Sirius Petroleum Share Discussion Threads

[aventador] 10/4/2018 22:05

Share price ain't rised though pipecleaner.

[ileeman] 10/4/2018 21:46

Astral not sure how you can be certain Force is still in UAE and how you know rig is setting off soon?

[pipelinepete] 10/4/2018 21:37

Immediate cash flow terms maybe. Valuations aren't made on immediate cash flow basis fortunately.We have a mcap. We have an oil and gas asset, the potential future cash flows of that asset and therefore value of that asset has increased. Npvs increase dramatically. Debt to equity level options change. Everything becomes easier, even borrowing further funds for other assets. Every rise in the PoO is great news for an oil and gas company :)

[doug51] 10/4/2018 21:29

Pipe If poO was to be $100. $200 If we are not drilling then poo dose not mean anything.

[pipelinepete] 10/4/2018 21:15

PoO $71.55

[vatnabrekk] 10/4/2018 20:48

Astral is right, the Target was converted from a tanker to a HLV by COSL. I think it travelled empty to UAE so must be waiting on something. It could be that it is our ship, but then again it may not. I was wrong about the Zhi Yuan Kou so could well be wrong about this one too. But sooner or later they will have to produce a HLV to move the rig from UAE to Nigeria, so we've got to be right on one of these occasions!

[vatnabrekk] 10/4/2018 20:44

No-one is suggesting that SRSP don't intend to drill, as far as I am aware.

[doug51] 10/4/2018 20:08

If we do not intend to drill why do we have four well heads?

[riskybisky] 10/4/2018 20:02

Astral is correct.

[deadly nightshade] 10/4/2018 19:58

good post astra lets hope target it our hlv looks interesting as you say its been converted by cosl

[astralvision] 10/4/2018 19:46

Ps, interesting to note Target was converted by......COSL Shipyards.Co-incidence? Could be.

[astralvision] 10/4/2018 19:42

COSL is still off shore UAE, I can assure you of that.When the rns says 'commence mobilisation' it don't mean they stick it on a hlv the next day. Preparations have to be made. FWIW my info is that the rig should be setting off soon.AOS Neptune is an 'anchor handling supply tug'They do this:https://en.m.wikipedia.org/wiki/Anchor_handling_tug_supply_vessel'Anchor Handling Tug Supply (AHTS) vessels are mainly built to handle anchors for oil rigs, tow them to location, anchor them up and, in a few cases, serve as an Emergency Response and Rescue Vessel (ERRV). They are also used to transport supplies to and from offshore drilling rigs.'If Neptune is involved, and it seems a decent bet given recent past trips to Force, then it's job will be to tow the rig in position over our semi submersible HLV. For example, could be this hlv, but there are others. This one is anchored offshore nr Dubai, waiting for something?https://www.marinetraffic.com/en/ais/details/ships/shipid:367845/mmsi:248576000/imo:8617938/vessel:TARGETNeptune is on its way to Hamriyah, worth checking out what they 'stack' there. Who knows if any of the above are relevant. I freely admit to being wrong umpteen times so making no claims, please dyor and draw your own conclusions.

[ileeman] 10/4/2018 19:26

I dont think it has arrived, I just think it has been mobilized a while back. Seems more logical, people say they cant track it...go on the paid service and then come back.

[vatnabrekk] 10/4/2018 19:24

Even if the rig had arrived in Nigeria by now (which is not possible by the way) then even if the rig is not transmitting on AIS, we would nevertheless have picked up the HLV delivering it, and the support vessels (supply ships and the like) that would be standing by and supporting it in that area.

[ileeman] 10/4/2018 19:20

Only way to track every vessle is pay the high end subscription? people are using the free subscription so yea......

What seems more likely, COSL a multi-billion company have not mobilized after recieving approval and just left it in off-shore UAE or they mobilized swiftly straight after?

Unless someone has a paid subcription?

As I say think people are nit picking but again understandable, people have been here a lot longer than I have and I know SRSP past.

[deadly nightshade] 10/4/2018 19:15

if thats the case ileeman how come the rns said coslforce was currently off shore uae??

[ileeman] 10/4/2018 19:08

Unless someone has a paid subscription to marinetracking or similar....

Then it is highly likely that COSLforce has moved to its destination long ago.

COSL are no idiots.

[twentysixpointtwo] 10/4/2018 18:59

AOS Neptune - offshore supply ship - gross tonnage <3000, length 75 metres.

COSL Force - gross tonnage just under 10000, length 72 metres.

About the same as Wee Jimmy Krankie carrying Giant Haystacks several thousand miles.

[aventador] 10/4/2018 18:58

Sonic what are you banging on about the price is dead and we've had no news...

[1sonic] 10/4/2018 18:51

Think the fun has started :-)

Load up load up and off we go!

[deadly nightshade] 10/4/2018 18:43

1sonic are you suffering from stockholm syndrome or have you been on the narcotics

[pipelinepete] 10/4/2018 17:45

Looks like the collection was successful, refuel and away we go :)

[aventador] 10/4/2018 16:31

Sonics been on the booze and got his rubber dinghy out again?