Sirius Petroleum Share Discussion Threads

[detective captain sean signal] 13/1/2018 00:45

Have you moved over to the production camp, Dr Rosso? What do you make of all the trading that went on @ 0.85? I notice that is the average now of a lot of the Twitter crew.

[dr rosso] 12/1/2018 21:13

"The Ororo-1 well tested at c. 2,200 barrels of oil per day ("bopd") from a single zone, and ca 600 bopd from another; two further zones tested gas, and eight zones remain untested."

New bar for big funding has been set at 2700. No-brainer. A drill over 30 years ago can pull out 2800 from G (2200) and D3 (600). A super-sophisticated HPHT rig drilling O2 through D1, D2, D3 offset into G and 500 feet further into HI is going to have no prob whatsoever hitting that 2700 min target

[dr rosso] 12/1/2018 19:42

19th Jan = rig mobzn ($3m paid) + O2 infrastructure sorted. 30 days to cross the Indian Ocean, 2 weeks hook up. Spud early March.

[vatnabrekk] 12/1/2018 18:30

Well, the GM was held on 18th December, so one month after that would be the middle of next week. Personally I think that's a bit optimistic, but that's just my opinion.

To suggest that they could start drilling about a month after mobilising the rig is, in my view, very optimistic, assuming that they are mobilising from Labuan. The journey time will obviously depend on the speed of the Heavy Lift Cargo Vessel used, but I very much doubt if they can do it much quicker than 30 days, perhaps up to 40 days. Then they have to get the rig into position and get themselves organised for drilling. So another week, perhaps more?

Bobo stated recently that they hoped to mobilise the rig in January (ties in with above) and to have the rig on location and start drilling in March. That sounds more reasonable to me, with first oil possibly towards the end of March, but more likely into April.

All IMHO.

[drrichard] 12/1/2018 17:37

My reading too, Ht.

[htrocka2] 12/1/2018 17:29

I'm still going for rig mobilisation news next week.



from the AD
8. Current trading and prospects for the Group Assuming that the Proposals are approved at the General Meeting and completion of the Placing is by no later than mid December 2017, the Directors expect to immediately instruct the commencement of technical services for the Ororo
2 well drilling programme, with rig mobilisation expected approximately within one month from Admission and the start of the drilling of the well expected within approximately two months from Admission. Assuming that the results of the drilling programme are as expected, then the Directors anticipate production commencing in March 2018, with cash flows from production anticipated to be realised by the Company shortly there after'

[qprallan] 12/1/2018 16:56

BMD = P&D IMO

[astralvision] 12/1/2018 16:54

drrichard Posts crossed there, yes, I agree 100% with you on that one.Sorry re BM, he just gets on my goat!Onwards and upwards, have a great w/endAV

[drrichard] 12/1/2018 16:47

next two to three weeks, Astral should see some real progress I reckon

[astralvision] 12/1/2018 16:44

iLeemanWhy do you think most/ all of the placees would wish to sell out the moment they are in profit >1p?I would suggest it is far more likely that these informed investors are looking for a much much bigger reward than a few paltry %.Generally, what a great end to the week! Near term operational news and the strong possibility of further asset news combine to give a great driving force. Always be buyers or sellers, that's what makes a market, but, imo, this is only heading one way and that ain't south, it's a long long way north. Happy days and we've not even started. Looking forwards immensely to seeing a fantastic plan take shape.

[drrichard] 12/1/2018 16:41

Brokerman Daniel, for what it is worth!"
Mr Daniel Levi (Sinner)‏ @BrokermanDaniel · 46m46 minutes ago

Whispers of big news in the pipe-line #SRSP Could come next week. Lot of rumours flying around. That's because their brokers leak like a sieve lol!!!

[undertaker] 12/1/2018 16:20

must be a huge buy Order being filled!

[edgein] 12/1/2018 16:17

Didn't think we'd see much action before March, but its lively this afternoon.

Regards,
Ed.

[ileeman] 12/1/2018 16:08

Looks good, but you would think there is another 500-1billion volume to go before placing shares at 1p clear.

[solarno lopez] 12/1/2018 15:47

I hope not Pete look what happened to the Thunder Horse Rig

[undertaker] 12/1/2018 15:38

somethings going on...boom boom time?!

[twodegrees] 12/1/2018 15:21

The rocket has been charged. It is time for lift offffffffffff

[aventador] 12/1/2018 15:12

Late flurry appearing hopefully get some more useful news next week move us above a penny again.Have a good wkend guys try not to think about this for a couple of days lol.