Sirius Petroleum Share Discussion Threads

[aventador] 20/4/2024 14:08

No relist no chance of seeing anything cash back they surely can't indefinitely remain in this state.. then again we've had over a decade of the same delays excuses failed deals.. what's different now here's hoping for a 2024 relist still think it's a long shot the months are ticking by and no real substantial updates still.

[ace1976] 20/4/2024 14:03

Sol will only believe when the cash is in my HL account 😉

[solarno lopez] 20/4/2024 13:49

You are too kind ace1976 but I must leave that to others who believe and probably rightly so, know more than !

[ace1976] 20/4/2024 12:33

The title of this thread should be renamed to Relist and Angola not completed and Sol should be in charge

[dr rosso] 20/4/2024 11:23

They can hide behind that statement for an eternity. Pretending that they do not know what`s going on. Court case over Tunisia, what court case? 65 on hold.

Saga has become Debacle Part 2. Ororo rig, what rig? Ororo fire, what fire? As ever, transparency, integrity, honesty all conspicuously absent. Contrast with Afentra, an oil Co. that gets on with things, says what it is going to do, and does it.


With our lot, it`s pure obfuscation. Lack of announcements re progress leaves us completely in the dark. Govt approval for 18/31 was received in June 2023, at which point $18m deposit was allegedly paid, that money coming from a $20m loan from Petropolymer to Tende Energy Angola. Since then, no update, nothing.


Waiting for who to do what?

[solarno lopez] 20/4/2024 11:05

'In short we are required to complete the current Angolan transaction before relisting

[htrocka2] 20/4/2024 09:46

Extract from the e-mail reply..(highlighting the point I'm trying to make)
hence the reason the 'partnership' is referred to as a 'Consortium'.(as opposed to AET being a single entity)

E-mail reply.(extract)
'In short we are required to complete the current Angolan transaction before relisting - that is the reality. We will be updating shareholders on progress in both Nigeria and Tunisia - when we are able to do so. The Angola transaction is substantial and has been long in duration ......

(highlight)
given the multitude of stakeholders in the proposed assets required to approve its go ahead ......

- of which we are confident - but we also recognise the long duration that shareholders have had to endure.

The transaction is progressing and we are waiting on final approvals but cannot yet be firm as to a timeline at this stage until that is confirmed. Once that stage is reached we will move ahead with the listing process.


In other words....all parties concerned will want a successful conclusion yet Tende are only a 'link-in-a chain' whereby a 100% consensus is required to be reached by the whole chain......and a chain is only as strong as its weakest link.(ps, we're not told how many 'links' are in this chain)

[rugbybloke] 20/4/2024 05:33

That's not the impression I was given at the AGM, what makes you say that?

[vito corleone the 2nd] 20/4/2024 00:20

Bottom line is the long term share holders have given up supporting the company and that’s why they don’t post anymore. It’s shows they’ve had enough.

When your biggest supporters close up it’s time calling time!

[futureisbright] 19/4/2024 21:22

Some are clearly doing something right, and reaping the rewards!

PRESS RELEASE

NNPC Ltd, First E&P Achieve 20,000bpd Production at OML 85

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset, also known as Madu Field.

Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at an average of 20,000 barrels per day. 

The achievement is a testament to the commitment of the President Bola Tinubu administration to optimise production from the nation’s oil and gas assets through the provision of an enabling environment for existing and prospective investors.

Speaking on the development, the Group Chief Executive Officer of NNPC Ltd., Mr. Mele Kyari, described the commencement of oil production at the Madu Field as a significant milestone that will contribute to the larger goal of meeting the production required to drive revenue growth and boost the nation’s economy.

Kyari, who commended stakeholders for their support, also explained that the addition of 20,000 barrels per day by an indigenous oil player signals the commitment of stakeholders to achieving economic development for Nigeria.

It would be recalled that the Final Investment Decision (FID) on the development of the Madu Field and a sister field, Anyala, was taken by the NNPC Ltd./First E&P JV in 2018.

Production from the Madu Field will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading (FPSO) Unit, which has a crude oil storage capacity of up to 800,000 bbls.

[ace1976] 19/4/2024 16:46

They are obviously from assets gained but
Unless you are a insider or know someone you don’t obviously know if the big bonuses are deserved

[rugbybloke] 19/4/2024 15:40

What evidence do you have Angola completed months ago Doc?

[endisinsight] 19/4/2024 15:38

ace1976.......where are these 'bonuses' coming from? and why are they being paid?

[ace1976] 19/4/2024 12:56

Xerot suppose when you can give give yourself huge bonuses you don’t really care how long it takes

[dr rosso] 19/4/2024 12:48

Angola was completed months ago. Moved on to handover of the Company to the new entity. In order to do so, things have to be sorted elsewhere. 65 is ready to go, with double funding and teams in place. Q1 saw the decks cleared in Tunisia, with MedcoEnergi happy to accept a $1m payoff to settle the outstanding debt on the portfolio. Omega FC obviously less happy with what was offered as settlement, and their ppl have resorted to court action to recover what they think they are entitled to.

[sirianbotham] 19/4/2024 11:49

I don't think they can as long as Angola is live.

[xerot] 19/4/2024 11:30

Ace which was exactly what was reported after the meeting. They have no clue on Angola. That's the problem. They should get it relisted with 65 only as this is taking too long.

[aventador] 19/4/2024 08:21

All his posts are cryptic I can't read them as the prats filtered, happy Friday.. another week of tumbleweed apart from a generic email saying nothing happening any time soon.

[rugbybloke] 18/4/2024 22:28

Why so cryptic

[bumhammer] 18/4/2024 21:28

Sol will know for sure. Maybe Astral if he's smart.

[rugbybloke] 18/4/2024 21:18

Care to enlighten us BH?

[bumhammer] 18/4/2024 18:19

So anyone worked out JpJ yet :)?

[bronislav] 18/4/2024 08:48

It would Be great to have Afentras experienced board running our oil and gas operations🤑

[riskybisky] 17/4/2024 22:59

The story wAs I think that guarantee entered ororo 1 against our and I think it was havocs advice.

I remember this fire got srsp alarmed enough to open a twitter account to publicly distance themselves from this mess.

Crazy thing is nobody cares enough to stump up and stop it.