Sirius Petroleum Share Discussion Threads

[drrichard] 16/3/2018 16:31

Thanks, guys. And it looks like we have held 0.85. Lets see what next week brings.

[handygandhi] 16/3/2018 16:24

Comforting to see some action, nevertheless
There's certainly liquidity in these shares 😂

[solarno lopez] 16/3/2018 16:21

Again spot on AV

[astralvision] 16/3/2018 16:20

Just to say there is no conspiracy when buys are reported as sells and vice versa.The system is archaic in this day and age but there we go.PsHaving tried out IG Index to satisfy myself, they are indeed taking long bets and are covering them in the market, (they don't always do this)and I can clearly see my modest purchases marked as 'sell', just because you can buy under the mid right now and hence all such buys will be marked as sells.

[solarno lopez] 16/3/2018 16:19

Spot on AV

[astralvision] 16/3/2018 16:16

Quite a few of those sells are in fact buys, eg .8635pDon't forget the trades are reported but there is no buy or sell attached to the trade, the best that ADVFN and others can do is take the mid and everything above is a buy, below is a sell.Best indication over any reasonable length of time is the sp, seems to me recently , give or take, there are as many buyers as sellers.If what we think is going to happen here happens then all this stuff is just noise on the way, although I would prefer a more comfortable journey, that's true.

[handygandhi] 16/3/2018 16:15

We all know that they're misquoted, but why?
The point I'm trying to make is that I believe the majority are buys and that's why the share price hasn't dropped

[drrichard] 16/3/2018 16:13

Indeed, although Astral reckoned several buys were misquoted as sells. Still....

[handygandhi] 16/3/2018 16:10

It just doesn't make sense drr

10m sells against a few reported buys and the share price up 3%

[drrichard] 16/3/2018 15:38

And the selling continues.

[astralvision] 16/3/2018 13:39

Hi drrichard

My view, on balance, is that it is probably likely and would help explain some of the recent share price weakness, which I view as surprising but yet another opp to top up!
Can never be sure about these things but undoubtedly IG had, for them, a large long position that they weren’t happy to add to. As they are now open for business, that suggests something has changed and an unwinding, full or partial, is, imo, the most likely scenario.

[drrichard] 16/3/2018 13:03

Hi Astral, do you think the seller was IG unwinding their long position then?

[astralvision] 16/3/2018 12:59

1sonic

Not sure that is totally the case, I don't think IG Index take a view on the company (as in SRSP) risk, the view is all on their own risk. Yesterday I was told the situation was that they had had a large long position on the stock and didn't want further exposure, ie managing their OWN risk. The fact that they've started accepting opening bets again suggests the either that long position has decreased to the point where they are happy to take on further positions , or they have decided they are happy to increase their exposure. The last suggestion, ie increase their exposure, is, imo, unlikely.
IG index will have done no risk assesment as such on SRSP, other , as with all stocks, they look at the liquidity, trading volumes and market cap.

My conclusion and best fit is it is probable that some folk or folk(s) have closed their long spread bets in SRSP relatively recently, allowing them to take on further positions.

[1sonic] 16/3/2018 12:51

They now see the company as de risked and happy to take further exposure.

[astralvision] 16/3/2018 12:50

if I may reply, IG Index spread bet were not taking opening bets for SRSP, situation has been like that for a while, now they are.

I use IG Index spread bet for a bit of beer money, SRSP shares are quite tradeable and I'm happy to have a bash at it, but my main holding,by far and away, is in paid for shares.
IG Index can be a bit of fun.

[bumhammer] 16/3/2018 12:47

Enlighten me as to what that means Sonic

[aventador] 16/3/2018 12:39

You can't really trade this company as the price never goes up lol.Just buy the keep averaging down one day they will release the assets and then boom.Until then have to try be patient.8 years is a long time to wait though.

[astralvision] 16/3/2018 12:38

.8645 are buys btw

[astralvision] 16/3/2018 12:36

I rang IG yesterday and asked why they weren't making a market in SRSP, it was closing trades only, they were going to investigate, so looks like they did.

[1sonic] 16/3/2018 12:09

IG NOW TRADING SRSP

[dr rosso] 16/3/2018 11:39

What COSL Force has been working on ......



Jul 3, 2017 - Paris, July 3, 2017 – Total and the National Iranian Oil Company (NIOC) have signed a $4.8bn contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent ...

Dec 6, 2017 - Natural gas production is slated to commence at Phase 14 of South Pars Gas Field in the beginning of next year.
Dec 15, 2017 - China's state-owned petroleum company CNPC is considering taking over the majority stake in Iran's South Pars gas field.

South Pars Gas Field Development – Phases 17 & 18. The development of phases 17 and 18 of South Pars gas field was awarded to a consortium of OIEC, IDRO and IOEC, producing 50 million cubic meters of natural gas and 80,000 barrels of gas condensate per day.

Yaser Ghorbani
site supervisor
February 2013
To May 2013
Offshore jack up rigs: COSL Force & Deep Drileer2
Offshore fields of SOUTH PARS (Phase 17 & 18)
Working as Day Drilling Supervisor for Peyman Contracts Consultants, Design & Development
Company on South Pars Field to drill 22 deep gas wells batch drilling.


Yaser must be near wetting himself at the prospect of going in on Ororo's 24mboe

[htrocka2] 16/3/2018 11:36

Those with graph experience will tell you that the tightening of MDA's as a result of being kept within a certain share price range invariable culminates into a 'breakout'.

[ileeman] 16/3/2018 11:17

I think mid-late April we see drill take place, although a week or two into May is perfectly fine.

The point is they are drilling very soon and nothing priced in...yet.

[htrocka2] 16/3/2018 11:16

There's been some good posts here over the last couple of days, the problem is...the timing. This is not about Ororo, the 'pipe line of assets', 'the project finance' etc, etc...at the end of the day it's all about money. If those posts had been posted early April, they would have undoubtedly affected the share price ..but it seems that forces at work are determined to keep this within the 0.8p-0.9p range...for the time being..