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Jeez...what a bunch of incompetent fools! No wonder their other 'ground breaking projects' never leave the floor. Just chasing anything and everything willy nilly. What next...plastic bottles to put their water in? 12p placing, 30p placing, 5m from ED... and what have they got to show for it......practically nothing. What an utter waste of time and money..... has added nothing to the value of the company whatsoever. Money well spent aye?. RPs' one man band...still as long as he gets his fat salary who cares? POS
52 week low everyday.....!. Time for RP to step aside? Get some pros in, …..get some progress!.
Worth remembering our persistent seller. That has done the most harm to the SP. Constant daily selling down from 30p and not mopped up with matching buys. I would imagine the MMs are currently awash with unloved HNR shares, hence the difficulty in selling and constant price drops. They just don't want anymore dumped on them.
Disappointing share at present. No interest. Lower now than before the 'deal RNS' issued. Just silence since then. Trades a bit one sided,.....500k buys the other day.... no rise, 500k sells ...knock off 4%! Still I would buy more at this price if I could, but going to be a slow burner for time being. Echo in the doldrums too I notice. The 'Holy Trinity' loosing its' charm?
'No oil first zone so suggests under pressure to secure any form of financing. Gone for convertible notes which kills off share prices. GLA'
I think you are miss reading RNS. Says they have not encountered any ground movement problems like first spud, but are keeping measures in place just in case. Not have 'not encountered any oil'!
Pretty poor RNS, not the news we really need to hear!. I am sure anyone can be a 'Epiphany Water Solutions' distributer, more revenue for them! And since HNR still seems to be still responsible for ED, we are paying to hire these units anyway! Eating into our meagre profits. If this was intended to be SP boosting news it would appear to have flopped big time. DTU, Helium, Oil, Nitrogen, Carbon Dioxide, and now water. Maybe a bullet might hit the target sooner or later?
Conveniently hiking the price for the placing? Trades do not justify a 27per cent rise.
A pain yes, but looks like could be drilling reasonably soon. Seems to be the nature of the business...hick-ups/delays/etc/etc and what not. Having waited this long, a few more weeks is just about bearable! Almost in Q4 already.
Sirius Petroleum PLC
Update on Rig Status - Ororo Field
RNS Number : 2553C
Sirius Petroleum PLC
28 September 2018
28 September 2018
Sirius Petroleum Plc
("Sirius" or "the Company")
Update on Rig Status - Ororo Field
Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the following update:
The COSL Force jack-up rig has been undergoing an extensive maintenance programme under a recertification process conducted by COSL on station in Dubai, during which all major drilling equipment items and systems are being examined and repaired where necessary, including main engines, top drive, hoisting equipment, mud pumps, and blow out preventer.
With reference to the proposed rig for the drilling programme on the Ororo field, the Company is currently waiting to conclude this process which has taken significantly longer than originally envisaged. Sirius is at an advanced stage of concluding its rig requirements in order to achieve spudding of Ororo-2 in Q4 2018. The Company will update shareholders accordingly in the near term.
Enquiries:
Sirius Petroleum +44 20 3740 7640
Bobo Kuti, Chief Executive
Mark Henderson, Chief Financial Officer
Exactly what are HNR trying to be and do?. First it was DTU (which despite all the hype has frankly been a total failure in terms of revenue generation) and Helium. Then it was East Denver, now it Nitrogen, West Denver and Carbon Dioxide! What the hell are they 'doing ' all this time to make soooo little progress month after month after month?
More lost ground today, back to placing price soon if they don't pull their fingers out and actually progress something. Frankly a useless company at present, no wonder there are no buyers even at these prices!
82m out of 15.7bn. Wouldn't hold your breath waiting for that one somehow!
Was in here for a while but sold up because of placing/funding fears. Every junior oilly always hopes for JV/Farm in etc but rarely happens. ROSE will have to prove up the acereage themselves before they attract any real interest from 3rd parties. Not only that but everyone knows the clock is ticking on this one if they want to earn their 75%, and any placing will probably have to be at a discount. The city boys will want their 'pound of flesh'. Sitting on the sidelines for now..…… GLA
License OK until 1 May 2019, as I understand it, so 8 months odd left. Once the rig finally gets on site, I think things could progress quite rapidly. But patience is wearing thin I admit,....could they not have chosen a rig that was NOT in need of re-certification? But because COSL doing part of the drill on tick, they get to call the shots it seems....!
before the Indonesian assets announcement. Suspect a bit of insider dealing going on here. Mr. Masterman building up a big stake all of a sudden and then promptly off loading on the good news. All a bit suspicious iMHO!