Sirius Petroleum Share Discussion Threads

[dr rosso] 25/4/2018 13:27

One starts to think that its not buffoonery at all, but continually faking deadlines is a deliberate way of influencing smaller punters to offload while the bigger itks lurk, snapping up the cheap offloads in pretty large quantities. Pattern has been obvious over quite a long period. Somebody swoops down to pick up at lowered price.

[eye2] 25/4/2018 13:08

here we go buyers taking the cheap stock .9 back up to 1.1p ..

[aventador] 25/4/2018 12:44

Already down 50 percent don't want another 50 percent hit lol. This will be drilling just more likely later in the year and hopefully with more assets announced will put a good whack on the share price just a waiting game as said they've only been in position to drill for a few months problem was most ltis paid 5p for these 8 years ago hence the frustration.

[1alfi] 25/4/2018 12:41

The information given by minichris (thank you) regarding the RAK/COSL Force contract puts the commencement date of this contract at the 8 March with a contract duration of 27 days which would take us up to the 3rd April. That gives 27 days remaining in April to transport the rig, get it set up on site and be prepared to spud within an April timeframe.

The information given by minichris was dated January 2018, the fixture date for the contract being 23/12/2017, - there is always the possibility that the contract commenced or finished earlier than anticipated.

12 March 2018 RNS - Mobilisation of Rig for Ororo Field Drilling Program

"the Company's international rig partner COSL has now received preliminary Location Approval from the Marine Warranty Surveyor for the Ororo-2 and Ororo-3 wells and has commenced mobilisation of the jack-up rig for delivery direct to Nigeria."

"The COSL Force is a "hot rig" (tooled-up and ready to operate) currently offshore UAE and is therefore ready to be mobilised to Nigeria shortly."

[deadly nightshade] 25/4/2018 12:19

if the bod are not capable or up to the job of getting this deal over the line then i wish they would just come out and say so, even if that means the share price dropping 50% at least we could all sell up and move on

[deadly nightshade] 25/4/2018 12:15

the trouble here is unless the next rns says rig now leaving or a takeout with the share price going up straight away then how serious can you take anything else this shower put in a rns considering that they have not delivered a drop of oil in 10 years. time we see some action!!!

[htrocka2] 25/4/2018 12:04

'I’m reckoning on a Monday 30 April RNS setting out reasons for the delay and revised timescales.'

Puzzler....that'll be the fourth one....or is it the fifth?, I've lost count.


'Sirius Petroleum, an investment company focused on oil and gas exploration and development opportunities in Nigeria, awarded Schlumberger a multiwell contract for ISM operations in the Ororo field. The contract, which will begin later in 2017, includes directional drilling services, logging, completion and production fluids, cementing and pumping services, well intervention and stimulation products and services, well testing services, wellsite communications, data and software solutions as well as Cameron wellheads and production trees'


They can p*ss on the pi's as much as like...but they're playing with fire if they p*ss on the likes of Schlumberger.

[deadly nightshade] 25/4/2018 12:03

undertaker how do you expect the rig to be drilling in april? the way i see it a miracle will be needed to have it driling in may, the way this shower perform i would rather them had just come out and said drilling in 2020 then at least that way folk could have the choice of selling up

[undertaker] 25/4/2018 10:52

April isn't over yet!

[vatnabrekk] 25/4/2018 10:47

You've got more faith than I have, Puzzler!

[puzzler2] 25/4/2018 10:37

I’m reckoning on a Monday 30 April RNS setting out reasons for the delay and revised timescales.

[bumhammer] 25/4/2018 10:24

The severe lack, or should I say reverse in share price from years ago is a disgrace. I'm past the point of taking any notice of theories and research because at the end of the day we invested in this for RESULTS, tangible RESULTS in our portfolios. The duration this has taken is eye watering.Hard core LTI investors more than deserve answers and not sugar coated flannel that never has an end in sight. Sort the communication out regardless of if its positive or negative.. This past the point of integrity towards shareholders years ago.

[1alfi] 25/4/2018 09:13

Is it the wall that surrounds El dorado ht ?

[htrocka2] 25/4/2018 09:00

xerot.... we haven't hit bumps in the road....we've hit a brick wall.

[shez20] 25/4/2018 08:08

A question I keep emailing the bod with everyday Jenny!

[vatnabrekk] 25/4/2018 08:01

Good question Jenny!
But do they ever?

[jenny tulwought] 25/4/2018 07:55

Simple question:

If SRSP considered it important enough to advise their share-holders that the company would drill in April,
why isn't it important enough to announce that they won't?

[bumhammer] 25/4/2018 07:28

Another day of petty theft and hanging around ensues...

[detective captain sean signal] 24/4/2018 22:27

Hansen5, it's a failure I put down to intent rather than incompetence.

[hansen5] 24/4/2018 22:21

DCSS, agree they have failed in this respect.

[openfield68] 24/4/2018 21:47

Xerot - you have obviously never been drinking with the Irish. They are like wheebles on the drink.

[htrocka2] 24/4/2018 21:18

Having been here since the Del Sigma days, about 120 rns's ago, I believe they're sailing close to the wind....even over-stepped the line by not issueing reasons for the unfulfilled drilling promises, the 2012 Drill promise, for example, comes to mind. They raised funds on these promises yet never delivered.






'the regulator found, ‘on 11 separate occasions failed to take reasonable care to ensure its announcements were not misleading, false or deceptive, and did not omit material information.’

[detective captain sean signal] 24/4/2018 20:58

So why not inform their investors of the bumps? Why promise target dates that are unavailable from the outset?