Sirius Petroleum Share Discussion Threads

[bronislav] 18/9/2017 11:11

I did hint last week that we may well be drilling.guarantee and owena operators so nothing stopping them.joa signed so the consortium would be hapy to get the well completed.Then when oil flows we can get our offtake moey and go in on other assets and then ..bye bye ,bye bye,bye bye, bye bye.all in my opinion of course.

[1alfi] 18/9/2017 10:40

Wouldn't the JOA have given the go ahead to commence the drilling campaign

[dr rosso] 18/9/2017 10:19

RIG DETAILS
Region: Africa - West
Rig Status: Drilling
Contracted: Yes
Derrick: Loadmaster 160' x 35' x 35'; Capacity: 1,500,000 lbs; Hook + Setback: 2,400,000 lbs
Drawworks: NOV D3000UE AC 3,000 HP



Contracted has switched from no to yes. Has NewCo now been formed, I wonder? Shareholders need to approve the transformation at GM, but in the meantime things can be processed behind the scenes in anticipation of new status. Can't drill yet however.

[1alfi] 18/9/2017 09:58

from Sirius website;-

This page, last updated June 2017,......................................

Investing Strategy
The Company’s objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the oil and gas sector. The company is currently seeking funding to bring the Ororo field (OML 95) in Nigeria (in which Sirius has a 40% economic interest with its partners Guarantee Petroleum and Owena Oil & Gas) into production. If successful it is likely that Sirius would become the operator and this would trigger a reverse takeover under AiM rule 14 and require shareholder approval. Following this, complementary or unrelated acquisitions in the oil and gas sector may be made.

[dr rosso] 18/9/2017 09:27

All the usual refs to "pipeline of assets" have been left out this time around.

[dr rosso] 18/9/2017 09:11

Last 5 HYRs out on 27th, 29th, 29th, 28th, 30th. Looks like OldCo will be disappearing very shortly.

[solarno lopez] 18/9/2017 09:05

Makes a change as they have been non compliant with the Companies Act for a number of years !

[pipelinepete] 18/9/2017 08:52

Accounts out two weeks early - strange. Clearing the way?

[1sonic] 18/9/2017 08:50

Status: Drilling

[solarno lopez] 18/9/2017 08:45

I am certain its all down to the time involved producing the Admission Document.

[bronislav] 18/9/2017 08:39

Solarno..I like your confidence but there is no way you could be that certain. unless of course.

[wiserthanyou] 18/9/2017 08:33

Confidence filling RNS..LoL

[solarno lopez] 18/9/2017 08:17

No they aint !

[xerot] 18/9/2017 08:06

We don't need funding only a few million for incidentals as funding is done with the partners. Like bron Says they are stalling for something.

[aventador] 18/9/2017 07:17

Half year report.
Good let's hope they get a move on now and get production under way asap.

[bronislav] 18/9/2017 07:16

Why do we still need funding to develop ororo.......still stalling.?

Its got to be the NNPC changes in the PIB in my view...Everything else is probably good to go but oml95 has the NNPC involved..

[jenny tulwought] 18/9/2017 07:07

I became all excited there - for a moment.

[dr rosso] 18/9/2017 04:43

Good article. Suggests that Schlumberger is in for a 20% working interest on each separate project. Q remains as to who gets the remaining 80%.

[twodegrees] 17/9/2017 09:55

Could this have any bearing on the furure of SRSP.




see especially the ;paragraphs re Nigeria.

[bronislav] 16/9/2017 08:16

Kwizza..agree that the signing off at top level may be important or pivotal....Sp is safe now as we are suspended and I dont buy the rhetoric about the AD taking months,there would have been a skeletal AD already written as all the imfo would have been known if its true we,ve had a data room.

[kwizza] 16/9/2017 07:55

Seems to me that we are waiting the all clear and rubber stamps from the
government to get this going

[euclid5] 15/9/2017 22:05

Take a note SRSP BoD's

From FRR's rns

"Frontera Resources Corporation (AIM: FRR), a European focused independent oil and gas exploration and production company, announces that, following queries from a number of shareholders, it has today updated its website (www.fronteraresources.com) to make information relating to its CPRs more accessible"

[dr rosso] 15/9/2017 20:28

Every DAY of lost production of 10k barrels is costing the consortium $400k. Production costs are $25 pb but reduce to $15pb when ppt exemption applies.

No rig movement or drilling until there is a formally designated field operator.

[drrichard] 15/9/2017 20:07

And BP will be happy at getting chunks of 500, 000 barrels at a $10 discount!