Sirius Petroleum Share Discussion Threads

[dr rosso] 02/11/2018 06:50

There was never anything on the COSL website to indicate that a contract had been signed with Sirius to provide a drilling rig, never mind any details about timings. Shelf clearly states that its contract runs initially for 135 days, with operations commencing Q4.

[drrichard] 01/11/2018 22:51

Finally , a tug, Busy Bee, in Adriatic’s back yard!

[vatnabrekk] 01/11/2018 22:29

"But this one is coming from a genuine reputable O&G services provider ...." (Shelf Drilling).

I thought COSL was a genuine reputable O&G services provider!

[dr rosso] 01/11/2018 22:07

The PGS seismic survey on OPL 241 was commissioned by Sirius in 2014. The data covered the whole block and was analysed over a 2 year period by Schlumberger, on behalf of Sirius. That data has never been made public but it is thought that the block holds a potential 7 billion boe.

[deadly nightshade] 01/11/2018 21:35

Yep I will be holding here for how ever long it takes as I think one day something big will happen here, I always remember that Dr rosso quote when he said I'm going no where till 1 billion barrels is revealed well I would be happy with that and so would my bank manager :-)

[bleemster] 01/11/2018 21:30

As rosso said, Srsp does indeed have a bad reputation of failed promises.. BUT Shelf doesn't. So I personally have a rejuvenated faith in SRSP because of SHELF and SHELFs reputation.

[bumhammer] 01/11/2018 21:27

ShhhhhhhhYou can hear it...

[xerot] 01/11/2018 21:25

Less Bo Dudley and more Bo Diddley with this lot

[dr rosso] 01/11/2018 21:21

Q4. Coming from Sirius, the likelihood is of the usual wish upon a star fairydust.

But this one is coming from a genuine reputable O&G services provider ....

SHELF DRILLING ANNOUNCES NEW CONTRACT IN NIGERIA WITH SIRIUS PETROLEUM
Dubai, October 8, 2018 – Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”;, OSE: SHLF) announced today that it has secured a contract on the Adriatic I jack-up rig with Sirius Petroleum (AIM: SRSP), for their drilling program offshore Nigeria. The contract term is for 135 days plus options, and planned start-up of operations is Q4 2018.

[bronislav] 01/11/2018 21:17

Deadly...i think the resolution voted through at the AGM giving authority to issue a significant number of shares was for a specific reason and the company would have known at that stage what thise shares would be issued for.Im leaning towards drill delays but obviously hope not for all shareholders sakes.As handi points out its the gas that is the real play in this sirius plan and once revealed some things may well shock us.im only in the guess camp but the gas plan here must be significant.

[aventador] 01/11/2018 21:05

Yep the bod Gonna get the full wrath if no spud by Xmas, the only spud we will be seeing is the one on our corned beef dinners again if this lot don't meet the deadline and return our cash and some profit lol.Hopefully this time it's diff volume today a good sign. We live in hope all we can do.

[handygandhi] 01/11/2018 21:02

Enter Jumpin' Jack Flash

[sherl0ck] 01/11/2018 20:50

“There's a healthy price for oil and energy and I believe that balances producing countries and consuming countries.... In my mind, it's somewhere between $50 and $65 a barrel. The world can live with this.”
Bob Dudley, BP CEO

[deadly nightshade] 01/11/2018 20:44

well the oil price is tanking big time so lets hope it happens in november

[xerot] 01/11/2018 20:38

You know that spud date in Nov ain't gonna happen and I think deep down we all know that already.

More games and delays.

[deadly nightshade] 01/11/2018 20:35

xerot its still early doors yet, so november is still looking good for some sort of action but i am sure if we hit december with no rig moves then our bod will be taking some stick again on here. lets just hope for once in 10 years this is actually going to go somewhere, we have got to be positive

[astralvision] 01/11/2018 20:32

Of course whether this proposed spud is going to go the same way as all the other time lines given, only time will tell.Personally I think it will happen. It's the closest we've got to date, a rig and in the right country!

[astralvision] 01/11/2018 20:28

They've given a spud date (approx)From the rns of a few weeks ago:'...which is scheduled to become available during November and is in close proximity to the Ororo field. ''As previously announced, the Company and its operational partners, Schlumberger and Add Energy intend to achieve the spudding of Ororo-2 at the earliest possible time during Q4 2018.'So that sounds like intended spud this month or next to me.

[xerot] 01/11/2018 20:28

The carrot is disappearing up their behinds

[deadly nightshade] 01/11/2018 20:25

bron do you think if we are diluted it will bring into play those shares that were voted through? someone on twitter posted today that rig was sorted but waiting funding for ororo confirmation . hope we don't get diluted more but we all know how aim works where share issues are concerned

[bronislav] 01/11/2018 20:12

All the chasing around watching the adriatic,its laughable really after all these years .A spud date (approx) could have been given to long suffering shareholders.Of course a spud date would not allow the share price to be controlled,the prospect of dilution is a very real possibility and a likely reason for the control of the share price The plan is now coming to a conclusion in my reckoning,will they take it right to the line ie end of ororo license?probably.

[xerot] 01/11/2018 19:57

Sherlock when we going to have an end to this saga?

This is a Saga now.

[sherl0ck] 01/11/2018 19:41

O/T - looks like there’s finally a conclusion to the Vitol Nigerian saga. In the end BTG has opted to hold on to their 50% stake in the Nigeria JV, meaning that the Vitol consortium will instead acquire the other 50% held by Petrobras for $1.53bn (originally they were looking at paying $2.5bn for everything).

They’ve secured 21k boe/day current production from Petrobras’ 8% & 16% stakes in Nigeria’s highest profile deepwater fields (Agbami, Akpo, Egina in OML 127 & 130) but this will rise over the next year in line with overall planned 368k boe/day to 568k production increases from these Chevron & Total operated fields.

With Glencore actively bidding and both Mecuria & BP also originally touted as closely looking at these fields, it shows how the world’s key oil traders appear to be complimenting traditional trading & off-take agreements with more direct ways of securing valuable supply.

[b4agc] 01/11/2018 17:17

I think that regardless of today's strange share movements and despite months, if not years of disappointments and false dawns, going on what we now know this is one time where it would be correct to say "I wouldn't want to be out of this over the weekend".We know the rig, we've seen evidence of activity by SRSP on that rig, the dates are right and there's been a big increase in marine traffic around the rig.Regardless of "other assets", gas offtake agreements, etc., etc., there are now 3 further days of potential rig movement that will kick start the share price.I feel that anyone waiting for the right time to jump in would be taking a big risk to wait until next week.