Sirius Petroleum Share Discussion Threads

[bestdeal1] 24/8/2020 08:34

(i figure berating the BOd has achieved nothing, so why not try positivity!! you never know!!)

[bestdeal1] 24/8/2020 08:32

c'mon Bobo, we love you, bring it home for the team.........

[vatnabrekk] 23/8/2020 20:02

Thanks HT. My question though, presumably it won't include a farm-in element, just provision of services.

[htrocka2] 23/8/2020 19:30

vat... the package is being offered as an FTSA....which, like the SRSP/Owena/Guarantee P J/V may (but not necessarily) entail a union of more than one partner, of which srsp could possibly be one. If this is the case then one can understand the time taken for the FTSA to reach a consensus with each partner seeking to maximise his interest with respect to input. (srsp had to change their Owena/Guarantee FTSA three times...implying that it's a complicated process) In my opinion, srsp will need to apply as a part of a group to have any chance.

[vatnabrekk] 23/8/2020 17:05

Does anyone know, will the OML 119 contract be offering a farm-in % share of the field, or will it just be a straight contract to provide operational services?

[dr rosso] 23/8/2020 16:18

Ad Doc was Nov 2017. 3 years should be sufficient time to package the acquisitions. Acc to JC, Barak`s money for working capital has been put on hold. Loan repayment schedule also deferred. They are clearly hoping, and expecting, that Sirius will deliver by late summer. First oil, presumably 114, should have triggered further events, leading to relist. Whether they are partnering an indigenous entity in the current bid round remains to be seen, but why bother with 10mmb tiddler marginals up for grabs if they are going for whole blocks such as 119?

[bronislav] 23/8/2020 16:12

Not suggesting any link with sirius but an interesting company.
Taleveras energy.
Shows there is still a huge market for oil and gas.

[1sonic] 23/8/2020 15:05

QPR - send it to bobo kuti....

[qprallan] 23/8/2020 11:40

Some weekend reading. Rather long winded. Explains the legalities of The Operation Of Marginal Fields In Nigeria. Stamina needed to read it all.

[5cer] 23/8/2020 10:54

htrocka - is there a date 0n that article ?

[htrocka2] 23/8/2020 10:44

I found an interesting article on the website.....that may justify Owena's claim against the ororo revocation.

(extract)
'In 1996, the Federal Government of Nigeria backed the Petroleum (Amendment) Decree Act no. 23, under which marginal fields in OML licenses that were left unproduced for at least 10 years are required to be farmed-out to indigenous E&P companies......

.
Sirius Petroleum have signed agreements with indigenous companies to work towards this goal.' (end of quote).


Presumably 'Sirius Taglient' covers this requirement.

[oliversanvil] 23/8/2020 08:06

SECTOR INTEREST. Premier Oil (PMO) will go back to the market for another $300m (£227m) in order to get a life-or-death debt refinancing across the line. As it stands, the entirety of the oil and gas producer’s borrowings are due in May next year.

[cornishtrader1000] 22/8/2020 18:04

https://businessday-ng.cdn.ampproject.org/c/s/businessday.ng/energy/oilandgas/article/zenith-energy-shortlisted-for-nigerias-2020-marginal-field-bid/amp/

[dr rosso] 22/8/2020 16:06

Serica SQZ did pretty well on picking up BKR assets. Similarly, Sirius in on Chevron divests?

[dr rosso] 22/8/2020 15:36

Rockrose suspended whilst on the O&G acquisition trail. Relisted. £18 cash takeover.

[bronislav] 22/8/2020 08:31

It proves something is being covered up xerot.hopefully not too long to wait for longtermers to be rewarded for their patience.

[xerot] 22/8/2020 08:24

A lot of hot air on here for sure Bronny. Hot and John Bull.

[bronislav] 22/8/2020 08:17

Htrocka .it wont hold sirius up as we are a gas project.

[bronislav] 22/8/2020 08:16

Htrocka .it wont hold sirius up as we are a gas project.

[htrocka2] 22/8/2020 07:43

It's difficult to see how the latest Marginal Field bid round will succeed.

[bumhammer] 21/8/2020 21:51

No need for the homophobic slurs 5ver.Quit posting utter tripe.