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SRSP Sirius Petroleum Plc

0.40
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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 0.00% 0.40 0.00 01:00:00
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) Latest News

Real-Time news about Sirius Petroleum Plc (London Stock Exchange): 0 recent articles

Sirius Petroleum (SRSP) Discussions and Chat

Sirius Petroleum Forums and Chat

Date Time Title Posts
26/7/202423:35SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL136,273
16/4/202409:35Sirius petroleum8
03/5/202308:59Serious Petroleum240
09/4/202315:16bumhammer1
01/10/202108:02The brightest star in Africa?215

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Sirius Petroleum (SRSP) Most Recent Trades

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Sirius Petroleum (SRSP) Top Chat Posts

Top Posts
Posted at 15/7/2024 21:41 by astralvision
Here is the article I believe Solarno was referring to re Linda Cook & Harbour.I note they are on the look out for overseas projects. Be lovely if they slapped a big wad down for Tende but probably wishful thinking . Besides, we have to complete on Angola before anything can happen ....27 months and counting. Hope springs eternal!This is MONEY 14 Jul 2024 North Sea oil giant Harbour Energy stays in Vietnam Harbour Energy announced the deal with Vietnamese group Big Energy last year The biggest oil producer in the North Sea has ditched plans to sell its Vietnamese arm to a local company for £65million. Harbour Energy announced the deal with Vietnamese group Big Energy last year and expected to complete it by this summer. But the FTSE 250-listed group has pulled out and The Mail on Sunday understands it is seeking a higher price. Harbour is keen to quit Vietnam and boss Linda Cook last year said it would like to focus on other countries. It also works in Norway, Indonesia and Mexico. It is the biggest oil and gas producer in the North Sea, but it began pinning its hopes on overseas projects after the last government imposed a windfall tax on UK energy company profits. The levy was brought in after Russia’s invasion of Ukraine sent oil and gas prices soaring, hitting households with higher bills. Labour said in its manifesto it would bring in a further crackdown on North Sea producers by raising the total tax burden from 75 to 78 per cent and removing investment allowances. Last year Harbour saw the bulk of its profit wiped out by taxes. On the Vietnam deal, in a prospectus for investors, Harbour said it ‘exercised its right to terminate’ the initial sale deal on May 13, adding: ‘Harbour intends to reassess its options with regards to realising the best value from its Vietnam business.’ Https://www.thisismoney.co.uk/money/markets/article-13630771/North-Sea-oil-giant-Harbour-Energy-stays-Vietnam.html
Posted at 08/7/2024 14:46 by oliversanvil
Change of name SRSP------NOW "SCAM PLC". INVEST IN THIS Directors are SOCIOPATHS.!
Posted at 12/6/2024 10:23 by riskybisky
It's very old, we've been over this, no harm in bringing it back to board though HotRocka

-------------------------------------------------------------
Dr Rosso - 24 Apr 2023 - 16:53:18 - 124897 of 135505 SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP


Aquisiçao (acquired) bloco 18 e bloco 31
8,25% e 10% de participação· Operador é a BP· JV com Sirus

---------------------------------------------------------------------
htrocka2 - 06 Dec 2022 - 12:18:35 - 122713 of 135505 SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP
Cheer Sher10ock....The percentages tie-up.....but did they mis-spell 'Sirius' )


(bottom of the page.)
Acquisition of Blocks 18 and 31

· 8.25% and 10% share
· Operated by BP
· JV with Sirus

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Posted at 25/5/2024 17:32 by dr rosso
Should this re-list eventually materialise, it`s going to be 6-8 weeks before the share price settles to reflect true value, then starts to motor on growth prospects. IIs are going to mop up offloads at a price that suits them, not the seller. Let`s face it, at least 10% of shares will change hands within the first few days.
Posted at 15/5/2024 21:03 by htrocka2
This was estimated over 10 years ago......(and that's without Angola)...I wonder what they'd I've us now...with Angola?

AR Y/E 2020
The following assumptions were used with regards to the vesting period:

'The options granted on 28 February 2011 with a vesting date of 24 March 2014, were assumed to vest in 36 months on their vesting date as the share price was expected to rise above 9p by that time.'
Posted at 01/5/2024 22:16 by only1gibbo
That's interesting Doc. Looking at the 2021 ATOG MIDCO accounts I can't work out exactly what has happened. I remember at the time there was a lot of confusion and conflicting returns filed.

