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Sirius Petroleum Corporate News

Operational Update – Ororo Field

05 Apr 2019

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that Shelf Drilling’s Adriatic-1 rig has reached Target Depth on its current operation and is concluding the testing and logging programme.


Transaction update and Suspension of the Company’s shares

25 Feb 2019

Sirius (AIM: SRSP), the Nigeria-focused oil and gas development and production company, is pleased to announce that it is in advanced stages of discussions on funding which will enable it to conclude a funding facility to be deployed towards the execution of a minimum work programme commitment on the Ejulebe field


Operational Update

25 Feb 2019

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that it has been notified by Shelf Drilling that the Adriatic-1, currently stationed in the adjacent licence to the Ororo field, is approaching Total Well Depth for the incumbent operator.


Issue of Equity

21 Feb 2019

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the issue of 12,820,512 new ordinary shares representing 0.35 per cent. of the Company’s enlarged issued share capital.


Update re: OML 109 Ejubele Development

18 Feb 2019

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, is pleased to announce that it has completed its due diligence in relation to OML 109


Production Crude Handling Agreement for Ugo-Ocha Offshore Terminal

11 Feb 2019

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”), inline 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.


Issue of Equity

05 Feb 2019

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the issue of 28,571,428 new ordinary shares representing 0.78 percent. of the Company’s enlarged issued share capital.


Ororo Field Funding Update: US$20 million debt facility agreed with Barak Fund SPC Limited

28 Jan 2019

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, is pleased to announce a funding update for the Ororo Field as follows:


Issue of Equity

21 Jan 2019

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the issue in aggregate of 91,941,910 New Ordinary Shares representing 2.52 per cent of the Company’s enlarged issued share capital.


£5m Convertible Note Facility

15 Jan 2019

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, is pleased to announce that it has agreed binding terms with European High Growth Opportunities Securitization Fund (“the Fund”), managed by the Alpha Blue Ocean Group, in relation to the issue of convertible notes (“Convertible Notes”) raising initially £1.75m (gross) (up to a maximum of £5m in total under the agreement) in new funds for the Company which can be utilised to support the Company’s ongoing requirements for work regarding existing and potential asset targets.


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