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Sirius Petroleum, the investing company focussed on oil and gas exploration and development opportunities in Nigeria, has entered into a Financial and Technical Services Agreement (FTSA) with Owena Oil and Gas Limited and Guarantee Petroleum Company Limited in relation to a proposed investment in the Ororo marginal oil field which is located in Oil Mining Lease 95 (OML 95) in Nigeria. Read more here
Sirius Petroleum is an independent oil development company whose shares are quoted on the AIM of the London Stock Exchange. The Company is currently considering a number of opportunities in the oil and gas sector with particular focus in Nigeria. Sirius has an agreement in place with Taglient Oil Nigeria Limited, a Nigerian private company owned and managed by Nigerian nationals who have considerable knowledge and contacts within the Nigerian Oil industry.
Update re: Ororo Field (25 Mar)
Exercise of Warrants (20 Feb)
Ororo Field FTSA Update (31 Jan)