Sirius Petroleum Share Discussion Threads

[riskybisky] 12/2/2025 13:33

Attempted to sell 200k shares but no quote available.

[riskybisky] 12/2/2025 13:31

AJ Bell jhave moved them to dealing account a long long time ago, think when it delisted yeah!

[ace1976] 12/2/2025 13:19

At least his ponzi didn’t last 17 yrs

[htrocka2] 12/2/2025 12:31

At least the Bernie Madoff's victims got 94% of their money back...(and he was the Ex Chairman of the NASDAQ Stock Exchange....who died after serving just two 2 years of a 150 year sentence for his Ponzi Scheme)

[14hugo] 12/2/2025 11:50

Mine are with ii but still showing as a minus !
Funnily enough…. It’s still showing as an ISA 🤔🤔

[rosso4u] 12/2/2025 11:49

Live my ass

[1sonic] 12/2/2025 11:43

Yes it’s gone live at AJ bell after 5.5 years. Ready to trade with live pricing

[ace1976] 12/2/2025 11:15

Aventdor you have cursed it now with the mention of Christmas lol

[aventador] 12/2/2025 09:48

Clearly not this company

[bobber job] 12/2/2025 09:42

I'm with AJ Bell

[1sonic] 12/2/2025 09:27

Bobby job who do you hold your shares with?

[bobber job] 12/2/2025 08:09

Could be nothing, but in my dealing account it's now showing the value of shares has trebled. However, still unable to get a sell quote.

[htrocka2] 11/2/2025 14:09

Just a piece of curiosity.....Sonangol obtained $6 a barrel as part of a deal...(are we up against this sort of pressure?)






'During the year the Company was delighted to announce that it and its JV partner in Angola, Somoil S.A., signed SPAs with Sonangol related to the proposed acquisition of non-operated participating interests in offshore producing blocks 18 and 31 and exploration block 27 from Sonangol. Blocks 18 and 31 are operated by Azule Energy, the combination of BP and ENI’s total Angola upstream interests, while Block 27 is operated by Sonangol.'

If the URL above is anything to go by then Sonangols SPAs have 'strings attached'...and they still want to retain a slice of the pie..

[helix_22] 11/2/2025 13:23

Do make sure you vote on the agm resolutions, you can do so in advance. And get your letter of representation from your broker if you are intending to go the AGM. Hope to see you there

[vatnabrekk] 11/2/2025 12:47

A lot can happen in two weeks!

[rosso4u] 11/2/2025 12:26

Doomsday approaching. If no ANPG Gazette announcement by the 24th, we'll be left with BoV telling us "expect this, expect that ".

And we all know what that means.

[htrocka2] 10/2/2025 20:07

We're all living 'On a Wing and Prayer'.



'Repayment of a further $22,334,000 of current loans are now dependent upon the completion of the Angolan acquisition, and will be repaid from proceeds arising from the acquisition.'

Well-Known Expressions

On a wing and a prayer
Meaning:

'To do something in hazardous or tenuous circumstances'

(If Angola fails to materialise..I think we can kiss the 30% in COPDC goodbye...and possibly end up with yet another 10% holding in a subsidiary...with 5bn +shares is issue.)

So what have we got...
A further $25,000,000 was drawn down in the year .....The loan is secured against OML65 cashflows.'
and $22,334.000 agiainst the Angola proceeds...........



What oil revenue we had has now been sold off to reduce debt. We're worse off than we were 16 years ago when there was no debt and the shares were worth 5p each .....now they're 2p and value this mess at $100m.....It's turned into an illusive fantasy. This lot have taken 'Creative Accounting'....to a new level.

[bumhammer] 10/2/2025 18:43

Not sure if this is old news, but a bit of digging on 'Grok' at Tende's current status brought this up:

The Petropolymer charge refers to a charge registered by Petropolymer International Trading LLC against Tende Energy PLC. Here's what is known about this charge based on available information:

Charge Code: 0518 1462 0009
Creation Date: 24 October 2024
Delivered Date: 28 October 2024
Status: Outstanding
Transaction: Registration of a charge (MR01)
Nature of Charge:
Contains a fixed charge
Includes a negative pledge

This charge signifies that Petropolymer International Trading LLC has a claim on certain assets of Tende Energy PLC, possibly as security for a loan or other financial obligations.

---------------
I haven't got time to dig anymore today but it was a new development I hadn't heard about or even know if its positive or negative for us.

[bumhammer] 10/2/2025 18:32

I'm guessing big Loans of £50m aren't given away like confetti. They must be sat on something of value to even qualify for it which gives a bit of hope.
Plus huge shareholders wouldn't have invested based on nothing.

If this was a scam, we on here would be the least of their worries. Hold tight.

[htrocka2] 10/2/2025 16:46

I thought I'd post this bit from the AR......('the new loan of $25m drawn down during the year is secured against OML 65 cashflows.)

'During the year ended 31 December 2022 the Group signed a facilities agreement with Trafigura PTE Limited for up to $200m to be utilised in respect of OML65 activities. The Group drew down $10,000,000 of this facility in 2022 year on which costs of $834,000 were deducted. The costs are amortised over the period of the loan resulting in an effective interest rate of 20.24% being applied. The loan was repayable over a period of 2.5 years commencing from June 2023. In 2023 the terms of the loan were renegotiated with repayments now due in 11 quarterly instalments commencing in March 2024. A further $25,000,000 was drawn down in the year with no costs. Interest of $3,339,000 (2022: $77,000) was recognised during the year and interest of $1,884,000 (2022: $Nil) was paid. The loan is secured against OML65 cashflows.'


This company has always been in the clutches of money lenders who have paid for oil that's still in the ground.....oil that they have now discovered is difficult to get to surface on which the loan re-payments are to be made..