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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
31st Jul 201211:41 amRNSResponse to Press Speculation
26th Jul 20122:58 pmRNSResult of AGM
29th Jun 20127:00 amRNSFinal Results
21st Jun 20127:00 amRNSUpdate on recent developments
14th Mar 20127:00 amRNSUpdate re: Ororo Field
20th Feb 20124:20 pmRNSExercise of Warrants
31st Jan 20123:36 pmRNSOroro Field FTSA Update
19th Jan 20123:24 pmRNSChange of Registered Address
10th Jan 20124:02 pmRNSHolding(s) in Company
11th Oct 20117:00 amRNSGrant of Options
10th Oct 20117:00 amRNSOroro Field FTSA
23rd Sep 201111:37 amRNSIssue of Equity
14th Sep 20117:23 amRNSCEO Appointment and Subscription
22nd Aug 20111:50 pmRNSDirector/PDMR Shareholding
22nd Aug 20117:03 amRNSHalf Yearly Report
1st Aug 20117:00 amRNSDirectorate Change
1st Jun 20117:00 amRNSExercise of Warrants
31st Mar 201110:02 amRNSStrategy Update
14th Feb 20117:00 amRNSCancellation of Existing Admission
30th Dec 20104:30 pmRNSUpdate re Acquisition
1st Nov 20105:00 pmRNSResult of General Meeting
20th Oct 20102:00 pmRNSSchedule 1 - Sirius Petroleum plc
14th Oct 20107:01 amRNSProposed Placing and Update re: Acquisition
14th Oct 20107:00 amRNSHalf Yearly Report - Second Interim
31st Mar 20107:06 amRNSInterim Results to 31 January 2010
31st Mar 20107:01 amRNSChange of Adviser
22nd Feb 20107:30 amRNSAcquisition of Marginal Field Interest
22nd Feb 20107:30 amRNSSuspension - Sirius Petroleum PLC
16th Feb 20102:47 pmRNSTransaction Introduction Agreement
19th Jan 20103:28 pmRNSResult of AGM
21st Dec 20094:00 pmRNSAnnual Financial Report + AGM Date
21st Dec 20098:59 amRNSFinal Results
2nd Dec 20097:00 amRNSPlacing, Update and Marginal Field Opportunity
3rd Nov 20097:00 amRNSStrategic Partnership
15th Oct 20097:00 amRNSDirector/PDMR Shareholding
9th Oct 20097:00 amRNSGrant of Import Licence
26th Aug 20097:00 amRNSFunding for potential marginal oil field projects
25th Jun 20097:00 amRNSDirector Dealings
13th May 20097:00 amRNSHolding(s) in Company
30th Apr 20097:00 amRNSHalf Yearly Report
29th Apr 20093:08 pmRNSHolding(s) in Company
27th Apr 20093:17 pmRNSHolding(s) in Company
21st Apr 20095:26 pmRNSHolding(s) in Company
11th Feb 200911:01 amRNSResult of AGM
5th Feb 20097:00 amRNSAcquisition Update
26th Jan 20095:01 pmRNSHolding(s) in Company
26th Jan 20091:41 pmRNSAnnual Report and Accounts
14th Jan 20097:00 amRNSFinal Results
19th Dec 20087:00 amRNSPlacing of Shares and Strategic Partnership
4th Dec 20088:24 amRNSUpdate and Strategic Partnership
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