Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Petroleum Plc LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.27 -0.09 15
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
11/2/201909:12SRSP same ramp squad as TSTR22

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Sirius Petroleum Daily Update: Sirius Petroleum Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SRSP. The last closing price for Sirius Petroleum was 0.40p.
Sirius Petroleum Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0.83p while the 1 year low share price is currently 0.37p.
There are currently 3,689,299,651 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Sirius Petroleum Plc is £14,757,198.60.
edgein: Well you fellas will just have to start shuffling them back into your ISA again once re-listed. Market still closed for the speadbet firms too obviously. Some change though, SRSP looked a little ominous before they suspended early in the year. Now an unrecognizable turnaround in that set of results. You may be gutted about SRSP losing its tax free ISA status but look at the bright side, its coming back as a transformed company if/when they execute that JOA. 1200bopd with significant room for growth on that, 2P reserves and around 200Bcf 2C net to SRSP (even at $1/Mcf that's very substantial). Also now it seems support from AFC and Barak, so not only has it gone from being practically a write off its now coming back with mid cap potential. That $15m term sheet loan they signed will be more than enough to mob a rig to the new field and get on with targeting that 15,000bopd. A 9-12 month contract with Shelf will workover and drill a lot of wells. My broker has been showing £0 value on SRSP for months now, that's all about to change from next month, fingers crossed! So I think many of you should really be relieved that these are coming back at at all let alone coming back with mid-cap potential over the next 9-12 months. Credit where credit is due they've done beyond my expectations to get backing to the extent that they have and an asset of that quality for just $10m upfront payment (plus the redevelopment spend). Its going to take some time to recoup $50m so they'll be at 40% for the forseeable future, perhaps even until that large gas discovery gets developed too, even more cost production to recoup then. Can't wait to see more details and what the share price and spreadbets become tradable again at. They delisted at £14.8m cap, the term sheet alone is for £12.5m cash approx! Goodbye old SRSP, welcome back new SRSP! Regards, Ed.
deadly nightshade: Thing is it's suspended so nothing what anyone says on here positive or negative will have any impact on the share price. All boils down to the fact that will this time be any different to the past 2 AD'S. If we are serious about this time being different then we should see a farm in to producing asset then other developments in other oil fields bought into play off the back of that. Share price then in theory should be rising straight away from relist and not looking back. If on the other hand it's another load of jam tomorrow in the AD with loads of shares being issued off the back of the jam tomorrow then it will look like the same old same old. If it's the former option then hopefully we will see a big bod clear out the sort we have just seen with Boris and the Tory party and we bring in some proper oil and gas People with a clean slate to take this forward onto pastures new. That being said I hope and pray we have a takeout just to put a closure to this torturous experience of aim investing
thetruthteller: The Positive is SRSP is still suspended so the share price is 0.04 of a penny If SRSP re admits it’s share price could be Zero. Now that’s surely a positive.
vatnabrekk: Look on the bright side - a no-deal Brexit won't affect the SRSP share price as long as we are suspended!
bronislav: Aventador.maybe they want the share price at 0.4p,any news released now or whilst suspended can not affect the share price be it positive or negative news.Most would agree that share price has been manipulated over the years ,what better way to control the share price than when suspended.
dr rosso: Last week, Small Talk glimpsed misery ahead for shareholders in a meditech hopeful. Advanced Oncotherapy — the Aim-quoted company hoping to set up proton-beam cancer therapy machines in Harley Street — signed a funding package with Dubai-linked investment house Bracknor. Under the terms, Bracknor will hand Avo up to £13m in cash, in 10 tranches over two years when Avo asks, and in return receive convertible loan notes to be turned into shares. Critically, Bracknor chooses when to convert these notes. And, the lower the share price, the more shares it can convert notes into — subject to a 29.9 per cent ceiling. This helps to remove an immediate headache for Avo, which is devouring cash. At the end of 2015, having raised £21m through share issues, it had about £9m in cash. That was after paying about £1.26m in salaries and bonus to the top three executives and another £4m to Avo’s other staff. By June, however, Avo had just £650,000 left.  In September, it raised £10m by issuing shares and talked of a non-dilutive financing plan which has yet to materialise. Since then, a deal to put its machines into Chinese hospitals has foundered. Developing its Harley Street premises will cost £24m and won’t be completed till next year now. And, then, Avo will have to find about £700,000 a month to pay staff and run the machines, says Nicolas Serandour, Avo’s chief executive and a former banker. Mr Serandour acknowledges the share deal with Bracknor will dilute existing investors’ holdings. But Avo doesn’t have a better route to cash now. Banks won’t lend without collateral and conventional share issues are expensive and less flexible. “The structure is attractive as long we limit the dilutions,” says Mr Serandour.  