Sirius Petroleum Share Discussion Threads

[alamaison5] 23/8/2018 08:30

Wan to join the loser Club, lol

Ken Chung
23 Aug '18 - 08:06 - 4186 of 4188 (Filtered)

sammyshares
23 Aug '18 - 08:11 - 4187 of 4188 (Filtered)


jimduggen
25 Aug '16 - 19:28 - 2693 of 2702 (Filtered)

[ken chung] 23/8/2018 08:29

It's a fine short.

[ken chung] 23/8/2018 07:58

Another lifestyle company being ramped by desperate alamaison5 trying to pull in lemmings so he can exit.Avoid avoid avoid.

[xerot] 23/8/2018 06:48

Sonic put a sock in it pal you've never been right once. Your drivel is compuphonic interferance, White noise at best and utter and disgusting filth at worst.

If he could just stop playing with his Spam Javelin for 5 mins he may make a little more sense.

[1sonic] 22/8/2018 22:24

Pay day in a few days and that for sure will be my last buy....

Just hope I can get in before the rise.


Won’t be a lot mind!

[1sonic] 22/8/2018 22:20

Forget about the rig

The bod don’t seem to care about the rig.

Funny old game this...

[northdown1] 22/8/2018 22:16

Yeah WTF rig?
Smart 200+ word theories do not answer the real question.

[1sonic] 22/8/2018 21:36

Aventador that’s brill....

[aventador] 22/8/2018 21:31

Check out @stu1210's Tweet: https://twitter.com/stu1210/status/1032244160865226754?s=09

[riskybisky] 22/8/2018 21:30

Been playing for years and we haven't even passed GO yet.

[1sonic] 22/8/2018 21:09

Meanwhile xerot got a house on Whitechapel road.......

Red thumb time :-)

[1sonic] 22/8/2018 21:05

Funny old share this!

I just keep buying more!

It’s like monopoly...

You know at some point they will land and have to pay out....

Seems I’ve got my hotels on park lane and Mayfair..

All lined up for a pay day...

Now get a ducking Rns out...

Lmfao when it does land....

Boom and it’s gonna be a sonic boom..

[sherl0ck] 22/8/2018 19:54

As some have misunderstood, let me clarify - I am also in the ‘drill Ororo first camp’. All I’m suggesting is that based on company info it appears that we should then see more rapid growth.

This is because we’ve spent a long time designing and honing the appropriate key (primarily consortium partners & project funding) which is of significant value to us and which will unlock proven Nigerian assets.

Once Ororo development has commenced we don’t need to go back and take another couple of years designing a new key from scratch, we can copy and use it again and again elsewhere.

Possession of the key and demonstrating that it works on Ororo puts us in a very strong leveraging position with regards to other asset owners/operators, particularly those struggling with operational development & financing.

I also assume that to a substantial degree the key helps satisfy the owners of the larger assets we’ve evaluated and maybe continue to hold exclusivity on. From their perspective I imagine they primarily want to be confident that sizeable assets will be meaningfully developed and hydrocarbons flowed, resulting in revenues for all. AIMO.

[vipste] 22/8/2018 19:40

*obvs one of

[vipste] 22/8/2018 19:35

There isn’t any REYL cash that’s obvs of of the many issues. Where exactly has there been confirmation such a deal has been SIGNED? It’s so far down the line from the “discussions” don’t be surprised if these clowns are scrambling around to find another finance deal or.....just maybe, they have an actual plan and facilities actually ready to execute a comprehensive drilling campaign. As it stands and with the lack of communication and the rig nonsense you’d expect it to be the former as it would make sense. Either way....now is the time to come clean BODs...deliver something for once.

[bleemster] 22/8/2018 19:12

Spot on mate. Simples.

[htrocka2] 22/8/2018 19:00

I hear where you're coming from bleemster…R30; I'd just like to make one comment in passing. I'm in the 'drill Ororo first' camp with Edgein on this one...get the rig onto the HLV as quick as possible. Look what happened when they had Glencore all wrapped up like a toffee and ready to go....what happened?..srsp wanted to start here there and everywhere all at the same time, spending vast sums of money on unproven assets that were still on the drawing board and miles from producing hydrocarbons. SRSP were way too over ambitious with other peoples money, bordering on fantasy and promising them 60,000 bopd, Glencore were realists... pulled out and went with NNPC instead. SRSP would like to have drilled the whole of the Niger Delta..... with other people's cash and retain control of the company....they live in dream world. Just imagine the lost revenue from ORORO1 by not drilling in 2012....as promised. To expand from a £25m company to a £250m virtually over night in the IOT sector, that I could understand....but not O@G (Afren expanded too fast and went bust)....yet had srsp drilled in 2012, with the price that oil fetched during that period and a gradual build up of the company.. we could have been a £1bn company by now....and 25p a share.

[astralvision] 22/8/2018 17:45

good to read some interesting and quality posts from Edgein and Sherl0ck, cheers guys.

[shez20] 22/8/2018 17:42

Stop talking sense edgin they don't like that on here! They prefer to be told that 2 blocks and other distressed assets are just going to be handed over to us and this will be done soon and us all mega rich! Having to go back to 2015 for a mention of other asset is desperate and likely like you say is still not on the table for them

[sherl0ck] 22/8/2018 17:38

Edgein - Whilst I agree that your views apply to the vast majority of O&G companies and typical scenarios, I do think you’re underestimating Sirius and what has already been established by way of the consortium and funding model.

If we can line up $100m potential project funding to fully develop Ororo before the drill bit has even turned and Bobo says we can replicate this, that gives a different perspective.

In my mind the very point of the heavyweight consortium (which is currently complete overkill for Ororo on its own) is to help secure and develop a bunch of assets much more aggressively than would otherwise be the case for a small AIM company. I can’t therefore realistically see the partners being happy to wait another 3 years following Ororo drilling before they can get their teeth in anything larger.

It was the Board themselves who talked of ‘significant growth’ following ‘COMMENCEMENT of commercial oil and gas production’.

[drrichard] 22/8/2018 17:34

Thanks, and agree. Ororo first.

[edgein] 22/8/2018 17:32

DrRichard,

Reyl is plenty of cash, that's approximately the cost of Ororo to FFD, I guess the balance is the money that BP are offering for the offtake agreements to get to FFD. I was thinking about acquisitions though not just Ororo funding. The company has hinted that the development funding they have in place for Ororo could be replicated on other fields. I'd like to see the start of one field development first though, the one that's right in front of their nose.

Regards,
Ed.