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Ororo update

2 Aug 2019 14:20

RNS Number : 7837H
Sirius Petroleum PLC
02 August 2019
 

 

2 August 2019

 

Sirius Petroleum Plc

("Sirius" or "the Company")

 

Ororo update

 

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that as previously disclosed, the licence to the Ororo field expired on 31 May 2019. As notified on 5 April 2019, the Company decided, in advance of the expiry date, to seek a further extension to the term of the licence from the Department of Petroleum Resources in Nigeria as has been done previously. The Company awaits the results of this application process. The granting of any extension to the term of the licence will require the approval of the Minister of Petroleum whose formal appointment has yet to be made. For clarification, there would be no drilling activity on the field until an extension is granted. While the Company remains optimistic, there can be no guarantee that an extension to the licence will be granted, and therefore that the Company can restore its economic interest.

 

Enquiries:

 

Sirius Petroleum Plc +44 20 3740 7640

Olukayode Kuti, Chief Executive

Mark Henderson, Chief Financial Officer

 

Cantor Fitzgerald Europe +44 20 7894 7000

David Porter/Rick Thompson

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Date   Source Headline
23rd Aug 20195:30 pmRNSSirius Petroleum
23rd Aug 20198:30 amRNSDelisting from AIM
2nd Aug 20192:20 pmRNSOroro update
21st Jun 20196:03 pmRNSUpdate on the Publication of Financial Accounts
5th Apr 20197:30 amRNSOroro Update
25th Feb 20197:30 amRNSSuspension and Transaction Update
25th Feb 20197:30 amRNSSuspension - Sirius Petroleum Plc
25th Feb 20197:00 amRNSOperational Update - Ororo
21st Feb 20197:00 amRNSIssue of Equity
18th Feb 20197:00 amRNSTransaction Update
11th Feb 20197:00 amRNSProduction Crude Handling Agreement
5th Feb 20197:00 amRNSIssue of Equity
28th Jan 20197:00 amRNSOroro Field - $20m Debt Funding
21st Jan 20197:00 amRNSIssue of Equity
15th Jan 20197:00 amRNSConvertible Note Facility
15th Jan 20197:00 amRNSTransactions Update
31st Dec 201811:26 amRNSOroro field rig update
4th Dec 20184:14 pmRNSUpdate on Acquisition
4th Dec 20187:35 amRNSRevision of Existing Warrants
4th Dec 20187:00 amRNSAcquisition
8th Oct 20187:00 amRNSRig Update - Ororo Field
28th Sep 20187:01 amRNSHalf-year Report
28th Sep 20187:00 amRNSUpdate on Rig Status - Ororo Field
11th Sep 201810:46 amRNSHolding(s) in Company
14th Jun 20183:08 pmRNSResult of AGM
7th Jun 20187:00 amRNSOroro Field - Rig Update
16th May 201811:00 amRNSAnnual Financial Report an Notice of Meeting
15th May 20187:00 amRNSFinal Results
1st May 201812:05 pmRNSOroro Field Update
18th Apr 20185:12 pmRNSChange of Registered Office
20th Mar 20187:30 amRNSOroro Field Update - Compact Well Heads Ororo 4+5
12th Mar 20187:30 amRNSOroro Field Rig Mobilisation - COSL Force
12th Jan 20187:00 amRNSHolding(s) in Company
2nd Jan 20187:00 amRNSOroro Field - MEM Completed
27th Dec 201710:15 amRNSResult of AGM
21st Dec 20177:00 amRNSOroro Field - Update
18th Dec 201710:10 amRNSResult of GM and Appt of Interim COO
18th Dec 20177:00 amRNSHolding(s) in Company
5th Dec 20177:00 amRNSEnvironmental Baseline Studies Revalidation by DPR
1st Dec 201711:27 amRNSInvestor Evening - Presentation
30th Nov 20177:49 amRNSPlacing, Admission Document and Notice of Meeting
30th Nov 20177:45 amRNSRestoration - Sirius Petroleum Plc
30th Nov 20177:45 amRNSSchedule 1 - Sirius Petroleum Plc
30th Nov 20177:10 amRNSNotice of AGM
30th Nov 20177:00 amRNSTemporary Suspension
26th Oct 201710:02 amRNSSenior Management - Mr Peter Gregory
18th Sep 20177:00 amRNSHalf-year Report
16th Aug 201712:30 pmRNSTemporary Suspension pending Admission Document
16th Aug 201712:30 pmRNSSuspension - Sirius Petroleum Plc
14th Aug 20177:00 amRNSUS$10m Revolving Prepayment Facility + Offtake
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