Sirius Petroleum Share Discussion Threads

[htrocka2] 07/2/2025 10:02

O/T

If the cut and paste article below is anything to go by, we shouldn't get too exited and believe all the hype that goes with the Angola deal...



Corcel's Angola portfolio consists of interests in three licences:
· KON - 16 Operated - 55% working interest - 49.5% net to CRCL
· KON - 11 Non-Operated - 20% working interest - 18% net to CRCL
· KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

CORCEL ...With the above interests in Angola licences(that TENDE can only dream of)....CORCEL has a Market Cap of £5m.

[astralvision] 07/2/2025 08:39

Interesting info Dr R. Have to agree, it don’t make any sense.
Firstly I’ve wondered why Tende detail $27m
Cap ex on Maamoura for 2025 when, as far as I know, they’ve never mentioned it before let alone said we own it and are planning cap ex on it. Was that perhaps a slip up in the AR?
Now you’re info says Tende have Maamoura and presumably bought or have got the right to use the Tazarka treatment plant, as without that Maamoura is useless. We know from your previous info that Tende were trying to buy Tazarka. Maybe this way, by buying Maamoura, Tende achieve their objectives re Tazarka which can then be used for Cosmos oil.
Maybe bringing this package together, Cosmos, Maamoura & Tazarka makes it a much more attractive and therefore more valuable proposition for the incoming buyer.
As ever, any real detail hidden by our lot.

[aventador] 07/2/2025 08:06

Another week /month of tumble weed

[dr rosso] 06/2/2025 22:35

Developments in Tunisia.

Tende's 5% stake in the onshore Adam field has been sold to ENI. I'm told that, in return, ENI has sold to ATOG/Tende or the incoming purchaser (thought to be Perenco) the producing Maamoura oil/gas field adjacent to Cosmos and will flow the hydrocarbons into the Tazarka processing facility.


Unlikely imo that Tende Energy could be in a position to be buying the field but that is what the ENI employee is confirming. Maamoura oil and gas field has been acquired from ENI by Tende Energy.


[...]

htT p://abarrelfull.wikidot.com/baraka-oil-field


Page 5 AR "Post the year end the Company chose to de-risk its exposure to substantial planned 2025 expenditure of almost $190m, ($17m at BBT, $145m at Cosmos and $27m at Maamoura), and in November 2024, signed a Sale and Purchase Agreement (“SPA”) that is subject to the usual Tunisian
governmental and regulatory approvals."

This is not making sense. In effect selling Cosmos, buying Maamoura then cancelling $27m outlay.
Mind you, proposing to do something and actually doing it are two entirely different matters for Tende.

[bestdeal1] 06/2/2025 14:17

BoD = 💩

[htrocka2] 06/2/2025 13:56

'Therein lies our hope..' possibly re=phrase that bit...'Our hope.... in their lies'

[htrocka2] 06/2/2025 10:04

They're working together.....(but not on our fields)

[htrocka2] 05/2/2025 13:27

We don't know how far this is 'down the line'.


from the AR
'The new FDP reflects the updated field data and sub-surface study undertaken during 2024 ...... for the planned new well programme during 2025-2026.'

[htrocka2] 05/2/2025 10:59

Oliver.....We know what they don't do.

[oliversanvil] 05/2/2025 10:30

What do the board of directors actually do all day?

[vatnabrekk] 04/2/2025 23:08

Does anyone actually believe that before the AGM they are going to come with answers to the questions that Hellix put to them more than a month ago?

[14hugo] 04/2/2025 22:25

For some reason, and I’m not really sure why, I’m ever hopeful !
Surely SOMETHING has got to give ??

[riskybisky] 04/2/2025 22:04

And we're all reading it.why not?
We've all been mistreated and hope for some return

[1sonic] 04/2/2025 22:04

Even I’ve had enough of the waffle on here. No wonder Sherlock disappeared! All we want is a return on our investment!!!

[aventador] 04/2/2025 21:40

I wonder how many hours and months certain individuals have wasted posting on here long in-depth waffle which must take a lot of time for zero return of investment!!!

[htrocka2] 04/2/2025 20:06

Nice work rosso4u....The last bit caught my eye.....a very tenuous link but I couldn't help notice that 'Momentum Engineering' are registered in New York....where the Bank of New York holds 1.1bn Tende Energy shares......(probably just a coincidence?...but you never know.)


'....Their shares were bought at 2p, most of them from the Omega 164m offload in March 2023..




Momentum Engineering
Energy, Utilities & Waste · New York, United States · 253 Employees