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| 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
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.40 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.40 | GBX |
Sirius Petroleum (SRSP) Share Charts1 Year Sirius Petroleum Chart |
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1 Month Sirius Petroleum Chart |
Intraday Sirius Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/1/2025 | 22:53 | SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL | 139,198 |
| 07/1/2025 | 09:56 | Serious Petroleum | 242 |
| 16/4/2024 | 08:35 | Sirius petroleum | 8 |
| 09/4/2023 | 14:16 | bumhammer | 1 |
| 01/10/2021 | 07:02 | The brightest star in Africa? | 215 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 19/1/2025 12:27 by dr rosso AR page 24Dr Rosso - 01 Jan 2025 - 15:50:12 - 138924 of 139159 SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP A) "If the Price for the Shares does not grow from the Base Value (of 2p) by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable." 20% per annum, so this means 2.4p by 31 Dec 2023, 2.9p by 31 Dec 2024, ..... The share price has to be at 3.5p at 31 Dec 2025, or all 60m options bite the dust. B) "If the Price for the Shares does not grow from the Base Value (of 2.5p) by at least 20% per annum over the three-year period ending 31 December 2026 then the Option shall lapse and cease to be exercisable." 20% per annum, so 3p by 31 Dec 2024, 3.6p by 31 Dec 2025, ......... The share price has to be at 4.3p by 31 Dec 2026, or all 51m options lapse. Exercisable at 0.25p, targets met would mean a D collective gain of Scenario A) 60m x 3.25p at 31 Dec 2025. Almost £20m. Scenario B) 51m x 4.05p at 31 Dec 2026. Another £20m |
Posted at 14/1/2025 14:50 by dr rosso If you can call it good news, they should be at the starting gate at the beginning of H2 2025. Having tripped up countless times through sheer incompetence, which hasn't stopped them grabbing over $20m for themselves in remuneration, it will have taken a mere seventeen years to be at the races. Decent growth prospects should start to propel the share price.Assuming:- a) Angola completes ($320m having been contributed from 32 months of accruals) b) Perenco buys 90% of ATOG c) Trafigura $85m debt mountain reduced to $22m (which is covered by cash) as a result of a/b above d) Polymer trading set up and ready to go, managed by Tende Energy Limited, Dubai e) Abura incremental production kicks in f) They hold off on excessive confetti distribution g) One further acquisition lined up, possibly offshore Namibia h) Getting the show managed by genuinely qualified O&G professionals |
Posted at 09/1/2025 15:28 by riskybisky ... and I do the same question for a company with a tiny mcap, oil revenues and 5 Helium projects coming up which I'd say will multibag x 5+ this year easy....similar answewr:: You Sent by you: IS LON:MSMN a good investment? Copilot Sent by Copilot: Mosman Oil and Gas Ltd (LON: MSMN) is a small-cap company involved in the exploration, development, and production of oil and gas properties in Australia and the United States12. Here are some key points to consider: Current Share Price: As of the latest data, the share price is around 0.04 GBP12. Market Capitalization: The company has a market cap of approximately £6.82 million2. Financial Performance: Mosman Oil and Gas has faced challenges, with a net income of -£2.14 million and a negative return on assets and equity1. Projects and Assets: They hold interests in various projects, including the Amadeus Basin in Australia and several assets in the United States2. Investing in small-cap oil and gas companies can be risky due to market volatility, financial instability, and the speculative nature of their projects. It’s crucial to conduct thorough research and consider consulting with a financial advisor to determine if it aligns with your investment goals and risk tolerance. Are you looking for more detailed financial analysis or specific project updates on Mosman Oil and Gas? |
