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(SRSP.L) Sirius Petroleum PLC Buy/Sell

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Date/Time	Headline	Source
1
03-11-09	BRIEF-Sirius Petroleum in partnership with Dajo Oil	AFX UK Focus
LONDON, Nov 3 (Reuters) - Sirius Petroleum PLC: HAS SIGNED A STRATEGIC PARTNERSHIP LETTER OF INTENT WITH NIGERIAN BASED DAJO `Oil Limited` DAJO TO IDENTIFY AND NEGOTIATE ECONOMIC INTEREST IN MARGINAL OIL, GAS FIELD OPPORTUNITIES HELD BY SHELL NIGERIA UPON SUCCESSFUL ACQUISITION OF AN OPPORTUNITY, IT IS INTENDED THAT DAJO AND `Sirius will enter JV` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
03-11-09	Sirius Petroleum PLC - Strategic Partnership	RNS
RNS Number : 8200B Sirius Petroleum PLC 03 November 2009 3 November 2009 Sirius Petroleum plc ("Sirius" or "the Company") Strategic Partnership Sirius (AIM: SRSP.L) is pleased to announce that it has signed a strategic partnership letter of intent with Nigerian based Dajo Oil Limited ("Dajo") under which it is intended that the Company will work with Dajo to identify and negotiate an economic interest in marginal oil and gas field opportunities currently held by Shell Nigeria using their significant experience and contacts. Upon the successful identification and acquisition of such an opportunity, it is intended that Dajo and the Company enter into a long-form joint venture agreement (the 'JV agreement'). Pursuant to the JV agreement, it is intended that Sirius will act as the financial partner to the venture and provide 100% of the funding on any future marginal field opportunities. Sirius will own a 40% legal interest in the field and be entitled to a 80/20 preferential cash flow preceding the recovery of the Company's initial capital investment loan to Dajo and, thereafter, receive 40% of the revenues generated under the venture. Sirius will not pay a farm-in fee for this opportunity. Dajo will act as technical partner to the venture and a joint management committee will be set up between Sirius and Dajo to manage the opportunity, the procurement process, community relations and operational activities. Dajo is an experienced Nigerian oil and gas company, which is currently developing a deep offshore block with Shell Nigeria Exploration and Production Company Limited ("SNEPCO"), OPL 322. Bobo -1X, which was drilled in block OPL 322, to a total depth of 5,173 metres in 2,479 metres of water. It is the second deepest well in offshore Nigeria, and encountered over 140 meters of hydrocarbon bearing sands. Dajo's technical team is staffed by Efize.T.Domingo (Technical Director), who graduated from University of Nottingham with a BEng (Hons) in Chemical Engineering and MSc in Petroleum Engineering. Magerate Oiza Mordi (Director) graduated with a MBA in Oil & Gas from Dundee University, Scotland. Dajo's management team has a proven track record in Nigeria and is pursuing marginal field opportunities with the major oil companies in Nigeria. This opportunity is additional to the previously announced strategic partnership letter of intent agreements with RT5 Petroleum Limited and Bolad Energy Company and the Board is continuing its negotiations with each with a number of potential opportunities and is confident that the first marginal field will be secured within the previously announced timetable of late 2009 into early 2010. www.siriuspetroleum.com Enquiries: `Canaccord Adams Limited tel: +44 (0) 207 050 6500` Neil Johnson/Andrew Chubb `Hansard Group, John Bick tel: +44(0)7872 061007` `tel: +44(0)20 7245 1100` About Sirius Petroleum Plc: Sirius Petroleum Plc (AIM: SRSP) is UK registered company whose shares are listed on the AIM market of the London Stock Exchange. Sirius is currently considering a number of opportunities in the oil and gas sector with particular focus on Nigeria. Whilst discussions have been encouraging, Sirius is at an early stage in its consideration of its potential targets. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUVURKRRARUA More
15-10-09	Sirius Petroleum PLC - Director/PDMR Shareholding	RNS
RNS Number : 7994A Sirius Petroleum PLC 15 October 2009 15 October 2009 Sirius Petroleum plc ('Sirius' or 'the Company') Director Dealings Sirius Petroleum plc (AIM: SRSP) announces that it was yesterday notified that on 14 October 2009, Mike Hirschfield and Toby Hayward, directors of the Company, purchased 3,100,000 and 2,900,000 ordinary shares of 0.25p each in the Company ('Ordinary Shares') respectively at a price of 5.0 pence per Ordinary Share. Following these transactions, the interests of Mr Hirschfield and Mr Hayward are as follows: Mr Hirschfield is interested in 14,300,000 Ordinary Shares, representing 2.85% of the total issued share capital of the Company. Mr Hayward is interested in 25,400,000 Ordinary Shares, representing 5.05% of the total issued share capital of the Company. Enquiries: `Canaccord Adams Limited tel: +44 (0) 207 050 6500` Neil Johnson/Andrew Chubb `Hansard Group, John Bick tel: +44(0)7872 061007` About Sirius Petroleum Plc: Sirius Petroleum Plc (AIM: SRSP) is UK registered company whose shares are listed on the AIM market of the London Stock Exchange. Sirius is currently considering a number of opportunities in the oil and gas sector with particular focus on Nigeria. Whilst discussions have been encouraging, Sirius is at an early stage in its consideration of its potential target assets. This information is provided by RNS The company news service from the London Stock Exchange END RDSBRBDGLGBGGCS More
