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Sirius Petroleum Corporate News

Ororo Update - Seabed Survey

27 Mar 2017

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has executed a contract with Polaris Consulting Company (“Polaris”) which has been engaged to undertake a Seabed Survey around the Ororo field licence area. The marine vessel conducting the survey will mobilise to site in early April and it is anticipated that the survey will take approximately two weeks to complete.


Correction to Number of Shares in Issue

17 Mar 2017

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, announces that the number of shares in issue announced on 22 February 2017 should have been 2,542,029,522 ordinary shares of 0.25 pence each in issue. No ordinary shares are held in treasury.


Equity placing raising £2 million for equipment mobilisation deposits, and cancellation of the Cal

22 Feb 2017

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, announces that firm commitments have been received from new and existing shareholders in respect of subscriptions, in aggregate, for 266,666,666 new ordinary shares at a price of 0.75 pence per ordinary share (the “Subscriptions” and the “Subscription Shares”) to raise gross proceeds of £2 million. The Company has also agreed to issue to 3,333,333 new ordinary shares at 0.75 pence in settlement of fees.


Convertible Loan Facility - Notice of Conversion to Equity & Issue of Equity

26 Jan 2017

Sirius Petroleum (AIM:SRSP), the investing company focussed on oil and gas exploration and development opportunities in Nigeria, announces that it has received notification from Calvet International Limited (“Calvet”), a family investment office, for the conversion of £70,000 of the Company’s Convertible Loan Facility entered into on 8 May 2015 (the “Loan”) into 14 million new Ordinary Shares in accordance with the terms of the Loan.


Schlumberger Integrated Project Service Agreement

19 Dec 2016

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has entered into another milestone contract for the provision of an integrated services management (ISM) contract with Schlumberger, the world’s leading oilfield services company.


Oversubscribed Placing Raises over $1 million for General Working Capital

19 Dec 2016

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, announces that firm commitments have been received from new and existing shareholders in respect of subscriptions, in aggregate, for 170,000,000 new ordinary shares at a price of 0.5 pence per ordinary share (the “Subscriptions” and the “Subscription Shares”) to raise gross proceeds of £850,000 (approximately $1 million net of expenses).  The Subscriptions are conditional upon receipt of funds and admission of the Subscription Shares to trading on AIM


Well Management Contract Signed with Add Energy

18 Nov 2016

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has entered into another important contract for the provision of Well Engineering and Operations Management (“Well Management Contract”) with Add Energy Group (“Add Energy”), for a multi well campaign as part of Sirius’ shallow offshore development strategy in Nigeria, commencing in the first half of 2017.


Result of AGM

17 Nov 2016

Sirius Petroleum (AIM:SRSP), the investing Company focussed on oil and gas development and production opportunities in Nigeria, announces that at the Annual General Meeting of shareholders held today, all resolutions put to shareholders were duly passed.


Board Change

17 Nov 2016

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, announces the resignation from the Board of Simon Hawkins with immediate effect.


Vendor Finance Contract Signed with COSL for Jack-up Rig

16 Nov 2016

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it has entered into a key vendor financed offshore drilling contract (“Vendor Finance Contract”) with COSL Drilling Pan-Pacific Limited (“COSL”), for the provision of a high specification jack-up rig that will be utilised by the Company to drill a multi well campaign as part of its shallow offshore development strategy in Nigeria, commencing in the first half of 2017.


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