Posted at 01/1/2025 14:50 by dr rosso A) "If the Price for the Shares does not grow from the Base Value (of 2p) by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable."20% per annum, so this means 2.4p by 31 Dec 2023, 2.9p by 31 Dec 2024, ..... The share price has to be at 3.5p at 31 Dec 2025, or all 60m options bite the dust. B) "If the Price for the Shares does not grow from the Base Value (of 2.5p) by at least 20% per annum over the three-year period ending 31 December 2026 then the Option shall lapse and cease to be exercisable." 20% per annum, so 3p by 31 Dec 2024, 3.6p by 31 Dec 2025, ......... The share price has to be at 4.3p by 31 Dec 2026, or all 51m options lapse. Exercisable at 0.25p, targets met would mean a D collective gain of Scenario A) 60m x 3.25p at 31 Dec 2025. Almost £20m. Scenario B) 51m x 4.05p at 31 Dec 2026. Another £20m A £40m incentive to cease operating like a bunch of clueless cretins. Dilution 110m. Dare we assume that these are genuine market prices, not some dodgy JPJ geezer inflating artificial share price figures? Is minimum target of 4.05p by Dec 2026 acceptable, given that we are much closer to 0.05p in the present circumstances? Maybe they've started deluding themselves? |
Posted at 29/12/2024 22:53 by htrocka2 jimjam22...you might have to wait a couple more years for that...(The options are dated from Jan 1 2024...so they had this plan up their sleeves for over a year before we got to know about it.) The conditions attached to the share options..ie, IF..."the share price reaches....blah, blah, blah..'from the Base line...by Dec 25'...Dec 26'. In short, They have a general plan in mind but not certain where this is headed and given us a.... 'guesstimations' that's not certain. The 2023 Options indicates that nothing is certain. If the Price for the Shares does not grow from the Base Value by at least 20% per annum over the three-year period ending 31 December 2025 then the Option shall lapse and cease to be exercisable.(Total Number. 60.6m). (No doubt the amount of future shares they'll issue to cover salaries etc..will more than offset the loss of any options) (more 'if and but's) The share options issued on 1 January 2024 are subject to the following exercise conditions: • If the Price for the Shares grows from the Base Value of 2.5p by at least 20% (but by less than 25%) per annum over the three-year period ending 31 December 2026 then one quarter of the Option Shares shall become Vested Option Shares. • If the Price for the Shares grows from the Base Value by at least 25% (but by less than 30%) per annum over the three-year period ending 31 December 2026 then one half of the Option Shares shall become Vested Option Shares....(Total Number 51.6m) It looks as if they're going to pick up a further $3m+ in salaries and benefits...no matter how this turns out. All we can do is ....watch. |
Posted at 29/12/2024 21:51 by vatnabrekk Given what we've just discovered from the 2023 AR I very much doubt if any oil major or institution would be prepared to pay very much to take out this company right now.No revenue from OML65 after managing the operations, production and work-overs for 2 years, maybe 3 years. Cosmos gone. Angola - who knows? And if they were to re-list now, what do you think the share price might be? Someone might be prepared to buy out its assets and contracts and clear it's debts, but no more, leaving zero for shareholders. Watch out for a private company Newco appearing over the horizon. But I reckon that if there is to be a take-out it will not be on the basis that several posters here have been talking about for the past couple of years. The best that could happen now for us small shareholders is if they can complete Angola and re-list on the back of that. Then we can all get out with whatever is on offer. Otherwise, I reckon we could all be shagged. Not that I want to cause consternation, but I now see that as one possibility. |
Posted at 21/12/2024 11:13 by astralvision VatnaThese are my notes from the agm Jan 2023, ie one before last. I'm sure I've posted them before, it's as much detail as what we're going to get, imo, but doesn't answer every.Taken directly from what they said.Clearly 65 has not turned out as expected. Whether they can turn it around remains to be seen.65 gone through in some detail. We recover all costs and get the benefit from existing production.First stage, drill 9 wells, $75m, will add an additional 11,000 bopd.COPDC is effectively a subsidiary of SRSP, this was said several times.15 year contract, COPDC is the exclusive contractor.In total the plan calls for 45 wells across the block to develop up to 215m barrels.We get $15 for every barrel produced, this was clarified by a questioner, that is $15 to srsp.In addition $16.8m for each well drilled , and 40% of the project net cash flow. Plus 0.25% of gross revenues, small, but a 'thank you' for taking over operations. The right to market 100% of the crude, which will be assigned to Trafigura.Standard bank will administer all the cash inflows/outflows, ensures everyone gets paid correctly. Srsp are top of the waterfall, they get paid first. Innovative, mitigates risk, works for all parties. The material elements within the deal will be continually reviewed. As it stands, $15/barrel for that element, but could be revised upwards.Can keep cash costs down to |
