The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Snpc are obliging, so all good on that front!
All positives and no negatives!!
Wee tipsy indeed :-)
Personally, I'm going with early March but saying that it could easily come next week.
No one knows but buying the dips and holding for two months should give a nice return imo.
Gla
Brought some and average is 5p, so can't complain with that.
Should be nice end to this quarter imo
GLA.
Silly prices here.
I could never get people not willing to buy and hold but happily chase a stock which has gone up many %.
Expect this to be sitting mid teens come April.
On schedule, how often do you get that in exploration.
Exciting few weeks!
Thanks for sharing!
I thought Pip was a 30 day drill? Then moving the drill to Verbier and then the fun can commence.
I was expecting to drill mid April but most likely now end of March, barring any mishaps.
Finally, patience will now pay off as it turned out to be a longer hold then I initially anticipated!
Gla
Great news!
Wait till April and we will be comfortable sitting mid teens.
Carping - I have to say when it comes to Comms, Srsp has been one of the worst.
Personally, I am expecting the drill in Q2, let's see...
...still no news on rig but progress being made.
Production Crude Handling Agreement for Ugo-Ocha Offshore Terminal
Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a Crude Handling Agreement ("CHA"), in line with the Company's commercial offshore strategy, with the Terminal Operator of the Ugo-Ocha Floating Storage & Offloading unit ("FSO") with offtake from production wells delivered via coastal tankers to the FSO.
The Ugo-Ocha oil terminal is located offshore within the waters of the Exclusive Economic Zone of Nigeria and can store up 2,000,000 bbls of crude. The CHA provides for crude handling, receipt, storage and delivery, quality assurance, health, safety and environment and regulatory compliances.
Bobo Kuti, CEO of Sirius Petroleum plc, said:
"We are pleased to have secured this agreement to export our crude production through a secure offshore terminal which is in line with our commercial offshore strategy and provides the most flexible offtake option for our offtake partner."
Can see Italy being the backbone of the company for many years to come and this should prevent management ever coming back to retail investors for finance imo.
United Oil & Gas PLC CEO, Brian Larkin, said: "2.7BCF of 2P reserves of gas attributable to our 20% interest in the Selva Gas Field is a key milestone for the Company. Not only do these represent United's first reserves, they serve to demonstrate the considerable progress that has been made by the partners in de-risking the field and advancing it towards production. With preliminary approval for the development plan received in January, we remain on course to bring Selva into production in 2020 with facilities designed to produce at a gross rate of up to 150,000 cubic metres per day. At this rate, Selva will be generating significant cash flows for United which in turn will be reinvested into further high-impact activity across our portfolio of late stage development opportunities onshore Europe and frontier exploration offshore Jamaica. We are encouraged by the additional prospectivity in the licence, particularly by a number of potentially larger targets immediately adjacent to the Selva Gas Field, and this was one of the key drivers behind United's original acquisition of this licence.
"Selva is the latest in a series of CPRs published by United. The recently published UK CPR included estimates of gross unrisked 2C resources of 6.35 MMstb and 1.55 MMstb for our Crown Oil Discovery in the North Sea and our Waddock Cross Oil Field in the Wessex Basin respectively. We will shortly publish our CPR for Jamaica, which will complete the current set of studies."
Would like to sit in the 5's now before Jamaica news!
https://twitter.com/ady_palmer/status/1093409488470753280?s=19