As you point out $0.5m was paid in Nov 20 by SRSP and $4.0m was satisfied with the issue of the 164m shares at 1.75p per the press release. Yet in the 2021 ATOG MIDCO accounts the share premium from the subscription for shares by SRSP was $6.65m, which was obviously used to satisfy the loan with OMEGA of $6.65m, which the accounts state was paid in full following the subscription agreement. The cashflow doesn't show any cash subscription for shares, so where did the additional $2.65m share premium arise from? The cashflow in the individual ATOG MIDCO accounts, which held the OMEGA loan, only shows $120k of loan repayments, so the difference between the $6.65m and $4.0m has also clearly been satisfied with non-cash consideration.
Posted at 28/4/2024 17:41 by vatnabrekk
I reckon it's impossible to say at this stage who gains, as it depends on a) the price that it might re-list at as well as the price that it might quickly move to (up or down) after re-listing, and b) the price that the buyer may be prepared to pay to shareholders for the buy-out. As none of those things is known, I don't see how anyone can say whether we might be better off with one scenario or the other.

And at this stage it's really irrelevant because we have no say in the matter anyway, and we will just have to take whatever is on offer at the time. If anything!

As far as the large shareholders are concerned (or any of us for that matter) the problem that they would have with a re-listing, if they wanted to make a quick killing, is that they would be unable to turn their shares into cash soon after re-listing, because the share price would plummet if there was a massive off-loading of shares. Unless of course their strategy may be to hold for long term gains, ie long term investors. And that's another unknown!

On the other hand, if it's a buyout, then we all know where we stand, and we can all take our cash and run. Much better all round, as far as I'm concerned. Question is though, it there really a buyer-in-waiting out there, waiting on Angola to complete so that they can fill our pockets with cash? My belief is sadly no, but I am aware that others believe otherwise, and that's OK.
Posted at 11/4/2024 14:45 by dr rosso
At 24 months we are well beyond any standard novation process. With Govt approval of 18/31 acquisition having been received in June 2023, one would expect a further month or so for the full completion to have occurred. Clearly there's an extra factor in play, one which is being handled in total secrecy. No share trading would be allowed during the period. Sure smells like takeover to me, in which case NewCo, with its suitable expertise, will take full control of Tende and its African operations which will include Angola. Complete news blackout is required on this, and that'll also preclude Sherl0ck from dropping any bb hints, hence enforced absence. The idea of Bobo, totally lacking in relevant qualifications, expertise and experience, managing a string of pan-African O&G production/service operations is patently ridiculous. Indeed, he has always stated his role as that of Investment Consultant, end of. Who's left? 80-year old Pryde and that distinctly dodgy bloke whose every word is open to doubt.


Contrast with Afentra, a genuine O&G producer going places, couldn't be greater. Full transparency there, with 6 official updates this year, along with website info. AET full share trading as share price strides towards 50p. Here at Tende, abs fuk all.
Posted at 31/3/2024 10:59 by htrocka2
It's just over a year now since the 164m shares changed hands.That's more shares than all of us on this thread put together. Nobody buys that sort of quantity, spends that sort of money....on a punt or a whim. It's costing 'him' about £150k a year, ie £3,000 per week in interest to have that cash sit there 'doing nothing'. He's going to want his money back with lost interest and a profit.


JP site
30/03/2023 164,365,714 2.00


(31/01/2023)website
Group Operational Update-Commercial Update

'Proposed Listing Process'
The Company continues its work to prepare for a listing for the company’s issued share capital on the LSEG”s AIM market, and intends to undertake this once the proposed acquisition of the Angolan interests is completed.'


The buyer of the 164m shares was well aware at the time of purchase that these shares would NOT relist until the Angola deal had been completed, yet still went ahead with the purchase.

The Angola deal has not, as yet, been concluded. This could mean extra shares being issued. Any info released regarding other assets prior to the Angola conclusion, may effect the current company valuation effecting the share price and become an obstacle to the negotiations. As the person holding the 164m shares has accepted, Let's wait for the Angola deal conclusion....and we're home and dry.



The Angolan deal began life based on crude oil being $75 p/b....todays price is $87 a barrel ($12 higher).....has this become a bone of contention? with both sides trying to reach a new consensus.(As I posted earlier.....the deal has been 'jacked up' once already.)
Posted at 24/2/2024 11:22 by cacophony1
Serious .share price up 5× since delisting.
Try selling them.The share price may as well be up a hundred times.
Sirius Petroleum share price data is direct from the London Stock Exchange