Sirius Petroleum Share Discussion Threads

[htrocka2] 11/1/2018 14:29

drr...rig news next week..

[qprallan] 11/1/2018 13:41

It can't make up its mind:

[drrichard] 11/1/2018 13:17

Tick tock, Ht. Getting ever closer

[vatnabrekk] 11/1/2018 13:13

I think they're telling porkies!

[aventador] 11/1/2018 13:09

Shame the share price ain't moving.

[htrocka2] 11/1/2018 12:49

I's moved from 'cold stacked' to 'ready/warm stacked' to 'operational'

[bleemster] 10/1/2018 19:04

Let's see if the single post gives an rns and I'll be converted into a believer.

[qprallan] 10/1/2018 17:31

I had a vision you would say that astral

[astralvision] 10/1/2018 17:26

prefer the 1m just afterwards.....

[qprallan] 10/1/2018 17:21

For the believers, there was a 1 share trade at 4.29pm

[dr rosso] 10/1/2018 16:08

The Co. modestly informs of a 24mmb contingent resource. The reserves reality is going to be considerably higher than this. The Upper Zones are likely to be proven up 2P in the region of around 80mmb, whilst the deeper sands HIJK are likely to hold 3x that amount. GCA/Schlum have that latter estimate in cpr. Ororo total is going to be well above 300mmboe, but even this pales into signifance when alongside a Block that is 10x bigger.

[htrocka2] 10/1/2018 15:37

'The reason why we didn't drill earlier was 100% down to finances not being tied up, absolutely nothing with us fitting in around Havoc/ADD'


Not totally true.....if we miss this drill deadline...the rig is already booked for the latter half of 2018.


'The reason why we didn't drill earlier was 100% down to finances'

For years SRSP has been struggling to access cash, to be honest, we nearly made it with the Del Sigma deal, however, has it not crossed your mind that Havoc are to pump $40m into the ADD/Havoc deal...without a blink of an eye. ...Havoc themselves are cash rich.

[drrichard] 10/1/2018 15:17

Some nice buys going through my friends.

[sherl0ck] 10/1/2018 11:59

As we inch closer to $70 Brent I recall a conversation with a Director back in 2016 when the oil price was rock bottom. He described that it was critical to Sirius’ strategy to ensure everything worked even at low prices and that it would stand us in very good stead when the cycle turned. His exact words were “we should be incredibly profitable at $60 and beyond”. I assumed then, as I still do, that he was talking more holistically about our potential portfolio of assets and their development and not just about Ororo in isolation.

[astralvision] 10/1/2018 11:14

The reason why we didn't drill earlier was 100% down to finances not being tied up, absolutely nothing with us fitting in around Havoc/ADD.
Also re saving costs on transportation of COSL Power, who cares? We aint picking up the tab till the rig is in position, it's all in the AD.

[htrocka2] 10/1/2018 11:09

minichris...that the same photo as in the ADD/Havoc partnership


We'll find out by February latest..(from the site)

'Anticipated work-flow expected to involve market updates in relation to resources for the Nkembe PSC and confirmation of securing a suitable rig to complete the appraisal well on Loba Discovery and test Loba Deep.'

A closer look at the ADD/Havoc programme, being a major 377m pbpd poject , dwarfs the ororo drill, hence, as far as Havoc/Add are concerned, takes priority over the SRSP drilling programme therefore since the planning of their project looks as if it began about November 2017, may well have been responsible for the delay in drilling Ororo1 so as to co-ordinate the efficient use of the rig.

[minichris] 10/1/2018 09:36

This one HT? lol

[vatnabrekk] 10/1/2018 09:33

By the way HT, the Coslpower started life as the Wilpower when it was built in 2006. I'm not sure when it was sold to COSL and had it's name changed, but I've seen photos of it in 2009 by which time it was called Coslpower.

[vatnabrekk] 10/1/2018 09:29

Will we have finished with it by then? Or will we want to use it for the rest of our "pipeline of assets"?

[htrocka2] 10/1/2018 09:19

Isonic...

'The rig on page 4 of the pdf doc. is definitely Cosl Power (if you zoom in you can read the name on the side'

The interesting bit is the timing, Havoc/Add Energy have booked the rig for 'late 2018'...after we've finished with it...everything ties in.

