Sirius Petroleum Share Discussion Threads

[htrocka2] 19/4/2018 15:38

DR are these part of the 'hub'? (they don't sound like 'Marginal Fields')

[dr rosso] 19/4/2018 15:31

I'd be inclined to hold tight. Having been approached by potential farm-out desperates, Sirius can add $10m of asset value for each $1m shelled out to bring a distressed field quickly back into operation.

[astralvision] 19/4/2018 15:29

Sherl0ck could buy up all the known universe with his wedge!

[astralvision] 19/4/2018 15:28

Solarno
nice!
I would cash my 1,000 shares in straight away!

[dr rosso] 19/4/2018 15:28

Name your price, Sol. The 95 Ororo hub Project + Block 241 will have total developed value approaching $30bn. A puny 1% buy-out means agent Sirius pockets $300m. Add on recovery costs of $15m. I'd say 6p a share, a bargain buy really. No shortage of prospective buyers sitting on a $300m cash pile? Could easily be double that, in which case 12p.

[solarno lopez] 19/4/2018 15:25

I have just done a quick calc. and can get to 30p per share and I aint joking

[astralvision] 19/4/2018 15:24

it was 6p-10p this morning solarno, but all those buys might have upped the ante, I'm liking the $2bn sort of area a lot, is that 40p or something like?

[solarno lopez] 19/4/2018 15:21

So how much are we being sold for Doc ?

[dr rosso] 19/4/2018 15:15

Can't see the Sirius minnow ever being allowed to get its hands on Ondo's family silver. Note also that Sirius, having handed over $1.5m to Cosl, is not dictating events. That includes the rig substitution, the schedule etc. Who's pulling the strings?

Has all the makings of an Addax-style block handover to Sinopec. That was a $2.7bn deal in 2006. If we were to follow Sherl0ck's line of argument, Addax should have clung on and developed the asset for even greater reward. Likewise Ophir would never have sold 20% stakes in its prepared offshore Tanzania blocks to a U.S. outfit, Pavilion Energy, for $1.3bn.

[astralvision] 19/4/2018 15:10

Tend to think .937 are sells.At end of the day if there are enough buys it will go north.We just don't know the overall picture, ie one MM could be working a large sale, might see it after close.But it's all just noise, if SRSP deliver the shares will go up.

[riskybisky] 19/4/2018 14:52

the 0.93nn ones are sells.

[sirianbotham] 19/4/2018 14:51

I'd want a second opinion if I was you. Made me laugh though

[solarno lopez] 19/4/2018 14:42

But are they ALL buys in particular those at .9377

[aventador] 19/4/2018 14:41

10m buys vs 1000 sold and a share price drop of 2% It's just one big con job the aim.

[astralvision] 19/4/2018 14:24

EdgeinWhen I say agree, on reflection, yes operational progress should certainly mean share price appreciation.But it may require further assets before we get the sort of gains we are looking for.Re UKOG, not too keen on comparisons, yes the share price went ballistic but imo seemed to be based on not a lot and looked way way overvalued to me. I didn't short it as it's simply not my style.I think SRSP will be based on something much more tangible than UKOG, imo

[htrocka2] 19/4/2018 14:16

'..We really should be looking at an mcap of hundreds of $millions over this next year'

They've got twelve months to pull the rabbit out of the hat...MAY 2019 the Ororo field Licence expires as the AD informs us , this, being the third renewal will NOT be renewed again.

[astralvision] 19/4/2018 14:15

EdgeinAgree, Overall I very much like the situation here and I'm happy to see how it plays out and possibly add more.Not sure what the hold up with the rig is, doubtless that will all be made clear soon enough. I would class it as an annoyance and it certainly doesn't affect the case for investment here, but perhaps SRSP need someone on the investor side who is as good as the guys who have negotiated the deals to date and put SRSP in what I see as a strong position.

[bumhammer] 19/4/2018 14:11

Xerot on form today, now that made me laugh

Plus Astral finally posts something that resonates with most on here.
Spot on.

I just hope our board of directors are so confident of this thing blowing up that they don't care about our concerns and will and reduce us to all smacking ourselves around the face with rotten kippers.. And not done up like one..

[edgein] 19/4/2018 14:08

Astral,

Yes that's why we've been able to get in at these prices. That'll all melt away once the drilling starts and the first of the pipeline of assets completes. Noone wanted UKOG at 0.8p on the expo well, once the action started there it was 11p within a few weeks. Once the appraisal drilling occurs it'll be all go and this bb will have even more posts. It would be good if they could complete on the next acquisition before that but we may have to wait for the drilling and testing first. Wellheads for O-4 and O-5 should be on hand by now.

Regards,
Ed.

[solarno lopez] 19/4/2018 13:19

Todays conundrum is all these buys going through including mine and no uplift in the price

[shez20] 19/4/2018 13:16

Agreed Astra!