But, if that seems straightforward, look at miner Vast Resources. Last week, it spelt out what happened in 2016, when it raised cash via two similarly structured equity drawdown facilities, one with Bracknor. “They said they were longer term shareholders,” recalls Roy Pitchford, Vast’s chief executive, mournfully. But the financiers sold their shares on conversion. Vast’s shares in issue trebled and the price fell two-thirds. Pierre Vannineuse, Bracknor’s chief executive, says the Avo facility is different. “It is our first real deal in the UK. We won’t sell shares and will provide support”. Still, the structure of Avo’s deal with Bracknor is akin to the standby facilities and equity distribution agreements that have been around for decades. Hedge funds and finance boutiques have handed millions to tiny, cash-hungry miners, exploration companies and biotech businesses. Few noticed until Quindell, the scandal-hit software-insurance-legal company now known as Watchstone, revealed it had entered into a financing agreement with an equity swap on the side.  These contracts are painfully complex. Typically, financiers hand over cash when a company asks but charge high fees and protect their own downside using derivatives. They can also claw back or cut the amount of money that a company draws down if shares fall. In the early 2000s, such arrangements were nicknamed “death spiral loans” because companies’ shares plunged when the lender converted their loan notes or bonds into shares. The more a share price dropped, the more shares were received by the lenders, causing greater share dilution and further share price falls. The worst examples were when lenders sold shares “short” ahead of receiving them — to benefit from the expected share price falls.  Bracknor is prohibited from shorting Avo’s stock, which is good news. But the agreement is expensive. Over the two year, the accumulated cost of the loan — assuming Avo draws down the full £13m — will be just under £2m, or 14 per cent. That includes a “commitment” fee of £780,000, payable in stock once shareholders have approved the deal, a 3 per cent fee when Bracknor converts notes and a 5 per cent charge when Avo draws down a tranche. On top, Bracknor will receive warrants worth 20 per cent of each tranche drawn down. Shareholders will vote on the deal next month. It won’t be an easy decision. Avo needs the money. Investors must be clear eyed about what they will have to give away to secure funding if they won’t stump it up themselves. And, if they nod it through, they must be convinced the company — and its management — will make good on the promise of its technology.
bleemster: Ed, We both agree here on the fact it is absolutely ludicrous to sell now. These large sales are very fishy, but even these small minnows of £100 are selling out. Maybe enough is enough? I cant deny I have been close to throwing in the towel - at christmas time was my lowest point. I am sitting on the pessimistic side of the fence from yourself, only because of the stated failed promises to which have given me a very negative view of the board. But any view can be changed and the board has indeed has another chance (with a sliding share price deadline) and signed contract with Shelf (as they had with COSL) and could deliver Ororo as a profitable asset. The pessimistic side of me is telling me that this will not be drilled in February (and maybe some research) but I would be delighted to be wrong. A lot of PIs here could do with a nice spoon full of good news and I suspect the board were sat there astonished that the news of 109 did nothing to the share price Hopefully this taught them a very valuable lesson and maybe an insight into public opinion of the state of affairs that SRSP is currently sat in. Admittedly, the everyday PI doesnt know what is going on behind closed doors and it maybe all wonderful and rosey in the SRSP office. Its time for the board to see that and turn public opinion round and let us in to the party so to speak. The more RNS' that are released the closer I will move to sitting with you on your side of the fence, but for now I have to remain (not a Brexit reference) and expect more delays and in these delayed times see the share price unfortunately fall with other PIs hit their 'wall' and sell out. Regards - B
edgein: What you think when they drill these next 5 wells the share price won't increase? You're assuming that all those CLN's will not only be taken up but also converted to shares at the year low. I have yet to see the first conversion notice for the CLN's. If I were them I'd get their skates on before that first tranche turns into a lot less shares on the VWAP15. I'm looking forward to seeing where the share price is when we get the mob and then spudding RNS as anyone who researches SRSP will see the basic potential of Ororo, we have yet to see its full potential. As most holders here seem to think its not gonna happen so the company is priced as such. That VWAP15 is likely to change somewhat over the next few months start as soon as this month imo. Shallow coastal shelf will have shallow targets so the A-1 will be coming to the end of its current contract imo. Next in line is SRSP for multiple wells over 135 days. They may have to convert over 1p if they're not careful. Heaven forbid that SRSP actually completes another acquisition during the drilling and EWT on Ororo or they may be getting a much healthier share price still. Those CLN's were to follow the acquisition strategy, not for Ororo nor Ejulebe. Regards, Ed.
twodegrees: so we have have had a few rns lately and yet the share price is now less than what is was before the recent rns had been made public. Now either the market markets are just up to old tricks as they have orders to fill or Clearly the market has NO CONFIDENCE in srsp and is dropping the share price accordingly. Each RNS here is dropping the price rather than it being increased. Clearly something is amiss and why would anyone want to buy any shares when all they can see is a dropping share price.
deadly nightshade: Thing is if the share price was 1.5p we would all be sitting here licking our lips waiting for the next move. As Bron says the current share price does not seem to bother the bod, that's got to be because they either know we have a big end game here and the current price does not matter at the moment, or the only other thing must be we are sitting on a bunch of nothing and the current share price is a true reflection of that. One thing Dr rosso hit the nail on the head was that if this was going to turn out bad then surely the share price might spike up on some "big news" giving people the chance to bail out off the back of it. Wouldnt be the first time it's happened in aim
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