Sirius Petroleum Share Discussion Threads

[deadly nightshade] 14/12/2017 10:59

if we look at it from a logical point of view we now have 30% ish more shares in issue so from a maths point of view current share price is about right. it all boils down to now if the bod can keep true on timeframes. another bonus is that the 1p place people are currently out of pocket and hopefully the bod will not get nothing untill ororo is flowing so there is plenty of insentive for them to finally get this project moving

[aventador] 14/12/2017 10:25

True when I'm at break even it will be tempting to sell out but that means iv wasted nearly a decade of stress for no return with this company. 60kbopd plus at increasing oil prices with possible more assets to come the price down the line will be inevitably higher and more profitable it could come sooner.Problem has been timescales and the dilution to stay afloat and fund it all. It could be far worse than the 1p level we sit at and the placees where happy to take them knowing what's what.Just have to wait a bit longer and we could all do well at some point along the line. Some will be profitable sooner than others some in profit already so it will be up and down as we go.

[bleemster] 14/12/2017 09:42

It is obviously the BoD are losing the trust and faith of the SHs hand over fist. They tie up our money and keep the price down to a level where we are not rich and not able to retire. The question is when oil is flowing will the funds be tied up elsewhere on other projects? This seems impossible to to company overall value but for some reason with massive buys the price still doesn't fluctuate by much... long story short I think as we make a certain level of money we will drop off one by one. We have been lied to for years... why should we keep our money invested in this? I'm invested in the product but DEFFO NOT investing in the feedback the BoD gives us.

[bumhammer] 14/12/2017 09:24

Very good points Rocka2

[htrocka2] 14/12/2017 08:34

DR...

"60k bopd easily achievable"

That number was promised four and half years ago, without the assistance of the current contracted team of Havoc, Shclum, COSL,....etc, etc (not to mention BP). I should imagine that estimate must now be well and truly surpassed...(and that's without any mention of gas equating to 5800 cubic feet/per barrel of oil)

[aventador] 14/12/2017 08:15

Morning all let's be positive nearly Xmas agm and gm coming bound to be more rnss near term we are fully funded we have an actual plan in the new year for production we have BP yes BP on board we have a great bod and are so set for a rollercoaster year with new highs and lots of oil.Ho ho hoRoll on the good times buying in now is an absolute steal.Blue day sunny day ahead.

[bumhammer] 14/12/2017 07:51

Good morning everyone, here's to a great day :)

[vatnabrekk] 14/12/2017 00:09

In 2009 Centrica bought Venture Production for £1.3 billion. Venture Production was producing about 49,000 bopd.

[dr rosso] 13/12/2017 22:34

Mammoth venture is kicking off. With it comes the need for Sirius to contribute to equally mammoth funding demands. An easy start would've been to contract a local rig and conduct a simple drilling exercise. But no, they chose to bring in some big partners for the whole package. And that means raising cash to get the ball rolling.

$3m for the COSL rig
$1.9m for the 2 Tidewater vessels
£2m to somebody else


"60k bopd easily achievable"

[xerot] 13/12/2017 19:13

This smells like a postman's sock at the moment. They really do need to get something out that will shift the price for the long suffering holders. It seems no matter what happens the price does not react to anything. We are stuck at 1p and below, the placees must feel bad knowing they've put a lot of money in and this is going downwards with no sign of reversal. Shame as I thought we were getting somewhere with this.

[aventador] 13/12/2017 18:49

Lol.
Will they deliver some share holder value this Xmas or will it be a lump of coal again in our smelly old stockings.

[cornishtrader1000] 13/12/2017 18:49

Rich take a chill pill 'Pal'. This is not what hoped following re-admission, far from it. However we still have the partners onboard and Mr Lyon still around. No doubt we'll get some news ahead of the next two scheduled meetings.

[qprallan] 13/12/2017 18:35

I would like to think something positive will be released very soon, at least before the BOD have to face investors at the upcoming meetings.

[astralvision] 13/12/2017 17:28

Short term gyrations, imo.
If you believe that SRSP is fully funded, has world class partners and near term drill plans as well as possible further assets, then days like today are opportunities to buy.
I realise that some want opportunities to sell, at a profit, and nothing wrong in that. It's coming.

[drrichard] 13/12/2017 17:26

Nothing has changed guys. Sentiment and worries re dilution and BoD ability to deliver is the problem. If you have confidence that the BoD can pull it off then hang on. If CN fancied a top up then that is surely a signal that all is going well.
Lets get the GM vote out of the way and see where we then.

[aventador] 13/12/2017 17:24

Seeing this plummet isn't what i expected after funding and the ad doc i was expecting this to rocket.
Come on srsp sort it out.

[astralvision] 13/12/2017 16:32

wasn't quick enough to take advantage of the 0.85p offer, shame.

[deadly nightshade] 13/12/2017 16:19

not sure what all these 1 trades are but share price just appears on a massive down trend no matter what price you top up at it just gets cheaper

[qprallan] 13/12/2017 16:03

what is it with all the 1 share trades. Been 4 now 2 more today after 2 yesterday, At least they are all buys.

[aventador] 13/12/2017 13:22

Been a long bumpy ride here that's for sure.

Thing is as stated we are literally after all these years only now just on the starting blocks we are finally cashed up and ready to roll.

Let's just hope now they get on with it, no more nasty delays and deadlines missed again in 2018.
Some big buys of late well they appear to be which has to be a good sign and Bp and alike surely have done there due diligence, I'm sure ororo alone doesn't require 100m plus funding to get going.
Now is the time to be buying in.

We still maybe pleasantly surprised.

[deadly nightshade] 13/12/2017 12:59

xerot this if my point of view we need ororo flowing and profit rolling in that way the market can't argue or denie the fundamentals. if sirius stick to the time frames this time there will not be a problem. other then that i suppose the old saying follow the money is the best theory we have to go on and some person bought 190,000 worth of shares the other day