ABOUT SIRIUS NAVIGATION

About Sirius Petroleum

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Sirius Petroleum is a Nigeria focused oil and gas development and production company, whose shares are quoted on the London Stock Exchange’s AIM (ticker: SRSP).’ The Company’s strategy is to target proven opportunities and maximize hydrocarbon production and recovery through the acquisition of discovered assets in Nigeria, with a particular focus on shallow water offshore areas and realise upside potential through appraisal activities.

Sirius’s initial focus is the Ororo field, which was originally operated by Chevron in 1986. Chevron drilled Ororo-1 and hydrocarbons were discovered in seven sandstone reservoirs (D1 to D5, F and G). Four of the reservoirs were tested, two produced oil (D3 and G) and two produced gas condensate (D4 and D5). The original Ororo-1 well tested at 2,800 bopd and contains 125ft true vertical thickness (‘TVT’) of net oil pay.

The Ororo field is located within OML 95 in the Niger Delta, offshore Nigeria, in the western part of the prolific Niger Delta petroleum system. It lies in shallow waters offshore Ondo State in water depths ranging between 23ft and 27ft. The field is adjacent to the Mina, West Isan, Ewan, Eko and Parabe fields, all of which are operated by Chevron.

Sirius has a 40% economic interest under a Financial & Technical Service Agreement and entered into a Joint Operating Agreement (‘JOA’) in August 2017 with its indigenous partners Owena Oil & Gas (100% state owned entity) and Guarantee Petroleum, who own 27% and 33% respectively.  According to the Ororo CPR, the mid-case gross recoverable 2C contingent resources are 24mmboe.

Sirius Petroleum adheres to policies ensuring strict health and safety standards and promoting support and beneficial inclusion of local and indigenous communities.

Sirius Announcements

Ororo Field – Rig Update (07 Jun)

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Annual Report and Notice of Meeting (16 May)

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Final Results For the year ended 31 December 2017 (15 May)

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