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Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Petroleum Plc LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.40 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.3 -0.1 - 15

Sirius Petroleum Share Discussion Threads

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DateSubjectAuthorDiscuss
23/9/2020
13:51
As of March 2020, proof of funding required for deal to be authorised. If Sirius is involved then perhaps this isn't the turn key but another one for the pipeline.hTTps://www.espacemanager.com/exclusif-tout-sur-lenigmatique-affaire-de-la-cession-des-permis-sud-ramada-et-jenein-center.htmlMuch ink has been spilled since the announcement on Monday by Canadian oil and gas company Zenith Energy, which informed that it had agreed to acquire an active operating interest (WI) in a field. on shore oil tanker in Tunisia.Speculation has gone all over the place about this affair, especially as the Canadian production company has not disclosed the company with which it is in talks for the acquisition of this block in Tunisia, which currently produces according to its said 700 barrels of oil per day (bopd) and generates an annual gross income of about $ 15 million and gave no information on its location.Better still, it turned out that the Tunisian authorities, and in particular the Tunisian Petroleum Activities Company, which is the partner of any foreign company that prospects, explores and produces oil or gas in Tunisia, was not aware of the matter.Espace Manager tried to do its little investigation into this enigmatic transaction and we managed to collect the following information.The transaction to sell Medco's interests in Tunisia was apparently negotiated in the first place between Medco and AAOG (Anglo African Oil and Gas), a company owned by the Canadian oil and gas production company Zenith Energy and which has a minimal concession in Congo.Negotiations between the two companies did not result in an agreementA company was subsequently created in April 2019 between two AAOG officers (James B and David S) called ATOG (Anglo Tunisian Oil and Gas) primarily to complete the transaction with Medco.But this new company did not verify the requirements provided for by the hydrocarbons code in Tunisia (acquisition conditions, technical and financial capacities).In June 2019 and in its letter to the General Directorate of Hydrocarbons in Tunisia, ATOG apparently introduced itself as an AAOG affiliate.The transaction was completed on November 18, 2019 and the Hydrocarbons Advisory Commission (CCH) clearly requested the deposit of bank guarantees covering the obligations on the South Ramada and Jenein Center permits, as well as a penalty on Hammamet offshore.Although the deadline set by the CHC for finalizing the bank guarantees was February 21, 2020, nothing has been paid so far.This suggests that ATOG does not seem to have the financial resources to pay the bank guarantees required by the consultative commission of hydrocarbons (CCH), to honor its commitments with Medco, as well as its contractual commitments (a well exploration on South Ramada and another on Jenein Center scheduled for 2020). What apparently involved the reappearance of Zenith Energy in this affair to try to conclude it as announced in the press release released on Monday.This is why the kind of press release disseminated to announce the acquisition of an active exploitation stake (WI) in an onshore oil field in Tunisia, seems only a media stunt seeking the impact of the announced effects. likely to influence banks and investors.Knowing that we were informed, during our investigation, that no concession of an oil field on the territory and in the Tunisian territorial waters, can be made without the approval of ETAP and without the respect of the hydrocarbons code in Tunisia.
carc
23/9/2020
13:49
Again, I dont get your point, im not debunking Rosso, I also think he is onto something and am trying to work out if his theory holds water.
minichris
23/9/2020
13:32
MiniChris you could Police someone like Htrocka2 for pumping out useless nonsense regarding SRSP on a daily basis, yet you seem to go after Dr.Rosso whenever he comes close to potentially lifting the lid on something. just an observation. Doesn't mean I'm correct though.
bumhammer
23/9/2020
13:24
Rough timeline of events (please fill in the gaps) - January 2019 - Sirius takes the Blue Ocean loan February 2019 - Sirius suspends March 2019 - ATOG formed by Mr Anthony James Berwick March/April 2019 - Blue Ocean boys take directorship positions in ATOG April 2019 – ATOG strike a deal with Trafigura to finance the acquisition of the the share capital of ATOG Petroleum BVI from Medco Energi June/August/November 2019 - ATOG/Trafigura deal gets amended November 2019 – ATOG completes acquisition November 2019 - Ocean Blue boys resign December 2019 - Taylor joins ATOG as director Footnote –The ownership of ATOG/ATOG Pet BVI et al are disputed and the murky AAOG thing raises eyebrows too.
minichris
23/9/2020
13:14
Debunkked it
xerot
23/9/2020
13:03
Dr Rosso, which small project do you have in mind as the starter?
vatnabrekk
23/9/2020
12:53
What exactly have I debunked?
minichris
23/9/2020
12:41
DR...I appreciate your views on the mergers etc....and the new projects suggested...but to be honest we've gone from drilling Ororo to 109, to 114, to 119 , the Additional Producing Asset and nothing's materialised...all these projects have accomplished is topics for posters to talk about....and now we have something else to talk about I'd rather talk about cruise shops than new projects..
htrocka2
23/9/2020
12:34
Sounds all good to me Dr Rosso
futureisbright
23/9/2020
12:34
SIRIUS PLC. supply Europe via the pipeline to Italy? Supply UK and Ireland by LNG tanker from Nigeria? AFC pledging half a billion to 119.
