Sirius Petroleum Share Discussion Threads

[htrocka2] 07/8/2018 12:54

'...subject to rig availability, Sirius anticipates that production from the Ororo field could start as early as ...'


That sounds promising, I think I'll buy a few of these...drilling in Q3 2012, 4p sounds cheap (that was dated October 2011)....and I bought a few.

[aventador] 07/8/2018 12:36

Srsp have been in many a worse scenario over the years that's for sure, in its current guise we should all be happy last news stated all was ready to go.
Sit back watch this space, short term share price isn't relevant unless your selling.
Gla.

[aventador] 07/8/2018 12:34

Notwiserthanyou I have made more profit on srsp than you ever did buying 200k of oilex at 11p you utter pleb.
Now get back down the job centre.

[wiserthanyou] 07/8/2018 12:32

Carrera you have never been in profit with srsp.Not even remotely possible unless you shorted them.
Fact

[shez20] 07/8/2018 12:29

Lol no ones crying here trust me! You are starting to resemble a desperate man worrying about getting his money back here aventor! Makes no difference what is write on here and you know that! It was time for the bod to deliver yesterday! In all honesty what stops them from creating another excuse? You honestly believe a rig cert stops us from drilling in April and it is still stopping us in August do you? Madness

[aventador] 07/8/2018 12:23

Only been in a position to actually make profit this year the rig needs repairing/recert hence delays, must be nearly ready though.Something is gonna happen soon stop crying sell up if you don't like it.

[shez20] 07/8/2018 12:16

You all dog wiser and admittedly he has he agenda here but a lot of what he says is true! 10 years and what have these guys produced oil or cash wise? How much money have they had over the years? How many shares are in play and most probably more to come! How many times have they lead the people that back them(us) down the garden path and missed deadline after deadline which a lot of the time looks deliberate! What shareholder value has ever been created here? These lot need to produce what they have promised for many years

[aventador] 07/8/2018 12:16

Here come the buys again can't blame them, cheap entry point now.

[bumhammer] 07/8/2018 11:37

When I do a "Deal" it tends to attract a profit or payment for services..

Hand job?

[wiserthanyou] 07/8/2018 11:35

When I do a "Deal" it tends to attract a profit or payment for services. SRSP has done neither but issues shares like confetti to the mugs prepared to believe there rampant hogwash..Enter carrera and friends ;)

[wiserthanyou] 07/8/2018 11:29

They haven't earned one cent...

[aventador] 07/8/2018 11:28

Not done anything except manage to score deals with bp schulumberger havoc cosl etc etc who clearly must'nt have done a diddly bit of due diligence to get involved with this tin pot sham of a company.Oh well better sell up pronto.Yeah right pull the other one.A decade of proving up multiple assets under hidden subsidiaries pulling off a multitude of deals and funding packages all to see it go under hmmm.You pay your money you take your chances h2 this year has to be critical to srsp achieving there goals.

[wiserthanyou] 07/8/2018 10:46

SRSP have never done anything to make money.They however have failed many times over the years!! More importantly all the past and present directors and hangers on have done really well for salaries and the easiest jobs known to man.

[qprallan] 07/8/2018 10:42

The rejection of the Petroleum Industry Governance Bill (PIGB) by stakeholders in the Niger Delta raises questions of parliamentary responsibility and people’s civic duty. Why the objection was not raised while the bill was being debated at the National Assembly (NASS) is also curious. The stakeholders and lawmakers from the region couldn’t have been in slumber.

It took quite some time for the bill to be debated and passed into law and now awaiting presidential assent. The objecting stakeholders ought to have been on the alert. A lot of muscle is needed to stop the bill from being signed into law even if mistakes have been made.
Nevertheless, it would amount to serious blunder, indeed failure on the part of the lawmakers, if the bill has not addressed the needs of the Niger Delta people and yet was passed, seemingly, unopposed by those affected. The Niger Delta have representatives at the Assembly who ought to have objected to the bill, given, especially, the fact that the region is volatile. The people need to be assuaged permanently by way of physical development. There is no doubt that the Niger Delta problem is a thorny national issue that cannot be taken for granted. A mutually beneficial and inclusive legislation could be useful in tackling the restiveness in the region.

