Sirius Petroleum Share Discussion Threads

[astralvision] 13/8/2018 13:36

It certainly is something of a conundrum Build out a world class consortium with access to funding and seemingly sit on your hands whilst deadline after deadline heads west.It sure lends weight to all the conspiracy theories or just simply just gross incompetency or both!Everyone has a strong incentive to make this work and a company that can stitch a deal together such as SRSP have achieved must clearly have something about them and so rules out, imo, incompetency.As is usual in these sort of cases the truth is likely to be very much more mundane and boring than any greater reason like not signing the PIB, or selling assets we ain't got etc etc.Given the length of time the recert has taken it would appear the rig was not so much hot tooled but in need of a serious overhaul. SRSP need to make sure the wool isn't pulled over their eyes any more and I suspect this episode is a rude awakening to the practicalities of the O&G world.The good news is , as I think Vatna has pointed out, we should soon have a modern, robust and high spec rig that is capable of an extended drilling campaign in Nigeria.Get this show on the road and everything else could fall into place. 'Recertification ', which, I think, has certainly been a badge to cover a multitude of sins, should be finished 'soon' I would think and with 2 cosco hlv soon to be or are already in the area then perhaps this episode of this long running saga may soon come to a halt and we can make serious operational and asset progress.I certainly hope so.

[aventador] 13/8/2018 13:09

Bobo was last seen on the ghost train on Walton pier going round on loop while j bick was on the dogems also dodging emails from us investors while enjoying there summer vacation.
Meanwhile the poor holders of srsp shares where eating another can of smart price beans while sitting round the campfire in bognor regis budget campsite holiday park all chatting about the good old days of 5p plus share prices and promises of imminent riches.
Xmas looms with corned beef dinners and Poundland socks are under the tree again while we all sit staring at the dwindling shareprice & this crazy bulletin board and dreaming of another year of oil and 25p share prices.
The joys of srsp Investing.
You can join this club at any time by buying some bargain price shares plus your trading fee.
Or just be a lurker like loopy granite twit.
Heres to another week/months of madness.

[solarno lopez] 13/8/2018 11:39

I am indebted to Panther Securities for the RNS below.

You will get the drift in relation to our rig, whose re-certification was a 4 week job some months back when you read the RNS....

.THEY KEEP SHAREHOLDERS UP DATED.




#13 August 2018
Panther Securities PLC
(the “Company”; or the “Group”)
Update on St Nicholas House, Sutton
Further to the announcements of 16 April 2018 and 11 July 2018, the Company announces that the sale of St Nicholas House, Sutton (which is being jointly marketed by the Group and Crown Agents Limited) has been delayed and will not complete in August 2018.
A revised completion date of 6 September 2018 has been agreed pursuant to a second variation agreement dated 13 August 2018 in consideration for:


An additional payment of £500,000 (of which the Group's share is £325,000); and
An extension fee of £50,000 (of which the Group's share is £32,500).
In the event that the purchaser completes the sale on 6 September 2018 or within 5 working days after service of a notice to complete, the additional payment of £500,000 and the previous additional payment of £500,000 shall be deducted from the balance of the purchase price payable on completion. However, if completion takes place after the expiry of the fifth working day after service of a notice to complete, both additional payments shall be treated as payable in addition to the balance of the purchase price.
The Company remains hopeful that the remaining balance of circa £6.4 million of the agreed consideration will be received on 6 September 2018.
For further information:


Panther Securities plc:
Tel: [phone]

[bumhammer] 13/8/2018 11:19

I actually laughed hard at that Shez.. Clap Clap :)

Sounds like the chef is now suffering with Chronic Anal Fatigue Syndrome.
Probable delay of 6-9 months before he's back on eggs Benedict duties and we can get rolling again

[shez20] 13/8/2018 11:12

Dr rosso madness mate! I actually was going over old posts from certain posters the other day and I had forgot completely about it but bobo had promised us a drill in q1 2016 as well! What planet is this boy on!

[dr rosso] 13/8/2018 11:08

H1 2017, H2 2017, March 2018, April 2018, Summer 2018.

Next please ....

[dr rosso] 13/8/2018 10:38

Never any apology. Simply move onto the next promise. And so it goes on. Zero cred. Bring back Arthur Daley.