09-10-09	BRIEF-Sirius Petroleum to import refined oil to nigeria	AFX UK Focus
LONDON, Oct 9 (Reuters) - Sirius Petroleum PLC: GRANTED A LICENCE TO IMPORT REFINED OIL INTO NIGERIA LICENCE PERMITS THE COMPANY TO IMPORT UP TO 10,000 METRIC TONNES PER SHIPMENT ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-10-09	Sirius Petroleum PLC - Grant of Import Licence	RNS
RNS Number : 5053A Sirius Petroleum PLC 09 October 2009 9 October 2009 Sirius Petroleum plc ("Sirius" or the "Company") Update - Refined Products Import Licence, Nigeria The Board of Sirius (AIM: SRSP) is pleased to announce that it has been granted a licence from the Department of Petroleum Resources ("DPR") of the Nigerian Ministry of Petroleum Resources to import refined oil products into Nigeria ("Import Licence"). The Import Licence is granted with effect from 30 September 2009 and permits the Company, through its subsidiary Sirius Taglient Petro Limited, to import up to 10,000 metric tonnes per shipment of petroleum oil product and is renewed on a quarterly basis for a nominal fee. The Company first announced its intention to seek opportunities in the natural resources and mining sector in its 2008 Interim Results and this strategy was refined to the oil and gas sector in June 2008. Under The AIM Rules for Companies (the "AIM Rules"), the Company is obliged to complete a reverse takeover transaction or otherwise implement its strategy by 4 March 2010 in order to retain its admission to trading on AIM. The Import Licence will enable the Company to commence trading in refined oil products in Nigeria with a view to generating significant revenues within the AIM timetable thereby, going forward, satisfying the AIM Rules' requirements. Whilst Nigeria is a net producer of crude oil products, its domestic refining capabilities are insufficient to meet the needs of its near 150 million residents. Accordingly, Nigeria exports the majority of its oil production and imports the majority of its refined oil product requirement. The directors believe that this situation provides a significant market opportunity for both oil product import and export operators. Whilst the oil product import activities will provide the Company with a significant business opportunity, it nevertheless remains the strategy of the Board to acquire and develop a number of marginal oil field projects. The Company's oil product trading activities will not defer or delay the work on securing such marginal field opportunities and, as previously announced, the Board remains confident that the first such field will be secured during the latter part of 2009 or early 2010. Commenting on this development, Chairman of Sirius Petroleum, Mr Agboola, said: "We are pleased to be in a position where we can commence trading activities with a view to producing positive revenues and cash flows whilst continuing to review potential marginal field opportunities." Ends www.siriuspetroleum.com Enquiries: Nominated advisor and Broker: `Andrew Chubb/Neil Johnson, Canaccord Adams Limited Tel: +44 (0) 20 7050 6500` Financial PR Advisor: `John Bick, Hansard Group Tel: +44 (0) 7872 061007` This information is provided by RNS The company news service from the London Stock Exchange END MSCFSAEFASUSEIS More
26-08-09	UPDATE 1-Sirius Petroleum gets $80 mln debt funding	AFX UK Focus
CAPITAL INVESTMENT HAS AGREED TO PROVIDE DEBT FUNDING `* Capital Investment to get a fee of 1.573 mln stg` `* Shares rise 23 pct to 52-week high early trade` (Adds details) `Aug 26 (Reuters) - Sirius Petroleum Plc said on Wednesday Geneva-based Capital Investment Office had agreed to provide $80 million of debt funding for its first marginal oil field project, sending its shares up to a new 52-week high.` `The company, which is looking at a number of oil and gas opportunities mainly in Nigeria, is confident of securing its first opportunity during the remainder of this calendar year or early 2010, it said.` `"We now have a substantial funding line which will enable us to execute our first asset deal... through the acquisition of proven marginal oil assets in Nigeria," Chairman Babatunde Agboola said in a statement.` `Capital Investment (CapInvest) will get a fixed fee of 1.573 million pounds ($2.6 million), which will be settled through the issue of 65 million new shares, Sirius said.` `CapInvest is the sole advisor to Capital Investment Trust, which is a family office trust based in Geneva.` `Shares of the AIM-listed company were up 23 percent at 4 pence by 0704 GMT on the London Stock Exchange.` ($1=.6127 Pound) (Reporting by Purwa Naveen Raman in Bangalore; Editing by Gopakumar Warrier) Keywords: SIRIUSPETROLEUM/ (purwa.naveen@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: purwa.naveen.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
