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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
  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 0.40 GBX

Sirius Petroleum (SRSP) Latest News

Sirius Petroleum News

Date Time Source Headline
27/8/201907:01UKREGAIM Cancellation - Sirius Petroleum PLC
23/8/201917:30UKREGFTSE Russell Sirius Petroleum
23/8/201910:56ALNCSirius Petroleum Shares Cancelled Next Week On Deal; Will Seek Relist
23/8/201908:34ALNCFAlliance News Flash Headline
23/8/201908:30UKREGSirius Petroleum PLC Delisting from AIM
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Sirius Petroleum (SRSP) Discussions and Chat

Sirius Petroleum Forums and Chat

Date Time Title Posts
12/8/202016:13SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL104,094
05/8/202014:02SIRIUS RE RATE HAS COMMENCED988
05/8/202013:57SIRIUS PETROLEUM2,486
27/6/202014:31SIRIUS PETROLEUM - CASHED STRAPPED AND READY TO FOLD2,736
13/4/202007:05SRSP same ramp squad as TSTR23

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Sirius Petroleum (SRSP) Top Chat Posts

DateSubject
12/8/2020
09:20
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 0p while the 1 year low share price is currently 0p.
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.
11/8/2020
13:47
dr rosso: Ok, this time it is. I would like to remind everyone of my previous post below. I believe next week will be very sunny and bright! All of course IMHO. Our company is progressing very well. Hooster is correct we are looking at September/October. The deals that are going to be announced are looking very exciting (large). I’m sure you all know funding will be debt + placing. With the placing, the share price has to be a lot higher than where we are now before we are suspended. Antenna2 - 09 Jul 2011 - 13:24:05 - 3385 of 104067 btw, I still have the key to late Aunt Agatha`s deposit box in a Nigerian bank. Kindly send $1000 in used notes to ...
01/8/2020
21:47
htrocka2: The Ororo revocation dispute by Owena has now been put back to October, however, there's a point that's been annoying me for some time….and hope that Owena's QC brings the point to the High Courts attention.....and it's namely this.. Srsp/GP re-applied for the second Licence extension during November 2015, six months prior to the expiry date of May 1st 2016....On July 2017, srsp/GP finally get confirmation of the extension, that's nine months after the initial application....So what can you do during the period the Licence runs out and waiting for the DPR to reply to your request...without a licence in force… not a lot..in fact it would be illegal to do any work in the field. However, nine months later when the approval was finally acknowledged.....it's back dated for the three month period one was barred from working on the field.....in short, although they issued and took the money for a Full three year Licence, srsp/GP were short changed while waiting for the reply in 'no mans land'..Owena could rightly argue that rigs had to be stood down while waiting for the DPR to reply....hence, failure to drill and the rigs being stood down (and moored in an adjacent field) and consequently ended up elsewhere were as a direct result of DPR's actions. As on the previous occasion, srsrp expected the reply around July '19. HTTPS://uk.advfn.com/stock-market/london/sirius-petroleum-SRSP/share-news/Sirius-Petroleum-PLC-Renewal-of-Ororo-Field-Licenc/71945400
04/7/2020
09:17
htrocka2: Dr...With reference to your post...allow me to paste an article posted on the Hurricane Energy thread.... 'Sherl appears to have confirmed what I have been saying for years. That Ororo has served as a red herring, a front, with no drilling intention, whilst a major gas infrastructure project has been quietly progressing behind the scenes.. from the HUR thread... 'Well the market doesn’t like HUR and punishing us severely for misleading it!?' (it's dropped from 66p to 5.7p in under twelve months....and still dropping) this is the price you have to pay for telling porkies.....and on top of this , try raising more capital...I don't think so. The truth is sometimes painful, but shareholders respect honesty and the market doesn't like the wool being pulled over their eyes....If ororo was a red herring...how do we know that every thing else is not a red herring and a 'double bluff'?... red herrings, keeping shareholders on tenter hooks...sounds like SRSP tactics. The 'Jenkins' site is also a red herring....sell my shares on this site?.....I couldn't give them away. ps...The share price crash at Hurricane Energy....cost the CEO his job.
29/6/2020
13:58
deadly nightshade: Other aim oil firms seem to be doing ok on raising their share price on the back of nothing but talk maybe this lot should takes some lessons, thing is though I think no matter what they come out with if pass experience is anything to go by the share price usually just drops here. We need a bunch of winners running this not a bunch of never beens
22/6/2020
09:53
deadly nightshade: All these links over the years with all these so called different names has come to nothing year in year out. We have had expert well people, expert rig people, expert this that and other and also gave it large looking into a massive oil storage tanker but still zilch.Only thing that will change my belief in anything this shower are capable of is if this ever relists and share price starts shooting up. They can talk what ever bs they like but facts are it's the share price that does the talking and this share price has gone and is currently going no where fast
20/6/2020
20:17
