enjoy a peaceful and mutual relationship with the government and people of the area.
According to the Governor, Ondo State is one of the most peaceful states in the oil-rich regions of the country and his administration will continue to sustain it for the benefit of the state and the country.
Guarantee Petroleum, an indigenous company designated as Operator of the Ororo field, is well-placed to participate in the marginal field programme. The Chairman, Dr Samuel. O. Omobomi graduated with a Ph.D. in Economics from New York University and sits on the board of several companies including West African Breweries Ltd, Peugeot Automobile Nigeria Ltd, Wema Bank Plc, and Ecobank Nigeria Plc. Other board members include Professor Emmanuel. A. Fayose, a professor of geology and an exploration geologist, and Mr Odion Abayomi Unuigbe who retired as the Financial Controller of Corporate Trust Group, Lagos before he left to start his Accounting Practice.
This information is provided by RNS

[aventador] 29/3/2017 12:29

If it's as big as some say explains the secrecy and painstaking years waiting.

[dr rosso] 29/3/2017 11:36

A brand new major subsea pipeline in construction that, by an amazing sheer coincidence, cuts right through Ondo blocks OML95 (Ororo) and OPL241 as it heads NW up to Lagos.

[htrocka2] 29/3/2017 11:32

Yet another strange subsidiary has turned up, a Nigerian Incorporated Subsidiary, this is probably where all the cheap shares have ended up. 'Sirius Exploration Nigeria Limited', it sounds a bit like 'Area 51'...it's not even on the map. Talk about clandestine, even the shareholders haven't heard of it.

from 30/09/'13

'Sirius Exploration Nigeria Limited, a wholly owned subsidiary company, has entered into an agreement with Guarantee Petroleum Company Limited and Owena Oil and Gas Limited which gives it the right to acquire a 40% interest in the Ororo Oil Field'


Overview
-- The company's initial focus is the re-entry of the Ororo-1 well, originally drilled and flow tested by Chevron, located on the Ororo field in OML 95. Management expects the field to be producing with an initial production rate of approximately 2,000 bopd which is expected to ramp up to 3,000+ bopd as the asset is developed.

[pipelinepete] 29/3/2017 11:21

Maybe add energy is good at reading between the lines

[drrichard] 29/3/2017 11:11

Mr John Dangote, Bron!

[htrocka2] 29/3/2017 11:10

'Why show any interest in a £20m minnow farting around on a marginal?'



' Company will work with its partners, to put both the Ororo Field and the Oil Block into production, as soon as is practicable.'








It seems that they've kept the real prize very quiet....Ororo, although very welcome, is a distraction.

[dr rosso] 29/3/2017 11:09

Sirius recruiting experts for Nigeria to follow a W.Oz-style business arrangement based around gas as a primary fuel. What's the betting that Sirius-Taglient will be used as a distribution agent within a vertically integrated chain, including offtake.

[bronislav] 29/3/2017 11:07

The more Sirius carry on with the pretence to the market the more significant it seems to me.The scale of all these large experts cosl etc are the only clue one needs .Who is building the large 48inch diameter subsea pipeline and which country has won the contract .eureks!!!

[dr rosso] 29/3/2017 10:48

26 apr 2016 - Shell has awarded consultants Add Energy a three-year global maintenance integrity and asset performance management contract.


08 ago 2016 - Oil and gas upstream consultancy Add Energy has secured a new three-year global contract with BP worth around £15 million. Add Energy


07 dic 2016 - Add Energy's Well Management division has secured a 3 year project with Woodside covering Drilling Project Management Services for ...

subseaworldnews.com/2017
20 min ago - Add Energy's Well Control & Blowout Support group has secured a framework agreement with Statoil for well planning, blowout and kill ...


Contracts with IOC majors, Shell, BP, Woodside, Statoil. Billion dollar Companies. Why show any interest in a £20m minnow farting around on a marginal?

[aventador] 29/3/2017 10:39

I'm sure it's gonna be worth a hell of a lot more than 2-3p yes as for when and how much that's the million dollar question.
Gla.

[dr rosso] 29/3/2017 10:28

So Sirius contracted a well completions engineer back in January (without informing us, naturally.) Has he been sitting on his thumbs for the last 3 months? Equally interesting that Schlumberger are well completion specialists, yet this Arguello guy has come across not from S but from ADD Energy. What does ADD offer that Schlumberger doesn't? Perhaps it's that ADD are renowned gas safety experts, and they are sending in someone who has experience of handling high pressure (13k psi) zones which the COSL rig will enter at around 11000 feet.
Gustavo also has the same Perth base as Havoc gas specialists, Stein & Taylor.

[1sonic] 29/3/2017 10:27

you don't get all these big guns for 2.3 pence!

[1sonic] 29/3/2017 10:25

If you base Ororo on 2.3p and Ororo is the smallest add in another 3-4 assets i'm hoping for at least 10p-15P based on Ororo being the smallest! You also got deeper sands! Christmas tree!

[aventador] 29/3/2017 10:22

What do you think the value will be after the ad doc then sonic and what assets will we have?

[aventador] 29/3/2017 10:20

Let's hope so mate.

[1sonic] 29/3/2017 10:18

Aventdor - I think you are missing something here... when the add doc goes in it will have all assets in there and the company will be valued on that - take a look at sound energy! Even Chris Neal said this at the AGM. remember his great big grin! he wasn't talking 2-3p

[aventador] 29/3/2017 10:12

It won't be sat on for another year no, which is good but it's gonna take a bit longer still to see cash flow I would say a lot later this year at the earliest then to factor other assets in that's way off, if what they where saying at he agm was right.

[pipelinepete] 29/3/2017 10:12

Who have we ordered these items for is the real question

[1sonic] 29/3/2017 10:07

You have to ask yourself this question.... Have srsp ever ordered Rigs and long lead items before? Have they??? So why get everyone lined up to sit on it for another year! H1

[aventador] 29/3/2017 10:04

We shall see.

[1sonic] 29/3/2017 09:51

2-3p on Ororo alone in H2 then add in other assets. Boom! If you think the big guns are going to just drill oil and gas from Ororo in H2 you are mad! this will explode with News! BOOOOOOM!