26-08-09	BRIEF-Sirius Petroleum gets $80 mln debt funding	AFX UK Focus
LONDON, Aug 26 (Reuters) - Sirius Petroleum PLC: HAS DEBT FUNDING FOR THE COMPANY'S FIRST MARGINAL OIL FIELD PROJECT CAPINVEST HAS AGREED TO PROVIDE OR PROCURE AT LEAST US$ 80 MILLION OF DEBT `funding` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
26-08-09	Sirius Petroleum PLC - Funding for potential marginal oil field projects	RNS
RNS Number : 0073Y Sirius Petroleum PLC 26 August 2009 26 August 2009 Sirius Petroleum plc ("Sirius" or "the Company") Funding for potential marginal oil field projects The Board of Sirius is pleased to announce that it has entered into an agreement with Capital Investment Office ("CapInvest") based in London, UK, under which CapInvest has agreed to provide or procure debt funding for the Company's first marginal oil field project (the "Funding Agreement"). During 2008, the Company entered into a number of agreements with various parties which, when taken together, provide the Company with access to potential marginal field opportunities and the expertise and experience necessary to exploit those opportunities. The Company has been involved in a number of discussions relating to the acquisition of a marginal field opportunity and the Board remains confident of securing its first opportunity during the remainder of this calendar year or early 2010. The Board recognises that raising the funding necessary to exploit these opportunities solely through the issue of equity capital would significantly dilute existing shareholders. Accordingly, the Board considered it important to take steps to secure alternative debt funding for its plans. Under the terms of the Funding Agreement, CapInvest has agreed to provide or procure at least US$ 80 million of debt funding for the first marginal field opportunity for which CapInvest will receive a fixed fee of £1.573 million which will be settled through the issue of 65,000,000 new ordinary shares (using a fixed price of 2.42p per share, the closing share price as at 19 August 2009, the latest practical date prior to agreeing the terms of the Funding Agreement). These new shares will only be issued if the Company secures a funded marginal oil field opportunity on or before 31 December 2010 (the "Period") and will represent approximately 9.55% of the enlarged issued share capital. In addition, on such event, CapInvest will be paid a cash fee of 1.5% of the funds raised. In the event that the Company chooses to source funding from an alternative provider during the Period, and provided that such alternative debt finance raised is in excess of US$80 million, the share element but not the cash element will remain payable to CapInvest. CapInvest will also be subject to a 6 month Lock-in following completion of such debt funding. CapInvest, is the sole advisor to Capital Investment Trust, ("CapTrust") which is a family office trust based in Geneva, Switzerland. CapTrust operates with other similar organisations to make direct investments and has access to funding in excess of $1 billion. Previous transactions at CapTrust have included oil and gas related fixed income investments and many other investments in various restructured corporate loan and debt instruments. The Board believes that these arrangements are in the best interest of the Company and its shareholders as a whole as the overall cost of funding will be in line with that of a commercial placing fee. Commenting on the proposals, Chairman Babatunde Agboola said "We now have a substantial funding line which will enable us to execute our first asset deal in line with our strategy to create shareholder value through the acquisition of proven marginal oil assets in Nigeria." www.siriuspetroleum.com Enquiries: `Canaccord Adams Limited tel: +44 (0) 207 050 6500` Neil Johnson/Andrew Chubb `Hansard Group, tel: +44(0)7872 061007` John Bick About Sirius Petroleum Plc: Sirius Petroleum Plc (AIM: SRSP) is UK registered company whose shares are listed on the AIM market of the London Stock Exchange. Sirius is currently considering a number of opportunities in the oil and gas sector with particular focus on Nigeria. Whilst discussions have been encouraging, Sirius is at an early stage in its consideration of its potential targets. This information is provided by RNS The company news service from the London Stock Exchange END MSCEAAPSALANEAE More

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