Sirius Petroleum Share Discussion Threads

[1sonic] 15/5/2018 21:24

These guys are not stupid....

Call an AGM for what reason???

I remember 2016 AGM the room was full....


It’s gonna be tight for space!

[carrbradshaw] 15/5/2018 21:18

Loving Pipelinepete’s posts - could he be right, could he??

[dr rosso] 15/5/2018 20:26

The great Dr Rosso ain`t going nowhere until that 1bn of 2P gets revealed. Quite poss the June agm is going to add to that. Whether they`ll ever drill into those assets, who knows?

[deadly nightshade] 15/5/2018 20:20

i remember a couple of years back on here someone said to the great dr rosso why don't you sell up, dr rosso replied i am going no where until 1 billion barrels is revealed. well lets hope these assets amount to 1 billion barrels. as pipe just said we have got to hope all that behind the scene dealing and partnerships is one day going to pay off big style.

[deadly nightshade] 15/5/2018 20:15

sonic it would be nice to think all assets have been bought to the point of production then its job done sell the lot off and down to the agm for a glass of bubbly with the bod with everyone doing high fives. thats my dream ending anyway

[pipelinepete] 15/5/2018 20:12

Just like the company failed to drill due to being unable to raise 5m dollars at 3p when the oil price was $100, then raise 10m at 1pJust like they never disclosed the deeper sands gaffney report on ororoJust like they never explained why schlumberger stated that the ororo project was HUGE in their own report filingsJust like they have attracted BP, Chinese government backed oil co, add energy, tide water, millions and millions of reyl moneyJust like our billion barrel blocks went silent yet our partners stay loyal Just like we somehow attract the worlds best team and advisors and house them in expensive officesJust like the rig never ever materialisesJust like the company now say - maybe sometime we might drill this year!! The bod can't be any clearerWe have a volunteered date on the map - 4 weeks, grab what you can it will soon be over. Until then......

[1sonic] 15/5/2018 20:02

Notice the acting COO has fulfilled his role - job done!

[1sonic] 15/5/2018 19:57

I wouldn’t want to be out of this now.

Strong hold...

I know I’ve said this before but I do think our time has arrived.

[pipelinepete] 15/5/2018 19:52

Htrocka - the company not drilling doesn't represent any problem for me, far far far from it. Goodluck with your re entry price. Tick tock

[deadly nightshade] 15/5/2018 19:50

ht warrants are not worth the paper they are written on unless they are activated. whats stopping sirius cancelling them ones and issuing new ones at a different price

[aventador] 15/5/2018 19:44

You really are a wet weekend rocka still deramping hoping for a cheap re entry price.As pipecleaner says takes a brave bod to get an AGM in so early when the share price is on its knees and there deadlines have hit the skids again, must be more news to follow other wise it's cabbages and rotten tomato time again.

[htrocka2] 15/5/2018 19:41

The company posted that they'll 'aim' to drill in 2018. This 'unknown date now represents a problem. I was slagged off this morning about the possibility that the reason for an early AGM may be to increase the Share Capital.(Thanks for that) Cairn warrants lapse mid June....it must be embarrassing to issue that particular rns, hence get in before the lapse date, the Havoc expiry date is also not too far behind at 2p in August, with the unknown 'drill by year end' date statement, Havoc's warrants are also looking doubtful. Then we have a further 185m by the end of the year. This problem of the expiring warrants has got to be addressed, if 462m warrants were to lapse...their credibility would be shredded to pieces for failing to meet ANY of their targets resulting in the failure of ALL promises made to warrant holders. This may worry the Funding Partners and effect their credit draw down facility...hence the early AGM to address the problem.(My opinion only)



'The Company reorganised the majority of its existing warrants cancelling 900 million at an average price of 6.67p over a period of up to 10 years and issuing in their place 185 million at 2p per share valid for a three-year period ending in 2018. There are 399 million warrants in place and 63 million options in place following the restructuring which is a total of 462 million representing 19.66% of the current fully diluted share capital of 2,350,029,523.'

[jamie40] 15/5/2018 19:34

I've never been a ramper as the LTHs can vouch but I really do feel something in my waters at the moment ?

[pipelinepete] 15/5/2018 17:53

Tick tock tick tock :)

[pipelinepete] 15/5/2018 17:52

Oil price is the highest it's been for nearly 4 yearsWhileThe share price is the lowest it's been for nearly 2 yearsThe board decide (under no obligation) to volunteer to meet and greet shareholders at the annual meeting.Exciting days ahead :) at least we know now.

[solarno lopez] 15/5/2018 16:12

Rigs cost money !

[bronislav] 15/5/2018 16:08

Vatnabrekk.the PIGB was delayed and had to go through the senate again until the end of April when it arrived on Buharis desk...have you any theories vatnaabrek or do you think its the rig nonsense...cosl wanted men and machinery at work when they signed up with Sirius.so if that's the case something held it up.

[shez20] 15/5/2018 15:44

Fair enough Sherlock! We all want the same thing here! Like you say let's see what happens between now and agm!

[sherl0ck] 15/5/2018 15:33

Let’s see what tomorrow brings Shez. Not literally of course but I still think the Board would be crazy to push results out 6 weeks earlier than normal and set a date for an early AGM without being very confident of having something positive to appease the front row. The clock is ticking, especially as they’d have to issue in advance any extraordinary resolutions that require a vote. If I was them and I didn’t currently have a rabbit up my sleeves I’d be stalling until the last possible moment....just like we seemed to do last year!

[herman_m] 15/5/2018 15:22

Regarding the speculation that the delay in PIGB is holding us up. If that were the case then I am sure we would have seen reference to it in the "Principal risks and uncertainties" section of the "Strategic Report".

The auditors i'm sure would have insisted on reference to PIGB if it was an uncertainty or risk to the business plan.

[shez20] 15/5/2018 15:17

I doubt many of us think ororo is their sole focus but the bod are the ones who continue to spout these dates year after year and failing miserably and as far as I am aware they have not announced any other assets up to date so as up to today they are continuing to fail their shareholders!

[vatnabrekk] 15/5/2018 15:15

If it's the PIGB that's holding things up, then what changed so abruptly and unexpectedly between 20th March and the first week in April that caused them to put the brakes on? On 20th March they were still intending to start drilling in April, per the RNS. By the first week in April they had apparently gone off that idea.

So what had changed in that short period?

[sherl0ck] 15/5/2018 15:10

“It isn’t good how ever you want to wrap it”

Depends if you think drilling O-2 is the sole or key focus of the Company. I don’t.