Sirius Petroleum Share Discussion Threads

[northdown1] 17/5/2018 23:42

Very tea leaf predictions. These lot are 0.8p ish, very risky bunch - it’s a Red or Black gamble.

[dr rosso] 17/5/2018 22:23

As at 31 December 2017, the Company is aware of the following shareholders holding 3 per cent. or more of the issued share capital of the Company:

BARCLAYS DIRECT INVESTING NOMINEES LIMITED 7.9%
PERSHING NOMINEES LIMITED 6.73%
PERSHING NOMINEES LIMITED 6.42%
HARGREAVES LANSDOWN (NOMINEES) LIMITED 5.65%
SPREADEX LIMITED 5.56%
INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED 5.43%
JIM NOMINEES LIMITED JARVIS 4.40%
VIDACOS NOMINEES LIMITED 3.63%
JAMES CAPEL (NOMINEES) LIMITED 3.16%


Substantial shareholdings as at 22 April2018 were as follows:

Barclays Direct Investing Nominees Limited 298,727,697 8.40%
Hargreaves Lansdown (Nominees) Limited 228,688,327 6.43%
Pershing Nominees Limited 224,695,811 6.32%
Interactive Investor Services Nominees Limited 207,183,860 5.83%
Jim Nominees Limited 175,501,046 4.94%
Vidacos Nominees Limited 165,351,571 4.65%
Spreadex Limited 129,335,070 3.64%
Hargreaves Lansdown (Nominees) Limited 106,504,803 3.00%

[htrocka2] 17/5/2018 22:19

DR....I like it....sounds like we have a partner coming on board.. (my bet is either COSL, BP or.........Bresson Energy.)

[bronislav] 17/5/2018 22:14

Two entities give me confidence in our minnow about to face up the largest of fish in the ocean.One is Graham Lyon and the other is Schlumberger.
Dilution fits with the share price being kept in the trading range,only possible by keeping positive newsflow to a minimum.Rig surely has to be ready to spud ,whether it is spudded in our name is debatable.Once ororo/oml95 is resolved it's also likely we see all other plans,historic and current falling into place..Only a short wait before the AGM.The egg timer is about to run out of sand ..Only my opinion of course.

[shez20] 17/5/2018 22:05

Cheers sir/dr

[dr rosso] 17/5/2018 21:57

5.1. theDirectors be generally and unconditionally authorised pursuant to section 551 oftheCompanies Act 2006 (Act) to issue and allot shares in the Company or grant rights to subscribe for or to convert any security into shares of the Company (Rights) up to an aggregate nominal amount of £4,444,957.

That`s 1.8bn extra, a 50% increase on the current share issue. Call it nonsense as much as you like, but there it is, and that`s what you`ll be voting on at agm. The Q now is why they are rushing this out.


Special Res 6 hints at a rights issue. Of the 1.8bn new authorisation, 900m are accounted for in options/warrants/converts. That leaves 900m. If they put them out as a ri, it would need to be on a buy 1 for every 5 held basis. A 0.8p gift for holders, perhaps?

[sirianbotham] 17/5/2018 21:55

permission to grant shares doesn't necessarily mean an imminent need just a possible need in the next x months.

[sirianbotham] 17/5/2018 21:54

If you read the financial report / accounts on the website they are right at the end

[shez20] 17/5/2018 21:41

Quality xerot!

[xerot] 17/5/2018 21:32

writen on the underside of a jacket potato

[shez20] 17/5/2018 21:28

Where you finding the resolutions doc?

[dr rosso] 17/5/2018 21:19

Making up a 1.8bn extra share issue nonsense figure? Read Resolution 5. There it is.

[1alfi] 17/5/2018 20:36

Good time to have a rig in Nigeria ready to spud. Will that be the agm sweetner ?

[deadly nightshade] 17/5/2018 19:41

i agree aventador everything is timed to perfection what with the current oil sentiment i just hope this lot deliver something stunning as it could be a case of now or never.

[bronislav] 17/5/2018 18:15

Looking at timing ,it's a great opportunity given the price of oil and the positive sentiment in the oil and gas sector.

