Sirius Petroleum Share Discussion Threads

[futureisbright] 15/1/2021 19:49

Sherlock, how dare you say that JPJ is a bit of faff to Sol! Do you hold superior knowledge. When it comes to Srsp mate, I bloody hope so. You’ve kept light on for most.

[astralvision] 15/1/2021 18:05

Isn't every open offer a 'limited number'.I think it has to be!Whatever the open offer and associated raise share price was, that would be the expected opening share price on relist. If we then go to a premium that would be great, happy days!

[bumhammer] 15/1/2021 17:12

Are you taking some Rocka2?

[htrocka2] 15/1/2021 14:51

That sounds about right DR...INFA had an 'Open Offer' that was 'Over subscribed'.. therefore I'm expecting the SRSP issue to be a limited number.

[dr rosso] 15/1/2021 11:41

Open offer set at 1.125p would be the same as the price for exercise of the 400m options dished out. Market relist at 1.5p-2p perhaps...

[dr rosso] 15/1/2021 11:38

More useful info being fed through to us via Sherl0ck. All sounds v positive. Surely not another fall at the final fence ..

[sherl0ck] 15/1/2021 11:18

Likely open offer only as JPJ seems a bit of a faff and I’d prefer the company receives the money directly. Even if it ends up being a bit more than a penny, key risks will have been removed at that point so it could still make good investment sense to increase.

[solarno lopez] 15/1/2021 11:06

Thanks Sherlock and will you acquire the additional shares through J P Jenkins or the expected placing or both ?

[sherl0ck] 15/1/2021 11:01

I think your interest will perk up soon enough. I expect much is happening behind the scenes.... big funding... decent capex... new highly strategic investors... other assets... preparing to plant flags in new territories... and ongoing operations (ATOG have already been drilling). Recent placing & loan conversion was a positive signal and if funding is secured and relist info meets expectations, I’ll sell some other shares to increase my holding here.

[aventador] 15/1/2021 10:20

Awaiting an email alert for news here now, lost all interest in this company and reading these posts anymore year after year, what will be will be. Cant spend the money now even if you make a load with all these restrictions. Heres to a brighter spring and summer.

[bronislav] 14/1/2021 17:43

Haha .Thanks Drewster .I note you have omitted the other claret and blue from the Midlands in that list.

[the drewster] 14/1/2021 17:14

In more positive news Bron, Burnley look better than Sheff Utd., Fulham, Newcastle and Wes Brom, so you could well stay up this season.

[oliversanvil] 14/1/2021 16:41

Any submarines about?

[bronislav] 14/1/2021 15:49

I think ugo ocha is definitely on oml109 but I see you aren't sure.no problem VAT.

[vatnabrekk] 14/1/2021 15:47

Looking at it again Bron, it's hard to say whether the Ugo Ocha is within OML 109 or OML 90, it's fairly close to the boundary between the two. But wherever it's anchored, doesn't necessarily mean that it's servicing that particular block. The Ogu Ocha was brought to Nigeria to serve the OML 42 JV network, and crude is being brought down the Escravos River to the Ogu Ocha by the shuttle tanker Abiola.

Regarding 119, yes there was a delay changing over the FPSOs. There was a report last year saying that the Tamara Tokoni was to replace the Mystras in October 2019 i.e over a year ago. It hasn't happened yet.

[bronislav] 14/1/2021 13:31

Vat.I thought we established the UGO ocha was on oml 109.?
In October of 2020 it was claimed that 119 was about to recieve the Tamara Tokoni so if your research is correct there must have been a delay.I think it cost around 40 million dollars so I doubt that sort of investment is good if the FPSO is sat idle.

[vatnabrekk] 14/1/2021 13:24

Bron, thought I would just clarify a point you raised in your post 108014:

The FPSO Mystras has been on OML 119 since 2008. It is now in poor shape and suffering from fatigue (like some of us here!) and was due to be replaced in October 2019 by the FPSO Tamara Tokoni currently sitting on the Oyo field in OML 120, but there has been a delay and the two FPSOs are both still sitting where they were.

OML 109 doesn't have a FPSO on the asset as far as I am aware. They were previously exporting their oil through the Trinity Spirit on Ukpokiti in OML 108, but I don't think that FPSO is there any more.

[riskybisky] 14/1/2021 13:17

"I would suggest that they've moved to the starting blocks....and getting ready for the off ."

Let's hope they remembered to tie their laces and are facing the right way

[futureisbright] 14/1/2021 11:43

Bron, interesting you raise 113

[futureisbright] 14/1/2021 11:42

Let’s hope so HT 👍

[htrocka2] 14/1/2021 11:03

Thanks qp….it seems a lot of work has been done in the background...I would suggest that they've moved to the starting blocks....and getting ready for the off .

[qprallan] 14/1/2021 10:36

"QPR you can't post links like that from Co.House - they expire quickly and become useless ;)"

Thanks for the heads up. I wasn#t aware of that.

[bronislav] 14/1/2021 10:22

Is it Indicative of how starved we are of genuine progress of sirius that we are excited by 45 pages of legal requirements.Other than the mention of consolidation and name change I can't see much to get the pulse rating.
On a positive note 119 has now a FPSO on the asset and 113 has an FPSO on the asset and 109 has a FPSO on the asset.The 119 FPSO has only recently arrived and this would suggest that oil is flowing and being stored.With Nigeria limited to what they can export re OPEC restrictions where do people think this oil will be going?

[witchywoo] 14/1/2021 10:10

QPR you can't post links like that from Co.House - they expire quickly and become useless ;)