Sirius Petroleum Share Discussion Threads

[aventador] 03/9/2020 11:36

Well who knows anything it's all hearsay until we get an official update. What i understood was we didn't want anything to do with it due to ownership issues etc and we need this new deal signed off to keep us going after years of failed projects.

[vatnabrekk] 03/9/2020 11:29

Adventator, regardless of what JB may have said about Ororo, I don't understand why the fire at O1 should make drilling at 02 unviable. I believe that latterly it wasn't SRSP's intention to re-enter 01 anyway, and I don't see why it shouldn't still be possible to drill 02 as a new well in the future. The reservoir is still there.

[vatnabrekk] 03/9/2020 11:24

Dr.Rosso: I agree with your 104839 post entirely. I never liked the 109 deal from the outset, as I have stated here several times, and surely it is now fairly clear that it is no longer on the table for SRSP.

[bumhammer] 03/9/2020 11:01

5cer

Can you please tell me why you always want to play to the crowd on here? Are you that DESPERATE for some form of validation and acceptance from faceless posters?
The fact you are an illiterate old nob end who knows nothing of any value concerning your investment here makes it even more hilarious.

I'll be the first to admit I don't post anything thought provoking regarding SRSP as we have 12 yrs of total fiction and wasted lives already archived in this thread which to be honest is juts plain embarrassing. I just post what I like for sheer irritation which obviously you bite at like rabid dog.

I own you in every way 5cer, so just let it go and get back to make believe rig spotting with your mannequins.

[aventador] 03/9/2020 10:47

HTR ring them up and ask it's not hard takes 5 mins of your time if that.

[htrocka2] 03/9/2020 10:20

I'll believe t when I see it.

[dr rosso] 03/9/2020 10:19

One positive aspect is that the Ororo marginal wasn`t, after some deliberation, thrown into the current bid round by DPR. FGN wants these kind of assets producing, not sitting dormant for a decade as happened before. I wouldn`t write off this Ororo hub/satellite Project, with Ondo/Owena likely to retrieve the licence in conjunction with the Sirius consortium, and get things moving relatively quickly thereafter.

[dr rosso] 03/9/2020 10:19

VAT. The 109 deal is flawed in that there is insufficient collateral. An indirect 30% of TPOS future cash flow from a couple of thousand bopd would struggle to raise $40k, never mind $40m for further block development, the deal being dependent on securing this latter funding.

[dr rosso] 03/9/2020 09:27

Nothing personal but Ant & Sherl are in the firing line because they stick their heads above the parapet, but unfortunately nothing whatsoever materialises from their utterings. Both shooting blanks, one with jam tomorrow and one more vaguely with jam a few weeks down the line. Go back 5 years, 10 years in Ant case and it`s the same broken record played over and over again, repeating in different words on a bb the same wishful anticipation thrown out by the BoD. On a pedestal, claiming to know all. The reality is knowing fuk all.

[vatnabrekk] 03/9/2020 09:21

SRSP needed to produce collateral to complete the 109 deal, and apart from Ororo and OML 114 I'm not aware of any other source where they could produce that collateral. I have seen no reports that SRSP completed the acquisition of Tetra, but it seems that Tetra are now involved in a JV with another company to provide services to 109.

[1alfi] 03/9/2020 08:55

Vat re 104813 - how do we know it won't be oml 109

[bumhammer] 03/9/2020 07:58

Puckered Jotter

[vatnabrekk] 02/9/2020 22:44

HT: I haven't necessarily written off Ororo either, and I reckon there is just an outside chance that some way down the road SRSP might be able to do a proper farm-in with Owena. But that will have to wait until the current situation with Ororo is sorted out, and whether GP is in or out.

But SRSP doesn't have time now to wait for that to happen, they need to fix a revenue-earning deal in the very near future. And as you say, we'll have to wait and see what they come up with.

[1sonic] 02/9/2020 22:26

Dr Rosso,

Why target Shel0ck he’s in the same boat as us. Locked in and been led up the garden path with jam.

[dr rosso] 02/9/2020 22:14

Bron

You will no doubt be interested to see that Killik has just upped its hoding in Infrastrata. Gas storage play. Could well be connected to Sirius.

I invite Mr Sherl0ck to come on and say this is the wrong track .....

[htrocka2] 02/9/2020 22:09

vat...we'll have to wait and see what they come up with.It's going to be an interesting read.I for one want to know about the conclusion to ororo,ie, is it still on the back burner or down the plug hole, before getting over excited about a further project that's on the drawing board.

[jonnysquare] 02/9/2020 21:46

Massive clomper

[1sonic] 02/9/2020 21:42

Saw that a few months ago QPR

[5cer] 02/9/2020 21:21

CEO pursuing a musical career - he's been on the fiddle for years.