Sirius Petroleum Share Discussion Threads

[aventador] 02/10/2024 08:42

42p pure comedy gold 4.2p would be a miracle

[d0kita] 02/10/2024 08:23

I'm more interested in where the other 2.5 billion came from

[htrocka2] 02/10/2024 08:20

'Where did the extra .5p value come from from?'...

It came from here.(below)

[rugbybloke] 02/10/2024 07:41

Well JP you've been nothing but consistent. Where did the extra .5p value come from from?

[riskybisky] 01/10/2024 22:17

In layman's terms it's taxi for the tende crowd (which we paid for)
OR maybe 🤔 they've done good.
Who knows?

Typically we're the only one not gone through. Bah!

[brianbl] 01/10/2024 19:57

Talking on 2nd and 3rd
hxxps://angolaoilandgas.com/speakers/edson-dos-santos

[dr rosso] 01/10/2024 19:06

Stage looks all set for Edson Dos Santos, a keynote speaker on 3 Oct.
Will we hear that Etu/Tende has fully completed on 18-31-27, the only deal remaining outstanding of the 2 bid rounds? Tende team have their seats booked, for the first time ever in attendance at a major O&G Conference. If Etu`s CEO is going to deliver the promised 50k bopd during 2025, he needs 18/31 to be added to his acquisition list.

[aventador] 01/10/2024 18:32

In layman's terms wtf is going on then?

[dr rosso] 01/10/2024 18:31

Further update from Tunisia..

ATOG/Tende has ceded its 5% possession of, and working interest in, the Adam oil field, which forms part of the Borg el Khadra block in the Tataouine region of Southern Tunisia.

Info from source operative appears to be borne out by the following link..



Tende look to be holding onto Bir Ben Tartar (100% w.i), whilst their main focus shifts to offshore Cosmos.

[dr rosso] 01/10/2024 18:21

Decreto Executivo n.º 176/24 (Ministério dos Recursos Minerais, Petróleo e Gás)
26/09/2024
Autoriza a Sonangol E&P a ceder 10% do interesse participativo que detém no Contrato de Partilha de Produção do Bloco 15/06 à Sungara Energies.



Decreto Executivo n.º 175/24 (Ministério dos Recursos Minerais, Petróleo e Gás)
25/09/2024
Autoriza a Sonangol E&P a ceder 35% do interesse participativo que detém no Contrato de Partilha de Produção do Bloco 27 à Sungara Energies.



Decreto Executivo n.º 174/24 (Ministério dos Recursos Minerais, Petróleo e Gás)
24/09/2024
Autoriza a Sonangol E&P a ceder 40% do interesse participativo que detém no Contrato de Partilha de Produção do Bloco 23 à Sungara Energies, e autoriza a Sungara Energies a exercer a função de Operador do Bloco 23.



Sungara $500m deal done. Timelime is same as Tende, SPA signed in early May 2022. Sungara has got exactly what it was asking for.
10% of Block 15/06
40% of Block 23
35% of Block 27
(Sonangol still showing as holding 65% of Block 27: agreed split was 40% Son, 35% Sung, 25% Tende)



All the Sonangol onshore and offshore bid round divests, initiated 3 and 2 years ago respectively, have now completed

Bar one.

[futureisbright] 01/10/2024 16:10

Under,
One Legal Portugal

[d0kita] 01/10/2024 16:05

hxxps://lexlink.eu/legislacao/angola/14793/ia-serie/por-terma

[undertaker] 01/10/2024 15:48

what are the SOURCES??!!!

links anyone?

[tradoil] 01/10/2024 15:40

Sorry to be a bit thick here . Sounds good. It I'm behind the curve(as usual ) . What does this mean for us ? Thanks in advance

[bumhammer] 01/10/2024 14:49

Nice one FIB, proper post.

[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%)