Sirius Petroleum Share Discussion Threads

[bronislav] 10/1/2021 14:17

We don't know vat,I certainly don't but there is something about all this where we identify an asset and then it never gets over the line or appears to have not got over the line.I still have a huge.positive feeling about Sirius but I don't for one second think or buy into what this company is perceived to be based on rns,s.

[vatnabrekk] 10/1/2021 14:02

On this map you will see that there is a line from Ejulebe to Okpokiti which is where the Trinity Spirit is/was.





You're right, I don't know if they may have arranged some other means of export from Ejulebe, but I do know that they haven't done any further development since the workover barge Lacie Bourg left in mid September.

[bronislav] 10/1/2021 13:40

Vat.if workovers in july of this year increased production what would be the point if there was no infrastructure to deal with it?whether if it's oranto or Sirius surely the same issue would apply.How are you certain that there is no link to escravos?

[vatnabrekk] 10/1/2021 13:36

Being close to Escravos doesn't help them much Bron because they have no connection to there. The Ejulebe export route was through the Trinity Spirit at OML 108, but I don't know if she is still there.

[bronislav] 10/1/2021 13:22

Work overs have been undertaken on wells on109 and it is close to the escravos oil and gas terminal so not sure about the 108 issues being an issue.Until I hear it from sirius I'm not convinced .when we suspended Sirius were at an ADVANCED stage of funding.This was in 2019.What happened ?.

[vatnabrekk] 10/1/2021 12:55

The offshore construction jack-up barge Lacie Bourg worked at Ejulebe for only a couple of months from July to September, presumably carrying out work-over and testing. Since she left in mid September, I have seen no further activity at or around Ejulebe.

If they are going to do any development work at Ejulebe or in OML 109 generally, then they will need a bigger animal, a proper drilling rig like the Adriatic I.

[captminion] 10/1/2021 12:30

It would be difficult to admit failings on a regular basis especially when they’ve already profited from a particular official news release that came to nothing.

Based on that I guess they’ll be no news until they’re in a position to make a instant profit from it. So until then we’ll just have to make do with Sherl0ck’s and antenna’s renderings.

[bronislav] 10/1/2021 12:15

It would be better if it came from the company.Why can the company not update us.,why the secrecy?.

[sherl0ck] 10/1/2021 11:55

We didn’t close the OML 109 deal so we’re not secretly accruing revenues from it. Ejulebe’s associated crude extraction FPSO, Trinity Spirit, sits on the neighbouring OML 108, the licence for which has since been revoked. So for this and other reasons, the asset would currently be problematic to farm into and fund.

[5cer] 10/1/2021 11:01

This coming week Brent poo expected to reach $60+

[bronislav] 09/1/2021 09:48

VAT.so we may well have 109 and we may be accruing revenues That's all I'm saying.

[vatnabrekk] 09/1/2021 08:41

Yes Bron I agree that the company should keep us updated with these events. All I'm saying is that as we haven't heard anything, I suspect that they have not yet paid the first instalment. IMHO. That's all.

[5cer] 09/1/2021 06:51

We should all know by now that the reluctance to update shareholders with news is the bod's greatest flaw.

[bronislav] 08/1/2021 23:25

Vat.surely a company cannot pick and choose what it updates the market with.It should keep its shareholders fully updated as far as is possible.My point is people are claiming something like revenues are not happening because the company would update us well it's clear that is a bad argument if they pick and choose what we are updated on.

[5cer] 08/1/2021 21:42

Brent poo now $56

[vatnabrekk] 08/1/2021 21:40

Bron, as I alluded in my previous post, I would have thought that becoming 20% part owner of a producing company would be much more important than NOT getting a contract, and that the BoD would be more likely to shout about their achievement, whilst keeping quiet about an opportunity that had slipped away.

[bronislav] 08/1/2021 21:17

Vat.so if we haven't got 109 why haven't the company notified shareholders?

[carrbradshaw] 08/1/2021 21:11

Good news future - about the best news we’ve had in a while

[futureisbright] 08/1/2021 18:50

With my “superior knowledge”, I believe ‘we’ve/new co’ have been producing oil and revenue for some time. No announcement required by law (loopholes). No I’ve not been drinking but just about to start.

[xerot] 08/1/2021 18:04

Oliver, its a bit early for boozing don't you think ?

[vatnabrekk] 08/1/2021 16:54

Actually no I don't, but the first ATOG instalment would be something huge - the very first ownership of part of a real producing oil company!!

[bronislav] 08/1/2021 16:42

Sirius would have made an announcement.
Hmmmmm.🤔.Do you think we are still involved with 109 VAT ?