lotusflower
23/9/2020
12:23
Hmmm, why would 3 Alpha Ds (with shareholder links to Sirius) take up 6-month D appointment on a newly established O&G privateer (with shareholder/employee links to Sirius)? Could we be looking at a merger here between 2 O&G Cos? Not exactly a straightforward Sirius relist, as AR implies, more an IPO. I think we may well soon find ourselves as shareholders of a NewCo, completing the return to market. Resolution 5 approved authorisation of allotment of over 3bn shares. Consideration shares perhaps?. Wouldnt surprise me here that we`ll shortly see a proposal to become co-owners of a brand new set of Med near-production assets, which will be used as instant collateral to board the waiting cruise ships on 114, 109 and 119. Potentially enormous. Relatively small Deal 1 is the trigger.
dr rosso
23/9/2020
12:04
What has Blue Ocean got to do with both Sirius and ATOG? They conveniently took up short term board positions March/April 2019 then all resigned November for Taylor and Berwick to take the helm. Coincidentally the deal with Sirius was at the end of January 2019. More questions than answers.
minichris
23/9/2020
11:38
Pretty sure that Mr Sherl0ck would fully go along with that. Equally sure that Mr S knows the particulars of this first deal. Would initial production from this relatively small asset count as "first oil" for Sirius? The people involved in this latest production venture are a combination of Havoc, ex-Ophir and ex-Add. All very well known to Sirius BoD. Lets hope that the O&G 2P reserves are sufficient collateral to secure the larger funding required, so triggering contract "award" into "execution" with MPL (cruise ship 1 waiting in the wings, with Glencore on board.) Big picture is taking shape. Delays were prob simple licence issues. I see that this other Co. has recently appointed a Production Superintendent, + OKeefe is the Drilling & Ops Manager.
dr rosso
23/9/2020
11:20
@drrosso "but for some reason a smaller deal 1 is being squeezed in ahead of the big stuff." Seems logical to me, we secure a smaller asset that requires a smaller loan that's easier to obtain with little to no collateral. Once we have an asset and a production income we can then secure bigger funding against the smaller asset and its revenue.
minichris
23/9/2020
10:02
the Mary Celeste abandoned and left to drift I know that feeling !
captminion
23/9/2020
09:45
I understand ‘Tunisia’; was signed off, at the back end of 2019. Just saying . Please don’t shoot. GLA
futureisbright
23/9/2020
08:21
GLENCORE Passenger on one of the deluxe cruise boats?
lotusflower
23/9/2020
08:16
Yes, but for some reason a smaller deal 1 is being squeezed in ahead of the big stuff. Why does the rowing boat (which is what Sherl0ck and Antenna are referring to) need to precede the cruise liners, I wonder? Join the dots for the big picture.
dr rosso
23/9/2020
07:52
So the cruise ships are back on the agenda then??
deadly nightshade
22/9/2020
23:48
hTTps://beta.companieshouse.gov.uk/company/11899484/officers Well hello, what have we here. Appear the 3 directors of Alpha Blue Ocean, Pierre, Hugo and Amaury, who just so happened to be running a North African O&G privateer during 2019. Throw in Jon Taylor + Alan Stein + Mark Sofield, all of Havoc (holder of 200m Sirius warrants) and on the books of atog, for good measure. Focus on shallow offshore gas. Big pic emerging? That shockingly bad convert-to-confetti Alpha CLN arrangement starts to make some sense if Sirius is involved here. A mix of 110m shares+warrants picked up for a song is a very much under the radar payment, almost akin to a gift. Hmm. I`d like to bet those high-roller poker-playing Alpha boys have been rewarded with a shedload of ultra low cost shares ahead of some kind of O&G deal, with cruise ships lying in the background. Was Sirius so desperate for £440k, if so, why? edit. Well double hello. Look who has turned up as Drilling Manager, none other than the Acting COO of Sirius Petroleum! Dermot O'Keeffe Director - Drilling and Operations at Anglo Tunisian Oil & Gas London, Greater London, United Kingdom Anglo Tunisian Oil & Gas Director - Drilling and Operations Company NameAnglo Tunisian Oil & Gas Full-time Dates EmployedJan 2020 – Present Employment Duration9 mos LocationLondon / Tunis
dr rosso
22/9/2020
22:37
Yep bad enough being shafted by the company every year, letalone all these ramping idiots who've never called anything right. Shocking form all round. When will this nightmare end I just want my money back and to see the back of this retched company.
aventador
22/9/2020
22:07
So whos wrong now?!....Again! Antenna221 Aug '19 - 21:22 - 96338 of 105512 0 11 0 stbilow.. I also wish you hadn't invested here... You have been nothing but a pain in the neck with your negative post. Let's look back in the next few months and see who is right or wrong. I will not post a reply to negativity.
stbilow
22/9/2020
22:05
This time last year.... Antenna221 Aug '19 - 19:55 - 96326 of 105512 0 17 0 Stbilow... You don't expect an honest answer. I couldn't give a toss what you expect. It is what my nearest and dearest expect. We are extremely excited what is about to happen. Would you and negative posters drift off to the sunset. Put your small assets In to a post office savings account. All the best long term holders.
stbilow
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