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Sirius Petroleum Corporate News

£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.


Update re. Complementary Asset Opportunity Located Adjacent To Ororo field

15 Jan 2019

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, announces that Sirius continues to work with a third-party funder on the agreement for the funding which is planned to be deployed towards the execution of a minimum work programme commitment on the Ejulebe field.


Ororo Field – Rig Update

31 Dec 2018

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company has been advised by Shelf Drilling that the Adriatic-1 Jack-up drilling unit which is currently stationed in the adjacent oil block to the Ororo field


Update on Acquisition of 75% Shareholding in Precision Energy

05 Dec 2018

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that further to the announcement issued earlier today, for the avoidance of doubt, the economic rights between Tetrarch Limited and Fomak Limited as owners of Tetra Energy Services Ltd are split 50/50 and Sirius JV gets its 30% indirect beneficial economic rights exclusively through Tetrarch Limited. The economic rights of Fomak Limited are unaffected by this transaction.


Revision of Existing Warrants

04 Dec 2018

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, announces the following change which the Company has agreed over 100 million existing warrants.


Acquisition of 75% Shareholding in Precision Energy

04 Dec 2018

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a conditional sale and purchase agreement with Precision Energy Group (“PEG”) to acquire a 75% shareholding in Precision Energy Tetra 109 (BVI) Ltd


Sirius secures In-Country Rig for Ororo Field

08 Oct 2018

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces that it has decided, by mutual agreement with COSL, to abrogate its agreement with COSL for the supply of a jack-up rig for the drilling programme on the Ororo field, OML 95.


Update on Rig Status – Ororo Field

28 Sep 2018

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the following update:


Half Year Report for the six month period ended 30 June 2018

28 Sep 2018

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas exploration and development company, announces unaudited results for the six-month period ended 30 June 2018.


Ororo Field – Rig Update

07 Jun 2018

Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company, announces that following an update from COSL, the Company’s international rig partner, the COSL Force jack-up rig has commenced critical equipment re-certification ahead of its mobilisation to Ororo-2 in Nigeria.


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