Sterling Energy Share Discussion Threads

[888icb] 09/4/2014 14:21

The fall yesterday was overdone. At this level your investment is backed by the cash. Its a bit like buying a lottery ticket on oil exploration .If oil is struck you win the jackpot but if its a duster you get your stake back or leave it on for the next drill.

[alnorton2] 09/4/2014 14:09

they are still around with $120 million cash and some explo assets for free.

[davehome] 08/4/2014 21:45

Sharecropper, I fully understand that statement and unfortunately am in a similar boat

[sharegroper] 08/4/2014 21:39

I'm stuck with these, they're as much use as a book of green shield stamps!
Bought into these pre FOG at the equivalent of £4.40 and that was a bargain they went up to an equivalent £13.60.
Then Mauritania stopped flowing,and the price never really recovered, they are jinxed, why am I still in, I'm ever the optimist.😂

[alnorton2] 08/4/2014 19:43

Sharegropper, they can have mine for 55

[bobobob5] 08/4/2014 17:40

The positive thing is that the board were wise enough to manage the risks by farming-down the acreage. Had they not done that, the company would be worthless by now. The risks on this sort of wildcatting are enormous.

[alnorton2] 08/4/2014 16:50

Is it a bit overdone? Cash should be at 33 p. right now.

Market probably is now aware that Murphy should drill another well. It is two wells farmout.

[buywell2] 08/4/2014 13:53

33p restest anyone ?

[deanroberthunt] 08/4/2014 12:14

someone contact BP and get em to charity donate a few barrels of Oil to Sterling...that's the only way they'll ever see any......or maybe these should go into construction as pilers....

[puffin1] 08/4/2014 10:03

same story !

[bomfin] 08/4/2014 09:05

Are these worth buying. Is Tapendar being drilled at present?

[sharegroper] 08/4/2014 09:02

Only at the dentist lol

[the count of monte_cristo] 08/4/2014 08:54

Have SEY ever actually been successful with the drill bit?

[hectorp] 08/4/2014 08:45

Dear old SEY, dissappointing again.

[chesty1] 08/4/2014 08:38

Back to being priced at cash in the bank, whatever that is now....

[chesty1] 08/4/2014 08:36

Good job most of my oil money is in HAWK, have held these for bloody years & has never really given me anything to cheer...

One rodders you never know..zzzzzzzzzzzzzzzzzzzzzzzzzzz

[odvod] 08/4/2014 08:31

It confirms that one has only so much luck despite knowledge, money, experience.One is not constantly lucky in this business.

[mick] 08/4/2014 08:31

By the way, looking at the share price performance over the last month it's clear that this was a 'leaky' well. Those in the know were given the opportunity to exit before the bad news.

[sharegroper] 08/4/2014 08:29

Dry hole AGAIN, WHY DON'T THEY JUST CALL IT A DAY, AND LIQUIDATE SHAREHOLDERS CASH
FÛUUUUUUUUUII%%%%%
SG 1

[mick] 08/4/2014 08:29

But no near term value creation activities in the short term. Ntem was the most convincing prospect so I guess it is likely that SEY will languish for a number of months at least.

[888icb] 08/4/2014 08:25

Clearly disappointing that the drill has not found oil. The positive is that this was at no cost to Sterling as Murphy paid all the costs.sterling are still sitting on their large cash pile as we await further developments.

[daveelectec] 08/4/2014 08:11

Ouch, what happened here ?