Sirius Petroleum Share Discussion Threads

[flyster] 17/7/2020 07:24

Bumhammer is a human tape worm

[kwizza] 16/7/2020 22:02

Marginal fields schedules....

[oliversanvil] 16/7/2020 13:11

If U.S. foreign policy changes after the election in November, the oil market may have to contend with more supply from Iran, and possibly Venezuela.

The possibility of Iranian and/or Venezuelan oil returning to the market will place further downward pressure on oil prices over the next two years, when global oil demand is expected to edge closer to the pre-coronavirus levels.

[lotusflower] 16/7/2020 13:06

BID ROUND QUALIFICATION NEWS TONIGHT

[qprallan] 16/7/2020 12:48

Oliver - Don't forget to take your medication.

[oliversanvil] 16/7/2020 11:57

They also said Maxwell had “declined̶1; to identify her spouse to court officials.
I bet its Bobo!

[deadly nightshade] 16/7/2020 11:20

By the look of it bobo's gone off starting a rock band what ever next? We might have jack pryde on telly advertising Stannaha stair lifts. I thought we suppose to be a oil and gas company with all these big assets in the pipeline. Next time we see bobo he will probably pop up on X factor instead of a podcast

[aventador] 16/7/2020 08:15

This awful company suspended trading in Feb 2019 nearly year and half ago what the hell is going on with our investment and money, utter utter shambles and disgrace bobo is useless not achieved nothing he promised at any of these agms meetings briefings, where's the rto admission doc? What's the state of play regards any proposed farm ins?When are we going to start trading again if ever? Why no news or updates during this worrying time and pandemic. Shocking firm wish I had never heard of it, nothing but a big stressful scam job costing everyone thousands upon thousands in losses with no one being held to account for it!

[vatnabrekk] 15/7/2020 22:08

Actually HT, that wasn't quite what happened.
Sirius paid $1.5M to COSL as a DRILLING advance for the COSL Force while it was in the UAE. They were due to pay the MOBILISATION fee of $3M once the rig had been loaded on to the Heavy Load Vessel for transportation. But as it was never loaded on board, I assume that the mobilisation fee was never paid to COSL.

I don't know if Sirius ever got back the $1.5M drilling advance fee from COSL.

I never came across anything that stated that Sirius paid anything to Shelf for the Adriatic I, until I read this report today.

[htrocka2] 15/7/2020 21:26

'Was anyone aware that Sirius made a partial payment of $3M to Shelf Drilling for the Adriatic I,...'

I remember the story at the time. SRSP sent two company reps to the AUE to verify the problem with the rig, after many delays, the rig was said to require a five year re-certification. Strangely enough, shortly after the visit and out of the blue, we ended up with a 'Shelf' rig that was already in the Niger Delta area...The conclusion being that although srsp had paid COSL the $3m, they couldn't supply a rig and passed the contract onto Shelf, with offices about six miles up the road from COSL's HQ in Dubai, and surprise, surprise, we ended up with a 'Shelf' rig....this was never confirmed...merely a consensus of opinion at the time.






All that one side...the point was/is...the srsp stated that they would make farm-in deals with the winners of the 'next bid round'....that was written in 2019...We're now in July 2020...and the Marginal bid winners are to be announced shortly.

[vatnabrekk] 15/7/2020 18:59

Yes, this report was issued in January 2019, about a month after the Adriatic I went on hire to NDEP instead of to Sirius. The report states:

"According to Sirius, the agreement for the Adriatic 1 jack-up unit, which the company had made a partial payment of $3 million, would have seen the spudding of Ororo-2 well take place in the last quarter of 2018, but drilling has been delayed once more until Shelf Drilling provides “definitive timing” for the mobilization of the facility..."

Was anyone aware that Sirius made a partial payment of $3M to Shelf Drilling for the Adriatic I, which was hired to NDEP in December 2018 instead of to Sirius? Or is this just a fabrication?

This report suggests that Sirius was blaming Shelf for not giving them the rig, but I was almost certain that it was Sirius who wasn't in a position to take the rig on hire.

Seems to be quite a bit of "Fake News" floating about.

[oliversanvil] 15/7/2020 18:31

January 3, 2019

[htrocka2] 15/7/2020 18:14

Just located a 'morsel'..


'Despite the delays in drilling of the Ororo, Sirius is optimistic its Nigerian investment strategy would work, especially if it succeeds in wooing winners of future planned offshore Niger Delta bid rounds for farm-in deals...'

(they have the 'well heads')

[htrocka2] 15/7/2020 15:40

Thanks minichris.Week 8 now and still not a rig in sight?

[minichris] 15/7/2020 15:08

@HT

Just FYI, Ororo as of today is still burning, however I cant tell you if thats a controlled flare or its just burning in general.

[5cer] 15/7/2020 14:44

Bummer knows nothing that is obvious - just an aggresive whining windbag.

[htrocka2] 15/7/2020 13:58

Good point vat.

[vatnabrekk] 15/7/2020 13:50

HT: They wouldn't tow a rig from the UAE to Nigeria, they would stick it on a Heavy Load Vessel. The mobilisation charge for the COSL Force would have been $3M but of course that never happened.

[pgtops] 15/7/2020 12:29

According to Sky, Nigeria is to be a Dominant Global Power in 80 years..... not long to wait!