Sirius Petroleum Share Discussion Threads

[waldof] 24/9/2020 16:06

qprallan - you will gwt your comeuppance!!!!

[minichris] 24/9/2020 16:06

Funny we get such a negative poster as we seem to be on the cusp of such a positive isnt it!

[qprallan] 24/9/2020 15:59

Ignore the Waldof salad nonsense and Lettuce wait and see what happens here. In the meantime lets have a laugh:

Three guys go to a ski lodge, and there aren't enough rooms, so they have to share a bed. In the middle of the night, the guy on the right wakes up and says, "I had this wild, vivid dream of getting a hand job!" The guy on the left wakes up, and unbelievably, he's had the same dream, too. Then the guy in the middle wakes up and says, "That's funny, I dreamed I was skiing!"

[waldof] 24/9/2020 15:52

AR has not left.

I gain no pleasure in seeing someone else's pain such as granite tim etc.

But you will never get a retun on SRSP u nless diluted by 110-1 at best.

i will post no more but if any of you are mentally counting that i will get xxx for my pension or whatever write it iff,

[bronislav] 24/9/2020 15:45

I've watched tstr for many years and there is no doubt that the majority of shareholders have been screwed over many fold.From today's share price tstr could bring a modest return but it's nothing like the expectation of the huge dividends once the roaster had payed back capex.

[minichris] 24/9/2020 15:42

Slight problem here waldorf is that Andrew R left years ago..... unless you have proof otherwise?

Go grind your axe somewhere else!

Edit - I just read your TSTR posts... you ramp alot!

[deadly nightshade] 24/9/2020 15:38

Very good sign if we are moving away from Nigeria makes me more comfortable with my investment if that's the case

[minichris] 24/9/2020 15:36

@Bron
Theft, vandalism, sabotage, kidnapping & piracy.
Corruption, poor governance and snail like progress.

To name but a few

[deadly nightshade] 24/9/2020 15:35

You get the feeling Taylor and stein have unfinished business after the Ophir disaster. Ophir were a cash rich company after selling a stake in a huge gas find only to see 100's of millions of cash ( 1 billion if memory is correct) whittle to next to nothing after the oil crash and medco came in and bought them out for a very good price

[bronislav] 24/9/2020 15:33

Anyone any thoughts on why they are expanding outside of nigeria.Could we also be looking at other african countries .

[deadly nightshade] 24/9/2020 15:30

Well if this does get confirmed by the Sirius guys then antennas and Sherlock's cruise ships will be docking big time

[vatnabrekk] 24/9/2020 15:17

Excellent piece of research minichris and Doc. Well done guys!

[dr rosso] 24/9/2020 14:59

Mr Taylor appears to be the main man. Might he want his latest asset-rich NewCo to list in Sirius clothes or does he prefer a relatively simple jv farm-down? Head honcho has his Havoc teammates Stein and Soper right behind him. Needs a funding/technical consortium to get things moving on the production front. The vanishing Sherl0ck correct in going for oil first.

Interesting that Add man Dermot OKeefe is COO-equivalent of ATOG whilst Acting (Interim) COO of SRSP. Merger = same job!

Henderson booted off? Now at Dunraven.
Any place for Bobo, CRO perhaps?



Time for an official announcement, I`d say ........................

[bestdeal1] 24/9/2020 14:55

all we need now is the big reveal from SRSP!

[minichris] 24/9/2020 14:47

Taken from published (and probably old) numbers so use as a guide only -

Bir Ben Tartar concession - 2,400 bop/d from 4 of 7 wells - productive capacity of the field is approximately 2,700-2,800 - TT structure & BJA-2 100% owned

ADAM concession 5% of 9k bopd

Cosmos - Probable reserves of 6.3 mmbbls – 80% owned

Sud Remada - The TT2 well has produced more than 105,000 bbl of sweet, 44° gravity crude on natural flow. Exploration well? 100% owned

Other assets are - Borj El Khadra Permit 10% - Yasmin 100% - Jenein Centre Permit 65%

Total asset reserves - 9.45MMbo net (estimated)

[minichris] 24/9/2020 14:09

The twist comes when you realise that Medco was the original owners of the Tunisian assets that ATOG purchased.

The same Medco that purchased Ophir where Jonathan Taylor was co-founder and James Berwick was senior.

The same Jonathan Taylor who now sits on the ATOG board with James Berwick.

Round and round we go.

[minichris] 24/9/2020 13:57

David Sefton and James Berwick therefore incorporated Anglo Tunisian Oil & Gas Ltd ("ATOG") as the SPV for the purposes of the Proposed Acquisition on 22 March 2019. ATOG has to date been financed by a loan from EHGOS. This loan has been used to finance the initial payment for the assets relating to the Proposed Acquisition. In conjunction with the provision of the loan, EHGOS acquired a 50% equity interest in ATOG for a nominal amount and three representatives of EHGOS were appointed to the board of ATOG. David Sefton and James Berwick are also directors of ATOG. At present, the share capital of ATOG is held 50% by EHGOS and 50% by a vehicle owned and controlled by David Sefton and James Berwick. The Company will continue to review whether any transaction between ATOG and AAOG should be treated as a related party transaction pursuant to the AIM Rules for Companies.

The addition to the agreement with EHGOS, which is advised by Alpha Blue Ocean,

At the beginning of March 2019, the AAOG board decided not to pursue the Proposed Acquisition. Following consultation with the Company's major shareholders, it was agreed that the best strategy for the Company was to focus on its existing asset.

So it appears that it goes like this - AAOG pulled out, ATOG (as the original AAOG SPV) took the Trafigura money and paid off Blue Ocean and EHGOS which saw the 3 poker players leave the board.
This left ATOG as an independent company.
We then see Taylor come on board and we assume they start looking for a partner with the technical expertise and access to funding.

[bronislav] 24/9/2020 13:34

Well going off this threads discussions we have an interest in Dunraven ATOG and drilling imminent on 114.Add to that 9 billion of euro dollar sterling bonds and the future looks extremely rosy.Big thanks to the excellent research from Drrosso and others...Wonder if we will get an update soon.

[shez20] 24/9/2020 12:39

Desperate for news was in 2018 a year after the AD and we still had no news! It's gone way beyond that now, not sure there is a word in the dictionary which would do it justice for shareholders need for news atm!

[minichris] 24/9/2020 12:32

@Bleemster

Your wife is more than a 4.5 mate, dont be so mean! Lol

[xerot] 24/9/2020 12:14

Desperate for some good news here

[vatnabrekk] 24/9/2020 12:06

All we need now is an announcement to shareholders, with an AD attached!

[htrocka2] 24/9/2020 12:00

HAVOC have revamped the website….we're still there'





'NIGERIA, SIRIUS PETROLEUM

Sirius Petroleum is an AIM listed company (SRSP:AIM) focused on oil and gas development and production opportunities in Nigeria. Havoc provides technical services to Sirius and has two representatives on the Technical Advisory Committee (TAC).

​Havoc Partners are currently assisting Sirius with the planning, drilling and development of the Ororo oil and gas field, OML 95.'


ps The John Taylor/Tunisia connection is that Medco bought out Orphir in 2019 (not sure if he still had a small holding at the time)... Havoc that would be the obvious prime movers there....hence the Sirius connection.(in my opinion)





(They're all there.....we might get a 'look-in' via the back door.)



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