[aventador] 17/5/2018 17:48

We would want to see a lot more than a 1.3p spike if we got news on more assets we should be well over that when the rig gets mobilised alone I would hope.
Oil price is on the up let's see the share price marked up to mr mm.

[deadly nightshade] 17/5/2018 17:30

yes bron what ever is revealed in the next few weeks has to result in some near term shareholder value. we just got to be carefull that they dont reveal another asset along with a mass of new shares and no near term intention of bringing everything into production asap. if a new asset is revealed a quick possible spike in share price to say 1.3p then the usual drop back through lack of clarity on production news. i wouldn't put it past this lot to totally put ororo on the back burner after what ever news might be revealed. this lot really need taking to task at this up coming agm on failed deadlines. fingers crossed that the next bit of news results in shareholder value

[bronislav] 17/5/2018 17:29

It was in the AD htrocka but I don't recall it being in any rns,the point being it was not relayed to the market when it was concluded.

[bronislav] 17/5/2018 17:29

It was in the AD htrocka but I don't recall it being in any rns,the point being it was not related to the market when it was concluded.

[htrocka2] 17/5/2018 17:22

Bron.... we were informed of the PTG exit....when I've got a couple of minutes...I'll dig it out for you.

As we're talking about....‘Aims and objectives’ ...

jJune 2012
'Furthermore, upon acquiring an interest in the Block, Sirius will be entitled to a 20 per cent. interest in the unitisation of a producing Field (the "Field"), the structure of which intrudes into the Block.

Sirius does not intend to make any significant capital expenditure in the Block, excluding farm-in fees, until it has realised revenue from the unitisation of the Field.'


I've no idea what happened to the "field" investment ...but there has been nothing in the accounts that refers to 'unitisation' revenues.

[vatnabrekk] 17/5/2018 17:09

PIGB not yet passed to the President:

[bronislav] 17/5/2018 15:38

I don't assume that news is always released when a company has it at their disposal.The market doesn't work ilke that in particular on aim.Trading patterns before positive/negative news confirms this for me as I have seen it too many times.The AGM is early for a reason and I would lay odds we get that pre AGM news sweeteners to make it a happy clappy meeting.

When did BTG exit and were we imformed when it happened ,.

[astralvision] 17/5/2018 15:29

Yes, things change and develop, nothing stays static, however I was referring to a policy of a few months ago and I believe the business model from the GM is intact and largely unaltered, that seems pretty self evident given we've got the same consortium partners as a few months ago, although things can be tweaked etc.

That is a different subject to a long list of broken time lines and how the company is viewed by the market.
I agree, I assume we are all here for some shareholder value, inc the bod and everyone else associated with SRSP. And perhaps they are indeed hinting, but lets see it in black and white, that would be good. Market sensitive news has to be released, and, so far, we've yet to see it so I assume they ain't got it.....yet.

[bronislav] 17/5/2018 15:15

Astral.so many things have been said and changed over the years.Agm promises have come and gone.Even our Bobo has stated things that have never materialised.Unfortunately this is how the company is viewed by the general market and certainly long term holders .Would it not be refreshing to see some shareholder value on the back of our patience that we used to be thanked for..Maybe the company is hinting that no more patience is needed.

[astralvision] 17/5/2018 15:07

here's what SRSP said at the GM around 5 months ago, you can see they specifically rule out equity investment from Schlumberger as it's not their preferred business model.

never say never and perhaps something has changed, but that's what my reply was based on.


From the GM, Q&A:


Q said looking at REYL model on other assets, can you use the other consortium partners to do the heavy lifting, free carry?

A. in terms of financing, we would look to use REYL. In terms of operations we would look to use a similar framework with the same providers. When it comes to the resource we want as big a piece of that as possible

Q Schlumberger have taken equity in the past? Re Sound Energy

A we did look at that model, they not only take equity, they take profit upside,( was wrt Sound Energy deal) there’s a cost to that, when we were having discussions with Schlumberger various models were proposed, this is the one we felt was the right one.