Sterling Energy Share Discussion Threads

[septimus quaid] 10/2/2014 10:01

I have been here many times before with Sterling, a tense 2/3 months awaits us.

[888icb] 10/2/2014 08:57

The news flow from SEY continues. Great news that the drill bit is turning and at someone else's expense ie Murphy Oil.
If this hits what they hope to find then it will be transformational for the share price. Let's hope this is SEY's year after all the years of inactivity.

[flyingbull] 31/1/2014 17:46

The February oil stock competition is now on. Deadline for entry is midnight this Sunday.

Good luck!!!
fb

[chesty1] 30/1/2014 18:10

My main holding for an oiler at the mo is HAWK....

If that one goes to plan I will have more funds to play ball here, I am well down on my original investment here & have not really added to it over the years...

Maybe I will in time if this hasn't rocketed before I get the chance.

Be lucky to all & does look very encouraging at the mo.

[wbodger] 30/1/2014 17:59

I don't know what amazes me more, that SEY is lurching around like something stirring from a graveyard in a horror movie, or that there is still a place in the world called Somaliland. Days of Empire not yet consigned to history, time to dust off the pith helmet and oil up the Lee-Enfield.

I know I won't get back to my purchase price but I will enjoy another roller-coaster ticket. Who knows, maybe Murco will bag an elephant, Exxon will want Ampisandava, and Soyuzneftegaz will use us to get a FTSE listing ...

[888icb] 27/1/2014 10:40

More news from Sterling confirming completion of a Farmin in Somaliland. Having been very quiet for years Sterling are starting to become interesting again with 11 RNS since the Interim Management statement at the end of October.

[7stock] 24/1/2014 23:14

hxxp://www.somalilandsun.com/index.php/economic/4822-somaliland-jacka-resources-set-to-initiate-oil-exploration-

Hopefully more good news to come. Maybe the ship is about to sail for sterling.

[sharegroper] 24/1/2014 10:11

T d V
Bought at 11p old shares, sold part at 23p, went into HNR then Tullow just about wiped my nose overall but well down on these.I suppose my buy in at 11p = £4.40 so a long way to break even, guess in my dreams.😕8533;
Still some old timers on here, best of !luck to all.
SG1

[tarquin de ville] 24/1/2014 07:36

Sharegroper

Thunderdud was the marathon drill. That was looking for predicted billions of cubic feet of gas and in the end they hit enough to fill a couple of camping gaz canisters.

I wish them luck with this drill. It's been a long time coming and I am well down on this one.

[sharegroper] 23/1/2014 19:24

Chesty
Me also pre FOG, can't help thinking Drill Bit, SEY, OIL, in one sentence is a bit far fetched.
Was it CRAZY Horse where they drilled until they nearly came out the other side, or Kurdistan,if they were in a barn with a shotgun they could still fail to hit anything!!.
Last roll of the dice for me, I am still here because I thought they would be taken over.
Nevertheless, hope springs eternal, good luck to all.
SG1

[pigeon1] 23/1/2014 19:11

Who's got the numbers on the upside on success?

What are we looking at? £3? £4?

Mindboggling...

[billy two cocks] 23/1/2014 13:43

I'M FEELING AROUSED.

Thanks

BTC

[puffin1] 23/1/2014 13:27

At long last good News .

[888icb] 23/1/2014 08:24

It's a long time since we saw SEY on the leader board currently number 5 with a 10% rise. Good luck with the drill.

[chesty1] 23/1/2014 08:23

Whoo Hoo our SEY is finally awake.....

How bloody long.

Chart says yeah.....All I need now is me HAWK to follow suit.

Be lucky to all & held these for my sinns since Fusion oil n Gas....Showing me age now....

[daveelectec] 23/1/2014 08:02

About bloody time too !

[mortie1] 23/1/2014 08:00

New presentation on co.website.

www.sterlingenergyuk.com/pdf/presentations/2014-01-23_Investor_Presentation.pdf

[rayrac] 23/1/2014 08:00

One for the pot! Time to buy?

[mick] 23/1/2014 07:16

Now this is very good news! Sterling is waking from its slumbers! Drilling to commence in Feb.

