Petroleum Africa
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Monday, June 4, 2012
LSE traded Sirius Petroleum reported that it is interested in oil assets that could pay off significantly for the company. Sirius released a statement in response to press speculation linking it to a substantial Nigerian oil asset.
While the company did not name the asset it did say that it had the potential for more resources than its past assets. The statement said that Sirius had exclusivity on an asset with substantial potential resources and is conducting advanced due diligence.
The company confirmed “that it has expanded its target base to include the assessment of oil blocks potentially containing levels of resources significantly larger than the company's original ambitions, whilst continuing to review potential marginal field opportunities.”
On the news of its interest in the asset, Sirius saw its shares rise 6.5%.
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