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
  +0.00p +0.00% 0.40p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.27 -0.09 14.8

Sirius Petroleum (SRSP) Latest News

More Sirius Petroleum News
Sirius Petroleum Takeover Rumours

Sirius Petroleum (SRSP) Share Charts

1 Year Sirius Petroleum Chart

1 Year Sirius Petroleum Chart

1 Month Sirius Petroleum Chart

1 Month Sirius Petroleum Chart

Intraday Sirius Petroleum Chart

Intraday Sirius Petroleum Chart

Sirius Petroleum (SRSP) Discussions and Chat

Sirius Petroleum Forums and Chat

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

Add a New Thread

Sirius Petroleum (SRSP) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Sirius Petroleum trades in real-time

Sirius Petroleum (SRSP) Top Chat Posts

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 0.98p 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.
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.
edgein: Rosso, Firstly they don't have reserves running into hundreds of millions of bbls. Secondly remember a little company called Afren that started out with one field development and a £20m market cap? Thirdly an RTO of a large independent Nigerian producer into SRSP who would fund operations remains another wild speculative conspiracy theory. You would also find that a company with cash that would constitute (i.e. much bigger than SRSP's asset value) an RTO would likely have a +ve effect to SRSP and its share price. As for those posting rig theories, Shelf have SRSP as contracted from March-July, so where else is SRSP going to more it other than Ororo? RMP is high risk speculative and there's a lot of chicken counting going on over there at present. Its not even been logged yet let alone flow tested (just basic LWD which is nowhere near as good as full wireline logging). Even if its a discovery its huge $m and years away from commercial production, that is if it identifies net pay or even flows if/when tested. Regards, Ed.
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.
dr rosso: A neat little trick is for the loan note holder to forward sell into the market (ie sell what they haven`t yet got). That contributes to driving the share price down. In this case it is more than possible that a load of not-yet-owned shares have been dumped at around 0.5p. Add to that, up to 72m already trousered. Check out the plethora of 1m+ trades over the last few days. With the share price massaged down to the point now where (prob by end-Feb) the wonga boys can play their conversion card, with its 5% discount, for near on 350m shares at 0.4p. Added onto that are up to 72m at 0.5 which they can now grab back in the form of around 85m at 0.42. This is blatant share price manipulation which has been set up via an appalling CLN deal between a bunch of charlatans and (never mind proven reserves) a proven liar. For this three card trick to work, they have to hold off any significant news, be it rig/funding,producing asset, until their partner fills its boots.
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: Drrichard, Yeah likely the same vendor financing until the oil starts flowing over the summer and then Barak and BP kick in. Just think of all those millions spent over the last 10 or 12 years to get Ororo to the point of production, those wellheads alone, 4 of those cost millions. All that will come back to SRSP in the 88% NRI. Deadly, Well I reckon that its all about to happen when the A-1 finishes its current job and then its under SRSP as operator. The market clearly doesn't as the share price is as low as it has been the hot money is still off chasing much lesser efforts. I'm still here for Ororo alone, I see Ejulebe as a minor possible future asset. I hope the next acquisition will be more like Ororo. A new undeveloped discovery rather than a workover project. The biggest upside on Ejulebe is Ejulebe WSW expo well. So the reason I bought here some time ago now was simply the drilling and development of Ororo. Something that the conspiracy theorists said would never happen. Well lets just see what announcements we get when the rig leaves the current contract. :) My gut tells me this is the next Afren, I was in Afren in the early days when it was £20-30m and left after development of Oro. It got much bigger after that. But the same applies here, the most money will be made for those in early and see the FFD of Ororo, we're starting at a low start for sure, less than £20m. Its not without its risks of course, will we drill or won't we drill, or we'd be priced much higher, its generally a poor market at the moment too. I'm firmly in the we will drill camp and am expecting the update from Shelf/SRSP in the near term. The potential of Ororo to SRSP at 88% NRI is anything up to 13,200bopd and 88mmcfd based on the Royalty setup for Ororo based on the Gulf/Chevron 0-1 and 4-5 development wells and funding apparently lined up with REYL, BP etc. Now show me another AIM listed oiler with an appraisal development project like that and a tiny cap like SRSP and don't say COPL as I already know about it. So keenly anticipating the testing of all the pay identified in Chevron's 1980's logging as modern tech will do a better job, not only on drilling but logging too. Money where my mouth is, tempted to ditch another company and add more, but we'll see. I might add again on the mob RNS if they don't mark it up on open. Regards, Ed.
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.
edgein: The share price is dire due to the lack of progress. SRSP is still talking about drilling wells rather than in production. You need to buy shares on AIM that are about to fundamentally change their business and hang on. The time for talking is almost over with this one imo. Do you seriously think that when O-2 and O-3 are in production the cap will remain at £20m given the current estimates of around 6-8000boepd net to SRSP from these two wells? Its simply why I've been constantly buying this last month or so. Take AAZ or SQZ for example, transformed their business totally, one by removing debt through cash flow the other through acquisition. If all goes to plan and SRSP stick to that drilling time table of 5 wells between now and June I'm expecting their share price to be unrecognizable even if they don't acquire further assets and given a possible failure on EJ-WSW. Regards, Ed.
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
Sirius Petroleum share price data is direct from the London Stock Exchange
Your Recent History
Sirius Pet..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190524 05:47:02