Sterling Energy Share Discussion Threads

[bobby ewing] 20/2/2012 10:17

and whats new!!!!

[excellance] 20/2/2012 10:12

19/10/2011

Sangaw, Kurdistan.

"The Company is integrating the seismic, drilling, logging, and testing information to update the geological interpretation and determine the future potential of the block, prior to making recommendations to the joint venture group regarding future activities."

"The first sub-period of the exploration phase of the Production Sharing Contract ("PSC") for the Sangaw North Block ends in November 2011. The second, and final, sub-period of the exploration phase of the PSC has a duration of 2 years. The drilling of the Sangaw North-1 well has already fulfilled the work commitment for the second sub-period."

[car973] 14/2/2012 11:04

Although I have made more than I have lost on SEY (and still holding a few), what a boring stock this has become!!

[85gary] 10/2/2012 14:27

That Peel Hunt announcement seems to have done something positive. Does anybody have access to the report?

I see 44p mentioned, but no real reason?

[888icb] 08/2/2012 20:01

The FT market report on the broker target of 70p said it related to a multibag prospect in relation to Madagascar. It is my understanding that this project is still on hold due to the political situation. Has anyone seen the full broker report?

[excellance] 08/2/2012 17:50

the chart looks just fine if you read it from right to left...

[puffin1] 08/2/2012 17:47

i am very happy with SEY ooooooops the graft is upside down !

[bobby ewing] 08/2/2012 12:42

If you unhappy with the shares performance, the management or any other apect of holding this share, stop whining and get out of it!!!!

[puffin1] 08/2/2012 10:50

And this is the Dump ! Still no NEWS !

[264091] 08/2/2012 07:32

every time.

[puffin1] 07/2/2012 14:34

Pump and Dump ?? no news !

[obmuj] 07/2/2012 11:39

Telegraph today:

"Peel Hunt initiates buy on Sterling Energy, target price 70p."

That was it.


Cannot imagine why!

[clunes100] 05/2/2012 19:49

Cash, no debt, production (limited), licences with potential.

No news, sangsaw next drill, Cameroon disputed territory, Madagascar or indeed Mauritania.

ZZZZZZZZZZZZZZ...........

[gregpants] 05/2/2012 18:48

Would I be right in thinking the positives here are:

1. Loads of cash relative to MC
2. Debt free

?


Thanks

[septimus quaid] 03/2/2012 18:20

Unless you have the ability to see through solid rock or have the benefit of devine intervention this was always going to be a punt. I know some people put a lot of faith in Fido but he was as clueless as the rest of us.

[bobby ewing] 03/2/2012 10:24

Clunes100 - you maybe roght but I think you are clutching at straws here, time will tell

[clunes100] 02/2/2012 23:09

GKP are in the US presenting to analysts, it might create a little interest in other Kurd plays.

[bobby ewing] 30/1/2012 10:26

poo bear

If your thick enough to invest based on other peoples thoughts you deserved to get hit, DYOR you lazy half wit

[waba] 29/1/2012 12:18

Investor presentation

[excellance] 21/1/2012 12:11

for bobobobob,

"As consideration, Murphy has paid to Sterling a contribution towards past costs and is committed to fully fund joint operations in relation to the current phase of exploration under the Contract which includes the drilling of one exploration well."

[excellance] 21/1/2012 12:08

surely the boffins have interpreted the sangaw1 drill data by now!

i wonder if sangaw was a total loss, or, since the well was aiming at multiple zones rather than an optimum location for any single zone, is the data pointing towards anything of value at well # 2?

are they going to drill a second well at sangaw?

is the recent share price weakness cause by expectation of a placing to fund further drilling?

my bet is that they will raise $30 or $40 by placing very soon at about 35p per share... i know they have $100m in the bank, and that SEY will only have to fund 40% of the next sangaw well, and, that Murphy oil will fully fund the first well offshore cameroon, but there are other activities across the portfolio or new developments outside the current portfolio, that may need cash, and i recon that sangaw 2 will cost SEY up to $50m...

we will soon see

[bushman1] 20/1/2012 16:02

To : bobobob

Hi Bob, going back a few weeks ago to the RNS of 3rd Nov. 2011, could you please clarify your comment re : it not being a free carry with Murphy Oil ( see below ). From researching I have been doing this afternoon, am now uncertain as to the exact position many thanks for your help.

bobobob5 - 3 Nov'11 - 07:52 - 5059 of 5153

This seems a good deal to me. Whilst it is not a free carry, there is an (unstated) payment toward past costs.

Murphy produced 186,400 boepd in 2010, and their target for 2011 is 200,000 to 210,000 boepd. They are not small and employ a lot of peoeple.

I don't think they would have got involved with this deal unless they were pretty positive about it ''.

[rrr] 20/1/2012 09:15

There is an investor presentation on the company website, Dec 2011.