Sirius Petroleum Share Discussion Threads

[bronislav] 01/10/2024 14:47

FIB.great news...are things starting to unfold?.

[futureisbright] 01/10/2024 14:12

Confirmation

The Ministry of Natural Resources, Petroleum and Gas (“MIREMPETR21;) has authorized Sonangol E&P to transfer a 35% stake in Block 27 to Sungara Energies. The authorization was provided by Executive Decree 175/24, of 25 September 2024.
 
After the transfer, Block 27 will be held as follows:
 
Sonangol Pesquisa e Produção, S.A. (operator) …….. 65%
Sungara Energies ………;……̷0;……R30;……230;………………….. 35%

Block 27 is located in the Kwanza Basin.

[bronislav] 01/10/2024 12:37

It doesnt matter the reasons behind Eni offloading the plant,the important aspect is why did Tende pick it up..If its genuine i would see it as a positive.The other question is WHY has it been leaked.

[stbilow] 01/10/2024 09:28

Thanks HT for below

Ref
from the AR.
13 UNDRAWN BORROWINGS
At 31 December 2022 and 31 December 2021 there was an undrawn convertible loan facility of $4,436,000 (£3,250,000). The drawdown of this loan is subject to the Company relisting on AIM, and shareholder approval.

[astralvision] 01/10/2024 09:25

This article gives a good reason as to why ENI may wish to dispose of such an assethttps://www.mees.com/2024/8/16/news-in-brief/eni-drills-off-tunisia/f08dd850-5bcd-11ef-8ccc-a7c214b4c5f6Eni is drilling its shallow-water Maamoura permit in Tunisia's Gulf of Hammamet having contracted the Shelf Drilling Resourceful jackup rig for July-October 2024. Combined output from Maamoura and a second nearby Eni permit, Baraka, was 6mn cfd for 2023 but slumped to just 2mn cfd for 1H 2024, whilst oil output has halted completely since early 2023.Tunisia's overall gas output was down 28% at just 130mn cfd for 1H 2024 putting this year on track for the lowest figure since 2007. Crude output was down 13% at 29,600 b/d, on track for a multi-decade low.

[astralvision] 01/10/2024 09:23

Here's some details of the planthttps://auduboncompanies.com/project/maamoura-baraka-field-treatment-plant/Presumably still used for Maamoura and Baraka fields, although I think the flow rates from those fields are now well down from their peak.

[astralvision] 01/10/2024 09:18

Dr R's Tunisian update sounds very interesting.It presumably means we are funded to develop Cosmos, perhaps we might see oil from Cosmos back end 2025 if development gets underway soon, or perhaps it already has?With expected flow rates of 15k-20k bopd and Tende initially receiving 100% of that, dropping down to 80% once Tende have recouped ETAP's 20% share of development costs, then this should be a very valuable asset.An official update wouldn't go amiss!

[htrocka2] 01/10/2024 08:13

'does anyone think there is the possibility of another placing after Tende relists?'

ref 'stbilow'....Newly raised cash is normally incorporated into the AD on relist...however, I don't think they'll need this time.


from the AR.
13 UNDRAWN BORROWINGS
At 31 December 2022 and 31 December 2021 there was an undrawn convertible loan facility of $4,436,000 (£3,250,000). The drawdown of this loan is subject to the Company relisting on AIM, and shareholder approval.


(pps....SENX on the up again.. 0.25 (5.68%)

[htrocka2] 01/10/2024 08:02

Ref Dr's post...

'ATOG/Tende has acquired the Tazarka Hydrocarbons Production and Processing Centre from ENI. It will be used to receive oil from Cosmos.'

Presumably, implies that Cosmos is a 'done deal'


ps...Welcome to Q4.

[riskybisky] 01/10/2024 07:46

can you give some kinda source doc, otr even an exp[lanation as to where you got this from.

Respectfully.... you do have a bit of form lol!

[bronislav] 01/10/2024 07:18

IF its genuine and ive no reason to disbelieve Rosso then we are flashing the cash.There must be a reason why the company cant update us but its poor investor relations.i would prefer to be kept up to date rather than a couple free beers after an AGM.
The reality is we dont really matter to the company,its the large holders that will be pacified.

[undertaker] 01/10/2024 06:45

Source please!

[carrbradshaw] 30/9/2024 21:15

Where's that update from Dr R?

[stbilow] 30/9/2024 20:46

does anyone think there is the possibility of another placing after Tende relists?

[dr rosso] 30/9/2024 20:19

Update on Tunisia...

ATOG/Tende has acquired the Tazarka Hydrocarbons Production and Processing Centre from ENI. It will be used to receive oil from Cosmos.

Description.
Eni operates the Hydrocarbon Production and Processing Center of Tazarka, located in the north of Tunisia in the governorate of Nabeul, for the exploitation of Maamoura offshore deposits (MMR) and Baraka (BRK). The different fluids from these two fields are delivered from the two platforms to the onshore site through two respective sealines of 10” and 12” and with respective lengths of 19 km and 49 km.

Oil and gas associated are separated and stabilized in the center. Compressed gas,
softened and dehydrated, is delivered in gaseous form to the Tunisian network
gas distribution (STEG) and, like LPG, by trucks to the Company National Petroleum Distribution (SNDP). The crude is shipped by trucks to the Compagnie des Transports par Pipelines au Sahara (TRAPSA) located in Skhira at a distance of 340 km and at the Company Tunisian Refining Industries (STIR) in Bizerte at a distance of 150 km.

[ace1976] 30/9/2024 19:58

Hard to excited with this lot any more as there are always let downs and you look a fool telling people this Is the month

[bronislav] 30/9/2024 19:57

Proper Perps

[riskybisky] 30/9/2024 19:13

Not heard anything from the perps

[bestdeal1] 30/9/2024 18:58

I fully expect nothing to happen followed by excuses and new dates

[bronislav] 30/9/2024 16:55

Could cut the tension with a knife 🤑🤣

[htrocka2] 30/9/2024 09:37

O/T (just out of interest)

SENX, who's main income is from Tunisia....is being 'stalked' by a stake builder..
(currently +27%)....now +32.59%(11:30 am)...(Let's hope we go the same way)

'The Group completed lifting 62,930 bbl of Tunisian crude oil in the second half of March 2024 at an average price of $82.76/bbl...'

[aventador] 30/9/2024 09:34

Anything would be a dream better than current zero