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Sirius Petroleum in Talks with BP Regarding Ororo Field Financing

Source: www.gulfoilandgas.com 6/12/2017, Location: Africa

Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and can confirm it is currently in discussions with BP regarding an offtake and pre-payment facility to support the financing of the Company’s proposed drilling programme on the Ororo Field in Nigeria. Discussions with BP, and other parties regarding financing, are ongoing and there can be no certainty that Sirius will reach an agreement with BP regarding the proposed offtake and pre-payment. The Company will provide updates to the market as appropriate.

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