Sirius Petroleum Share Discussion Threads

[htrocka2] 25/7/2017 14:59

Vatna.. We've been down that road already...





'Glencore is an integrated oil producer and supplier and handles the physical supply of some 3% of the world's daily oil consumption. Glencore and its subsidiaries market crude oil and oil products globally and its supplies are acquired in part through long-term contracts from key-producing countries, as well as by traditional short and medium-term purchase agreements. Glencore have existing interests in West African oil assets and have a successful track record of bringing upstream assets into production'

Sounds good to me.....so what happened?

[vatnabrekk] 25/7/2017 14:01

ht: I agree with drr that if BP (or BP Oil, or who-ever)has gone for an off-take agreement, presumably for oil, then that's a strong indicator that they are not looking for a share of the licence, nor to become involved in the operations. That would suggest that they (BP or who-ever) is simply looking to be a customer and that they are only after getting their hands on the product.

If the take-off agreement is for oil and not gas, which I think is likely, then that would fit in with Nigeria's strategy of keeping the gas for their own domestic use.

[twentysixpointtwo] 25/7/2017 13:49

I don't think you lot are taking Rosso seriously. He said east of Rochdale. It has to be Barnsley Petroleum.

[pipelinepete] 25/7/2017 13:30

Bountiful Proceeds

[detective captain sean signal] 25/7/2017 13:24

Bennedict Peters

[drrichard] 25/7/2017 13:10

Sherlock, don't you mean Brighton Petroleum? You missed them!

[xerot] 25/7/2017 13:09

Sherlock lets hope so and it doesn't go on for another 10 years.

[astralvision] 25/7/2017 13:07

It's a complete and utter mystery who BP could be then! LOL!

[6cer] 25/7/2017 12:19

Pete - are you talking about finally coming out of the closet ?

[1sonic] 25/7/2017 12:17

Looks like Vito was right. Boom

[pipelinepete] 25/7/2017 12:16

Looks like everything should be out in the open very very soon.....at last!!

[qprallan] 25/7/2017 12:11

Anyone want a RIG update ? (fwiw)


Just had a reply to another email I sent:

Hi Allan,



We have her as ready stacking in Singapore still - mobilization dates are 20th July to 14th Aug. The contract in Nigeria supposedly starts on the 15th Aug, so she best get cracking if she wants to get there on time!

Can't say if we've been monitoring her on a daily basis, but as and when something is announced, it should be updated accordingly…



If you would like to check back occasionally, I'm happy to provide you with what we have at the time.



All the best,

Nic

[vito corleone the 2nd] 25/7/2017 11:56

Old men are wise, something is about to happen.

[1sonic] 25/7/2017 11:48

Adventador: I can't :)

[aventador] 25/7/2017 11:40

Can see this dragging on for months still no sign of news of any excitement with current trading patterns.

[htrocka2] 25/7/2017 11:26

drr... another minor point...

'Western Sahara has remained virtually unexplored due to its post-colonial occupation by Morocco. Despite a lack of international recognition of its claim to sovereignty Morocco recently awarded exploration rights to Kosmos Energy, Cairn Energy and Total amongst others which directly conflict with those awarded to Calima and Premier by the Saharawi Arab Democratic Republic.'


I imagine that HAVOC, who probably set this deal up, are also at the negotiating table, this is probably nothing to do with the current situation however, BP, who recently took over Kosmos Energy, are in dispute with Calima, owned by Havoc, over awarded exploration rights in Western Sahara.(no friendship lost between these two then).

ref Havoc website.

[1alfi] 25/7/2017 11:20

Ht - sirius ended up with a bigger % of ororo than did owena so why not so with 241, given that we do actually have any part of it.

[1sonic] 25/7/2017 11:06

All looking good now.... soon, very soon we will see our pot of gold. :-)

Some will get their finger burnt and wont be able to get back in.

MUGS

[htrocka2] 25/7/2017 11:00

O/T... the world may soon be looking for alternative sources of gas.



drr... that's yet something else that's on the negotiating table...BP have gas contracts elswhere that need to be fulfilled, whereas Nigeria want's to keep the gas in the country for power generation and their own commitments.

[drrichard] 25/7/2017 10:48

If BP has stated a preferred offtake arrangement, rather then getting into operator status, then then percentages don't change, just the margin that SRSP would get after BP's bite. We still get the gas though.

[htrocka2] 25/7/2017 10:41

vat... So what have we got? (let's put LEK to one side at the moment as approval for the 1% was not given). I suppose we can presume that SRSP' cut into 241 comes via Owena Oil and Gas....therefore I doubt that srsp's slice of the cake would be larger than the operator....let's say 20% max., that reduces Owena down to 60% so as it stands at the moment we have 20%+20%+60%....now who's going to give up what to allow BP to come into the game?