Sirius Petroleum Share Discussion Threads

[solarno lopez] 21/9/2020 07:03

He should its so apt

[vatnabrekk] 20/9/2020 21:44

Dr. Rosso should get lots of ticks for that one!

[1sonic] 20/9/2020 20:49

Brilliant dr rosso

[dr rosso] 20/9/2020 20:00

Managed to have a word with Johnny Bick ....

[dr rosso] 20/9/2020 18:44

"Sirius is in advanced discussions with a third-party funder for the provision of the required $40 million debt funding, which is intended to be secured directly
against the cash flows generated as a result of the Ejulebe MWPC, which is designed to boost current production on the Ejulebe Field from c. 250 bopd to over 5,000 bopd, by providing for a workover on 1 existing well and the drilling of one new
development well, EJ-9 and, at the Company’s option, 2 additional work-overs or side-tracks of existing wells. The MWPC also includes an obligation to drill 1 exploration well on either the EJ-WSW or EJ-SW prospect."



Atlas Petroleum Resumes Development of Nigeria's OML 109 ...
www.petroleumafrica.com › atlas-petroleum-resumes-d...
Jul 6, 2020 - Atlas Petroleum International has resumed workover activities and well interventions on OML 109 in Nigeria in order to enhance production .


Could this new field activity not be the outcome of Sirius` involvement? Seems highly unlikely to me that Atlas could suddenly find a different partner to jump into bed with, and get things moving so quickly. The July 6 brief is pretty much exactly what Sirius was promising ie workovers, well interventions, boost/enhance production. JB`s dismissal merely adds to my suspicions.

Similarly with Block 114, who`s suddenly going to leapfrog in, with a rushed up $40m to hand, sorted for MPL, with Trident VIII now set to commence drilling work on Abana. This is Nigeria, remember. Witness again the unseemly haste to dismiss any hope of the field development partner being Sirius. Hmmm.

[bleemster] 20/9/2020 18:08

Well if Sirius are in a legal (lights on funding) agreement (Craven) to relist before end of year would take three months to come back would mean they would need to release an admissions document this week (to avoid xmas down time)We shall see if this is the case !

[htrocka2] 20/9/2020 17:53

Thanks for the advice Bummer.....but I'm merely quoting the management.. maybe you should divert your attention to them. It wouldn't surprise me if they mentioned the dread Q4 again.

[htrocka2] 20/9/2020 17:47

Cheers vat......If I had to sit an exam paper headed 'Sirius Petroleum'...I'd fail.


Outlook (from latest AR)
The MAIN focus for the Group in the IMMEDIATE term is to successfully COMPLETE the OML 109 acquisition and the acquisition of the Additional Producing Asset highlighted above. These bring immediate entitlement to production as
well as low risk production growth and exciting development, appraisal and exploration opportunities. The Board is confident that it can secure the funding required and has the technical and commercial capabilities to successfully deliver
on the potential that these two transformational acquisitions bring.

[bumhammer] 20/9/2020 17:45

Hotrocka, can you please, please stop misinforming this board with your rambling..Just sit back and leave it to those who know have some idea what they are on about

[vatnabrekk] 20/9/2020 17:33

HT, SRSP are not involved with 109, JB has given a strong indication of that in his message to Chuffy.

[htrocka2] 20/9/2020 17:27

“The renewed development of OML109 ...'(by Atlas Petroleum..'...posted 6th July) 2020....it doesn't sound as if SRSP are up and running with 109?)

[captminion] 20/9/2020 16:18

Squatters or sublet lol

[cornishtrader1000] 20/9/2020 16:04

Ivar HolmD&C Superintendent at Sirius Petroleum Plc01/2018 - 09/2019

[dr rosso] 20/9/2020 15:59

Lotusblossom also plugging Akers. Akers and Holm working on a Ghana asset. But what is he doing at the Bury St office? Sirius branching out in West Africa to form a Pan African entity? Ghanaian cruise ship?

[vatnabrekk] 20/9/2020 15:04

"...which it believes is potentially transformational for Sirius..."

That part is true. Before the 109 deal came along SRSP was listed on the stock exchange, now they are not. Transformed!

[lotusflower] 20/9/2020 15:02

KVAERNER subsea on a stick

[htrocka2] 20/9/2020 14:50

I wonder if it took Atlas two and half years to get a deal signed?

OML 109 Acquisition
On 4 December 2018 the Board was delighted to announce that it had signed a conditional agreement to indirectly
acquire an effective 30 per cent interest in OML 109, a block containing the producing Ejulebe field, and a transaction
which it believes is potentially transformational for Sirius (“OML 109 Acquisition”). OML 109 is located approximately
30km south of OML 95, ..'

[dr rosso] 20/9/2020 13:03

241, estimated to have 7 billion barrels of oil equiv, certainly is in Ondo offshore territory. PGS collected the seismic data, Schlumberger took 2 years to analyse. All directed and paid for by Sirius, on behalf of Owen, 80% owner of the long 241 lease. Can`t imagine that FGN is too happy that such a potentially lucrative O&G block, sitting right next to Lekki, continues to lay dormant.





Out of interest, this fellow has just appeared on the scene.
Luke Hopkins. Recruitment Consultant at Owena Oil And Gas Company Limited

[sirianbotham] 20/9/2020 12:57

One of Bobo's bands

[dr rosso] 20/9/2020 12:37

Along those lines, why is Ivar Holm, a D&W Engineer working for Norway`s Aker Energy, based at 25 Bury Street? Currently working alongside Tomi and Lavinia at the office. Why is he still here?

Ivar's Experience
Logo
Aker Energy AS
Current
D & W Manager
Almost 2 Years
October 2018 - Present

Logo
Sirius Petroleum plc
Current
D&C Superintendent
Over 2 Years
January 2018 - Present






Btw, locking innocent people up on the basis of the flimsiest circumstantial evidence is what got many police officers to the top of their careers. What`s a bobod band?

[sirianbotham] 20/9/2020 12:26

Until you find someone on LinkedIn that worked for an Australian firm that shared an office with afren that's had a recent trip to Nigeria and is in one of bobod bands ...,,,

[lotusflower] 20/9/2020 12:16

ONDO STATE.
What a prize they have in 241.

[dr rosso] 20/9/2020 12:03

My crystal ball, which I have named Sheluck, confidently tells me that we won`t be entering a drilling partnership just off Tasmania. Hope that helps.

[dr rosso] 20/9/2020 12:00

Whatever, something is about to break and could well be ahead of 114 news. Will we see a skimpy rowing boat or a majestic cruise liner? The latter brings forth a big-revenue-generating O&G producing asset partnership, the former a tuppeny tpot 10% of oil services cash flow from a prospective 2k bopd tiddler.

What`s it going to be? Eyes peeled ....