Sirius Petroleum Share Discussion Threads

[handygandhi] 15/5/2017 16:46

It doesn't really amount to much, Bron.
A gambling trader could do three, or four, or more buys and sells in a trading day.
It doesn't mean that he's holding them, unlike us, who are holding shares for completely different reasons.

I share your frustration in how to work out this conundrum, but every time I question why I'm still holding, I take a step back and look at the fundamentals, and more often than not, buy more !

[bronislav] 15/5/2017 16:09

Sherlock .since february,accounting for higher days and lower days it averages out at 30 million a day .Say 14 weeks up to the present day ,that equates to nearly 2 billion shares give or take a few .If half were buys and half sells ,for arguments sake ,that would be 1 billion shares moved from one to another...Thats impressive in any ones book.

[bronislav] 15/5/2017 14:48

Thanks for reply sherlock.

[sherl0ck] 15/5/2017 14:39

Better volumes Bron but some of it can be accounted by constant churn of PI buying in & selling (repeated at higher & higher share price levels) and some traders just constantly sell and buy back in etc. Plus anyone who has bought in the past year or so can now opt to sell at profit, so some will.

Where shares being traded have originated... well with 2.5bn issued, even if only 20% of these aren't already in completely sticky hands that still effectively leaves 500m in the real free float and available for trading, of which 50m daily volume is just 10%, so perhaps not that massive an amount....but these are just made up figures to illustrate the point.

[aventador] 15/5/2017 14:36

Yes Ed I'm sure there is after but 8 years+ of seeing the same cycle over and over again I just wish they'd get on with it now.
Not long to go though to the H1 deadline tick tock.

[edgein] 15/5/2017 14:10

Avent,

You should hear something factual very soon as the seabed survey was to lead to rig selection. By all accounts the seabed survey is complete.

Regards,
Ed.

[pipelinepete] 15/5/2017 14:03

Are you the one with the 1.5m buy order in at 1.25 aventador - certainly acting as though you are.Hold tight guys, peace out, see you Wednesday.

[aventador] 15/5/2017 13:54

We need some news now to sustain this rise a Twitter ramping campaign isn't good enough alone.

[pipelinepete] 15/5/2017 13:51

Who's up for another 10%I know I am, enjoy the rest of the day guys

[bronislav] 15/5/2017 13:40

Sherlock..where are all the shares coming from...circa 30 million a day over the last ten weeks is a significant amount dont you think.?

[bronislav] 15/5/2017 13:40

Sherlock..where are all the shares coming from...circa 30 million a day over the last ten weeks is a significant amount dont you think.?

[dr rosso] 15/5/2017 13:36

Drill and complete O2 for 2P. Move the rig over for quick O3/4. They then have the collateral for RBL.

What's of great significance are the geologists' reports of this Ororo field mini-depocentre kitchen strategically linked via migration channels to other nearby fields such as West Isan, .... + adjacent block 241

[handygandhi] 15/5/2017 13:15

OML 95 contains the giant Meren field, which is the largest field on the block and one of the largest discovered in Nigeria.

The Ororo field is located in shallow waters offshore Ondo State, in water depths between 23ft and 27 ft. The field is close to the Mina, West Isan, Ewan, Eko and Parabe fields, all of which are operated by Chevron.

[pipelinepete] 15/5/2017 13:12

When this PEEL deadlock is broken, this is going to rally fast imho

[edgein] 15/5/2017 12:59

Don't forget they've vendor financing with COSL, SLB and ADD. Well heads and long lead items already paid. If they need any cash it will be for trigger payments when they commence operations, but cannot see that being much, and the option may be there to postpone those until commencement of production. Due to the vendor financing I cannot see any material money being raised or RBL required until all wells have been completed on Ororo. Then they'll know if its a 10k boepd, 20k or 30k+ boepd development. Also talk was of moving the COSL rig to another field after Ororo drilling completes so we'll likely know more about the next project before O-4. If more of the 12 known payable formations flow adequately from the directional wells, I can see them using all 3 well options to try to discover the limits of Ororo. In addition the deeper play just below Ororo could have payable from the 800ft/250m to be drilled, again in multiple stacked reservoirs common in this region. Chevron's 3D seismic for Ororo should be on the money, but until they find the OWC, GWC it remains undefined. Plenty of upside on the bulk of the untested 200ft pay from 0-1, but if there are deeper stacked reservoirs like in the neighbouring field then this will pop significantly.

Regards,
Ed.

[pipelinepete] 15/5/2017 12:49

It's a fact bum

[detective captain sean signal] 15/5/2017 12:43

1.3 - 1.4 finish

[dr rosso] 15/5/2017 12:42

All on for mid-June appraisal-development drill. No requirement for Co. to announce any changes re. Investing v Producer status until July well completion by Mr Arguello. That paves the way for the major decision over longer term fields/blocks development plans, with 1 or 2 consortium suitors hovering with their respective LTF proposed solutions. So who's got half a billion dollars to spare?

[bumhammer] 15/5/2017 12:38

Good chance of us finishing blue again Pipeline

[aventador] 15/5/2017 12:37

Tbf though this huge drill on proven fields has been coming for 8 years lol will we actually see it this time!

[aventador] 15/5/2017 12:33

Loving the posts astral vision keep them coming

[pipelinepete] 15/5/2017 12:29

Hoover hoover, going north this afternoon :)

[pipelinepete] 15/5/2017 12:27

Order being filled fyi

[astralvision] 15/5/2017 12:25

yes, just Peel Hunt left on 1.3, last chance for ridiculously cheap shares?