Sirius Petroleum Share Discussion Threads

[vatnabrekk] 22/7/2017 23:12

I don't think there has been any suggestion that BP want to have any involvement other than to have an off-take agreement. BP have seen the problems that Shell have had and I doubt if they want to be in charge of a major operation in Nigeria. It's much more straightforward for them if they can simply have their product delivered elsewhere in the world without having to get their hands dirty.

So their negotiations with SRSP should be fairly simple and straightforward. Probably already agreed, but not signed off until the consortium has all been agreed.

And SRSP is probably just acting as up-front agent for the consortium, so any contracts or commitments that SRSP sign will ultimately be assigned to the operator once that entity is revealed.

Who will the operator be? Why not some amalgamation of Owena Oil and Oilworld? After all, they have control of 241 at the moment.

[htrocka2] 22/7/2017 22:48

Vatna, Schlumb have already said that drilling will start 'later in 2017'....there's very little more I can add to that. However, if as you say 'Its all about the consortium trying to get their act together, trying to agree how to divi up the prize', my answer to that is, suppose, just for arguments sake, that the 'carve up' as you call it, had, in view of Bobo's H1 drill comment, already taken place, signed up and was agreed prior to the advent of BP, hence the H1 promise......then came along BP the Goliath,, threw a spanner in the works....and the pre-agreed 'carve up' is all up in the air. It's not SRSP that are unhappy with the new proposals, but the consortium itself. In short, until the outcome of the BP talks, no one knows where they stand or what they're exactly getting for their services. If BP also want 'off-take' hydrocarbons for their services, that means the members of the original consortium will have to dilute their promised share to compensate BP's costs......and maybe they're not over the moon with BP turning up out of the blue. This was all ready on the cards before Christmas to go in H1........without BP.

[vatnabrekk] 22/7/2017 19:30

As I've said before, the delay has nothing to do with the BP deal, nor the need to find financing. Its all about the consortium trying to get their act together, trying to agree how to divi up the prize. As soon as they manage to agree upon those things, then everything else will start motoring.

[doug51] 22/7/2017 18:31

The thing i cannot fathom out is sirius has enough funds for the next 12 months(rns).licence to drill for 3 years(rns)?Is the BP Dr has been on about a loan agency.Just joining in on today's ramp ps rns stats we are now in a good position to start drilling second half 2017 .This has been confirmed with schlumberger friday pss Rns's are like a doctors reports you have to read between the( lies) to understand.

[astralvision] 22/7/2017 18:14

I'm afraid he hasn't got a point BP International finance or whatever is in the list of companies I gave. It's yet another company out of hundreds of companies that are owned or subsidiaries of BP.How hard is it to understand the simple point that large international companies like BP operate with a wealth of different companies appropriate to the country of jurisdiction , the operation it does or for any other reason BP sees fit.They are all BP , end of, no matter if you go through the complete list it matters not a jot, the end result is the same.Dear oh dear, some folks need a few lessons here.What an absolute waste of time this all is.

[htrocka2] 22/7/2017 17:41

SRSP, HAVOC, CANTORS, BP International Ltd, have offices all literally within a stones throw of each other.....and probably all drink at the a same pub dinner times...(and discuss Nigeria no doubt)














Address
20, Canada Square, Canary Wharf, London, United Kingdom, E14 5NJ




It would seem that DR HAS a point.' BP-OIL -International-Ltd' are a private venture (obviously backed by the main BP company). Havoc, Cantor, BP and Sirius are all niebours within the Canary Wharf complex. I've no doubt we're dealing with the private venture who are NEXT DOOR to SRSP in Canada Square.. It doesn't matter a hoot if the deal is with the main BP or at Private enterprise.....it's still BP in either case.







Cantor Fitzgerald Europe, One Churchill Place, Canary Wharf, London E14 5RB ·

Sirius Petroleum pl
Canary Wharf London E14 5RB ...

[1alfi] 22/7/2017 17:33

Would schlumberger be interested a marginal field which Sirius have a 40% working interest ? Or is there more to Sirius' s operation that is attracting larger company interest ?