[xerot] 13/8/2018 10:27

Corruption is at the heart of Nigeria, that's the problem, that corruption has fed into this company and that is why it is so frustrating as a nation that generally works in a more honest way it becomes indecipherable and challenging to understand the constant failed promises and deadlines

[dr rosso] 13/8/2018 10:12

Nothing moves so fast. Not difficult to put out a rig update, since the latest promise (movemement after recert) failed to materialise. Courtesy and respect appear to have no meaning,. Here is how a geuine O&G Co. behaves ...



Anglo African Oil & Gas PLC / Index: AIM / Epic: AAOG / Sector: Oil & Gas

2 August 2018

ANGLO AFRICAN OIL & GAS PLC

('AAOG' or the 'Company')

Rig Update

Â

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to provide an update on its planned multi-horizon TLP-103 well to be drilled at the Company's Tilapia licence in the Republic of Congo.

Â

Having cleared customs at Point Noire ahead of schedule, the set-up of the SMP-102 rig is now approximately 80% complete. Â Accordingly, AAOG anticipates that the TLP-103 well will spud on 15 August 2018 subject to rig testing and acceptance. The TLP-103 well is expected to take 64 days to drill.

Â

David Sefton, Executive Chairman, commented "I am delighted that we have a spud date for TLP-103 and am grateful for the hard work of our operational team that has brought this date forward in such a professional manner. TLP-103 could be truly transformational for the Company and its shareholders and I am looking forward to providing further updates in due course."

[vatnabrekk] 13/8/2018 09:00

So, HT, are you suggesting it could all go to hell in a hand-cart?

[htrocka2] 13/8/2018 08:55

Thanks for the red thumb...obviously someone can't handle the truth...allow me to give you a bit more. When Dr Mimimko was Governor of Ondo State, the leader of the opposition complained that billions of State budget Naira had been pumped into OPL 241 and required accountability to which he replied that the state would soon see a return on its investment. Dr Mimimko's tenure came to an end and the new administration took over. The hydrocarbon extraction budget for 2018 was circa £32k that included the purchase of a 'Hilux 4x4' and other vehicle maintenance and a £2k allowance for 'offshore platform inspections'. With this budget they also stated that they owned 80% of OPL 241 and 45% of Ororo....and are looking for participating partners.

[xerot] 13/8/2018 08:34

Caution Sid we've got every right to question these people as they have failed to do what they said they are going to do. As a shareholder I have a right to speak my mind and a cretin such as yourself will not stop me from airing my displeasure in regards to this company and the performance of said company.

How long do we give them ? what is the time frame that is acceptable, surely that has long since past hence the probing and pushing.

[billyrayvalentine] 13/8/2018 08:05

...O/T, GPO has its AIS switched back on ;-)

[htrocka2] 12/8/2018 22:01

O/T...( a related read)

Dr Mimiko, ex Ondo State Governor, through whom SRSP formed the Owena Oil and Gas partnership, is to back his ex Commissioner for next February's State Governor Election. (we don't seem to be having a lot of support or enthusiasm with the current one...it's all gone too quiet).

[cautioussid] 12/8/2018 18:57

Xerot

Why don't you just wind your neck in?

If you can't cope with the stress that an investment in this company demands, kindly sell up, or shut up, and give serious investors a little less of your stupid and childish comments

[xerot] 12/8/2018 14:18

they don't reply as they are reptiles

[htrocka2] 12/8/2018 11:45

Bron... Havoc signed a non binding 'Definitive Agreement' which has legal status.(as opposed to Letters Of Intent or Memorandum of Understanding...that both have a definitive conclusion)... and means that at the end of the day.....everything's negotiable....including the lapsed warrants.

[htrocka2] 12/8/2018 11:14

Bron..

'HT .They probably already have their shares from money raises .'

If this company has anywhere near the prospect that we've been lead to believe then I'd be very surprised if Havoc didn't have a participating interest in it.


(but then again....would 'insiders' be allowed to accumulate 3% (120m shares) without informing the market?)

ps...don't forget 'ADD Energy' as well..

[bleemster] 12/8/2018 10:18

We need to do a sweepstakes like guess the baby's weight but with days of the year. Or days of the decade

[rpat2] 12/8/2018 10:08

RNS next week