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Sirius Petroleum Corporate News

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.


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


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