Sirius Petroleum Share Discussion Threads

[minichris] 27/5/2018 09:39

I know you were Shez, im just disappointed. The sale of Ororo still goes against Occam's razor. But as each rig goes elsewhere it becomes more plausible.

[dr rosso] 27/5/2018 09:37

Latest excuse is "awaiting clarification from COSL". In itself, that`s not an explanation. Total lack of transparency. Managing an operation and seemingly in control of nothing. An invisible so-called hot rig, all ready to go, whilst the only HLV Zing Zang Zou sets off for China. The constant cover-up is not what I`d call very exciting progress, Sherl0ck. Quite the opposite. I`d call it a disgrace. Who`d accept a 5p offer for the asset package and get shut of this shambles?

[minichris] 27/5/2018 09:26

I have no way of proving or disproving that theory tho. I can track rigs and ships, but things like that , we can only speculate.

[bronislav] 27/5/2018 09:17

Minichris .you forgot number 4
Sell our investment inSIRIUS ORORO(OML95)

[minichris] 27/5/2018 09:09

My money is down the Sirius drain Shez...Another rig and HLV down, not many more plausible scenarios left.1. There is another COSCO HLV and COSL rig in the GoM and Caribbean sea. 18 days travel once loaded.2. There really is a rig in Nigeria or very close that got in under the radar.3. Were very delayed on Ororo, and a rig is months away.I just hope the BoD pull something off before the AGM.

[deadly nightshade] 26/5/2018 23:33

yep as i said the other day them 1.12p share option might not be such a easy short term target to reach if a shed load more shares are issued. in a way i would rather them share options been set at say 3p which would at least mean that for once in all these years they would have had to return some shareholder value to get the share price up to that amount. just hope they dont issue a stack more shares then sit on their hands for another 10 years. never mind other assets i either want ororo sold off or put into production asap like they said would happen last year

[shez20] 26/5/2018 23:09

I don't doubt that bron but don't expect anything of the magnitude of what is being talked off on here! This company has been one disappointment from day one and has of date yet to deliver anything other

[deadly nightshade] 26/5/2018 23:08

bron i think your hitting the nail on the head here. all these well heads ordered but no rig and not even a sniff of another hlv in sight to even collect one. only bit of joy they can bring to the long suffering here is some sort of payback from a sell off of ororo. i bet if 4p was offered here most folk would take it and run

[bronislav] 26/5/2018 23:05

Shez.they won't dish them out without some soften the blow news.

[deadly nightshade] 26/5/2018 22:52

yep that hlv heading to china just sums the situation up here. can anyone else see our mystery rig drilling by july? lets have a sell off and put 10 years of misery to bed. just hope they don't issue a jam tomorrow rns to shut everyone up at the agm

[shez20] 26/5/2018 22:52

What's left??? To dish out aload more shares! Standard procedure bron!

[bronislav] 26/5/2018 22:40

Shez.i agree that Sirius is hard to figure out but one thing is for sure ,we have all the well heads but no rig.Agm is almost upon us and we know that Sirius always try to smooth the AGM with some news.So what news.? New assets can't happen until ororo is sorted.
We can't spud because we think the rig isn't here.
What's left .sell ororo investment and everyone wins ..If the company kept us updated we would,not need to speculate.

[shez20] 26/5/2018 22:32

Where's your money at chris??? ;)

[vatnabrekk] 26/5/2018 22:10

So the HLV Xiang He Kou is destined for Yantai, China.
It seems we will have to wait a bit longer for our rig to materialise.

[bronislav] 26/5/2018 21:04

Can't see any other outcome 1alfi.They don't need to drill because they appraised it when they had the ororo2A licence.imv

[1alfi] 26/5/2018 20:52

Bron - and maybe pay out a one off dividend from the proceeds. Keep the Nigerian investors sweet and motivated to support Sirius in their future endeavours.

[shez20] 26/5/2018 20:47

Just don't see it bron although your post hit home about logic here! This company has never worked logically so to try and apply logic here is pointless! Few weeks to to see what magically appears before the agm as if not these guys best bring their tin hats

[bronislav] 26/5/2018 20:30

Sell the investment Sirius ororo (oml95).This gives significant cash going forward .We aren't selling Sirius petroleum.imv.ororo unlocks all the rest almost simultaneously.

[vatnabrekk] 26/5/2018 19:30

Yes DrR, I had clicked to that one some time ago!

[dr rosso] 26/5/2018 19:07

The point being missed here is that such quality Ondo assets are not directly available to international Companies, as noted in rns. A little behind-the-scenes manoeuvering required to prise open the gate.

[sherl0ck] 26/5/2018 18:53

Ha ha. Someone should have told the Board 2-3 years ago not to bother with any of their most recent FTSA tasks as Sinopec was stepping in! Would have saved them a huge amount of work constructing an operational consortium and organising innovative project financing, both of which Sinopec and others of a similar ilk patently have no need for whatsoever. Mind you I’m sure the Board will be absolutely delighted with their 2.5 - 5p pay off.

[oliversanvil] 26/5/2018 16:33

Your brother Doug and trevor " chebby" in one of the photos