Sirius Petroleum Share Discussion Threads

[pipelinepete] 14/8/2017 07:19

Deal done - could be a busy week of news flow :)))))))))))))) Suspension? Congratulations to the team, appreciate the hard work.

[bronislav] 14/8/2017 07:19

Jjcamargo...could phone BP.plc and ask them to confirm.Also would BP themselves be expected to rns it.

[jjcamargo] 14/8/2017 07:13

But how can you be sure that the quoted BP (LSE:BP), one of seven supermajors, is *the* BP??

[aventador] 14/8/2017 07:13

The only way is up finally boom.

[mr roper] 14/8/2017 07:10

Aaaaaaaaaaaaaaaaaaaarrrrrrrrggggggggggggggggggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!youuuuuuuuuuuuufcccckkkinnnnnnnnnnnnbeeeeaaaauuuuuttttttyyyyyyyyyyyyyyyy!

[dluk] 14/8/2017 07:06

BP Deal rns out!!!

[vatnabrekk] 13/8/2017 21:12

Presumably the COSLPower's AIS system is switched off. Perhaps that's deliberate as the owners may not want anyone to be able to track it at the moment. I would expect that her AIS will remain switched off while she is being transported on board a heavy load vessel, and only come back on once she is on location.

So the only way we will be able to track the rig is when we know which vessel is transporting her. The Xiang Rui Kou is one such possibility as it is the only heavy load vessel large enough that I can track in the vicinity at the moment, but of course no guarantee that that's what is happening.

[qprallan] 13/8/2017 20:57

What I find strange is if you go to the marine traffic website and put in a search for COSL Power, nothing appears but if you put other craft names in they appear:




Its just as if she doesn't exist (but we think that anyway)

[bennyfishery] 13/8/2017 19:53

I'm sure that the location of this 'elusive' rig is known by it's owners and our Board of Directors.

Let them get on with it . . . . .

[vatnabrekk] 13/8/2017 19:34

Of course there is no guarantee that she is going to Labuan. She could easily turn slightly to the left and head for Korea, where a lot of heavy loads are coming from at the moment, many of them going to locations in the North Sea.

[riskybisky] 13/8/2017 19:24

Can see her here showing her semi submersible capability:

hxxps://youtu.be/DTc5YtpVfU4

[hazydaisy] 13/8/2017 18:10

You can see her on a sister ship back in 2013

[vatnabrekk] 13/8/2017 17:28

Now there's probably nothing in it, and I don't want to get anyone excited over nothing, but the Chinese Large Heavy Load Vessel Xiang Rui Kou has been lying at anchor outside of Singapore harbour limits since 27th July. This afternoon she has set sail in a NE direction on a course which, if maintained, will take her to the vicinity of Labaun.

I'm not suggesting anything, just saying!

[vatnabrekk] 13/8/2017 16:04

But seriously, who knows. We're dealing with a very complex situation here, lots of very powerful, very wealthy, egotistical Nigerians, and several different agendas. Personally I think SRSP will either get bought out and paid handsomely for its services in arranging everything, or be merged into one or more of the other companies as part of the consortium. Either way, I'm confident (at the moment!) that we shareholders will end up "all right".

[vatnabrekk] 13/8/2017 15:57

Sorry, I'm not allowed to tell you that!

[doug51] 13/8/2017 15:35

Vat how do you expect all this to end?

[drrichard] 13/8/2017 14:23

Floats my boat, Vatna. Got it in one for me.

[vatnabrekk] 13/8/2017 14:16

Yes drr, it's my understanding that SRSP are the appointed agents for the consortium as a whole, as the co-ordinators. Of course at this stage we don't know exactly who the consortium consists of, but it's a fair bet that it includes Owena Oil (possibly at the top of the pile) with Guarantee, and maybe, just maybe, SRSP if we don't get paid off and ditched when the drill starts turning. Also, of course, a few dozen wealthy Nigerians.

Also I'm not sure if we should regard Add Energy, Schlumberger, Cosl, and Tidewater as part of the consortium, but they are clearly some kind of partners in the deal, not just service providers.

As I've already said, it's my own personal opinion that BP is not part of the consortium, just a potential "customer" to buy the oil/gas whenever it flows. Of course I could well be proved wrong.

HT: I suspect that the hardest part is not to get consensus regarding the BP agreement, but for the Nigerian consortium / partners to reach consensus amongst themselves!

[htrocka2] 13/8/2017 13:50

I can imagine that a lot of connected parties are involved with these so called srsp/BP talks....and all need to reach a consensus.

[drrichard] 13/8/2017 13:36

And may also be acting for our Nigerian partners, too?

[vatnabrekk] 13/8/2017 13:20

Well, not really HT. Probably BP pulled themselves in when they knew what was going on and they wanted to get their hands on the oil when it begins to flow.

And I'm also suggesting that SRSP is really only acting as "agent" for the consortium, in order to arrange the financing etc. and the service contracts for them. I don't think that's in dispute, is it?