Sirius Petroleum Share Discussion Threads

[bronislav] 15/5/2018 15:09

We don't know what exactly Sirius is involved with and therefore it's feasible that the PIGB is holding things up.Its in the public domain that investment in Nigeria oil and gas is being held up..Unless we are Sat across a table with Bobo and CN then we have no way of knowing.Something has held it up as they intended to drill last year or at least get a rig on site for someone else to drill,we didn't and it's not really feasible to say the coal power and then the coal force couldn't make it to nigeria in the timeframes since Bobo made his H1spud/oil statement

[htrocka2] 15/5/2018 15:02

'We AIM to drill in 2018'. That's AIM speak for we're not sure when.

[shez20] 15/5/2018 14:51

Sherlock I agree with your post completely and it have never thought it made any sense for the two to be connected! I would say the company's failings have always given these theories more credibility than they deserve but the bottom line is we are near halfway through another year with no explanation for the missed dates and now just given by year end date! It isn't good how ever you want to wrap it

[sherl0ck] 15/5/2018 14:37

Hold on QPR, I thought everything in Nigeria had come to a standstill whilst everyone awaits the PIGB!!

Funny thing is I’m sure someone recently mentioned that Chevron & NNPC won’t sign up to anything with little old Sirius until the PIGB... yet they were both happy to put pen to paper on their $1.7bn JV deal late last year?

Yet another sign amongst many that the PIGB isn’t holding us up.... and when you think about it logically, why on earth would we develop a complex partnering and financing strategy 2-3 years ago that was completely and utterly dependent (to the degree that we can’t even drill a single well) upon the passage of a bill that had stalled for so many years and certainly wasn’t guaranteed to ever become law.... And why would LOG be happy to put $12m on the table..... and why park a rig somewhere near Nigeria and tell ‘em to just sit tight for a while whilst we await the passage of legislation... and why take on a new office lease beforehand.... etc

[stu1210] 15/5/2018 14:08

What news are waiting on with regard to BP?

[deadly nightshade] 15/5/2018 13:53

lets see what comes out before the agm, what possible proposals that might need voting on. if nothing happens between now and then we all have ample chance at the agm to take this lot to task. people are saying by having the agm early they don't have to speak to anyone for over 18 months after, but they had no need anyway to hold a june agm as they could have dragged the next agm out to at least next march 2019 anyway. hopefully we are on the verge of other assets being revealed. who knows if we are in further farm in talks whats to say that is why the rig might be on delay, as the rig might even be needed to drill other near term production assets. we have a few weeks before agm lets just see if this lot can finally produce something what ressembles shareholder value. if not the agm will be interesting

[shez20] 15/5/2018 13:28

Htr your points about today's rns were spot on! They were the first things that popped out to me when reading it! License extension, end of year drill but no guarantees and the early Agm which could create a timeframe of up to 18 months without being wheeled out again!You are only getting grief as it doesn't suit people's agenda! Whether people agree with the article or not they can not argue that that is how it's played out to date!Some well respected posters on here are literally now saying other assets as it's the only excuse for the bods poor performance we can come up with! I hope they are right but we will have to wait and see!

[htrocka2] 15/5/2018 13:22

6cer,79 dollars a barrel.How much is that a day we're NOT making.?

[wiserthanyou] 15/5/2018 13:12

Drosso never gets tired of talking bolox...

[ua36] 15/5/2018 13:00

From BP's big fleet of Rigs that they keep on standby?

[htrocka2] 15/5/2018 12:18

The only way to avoid all this negativity is for SRSP to drill...if necessary, ditch COSL and ask BP for a rig....and put on the bill....if the rig is the problem?

[6cer] 15/5/2018 12:09

Brent now $79.14

[riskybisky] 15/5/2018 12:06

more:

Regan has been involved in several start-up companies including Imperial Energy, an upstream oil and gas exploration and production company focused on the Commonwealth of Independent States and, in particular, the Russian Federation. The company was floated on AIM in 2004 at 25p per share and moved to the Official List in 2007. In 2008, Imperial was acquired by ONGC Videsh of India for £1.3 billion (1,125 pence per share).[19]

[riskybisky] 15/5/2018 12:04

The article is by an organisation against pollution.
have a look at their website.
They are against any company that wants to extract hydrocarbons.
They've done their best to put Sirius in a bad light.

Let's not forget this since they are delving into history:
ASOS plc
Andrew Regan was the original financier behind the online fashion retailer ASOS plc,[14] which is now the UK's largest independent online fashion retailer.[15][16] As Seen on Screen, as it was then known at listing, was reversed into Brindle Limited, a shell company created by a consortium of fellow Monaco investors that included Nigel Robertson.[17] The AIM listing raised only £255,000 (£95,000 after expenses) and had a market capitalisation of £12m when listed on the AIM Market in 2001, growing to £4.36bn in 2017.[18]

ONE OF THE GREATEST, IF NOT THE GREATEST MULTIBAGGER IN AIM HISTORY!

Boom Boom Chi Boom Booom!

[sirianbotham] 15/5/2018 11:18

again Bum same point more eloquently put

[sirianbotham] 15/5/2018 11:18

How are you reading that from the article re share capital. I'd focus on the RNS just published

$12m in equity and 'The projections demonstrate that the Group will have sufficient cash resources to meet its liabilities as they fall due for a period of at least 12 months from the date that the financial statements are signed.'

[htrocka2] 15/5/2018 11:03

I've re-read the article posted by Oliver....and am curious , of all the O@G companies on the AIM...why was SIRIUS specifically highlighted?..

If there's any truth in the article, does the early AGM propose to increase it's share capital?