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|Oil & Gas Producers
Sterling Energy Share Discussion Threads
Showing 32901 to 32924 of 32925 messages
|Many thanks Slowracer. I took small positions in both GPX and SEY last week hence hedging my bets ! The below link to peace talks in Geneva now this Thursday.
|All very speculative but IMHO GPX will be in the driving seat, not SEY. No way that SEY would or could takeover GPX. GPX has an oil well asset worth hundreds of millions assuming Syria sanctions are lifted some day. But it will need cash to restart operations once sanctions lifted, and they dont have any cash.
This is the mirror image of SEY which has some cash (~$90M) but no very prospective assets to develop. So SEY's cash is looking for a 'home', and GPX's valuable oil field is looking for cash. And they are both controlled by Waterford and associates. Draw your own conclusions.|
|Slowracer. £ 4 mill. facility
Name of Lender Commitment
Waterford Finance & GBP1,492,000 (37.30%)
Investment Limited GBP1,258,000 (31.45%)
Blake Holdings Limited GBP1,250,000 (31.25%)
ME Investments Limited
TOTAL GBP4,000,000 (100%)
May I ask your thoughts re any future acquisition of GPX by SEY ?|
|GPX look like another E&P* outfit.
One last throw of the dice for SEY shareholders?
*Exploration and Prayer|
|I think they may be all or mostly Waterford nominees.
In my view they won't give cash back to shareholders but will use it in GPX where it has potential to yield much better returns.|
|888IC. New board members as of end 2016, do look at SEY website.|
|More likely the cash will be used to finance the restart of oil production at GPX once Syria sanctions are listed.
Waterford effectively control both GPX and SEY, but GPX has no cash and will need lots|
|There is so much activity in the oil and gas sector at the present time it is beyond belief that the board of SEY have done absolutely nothing with the vast pile of cash they have been sitting on for several years(apart from drawing their salaries of course!)
The incompetent disgrace continues and its about time they gave the cash back to the shareholders.|
Waterford Finance 29.9%
Misty Vale Ltd 15.6%
Denis O'Brian 7.6%
Banque Heritage 6.7%
That I think is all the Major holders.|
|Envious or what?!
During my time with SEY, I've gone from a regular trip to the barbers to a DIY buzz cut (and doesn't take long).
I would need two lifetimes to recover my losses in SEY.|
|Just noticed that. Over 16% eh. hmmmmmmmm.
Seat on the board. Changes afoot?
Similar to what's happening at BLVN right now? (COC ousting Board - also just over 15%)
"Anything" positive would be nice.
I think my hair was dark brown when I first invested in this stock.|
|YF over 16%...they took a while to report that transaction...21st June 16!|
|I was going to say "nothing to see here, please move on".
Otherwise rumours of a possible tie up with Gulfsands (they want access to our dosh) and some commonality amongst the executives|
|What on earth is happening here - can anyone summarise the key activities and milestones?
|If of any interest to fellow investors in SEY do revert to GPX ADVFN bb and read Slowracer's observation today re: possible future tie up between SEY and GPX which could perhaps be a good way forward.|
|Mr Genel Energy, I have a small position in GPX, there's been chat on the GPX board this last fortnight about SEY.
Could you please advise further why you think SEY would be attracted to GPX ? Location / proximity in Kurdistan ~ Syrian assets perhaps ?
SEY as you know withdrew from Kurdistan in 2013 because of the lack of opportunities the 2D seismic presented, why would they wish to go back as opposed to developing projects in Somalialand and Mauritania ?
Mind you, those countries are the previous boards' ' turf ' and there's only one * well to drill in C10, Mauritania, if they go that route ( * gas not oil .. ? )
Hence, your observation re : a merger with GPX would be a good idea is of interest ! Many thanks.|
|-- Onshore Somaliland, the acquisition of 2D seismic data on the Odewayne (Genel 50%, operator) and SL-10B/13 (Genel 75%, operator) blocks is due to commence by March 2017. The data will be acquired as part of a Somaliland government owned speculative 2D seismic acquisition project, with the Company purchasing the associated data from the government|
|I have given up on this sold and took the loss. They have done no work for far too long producing very little. Though with my luck the share price will take off and you'll all make a fortune so good luck to all who stay with it|
|Lets hope the new Directors have more ideas than the last lot. That will not be a difficult task! Invest the cash pile or give it back.|
|It is interesting that YF Financial became a 15% holder in April 2016 but the Company failed to RNS this until 5/1/17 due to an oversight. I don't believe that it was an oversight. I accept that the Directors only come out of hibernation for a few days per year to collect their unearned salaries. But as they have done nothing for several years other than sit on a large pile of our cash which is not reflected in the share price, it seems incredible that they failed to report a major change in a shareholder which was probably the most exciting thing that has happened for years.
The Directors continue to be an absolute disgrace.|
|Bit of a tick up COB|
|It appears that Sprott have sold their entire holding to YF Finance giving them 15%|
|gpx has a £250m asset|
mr genel energy
|merge with GPX...
syria war should be over by next year.|
mr genel energy