Sirius Petroleum Share Discussion Threads

[aventador] 09/6/2017 15:31

Be nice to get an interesting rns on this company one day zzz.

[twodegrees] 09/6/2017 13:44

RNS Number : 7060H

Lekoil Limited

09 June 2017

09 June 2017

LEKOIL Limited

("LEKOIL" or the "Company")

Receipt of Ministerial Consent for OPL310 Farm-in

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on West Africa, is pleased to announce that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the original 17.14% participating interest that LEKOIL acquired in OPL 310 in February 2013 to Mayfair Assets and Trust Limited, a subsidiary of LEKOIL.

LEKOIL's acquisition of Afren plc's ("Afren") remaining 22.86% participating interest in OPL 310 (through LEKOIL 310 Limited, a wholly owned subsidiary of LEKOIL) as announced on 1 December 2015 remains conditional upon receiving Ministerial Consent.

Lekan Akinyanmi, LEKOIL's CEO, said, "We are delighted to have received ministerial consent on our original 17.14% participating interest in OPL 310. This is an asset with tremendous potential and I am delighted that we have achieved this significant milestone. We thank the Department of Petroleum Resources for their diligence and fostering an environment that encourages the attraction of investment in the Nigerian Oil and Gas sector."

[handygandhi] 09/6/2017 13:06

Interesting RNS from LEK.

[1sonic] 08/6/2017 19:33

This link is a message to Bobo and team...

[shez20] 08/6/2017 16:25

Ask your pal Bum!

[bumhammer] 08/6/2017 16:06

When is the AGM?

Important!

[1sonic] 08/6/2017 15:36

Another day closer .......................... to Christmas! :-)

[1sonic] 08/6/2017 15:06

Baking Soda logo?

[1sonic] 08/6/2017 14:59

As most of my shares - like 80% of them were purchased at .25 I think I got a better result Jenny. lol

[bumhammer] 08/6/2017 14:49

nob cheese

[jenny tulwought] 08/6/2017 14:47

Well, good question.

Thing is, if you'd been one of the "fools" who sold at 1.1p two weeks ago, you could have bought back circa 30% more shares with the proceeds, yesterday.

I hope that sort of makes sense.
Since I'm not a "fool" (sadly), I wasn't able to take advantage of the opportunity.

[1sonic] 08/6/2017 14:40

Keep playing games whilst I keep buying, building my pot nicely Jenny! WHY SELL when you can afford to just keep topping up.

[handygandhi] 08/6/2017 14:11

Winston Churchill could have easily been talking about SRSP when in 1939 he described Russia as, "a riddle, wrapped in a mystery, inside an enigma."

[doug51] 08/6/2017 09:25

T T Teller.Whats the share price today:Wake up and buy some.

[aventador] 08/6/2017 09:07

It's tempting to just buy a chunk now to trade as this has now bottomed and will be back up over a penny soon no doubts.

[dr rosso] 07/6/2017 21:48

Schlum and Rockflow have used different classifications, that`s all.



Is NGL the same as condensate?

In U.S. usage, a “plant condensate” is the equivalent of products classified as “pentanes+” and natural gasoline, and these are considered NGLs.
On the other hand, U.S. usage typically does not consider “field or lease condensate” as an NGL, instead classifying these commodities as crude oil.



For whatever reason, commercial sensitivity, the Co. is covering up the sheer huge amount of NGL condensate it sits on.




What we are really talking about here is a Marine NGL operation covering several fields. Does BP have any involvement in this kind of thing?

[dr rosso] 07/6/2017 21:28

"Rockflows gross gas estimates are from 43.1 to 101.66 Bscf, whereas Schlumberger's is 277 to 390 Bscf.."

What`s happened here is that Rockflow has created a 3rd category called "condensate". Much of the Schlum gas has been recategorised as NGL condensate. R has put oil and condensate together.

What at first sight appears to be a big diminution of the gas resource is nothing of the sort. The 110bcf will be pure gas (methane) whilst the remainder will be the heavy hydrocarbon compounds of propane, butane etc. The latter is also highly lucrative but has been largely flared off in the past. Lyon says they intend to can the lot.

Ororo field D upper zones contain around 0.4 tcf of gas and gas liquids combined. G is oil and not insignificant by any means. But gas takes centre stage

Would a major ioc be interested in that volume of gas... possibly, but poss not due to high capex. The point that Sherl0ck alludes to is that there are much bigger assets which are attracting interest. These will be the 7 other smallish stranded marginal fields on 95 which can be tied into the Ororo hub project.

The total amount is around 240mmboe (incl Ororo). 70% of this is gas. In other words there is the equiv of 180mmboe. That is a huge amount of CNG/NGL and would certainly be most appealing to the likes of BP and others. Looking at around 5 tcf imo.

Co. has made it clear that there`ll be 2 separate routes. The pure natural gas will be piped through to Parabe, whilst the NGLs will be shipped to a Lagos handling facility. Sirius will be slightly integrated in this midstream process.

[aventador] 07/6/2017 20:52

Truthteller wouldn't know the truth about this share if it slapped him round the face.

[1sonic] 07/6/2017 20:22

It's only mms playing games getting hold of more shares. After all this time don't give up hope. End of the week coming and will pop back up. PEEL been leading this for weeks but the brakes will lift soon as they are done!

[deadly nightshade] 07/6/2017 19:38

bull@@@@ teller unless your pea sized brain has not noticed a lot of oil stocks are down at the moment in the last few days its due to drop in oil price plus add on lack of news flow here then you will see why this has dropped

[deadly nightshade] 07/6/2017 19:26

yes ht that could well be the next rns end of year results, not holding out for anything in between as the momentum seems to have well and truly gone out of this at the moment, but will be interesting to see what comes up in the results

[the truth teller] 07/6/2017 19:19

So what's the share price today. Please tell me I do not know what I'm talking about!!Wake up before you you have nothing.