Sirius Petroleum Share Discussion Threads

[pipelinepete] 01/11/2017 08:32

This has 'isa 2018' written all over it zzzzz

[twentysixpointtwo] 01/11/2017 08:18

You seem very confident about this November news Bron. Is this a bit like the “return to trading before the end of September news” or something more than a hunch ?

[6cer] 01/11/2017 08:12

I don't care what anyone says but I still think that things are deliberately being dragged out. The question is WHY ?

[dr rosso] 01/11/2017 08:01

Contrasts strongly with the cover-ups, deception, fake messages and false promises we've had to suffer here over the years.

[bronislav] 01/11/2017 07:12

Interesting rns from echo this morning ..detailed imformation about assets and deal...After having to endure the strange way our sirius deals with its shareholders its refreshing to see a company that is transparent and open.Lets hope that the november news gives us some clarity and reward for our patience trust and support for sirius petroleum.

[drrichard] 31/10/2017 22:22

You betcha, Deadly. Only way is up.

[deadly nightshade] 31/10/2017 22:13

on a positive note to end the day oil broke 61 dollars today that is some positive when you think our bod were working hard trying to tie up deals when oil was 28 dollars. this must be putting us in a strong position here

[xerot] 31/10/2017 20:05

Does seem odd they can get these timelines so wrong. First half of year for oil yet we are near the end of the year and they've got a long way till oil I would say.

[deadly nightshade] 31/10/2017 19:45

interesting post there by dr rosso. if you remember back to when sirius raised the money for the equipment (christmas tree part) would that be the items that could possibly be being fitted now as part of the subsea work etc??

[drrichard] 31/10/2017 17:41

I agree re H1 target, Avantador, but there is still time for Schlumberger's H2 for things to kick off. And, indeed, for that good Christmas, which was also mentioned.

[htrocka2] 31/10/2017 17:26

Aventador...the BoD wrote that 'nonsense'.....if you don't believe what they say....your in trouble and wasting your time here.

[drrichard] 31/10/2017 17:17

Avantador, I can believe re starting the business model from scratch but not that we can throw out all the previous RNS. The mantra of CN et al has always been, read the RNS-it is all there.
In your excellent AGM summary you said "Jack Pryde said once Ororo is proved "other assets will follow".

[aventador] 31/10/2017 16:45

Htrocka quoting more nonsense from 2012 from which if he had attended the agm last year he would know they said was all completely irrelevant as they only have the ororo field and had to basically start from scratch a year or so ago.

[dr rosso] 31/10/2017 16:20

"The field is tied back to an integrated platform that is designed to serve the entire cluster. The development involved drilling of 12 subsea production wells, and the construction of a drilling and production platform. The drilling was carried out in two phases.

The Kebabangan platform is a floating platform with the capacity to handle 825 million cubic feet of gas (mcf) and 22,000 barrels of condensate a day."


So what's going on at O2 prior to drilling the Ororo field? It'll be a case of setting up the subsea infrastructure incl the platform, a hub facility servicing a cluster of outlying Chevron stranded gas fields. I'd say we are talking around 220mmboe in the first instance.

Despite the Ororo front deception, many here now recognise that there is a big gas venture taking place to complete the OML95 block. Then onto adjacent 241.

Almost certainly, that's what PG consultant was overseeing. Detailed engineering takes time .....

[htrocka2] 31/10/2017 16:12

drr..... this is why I believe they'll announce that it will be an extended 'double' drilling campaign. The outcome could shove the share price closer to double figures.




RNS 22/11/2012

Following completion of the FDPs, which will establish the optimum development strategy, and subject to the successful conclusion of its funding initiatives, the Company intends to execute the farm-in agreement for the Oil Block, following which the Company will work with its partners, to put both the Ororo Field and the Oil Block into production, as soon as is practicable.

[1alfi] 31/10/2017 15:23

Agree bron and also taking into consideration the time that has lapsed since the seabed survey.

[drrichard] 31/10/2017 15:23

Bron, do you not think that if there was activity at Ororo it would have leaked? So much re ship and rig movement is in the public domain or seen on Google Earth that I find it hard to believe that there has been drilling, although I would love to be proven wrong.

[bronislav] 31/10/2017 15:18

Would of thought it would have been drilled by now if cosl were on board ..kind of gets you thinking ..something changed as I doubt bobo was misleading when he expected oil by H1.

[drrichard] 31/10/2017 15:12

I agree Ht. I think Ororo is worth 2-3p rising to 5-8p with good drilling. The elephant in the room is, of course, are BP, Schlumberger, ADDEnergy and COSL et al here for a share of Ororo. or for our "shallow offshore development project" and just what that might be we are , I hope, about to see.

[htrocka2] 31/10/2017 15:05

Aventador...We'd all like to see this at 10p, ie 'double figures'....(with all the shares in the pot allocated that's a valuation of £400m).....it's going to take a bit more than just 40% of ORORO to reach that number I'm afraid.

[aventador] 31/10/2017 11:53

Rocka most where sitting on a 50% loss before we de listed it can't get much worseWe want this company up and running and to see the share price in double figures asap.

[htrocka2] 31/10/2017 11:50

Isonic.... Many of the worlds top fund managers and bankers, including Warren Buffet,, etc, all believe that the markets are currently 'toppy' and due for a severe correction, hence have a majority of their assets in cash and waiting to get back in after the downturn. The point being, that should this expected downturn occur while we are still suspended....you'll be thanking the BoD for keeping your money safe.

[1sonic] 31/10/2017 11:50

12 months really?

[pipelinepete] 31/10/2017 11:48

Would not be surprised if it went a full 12 months, already been 3