deadly nightshade: the whole things a mess and you get the impression that 109 and 114 was a desperate attemp to salvage something when they realised what a absolute disaster ororo turned into. remember we heard about 109 months and months before covid and oil price crash and they couldnt close a deal then even though they stated in rns of x amount of days for dd etc. looking back this has been one one massive downward spirral since we had the schlumberger rns that saw the share price hit 1.5p for a day before starting a downward trend. worrying thing here is that we went crawling for that pay day loan which does not bode well for all them millions we raised in that 1p placing. will getting a percentage of a percentage in low producing oil fields with low oil prices really be viable and have enough meat on the bone for a backer to come in and invest several million?? also we kept hearing on bb how ororo was going to be the supposed hub for everything to run through but not sure how that stacks up now??
31/5/2020
11:12
htrocka2: Dr Samuel Omombomi was still chairman at GP when they received the 'well drilling permit' (03/11/2015below) that was to last six months. SRSP's failure to utilise the permit may have been a bone contention, frustration even embarrassment to GP to keep asking the DPR for a renwal. Failure by srsp to drill within the time span may have caused the downfall of DR Omobomi...in short, srsp made a rod for their own back by failing to drill therefore must take some of the blame for following events. The Well Permit was applied for purely on the bases that srsp had a successful capital raising issue...long before COSL and a rig get's a mention. SRSP gave the impression that they could pick up a rig at the drop of a hat. They got that badly wrong. HTTPS://uk.advfn.com/stock-market/london/sirius-petroleum-SRSP/share-news/Sirius-Petroleum-PLC-Well-Permit-Approval-Ororo2/69131662 RockMountain becoming Technical Advisors on October '19, is neither here or there...the point is that srsp had lost that position and GP obviously had no intention of giving it back to srsp.
23/2/2020
11:08
htrocka2: 1alfi....response.. This is what srsp promised and based their 'Going Concern' statement on in their 2018 Finals.....which, obviously, did not take place. 'Going concern (Final 2018) The Directors have prepared cash flow projections for the period up to 30 June 2019. The cash flow assumes full development of the Ororo field and forecast revenue streams based upon the Competent Person's Report produced. ..' HTTPS://uk.advfn.com/stock-market/london/sirius-petroleum-SRSP/share-news/Sirius-Petroleum-PLC-Final-Results/77426111 In the 2017 Finals they gave two Going Concern' scenarios...this being the latter.. '.The second version of the projections assumes that the Group will conclude its negotiations to raise the funds required to bring the Ororo Field into production. These projections forecast revenue streams and costs based on the Competent Person's Report produced, and demonstrate the total funding level required.' Now look at this from Guarantee Petroleum's perspective....Guarantee Petroleum are a large organisation, much, much larger than srsp, so much so that their tax liability is nearly as high as the srsp market cap. however, during this period they owe (owed) the Government over $13m back taxes....and had to re-apply for the now expired field licence...No problem... Srsp have promisd to drill therefore the back taxes will be paid out of the ororo well, so the Government issues the Licence on the proviso that the back taxes will be paid out of the oncoming ororo well....but alas...srsp failed to drill. So we have a possible scenario where the back taxes have not been paid and they are attempting to re-apply for yet a further extension. Coincidently, it was about a couple of years ago that Guarantee Petroleum dropped all references to SRSP from their website. SRSP came into this partnership via Owena Oil and Gas. I cannot quite get my head round why Guarantee Petroleum, a multi million pound company, would allow srsp to take up 40% of ororo for a mere $1m investment? (it seems that srsp can talk the talk but can't walk the walk) HTTPS://www.pulse.ng/news/local/firs-agency-shuts-capital-oil-guaranty-petroleum-others-over-tax-debt/091wsf7 ….added to this srsp signed up to agreeing an addition $500k, once 'well development commenced'....a few years after signing up to this agreement, srsp believed this amount to be excessive and decided to cut it down to $318k... The bottom line being that from these facts you can determine that there is little love lost between srsp and Guarantee P.....especially as srsp applied to the DPR to have their percentage ratified.....who replied by stating it was an 'in house affair' Putting blame to one side....the bottom line is this....if Guarantee Petroleum still owe back taxes.... will the DPR issue the extended Field Licence?...added to this, if the tax issue becomes a factor in the extension of the Licence....does Guarantee Petroleum need Sirius Petroleum?(They can find their own 'Technical Advisors').....by dismantling the FTSA, which is no longer operative due to an expired Licence, Guarantee now have the opportunity to regain the 40% attributed to srsp. (I'll no doubt be bombasted for this post...but if there's no news, we might as well talk amongst ourselves.....it fills the board up...and as shareholders,,,is our right.))
20/6/2019
07:57
vatnabrekk: Look on the bright side - a no-deal Brexit won't affect the SRSP share price as long as we are suspended!
22/2/2019
22:52
dr rosso: https://www.ft.com/content/f663e4a8-f9e5-11e6-bd4e-68d53499ed71 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.  kate.burgess@ft.com
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