SRSP – Update on Rig Status – Ororo Field

Sirius Petroleum (AIM: SRSP), the Nigeria-focused oil and gas development and production company, announces the following update:

The COSL Force jack-up rig has been undergoing an extensive maintenance programme under a recertification process conducted by COSL on station in Dubai, during which all major drilling equipment items and systems are being examined and repaired where necessary, including main engines, top drive, hoisting equipment, mud pumps, and blow out preventer.

With reference to the proposed rig for the drilling programme on the Ororo field, the Company is currently waiting to conclude this process which has taken significantly longer than originally envisaged. Sirius is at an advanced stage of concluding its rig requirements in order to achieve spudding of Ororo-2 in Q4 2018. The Company will update shareholders accordingly in the near term.