The current dilemma is: Stakeholders in the Niger Delta have reportedly cautioned President Muhammadu Buhari against signing the PIGB into law on the ground that it seeks to privatise the country’s oil and gas assets and to further impoverish the people of the region.



They warned that any attempt to privatise the oil and gas assets under the guise of the PIGB would reignite the clamour for resource control in the region.

According to the Pan Niger Delta Forum (PANDEFF), the only oil reform bill that would be acceptable to the people of the Niger Delta is the original Petroleum Industry Bill (PIB), which earmarked 10 per cent equity share for the oil producing communities.

PANDEF further stated that any attempt to repeal the 13 per cent derivation, which is constitutional would reignite the clamour for ownership of all oil and gas resources by the host communities of the Niger Delta.

The stakeholders further warned against the plan to repeal the Niger Delta Development Commission (NDDC) Act and abolition of the presidential amnesty programme.

Besides, former Group General Manager, Corporate Planning and Development Division of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Ellah, urged Buhari to resist the pressure to sign the PIGB into law, saying it is against national interest.

According to him, the PIGB is a deliberate privatisation bill designed to strip Nigeria of all her oil and gas assets and impoverish the oil producing states of the country.

He said every critical mind would know that the sole objective is to completely transfer the oil and gas assets of the federation to a few wealthy individuals waiting for the unbundling of the NNPC, which would pave the way for them to capture the oil and gas resources of the nation.



He warned that if the president signs the PIGB, he signs himself, the Ministry of Petroleum Resources and Nigeria’s oil and gas assets away because the PIGB is aimed at selling off all the oil and gas assets to private people.

He said the PIGB will drastically reduce the revenue accruable to the Federal Government, states, particularly, the oil-producing states.

Ellah argued that some African countries such as Zambia and Ghana that privatised their copper and gold mines are yet to recover from the mistake of selling off their natural resources. The resources, he pointed out now belong to the multinationals that pay royalty to the respective national governments.

Granted that the PIGB is only an aspect of the original Petroleum Industry Bill (PIB) that was split into four parts “for easy passage,” as deemed by the National Assembly, the Niger Delta should be considered in every aspect of the bill. It will be unfortunate if the new bill does not address their concerns, which could render it ineffective.

As far as the oil industry is concerned, any bill that does not take the interest of the Niger Delta people into consideration is bad. The anomie in the region should be the focus for any remedial legislation pertaining to the area. Otherwise, such legislation is not worth it.

Nigeria should gear towards solving the problems of neglect and abject underdevelopment of the Niger Delta permanently for peace. The real people own the land and not those masquerading as leaders who are after their own personal interests.

Although, corruption is endemic, talking of repealing the amnesty programme or the Niger Delta Development Commission (NDDC) would create more problems. The same goes with the 13 per cent derivation policy. In the absence of any other better alternative, these provisions should be left as they are, at least for now.

More important is the inexplicable delay in addressing the three other segments of the bill. At the moment, the President is on vacation, the National Assembly is on vacation, even the judiciary is on vacation. Who will listen to the Niger Delta leaders and PANDEF? This is to say that the National Assembly should take its job of representation more seriously.

[herman_m] 07/8/2018 10:29

More Niger delta PIGB shenanigans...

hxxps://guardian.ng/opinion/rejection-of-pigb-in-the-niger-delta/

[northdown1] 07/8/2018 10:01

Maybe it is the rig. Something is going on, must be RNS due after yesterday. Spread still low and still able to sell xM of shares. Either way, this has been jumping from 0.83 to 0.95 virtually every month this year. Due a rise from 0.7

[kwizza] 07/8/2018 09:25

Nigeria: Buhari Approves Fresh Measures to End Gas Flaring

[bronislav] 07/8/2018 09:00

I wonder if it was yesterday that buhari signed the UK gas deal.Some event triggered the trading yesterday.

[vatnabrekk] 07/8/2018 08:49

There is definitely a rig, bum, question is whether it's coming to us. But it is certainly there in Dubai.

[bumhammer] 07/8/2018 08:47

Vatna

Give it up son, there is no rig