RNS Number : 2815Y

Sterling Energy PLC

23 January 2014

23 January 2014

Operations Update for the Ntem Concession (Cameroon)

Sterling Energy Plc, the AIM listed oil & gas exploration and production company (AIM: SEY), is pleased to provide the following update for the Ntem Concession, offshore Cameroon.

The Ntem Concession has been under force majeure since June 2005 as a result of overlapping maritime border claims by the Republic of Cameroon and the Republic of Equatorial Guinea. The border claims remain unresolved but the joint venture partners, Sterling Cameroon Limited ("Sterling") and Murphy Cameroon Ntem Oil Co., Ltd ("Murphy"), have now agreed, with Société Nationale des Hydrocarbures ("SNH"), the national oil company ofCameroon, to formally lift the declaration of force majeure in order to allow exploration activities to proceed.

The current exploration period (the "First Renewal Period") re-commenced on 22 January 2014 with a minimum work obligation of one exploration well in the remaining 15 months.

The Ntem Concession is a large, undrilled block, in water depths ranging from 400m to 2000m, in the highly prospective southern Douala - Rio Muni Basin, offshore Cameroon. In November 2011, Sterling signed a farm-out agreement with Murphy (a wholly owned subsidiary of Murphy Oil Corporation) under which Murphy was assigned a 50% working interest in, and operatorship of, the Ntem Concession. Sterling retained a 50% non-operated working interest. As part of the consideration for the farmout, Murphy will pay Sterling's share of the costs for drilling the first well.

Murphy has contracted the Ocean Confidence drill ship which is being prepared for mobilisation to the Ntem Concession. The Bamboo-1 well will be the first exploration well drilled on the Concession. It is located in approximately 1600m of water and will drill a series of vertically stacked, Cretaceous aged, submarine fans, defined using the extensive 3D seismic data set that covers more than 70% of the concession area; Sterling estimates that the primary objective may contain mean un-risked, gross prospective resources of 422 million barrels of oil and 170 billion cubic feet of gas, a total of some 450 million barrels of oil equivalent.

The Bamboo #1 well location is outside the disputed area subject to the maritime border claims of Cameroon and Equatorial Guinea.

The Bamboo-1 well is expected to spud in February 2014.

Sterling Energy Plc.'s Executive Chairman, Alastair Beardsall, said:

"We are very pleased to lift force majeure and commence the drilling of an exploration well on the highly prospective Ntem Concession; the Bamboo #1 well will target mean un-risked, gross prospective resource of some 450 million barrels. We are very excited to move forward with an exploration programme on this highly prospective block."


Further information:
Sterling Energy Plc. Tel: [phone]
Alastair Beardsall (Chairman)
Phil Frank (Exploration
Director)
Liberum Capital Limited Tel: [phone]
Clayton Bush
Simon Atkinson
Tim Graham
Peel Hunt LLP Tel: [phone]
Andy Crossley
Richard Crichton

In accordance with the guidelines of the AIM Market of the London Stock Exchange, Dr Philip Frank, Ph.D. Geology, Exploration Director of Sterling Energy Plc, who has been involved in the oil industry for over 30 years, is the qualified person that has reviewed the assessment of resources set out above. The estimate of resources was prepared using the March 2007 SPE/WPC/AAPG/SPEE Petroleum Resources Management System (PRMS) as the standard for classification and reporting.

Further information can be found in Sterling Energy's Investor Presentation which can be viewed on the Company's website at www.sterlingenergyplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

[septimus quaid] 16/1/2014 12:31

Old news? Sterling flopped in Kurdistan pulling out completely.

[jane downs] 16/1/2014 06:12

Barney71255 Aim Market Gossip
Clontarf Energy PLC, 12 companies to launch investment program in Kurdistan

Kurdistan Region is emerging as a market that cannot be ignored by anyone looking for opportunities in the Middle East. Kurdistan is not only rich in natural resources, it has also received over US$30 billion in private investment in non-oil and gas sectors since 2006.
Gulf Keystone Petroleum, Clontarf Energy PLC, Petrel Resources, Circle Oil, San Leon Energy PLC, Kentz Corporation LTD, Petroceltic International, Afren, Heritage Oil PLC, BP, Vallares PLC, Sterling Energy.