Sirius Petroleum Share Discussion Threads

[primroselil] 27/11/2020 14:37

How lovely QPR. Nearly made me cry!

[5cer] 27/11/2020 13:35

I own Specsavers.

[xerot] 27/11/2020 13:19

5cer, you should have gone to Specsavers.

Better with, or without, better with, or without?

[5cer] 27/11/2020 13:07

Cornish- when you post a website YOU NEED TO HIGHLIGHT THE TEXT so that it can easily be read.

[vatnabrekk] 27/11/2020 12:58

Spot on Doc!

[cornishtrader1000] 27/11/2020 12:00

A similar article as our very own CFO published. HTTPS://www.petroleum-economist.com/articles/upstream/licensing-rounds/2020/somalia-poised-for-oil-based-transformation

[dr rosso] 27/11/2020 10:06

Backed by cash, they can go wherever they like in Africa. I`d be happy to see them picking something up Ghana offshore. Lots of stalled operations to go at throughout the continent. I suspect they`d want to focus on developing gas assets. We understand now why the BoD consists solely of finance types eg ATOG has their own team of production specialists.

[cornishtrader1000] 27/11/2020 07:56

Probably explains why they looked in Tunisia. I wonder if Pan African means more than Tunisia and Nigeria.

[xerot] 27/11/2020 07:47

Same as over here then 5cer. They are all the same.

Boris Gump and Donald Dump

[5cer] 27/11/2020 07:42

Agreed Aventador - corruption prevents them from moving forward. Populated by greedy, selfish and short sighted politicians with their hands in the till.

[htrocka2] 26/11/2020 22:48

Cornish.. from the time spent with srsp these past 12 years I've come to the conclusion that Nigeria is a very difficult environment to make deals ......and get them over the line.Nigeria, with some of the largest oil and gas fields in the world, has only managed
to attract 5 percent of total global O@G investment in the last five years...it says it all....It's not srsp's fault.
the fault lies with Nigeria.

[cornishtrader1000] 26/11/2020 20:05

Whatever happened to OML2012 and OPL241? Not suggesting we have any link with them in the current model. However they were the names in the frame a few years ago.

[bronislav] 26/11/2020 18:36

Thanks for the reply vat .makes sense.

[vatnabrekk] 26/11/2020 18:25

Mainly because I never really believed that the 109 proposal was a goer. It wasn't a proper farm-in contract, it was farming in to a service contract, not a field. That's why SRSP had trouble getting funding for the field development.

But 114 was/is a proper farm-in proposal.

And we know that Shelf's Trident VIII is working on 114 right now, running tests I believe, and although SRSP is not involved at this stage, they might well become involved in the future if MP decide to go ahead with field development.

Just a guess.

[htrocka2] 26/11/2020 18:02

Bron, I could be wrong but I think vat basses his assumption on the fact that work has already started at 109 about five /six months ago...and not the slightest indication or hint that srsp are involved....however, as said, I could be wrong of course.




(The final paragraph suggest the possible extent of srsp's involvement)

[bronislav] 26/11/2020 17:17

What do you base your assumptions on Vatnabrekk?.

[vatnabrekk] 26/11/2020 17:13

Forget 109. But 114 is a possibility in the future.
IMHO only, of course.

[djj2014] 26/11/2020 15:50

Thank you for the correction. They've still had a good run and North Africa is a developing area for energy companies.

[htrocka2] 26/11/2020 12:14

bleemster.. . I don't know about santa...however,

'Was it down the back of one of the directors sofa?'

If you read Resolutions passed on Dec 13th 2019...paragraph 4 sub section 4.1...it states that SRSP still have the Authority, until 31 Dec 2020, to issue shares to the value £5,533,949 ( a curiously specific number)...as the 'Exemption' is also included...means that they can issue them without offering to existing shareholders first. ….If this has been raised via a single entity, they could acquire about 25% of the company. (the last sentence is my opinion only)

A certain poster stated that the ATOG stake would be enough to act as collateral,,,,the problem with this is that if you carefully read mortgage deals...the bank/Building society still own the property until the last pound is paid off...whereas a share issue...ownership is immediate and attributed to share value.

[dr rosso] 26/11/2020 12:10

SDX operates only in Egypt and Morocco

[solarno lopez] 26/11/2020 12:03

On the nose Doc