[solarno lopez] 22/7/2017 17:21

Doc your latest research is brilliant and I will enjoy the laugh when your finding is revealed is

Thanks Doc and keep up the good work but reveal nothing on the board

[dr rosso] 22/7/2017 17:05

Why would BP PLC be interested in shoving $5m into a marginal field where Sirius owns a 40% working interest in the lease, when their two recent W. African deals were a $7bn Senegal project and a Nigerian $6bn methanol project?
Real BP PLC would no doubt be enthusiastic participants in a big cng/lng venture but there`s nothing in the rnss to indicate they`ll be engaging in any type of production. Let`s hope they are, of course.

I may be wrong and it is indeed real BP PLC doing what Shell Western did with Lekoil, a $15m offtake pre-payment facility, a foot in the door for the block assets.

[astralvision] 22/7/2017 16:09

Dr Rosso, believe what you will, but I'm afraid you are so completely and utterly wrong it is not worth arguing the toss when you've entrenched yourself in this ridiculous position.

[bennyfishery] 22/7/2017 16:08

"Except WE will not be the shareholders."

Sorry to contradict you Doc., but >58% of shares are held in nominee accounts . . . . . . . . . . according to the fake news we're all being fed.

Only time will tell, and it's running short.

Keep the faith.

[bridgecottagedancer] 22/7/2017 16:01

Sure fire winner here, will make the oil minnows on ADVFN look silly.

[jenny tulwought] 22/7/2017 15:57

Dr.R.,

You have based this theory on something you read in the press* - and placed so much
faith in said press, as to stake what remains of your own credibility, on the line.

How many people of sound mind & constitution, believe everything they read in the press
- or an RNS for that matter?
Surely recent history serves as a warning to take things: cum grano salis?

*Reference your post 68699.

[dr rosso] 22/7/2017 15:55

Not poss to rto into a State-controlled entity. Co. is doing exactly what it says on the tin. Working alongside FTSA partners ...to become the operator and this would trigger a reverse takeover under AiM rule 14 and require shareholder approval.
Except WE will not be the shareholders, and a brand new BoD/Mgement Team will be I/c. aimo

[detective captain sean signal] 22/7/2017 15:52

China took most of the attention, but didn't India also pledge to invest heavily in Nigeria? $15B?'India and Nigeria are in talks on signing an agreement in December (2016) by which India will invest in refineries, as well as in exploration and production of oil and gas in the African country, the Indian petroleum ministry said on Monday'BHARAT PETROLEUM Corporation Limited is an Indian state-controlled oil and gas company.

[dr rosso] 22/7/2017 15:42

Kindly tell me how BP is in the process of doing a first deal in Nigeria when they pulled off a $6bn deal 6 months ago.
While you`re at it, explain too why hundreds of millions of shares have been shifted around, largely in 500k/1m block trades. Not pi trading, is it?

[astralvision] 22/7/2017 15:35

Think it's only 'mysterious' to you Dr Rosso, everyone else is quite happy with it, including BP (the real one!)
As to 'solving' the 'first deal mystery' there is no mystery, there is nothing to solve, you are getting hung up on nothing.

[1alfi] 22/7/2017 15:31

Deal with Sirius is enclosed in confidentiality

[dr rosso] 22/7/2017 15:24

fwiw, I believe that this mysterious "BP" Co. that Sirius admits to being in talks with over first entry into Nigeria, heralds a completely transformational event that will dictate how the whole offshore campaign progresses, with the newly formed NewCo at the helm and Schlumberger-Havoc-ADD doing the technical work ie drilling/production. Considerably more important than a $5m offtake cash injection. imho


Btw, nobody has solved the "first deal in Nigeria" mystery, when BP PLC set up the $6bn methanol project in Jan.

[astralvision] 22/7/2017 15:09

No feathers ruffled here, just surprised at Dr Rosso's off beam (to put it mildly) 'research'. Not that it makes any real difference as it will all come out soon enough anyway.

[bridgecottagedancer] 22/7/2017 15:08

4p when news breaks without a breather !!!!!!!

[bronislav] 22/7/2017 15:00

Drrosso seems to have ruffled a few feathers.

[oakville] 22/7/2017 14:56

BP will make announcement about Sirius very soon, so I don't see why we should muddy the waters with silly gossip.