Sirius Petroleum Share Discussion Threads

[vatnabrekk] 09/4/2018 19:57

The RNS dated 12th March stated:

"...it is anticipated, weather conditions permitting, that drilling of the Ororo-2 well will now commence in April 2018..."

and:
"...currently offshore UAE and is therefore ready to be mobilised to Nigeria shortly."

If the stated start date for drilling (note drilling, not just arrival on location) was to be met, it would have meant that they would have had to start moving the rig from the UAE no later than the end of March. (Which date, as it happens, was the date that the Zhi Yuan Kou arrived at Abu Dhabi to unload the AOS Intervention.)

If it was their intention to start moving the rig around 31st March, but didn't, then something unexpected much have arisen between 12th March and the end of March, to cause them to change the mobilisation start date. We don't know what, and unfortunately we don't know how long the delay might last, but I think we can be confident that they (i.e. SRSP and COSL) will be moving heaven and earth to resolve the issue as soon as they possibly can.

It seems strange, though, given the confident tone in the RNS, that something important and unexpected could spring up in the short time between issuing the RNS and three weeks thereafter.

[vatnabrekk] 09/4/2018 19:38

I agree entirely deadly, but it seems that is just not how SRSP works!

[deadly nightshade] 09/4/2018 19:32

ileeman how about this for a proper informative RNS which would have been more helpfull to all long serving shareholders here, the rns would have helped more if it was worded like this. We have paid the deposit of 1.5 million on xyz day so as to enable us to commence rig mobalization, we will be employing the use of xyz HLV to transport the rig and and we anticipate it wil take xyz days for the rig to reach the ororo field and a further xyz to set the rig up before weather permitting we will be hoping the drill will then commence on roughly xyz date. its not rocket science is it???

[rpat2] 09/4/2018 19:20

https://www.infield.com/rigs/coslforce-jackup-60654

[hazydaisy] 09/4/2018 18:27

AOS Neptune engines underway destination Coslforce

[xerot] 09/4/2018 18:20

past the point of caring at all about this. they could be drilling on the moon for all I care. Dullest investment ever invented.

[twentysixpointtwo] 09/4/2018 17:54

They have a habit of not meeting deadlines so many just don’t believe them anymore.
You obviously do so good luck with that.

[ileeman] 09/4/2018 17:43

Jenny they announced rig mob commencing just a few weeks ago and it feels like people just want to be babysat every step of the way.

What can they do? release another RNS saying rig is still being mobilized then another RNS saying rig is still being mobilized...people will never be happy.

Point is they have never released a rig mob RNS before so they must be confident.

[vatnabrekk] 09/4/2018 17:08

I believe that the COSLForce was last on charter in the Saleh field, but I don't know when she came of hire. Seems she is still in that region, supported by the AOS Neptune.

[cautioussid] 09/4/2018 17:03

And the plonkers prevail on LSE

MrLF has almost six figures invested here in this, that's if you include his Mums ISA

A high roller by the looks of things

[jenny tulwought] 09/4/2018 17:02

deadly.

Exactly - if the company was confident enough to announce spudding in April - and for what ever reason, a further delay has cropped up, who to say it's not gonna be a twelve month delay - or five year delay?

Point is, we're all in the dark - anything could be happening and nothing could be happening.

[ileeman] 09/4/2018 16:45

A few weeks is recent?

[drrichard] 09/4/2018 16:42

Infield have been saying that for a few weeks, Aventador. SO no recent change there I am afraid. If you go to marine traffic's site. They cannot post FORCE's position. I suspect it's marine tracker is turned off while at anchor?

[vatnabrekk] 09/4/2018 16:42

I'm keeping an eye on the AOS Neptune.

[aventador] 09/4/2018 16:34

infield.com/rigs/coslforce-jackup-60654 

[kenco7] 09/4/2018 16:11

Cheers drrichard

[drrichard] 09/4/2018 16:08

No Sir, COSLFORCE.

[kenco7] 09/4/2018 15:56

Trying to track it, is it "COSLSUPERIOR" ?

[minichris] 09/4/2018 15:37

Apparently ADVFN doesnt do Arabic... ffs

[cautioussid] 09/4/2018 15:27

Come on my old slate mate put us right

[aventador] 09/4/2018 15:18

Is it Captain pugwash or hogwash at the helm?Come on get drilling and get the retched share price back over a few pence.

[drrichard] 09/4/2018 15:16

swiz73, I wll behaving several if 1sonic has spotted what we are all waiting for

[swiz73] 09/4/2018 15:15

Think you have spelt drink wrong there Dr R?

[minichris] 09/4/2018 15:14

Perhaps you two would like to share where you spotted this? You know, for us plebs.