(you never know the ADD/Havoc partnership may be contributing towards the transportation costs from Asia)

[1sonic] 09/1/2018 22:04

Zoom in far enough, Bobo having cream tea with John Bick and the bod!

All talking about how they can keep us in for the next 12 months...

Wish they would all zoom into my life!!!!! Maybe the heartache and headache, yet alone my money!

Time will tell but the days roll into years I’m slowly turning into an OAP!

Not long now!

What will come first AOP or ROI?

[vatnabrekk] 09/1/2018 21:45

HT: The rig on page 4 of the pdf doc. is definitely CoslPower (if you zoom in you can read the name on the side) but not sure about the rig at the top of page 2.

[htrocka2] 09/1/2018 21:13

rod99...I like it...considering the fact that our COO is also the CEO of ADD Energy who seems to have found a niche in the market by initiating the 'transborder' concept for smaller gas fields.

[rod99] 09/1/2018 20:48

Ht I noticed this link from your article, surely relevant to us in the long term.


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Add Energy in plan to unlock world’s smaller offshore gas assets with Transborders
October 17, 2017
Unique proposal using small FLNG vessels for stranded fields will save industry billions of dollars
Add Energy, an international energy consultancy provider, has partnered with Transborders Energy (TBE) and joined forces with TechnipFMC and MODEC to create a unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development.

The new business model targets discovered gas resources of ≈ 0.5 to 2.0 trillion cubic feet of gas that have little value to their current owners because they are either in remote locations where tieback is capital intensive, or lack an economically viable development concept.

Key to the model is the deployment of an innovative small scale FLNG vessel. Rather than investing up to five years in identifying a gas resource, understanding its size and potential and creating a bespoke development concept, the new model establishes a pre-defined concept incorporating the use of a ≈1.0 million ton per annum FLNG vessel and applies it to fields that fit the concept.

This low cost concept represents a radical change in gas field development and will unlock hundreds of the world’s previously uneconomic smaller natural gas plays.

FLNG_ON_CARRIER_HULL_2+90degRack_RM.jpg
TBE Managing Director Daein Cha said: “The economies of scale pursued by mega projects have not eventuated. They are too capital intensive and risky in terms of resilience and flexibility for what is a commoditizing business.

“However, the deployment of our pre-determined, low cost small scale FLNG concept on already discovered but stranded resources with innovative financial and commercial structures delivered by a small but high caliber team establishes a new value proposition to the resource owners and LNG buyers.”

Add Energy will manage the drilling operations, maintenance, safety and risk management of the projects and is the exclusive partner to engineer, procure, drill and operate the wells.

TechnipFMC is a global leader in engineering, procurement, construction and installation (EPCI) of oil and gas projects. It is an industry leader for FLNG and subsea, umbilicals, risers and flowlines (SURF) and is the exclusive partner for TBE to EPCI the SURF and the FLNG vessel

MODEC is a global expert in EPCI, operations and maintenance of floating production systems. It is the technical adviser for the EPCI of the hull, LNG tank and turret mooring system of the FLNG vessel, together with the operations and maintenance of TBE’s FLNG vessel.

Offshore Australia has been identified as suitable for an initial pilot project, with a target resource to be confirmed early 2018 and the project to be reach Final Investment Decision ready by 2020. TBE is also in discussion with resource owners of other jurisdictions to pursue global opportunities.

Eduardo Robaina, VP for Well Engineering, Add Energy, said: “LNG development is currently focused on fields with large scale volumes between 5 and 10 trillion cubic feet or more. However, a supply shortage in LNG is expected from mid 2020 due to demand growth and a failure to proceed with new mega project developments.

“Large scale LNG projects typically involve up to five years of front-end engineering and design work and a further six years for EPC activities, but new projects need to progress now to capture this upside.

“The Transborders’ concept enables the development of previously uneconomic resources at a much faster pace than that of mega projects and will help feed the growing demand for energy, initially in Asia and elsewhere. Add Energy’s role will be to ensure well construction, maintenance and well intervention activities ,are carried out in accordance with best practices and industry standards.”

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