Sirius Petroleum Share Discussion Threads

[bigalan3] 14/8/2017 13:48

Anybody know what is the estimated total oil in place in the field.
Thanks in anticipation.

[drrichard] 14/8/2017 13:45

Welcome. Mostro. BP in, partners must be happy. Next stop finance, final partner and rig mobilisation. Presume , given BP are in, that it wont be long as we have a $10M carrot dangling in front of our noses. Hell, we could borrow against that! Gets us started!

[mostro] 14/8/2017 13:41

First buy here, got some at 1.28p
Here's hoping!!

[oakville] 14/8/2017 13:03

Just bought more...

[1sonic] 14/8/2017 13:00

Interesting podcast - this is going to boom!

[cautoussid] 14/8/2017 12:36

any one here any links for the podcast

[cautoussid] 14/8/2017 12:34

moving up now, full ask

[cautoussid] 14/8/2017 12:34

podcast out

[oakville] 14/8/2017 12:33

Why is this being kept down?

[oakville] 14/8/2017 12:33

If there was 100 Billion the share price would go to 1.4p !! lol

[grahamandkay] 14/8/2017 12:32

This is finishing flat, isn't it :Oo!!! New to the share and held off selling this morning, possibly regret it in a week or so. Upped my stop loss this morning but have since dropped it twice! ha

[jangobatley] 14/8/2017 12:32

Thought this could be the week. Keep an eye on buys after 3pm.

[bigalan3] 14/8/2017 12:27

Could someone tell me how many millions of barrels of oil could possibly be in the field. Thanks in anticipation.

[cautoussid] 14/8/2017 12:21

astralvision ,who dont know who the chunky buyers are here ,may be that is who one of chunky buyers here

[qprallan] 14/8/2017 12:13

The following is part of the email I received on 25th July:

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!


The "Power" could be on our doorstep and we don't know it !

[falia] 14/8/2017 12:10

GUYS CSFG WORTH £2+ DONT MISS OUT

[bennyfishery] 14/8/2017 12:01

Anyone remember Hissing Sid?
I think he's been resurrected.

[cautoussid] 14/8/2017 11:57

BP Oil International Limited operates as a subsidiary of BP Plc, a multinational oil and gas company and is one of the world's seven oil and gas supermajors. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy interests in biofuels and wind power.



As of 31 December 2016, BP had operations in 72 countries worldwide, produced around 3.3 million barrels per day of oil equivalent, and had total proved reserves of 17.81 billion barrels of oil equivalent.



Bobo Kuti, CEO of Sirius, commented:

"The revolving prepayment facility and offtake agreement with BP supports the multi-well campaign on the Ororo field. It underpins our strategy to develop Ororo along with our world class oilfield service partners COSL, Schlumberger, and Add Energy. In addition, the relationship with BP will enhance our development programmes in Nigeria going forward."

[cautoussid] 14/8/2017 11:57

14 August 2017

Sirius Petroleum plc

(the "Company" or "Sirius ")

US$10 million Revolving Pre-payment Facility & Offtake Agreement

Signed with BP Oil International Ltd ("BP")



Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following completion of technical due diligence on the Ororo field, the Company has entered into a US$10m revolving pre-payment facility ("Pre-payment Agreement" or "Agreement") and commercial offtake agreement ("Offtake Agreement") in respect to the sales of the crude produced from the Ororo Field, with BP Oil International, a subsidiary of BP (LSE: BP).



The Agreement provides for the Company to draw down up to US$10 million, in pre-payment finance following commencement of production from the Ororo Field. The interest rate on any pre-payment amount drawn down will be charged at Libor + 9% per annum and will be repaid from crude oil sales.



Under the Agreement, Sirius can request that BP provides pre-payment finance for either or both of the first two cargos of crude oil, each for up to US$10 million, scheduled to be lifted in 500,000 barrel parcels or more. The prepayment facility will be conditional upon the Ororo field achieving certain daily production levels, which are lower than the flow rates previously achieved by Chevron on Ororo 1, which have been underpinned by the recent Competent Persons Report ("CPR").

[qprallan] 14/8/2017 11:56

falia - What is the connection with SRSP ?

[qprallan] 14/8/2017 11:53

Be careful Sid you are taking over this board !

[falia] 14/8/2017 11:51

GUYS CSFG ALL BUYING NOW UP 60%