Shares in Nigeria-focused Sirius Petroleum closed up 15 per cent yesterday after the firm said it had made progress with preliminary work on the Ororo field and looks forward to moving the project forward with its partners. Aim-listed Sirius entered into a financial and technical services agreement in October with Owena Oil and Gas and Guarantee Petroleum Co over a proposed investment in the Ororo marginal oil field, which is located in shallow water offshore Ondo State. Sirius has done an environmental impact assessment on the field, which will shortly be submitted to the Nigerian government for review.
Sirius impresses with oil update
Wednesday 1st February 2012, 1:34am
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