Posted at 16/12/2024 13:58 by htrocka2 'Anyone starting to smell a rat?'About 5bn shares issued and some of those managing and controlling this lot haven't bought a single share..... and have no 'skin in the game'....yet quite happy pushing the paper out.........what does that tell you.? I'm a great believer in that one should only be allowed share options equivalent to the amount of shares held.....not...' let's vote ourselves half a billion options at 0.4p'....on a show of hands.....not to mention the fact that having been here for nearly sixteen years, can never remember the share price ever being that low. |
Posted at 15/12/2024 13:23 by only1gibbo Helix, without wishing to appear rude, you are unfortunately demonstrating the old adage that a little knowledge is a dangerous thing.The directors have not received £2m in salaries, nor anywhere close to that. Let me help you by looking at the last two years as examples. 2021: The accounts state that total remuneration was USD 2.0m. Which at an average FX rate of around 1.37 during the year would have equated to GBP 1.5m, not GBP 2.0. Of the USD 2.0m, USD 1.2m (GBP 0.9m) relates to share based payments. As no options were awarded, lapsed or exercised in relation to the directors during 2021, this amount therefore solely relates to the movement in the fair value of those options that were awarded in 2020. That is to say is an accounting valuation adjustment in the accounts as required under IFRS and not a cash payment to the directors during the year. The fair value of those options could increase again in the future or they could fall, depending on circumstances and the assumptions made. I haven't bothered to check dates, but I strongly suspect that the increase was due to the share price increase on JPJ to 2.0p. As the share price increases or falls, so will the fair value of those options. It's the whole point of issuing options, to incentivise them to increase the share price. The actual salaries paid, including benefits in kind were USD 0.8m, or in GBP, 0.6m, considerably less than the GBP 0.9m limit that you seem to be proposing. 2022: The accounts state that total remuneration was USD 1.8m. Which at an average FX rate of around 1.20 during the year would have again equated to GBP 1.5m, not GBP 2.0. Of the USD 1.8m, USD 0.3m (GBP 0.25m) relates to share based payments. Again, as no options were awarded, lapsed or exercised in relation to the directors during 2022, this amount therefore solely relates to the movement in the fair value of those options that were awarded back in 2020. Of the balance of USD 1.5m, USD 0.5m related to bonuses award on the completion of OML 65. Whether you agree or disagree with the size of the bonus, it was put in place to further incentivise the directors to complete the deal, which they did. It could be argued that they are being doubly incentivised through both share options and bonuses, however, the fact is that this was only payable on success. I would expect there is a similar provision in relation to Angola, and if that helps ensure they get it over the line, then I am happy with it. USD 0.25m relates to ex-pat expenses. I think it would be a far challenge to ask why they needed to decamp to Dubai in order to run a business in Tunisia, Nigeria and Angola. Perhaps there is a good business reason, perhaps there isn't, it is a question that is worth asking though. The actual salaries paid though was USD 0.7m, or in GBP, 0.6m again. Once again that is way below your proposed cap of GBP 0.9m. So I am intrigued as to how you would propose this cap to work? Believe me, I get the frustration, I share it too, but I am not sure that a strategy of biting your nose off to spite your face is the way forward. |
Posted at 25/10/2024 13:07 by htrocka2 'Chuffy1972PLUS- if it was leaking good news JPJ would be active.... 'PS I have 2 million shares on sale on JPJ just waiting for any of the hardcore believers.. The share price is dictated by the BOD....If Angola has failed, those already bought at 2p and 'ITK', would, like us, have difficulty in selling and now be 'locked in'. To maintain the 2p status, a positive outcome on COSMOS would be required to maintain the current 2p share price The JP site serves one purpose and one purpose only...The target selling price of shares issued by the BOD. If the bod 'waffle' and state that Angola is 'still ongoing'...then they should admit failure and 2p Price is not justified....and should be dropped. |
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