Sirius Petroleum Share Discussion Threads

[dr rosso] 22/3/2018 22:18

Doubt very much that the 2 new wellhead systems will be for making O4 and O5 ready in 6 months time.

"The Elgin and Franklin fields are located in the Central Graben Area of the North Sea, 240 kilometres east of Aberdeen in 93 metres water depth. The reservoirs, located 6000 metres below the seabed, produce gas condensate at high pressure (1000bar g) and high temperature (200°C). The fields started up production in 2001.
Elgin and Franklin have similar wellhead platforms (WHP) each of which is connected to the PUQ (Production, Utilities, Quarters) platform. Each wellhead platform has 6 producing wells. The Elgin WHP is linked to the PUQ by a 90 metre bridge and the Franklin WHP is linked to the PUQ by a 5500 metre pipeline bundle. This contains two 12 NB pipelines. The field layout is illustrated in Figure 1. The combined production from these fields is 15.5 x 106 std m³/day gas and 159,000"


Using the above article as an illustration, it seems pretty clear that at least 2 outlying marginals are now ready to be brought back into production. Instead of repeating Chevron's ops focusing on oil and flaring off the gas, they will be targeting known gas condensate reservoirs. This must be why they have chosen the HPHT Force drilling rig. Sutton, the subsurface, now production, engineer has been working on these fields for the last 27 months. Must be ready to be tied into Ororo and the hub's own drilling schedule.

[1sonic] 22/3/2018 21:16

Fundamentally this company has now transformed...

Just need a rig movement news and we are off!!!!!

Market knows it and so do we!

Any idiot trying to get back in at lower levels will miss out!!!!

I watched level two the other day and without notice it shot up and no buys or sells happened!!!!!

Our time has come.....

Believers and LT we are now getting repaid....

Non believers, sell up!

[1sonic] 22/3/2018 20:35

You got no chance now!!!

[1sonic] 22/3/2018 20:34

You fools sold and trying to get back in at lower levels!

Idiots

[vatnabrekk] 22/3/2018 20:03

No boom DrR, just a note about the rig mob.

[jenny tulwought] 22/3/2018 19:51

Sausage anyone?

[xerot] 22/3/2018 19:42

bum if I was doing the cooking them guys would be going hungry as I suck at cooking pal

[dr rosso] 22/3/2018 19:38

A boom rns on 4 Apr just aint gonna happen.

[vatnabrekk] 22/3/2018 19:06

Yep, 1sonic, I'm definitely for real.
I've read the last RNS, and I still don't expect a further RNS until 3rd/4th April.

[twodegrees] 22/3/2018 18:47

slow and steady rise over the last few days. I hope you are watching JL

[1sonic] 22/3/2018 18:44

VAT are you for real?

Read the last rns!!!!

[bumhammer] 22/3/2018 18:39

An RNS saying Xerot and Adventador have stepped up to provide the catering for COSL FORCE. Duties also include massage with happy endings, open mic nights and a Nigerian Friday fish fry.

[vatnabrekk] 22/3/2018 18:27

An RNS saying ...what?

[1sonic] 22/3/2018 18:22

Will there be an rns in the morning that is what I want to know....

[htrocka2] 22/3/2018 18:05

The Broker/Nomad arrangement (as is in our case) is not only to advise the legal aspects of AIM rules to the company but also to create a market....up/down = win/win.


'The broker may be from the same firm as the nomad if a company chooses to appoint a firm which performs both functions'

[jenny tulwought] 22/3/2018 17:03

Deadly,

I'm not convinced the mms are too concerned what the share price is - so long as they're doing business.

[deadly nightshade] 22/3/2018 16:56

one positive of being invested in small cap stocks is that they are not effected as much by the world markets falling. ftse 100 will soon be in a bear market even though in my opinion its never been in much of a bull market considering its only around 200 point higher then it was 5 years ago! things looking good here even if we hold 1p till the next rns then that leaves plenty of scope to kick on with more good news. this is only the start i bet the mm's are keeping everything crossed the longtermers sell out on the cheap

[riskybisky] 22/3/2018 15:41

Thanks Ed!

[edgein] 22/3/2018 13:51

Risky,

Worth noting too that they don't expect the first well to do more than 10,000bopd and 15mmcfd, but they're gonna use a separator and heater capable of 15,000bopd and 25mmcfd just in case. I'm guessing the just in case bit is if O3, O4 and O5 do more than 13,000boepd. :) They're expecting circa 4,500bopd from O-2 and O-3. Of course now that SLB have carried out the MEM on the existing well data and seismic for the ideal placing of the wells, well design and completions who really knows what they'll flow at. ;)

Regards,
Ed.

[ileeman] 22/3/2018 13:34

Great move into 1p, might need to consilidate the breakout but this is just the start.

Buy the dips.

[red nutter] 22/3/2018 11:22

once break 1p fully - 5p is my first target here

[aventador] 22/3/2018 11:17

Great post risky spot on.

[htrocka2] 22/3/2018 11:10

Impressive 5 day graph...

[riskybisky] 22/3/2018 11:07

Absolutely right.

Here we go!

I expect the share price to soon be many fold of today's price!

Here's why:

The build up to drilling ororo2 --> the spud --> First Oil!!
Further ororo ... 3,4,5, drilling with some nice surprises.
Revelations of further assets already secured
The imminent marginal bid round will provide further continuation of our "pipeline of assets"!

SIRIOUSLY! What's not to like about the prospects here????