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Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy LSE:SEY London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.55p 10.10p 11.00p - - - 0 08:00:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.3 -6.7 -3.0 - 23.22

Sterling Energy Share Discussion Threads

Showing 32751 to 32771 of 33025 messages
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DateSubjectAuthorDiscuss
10/3/2015
14:43
And? And there he was - gone
nigthepig
25/2/2015
06:34
Bulls? Don't make me laugh any more it hurts my side.
ringosstar
18/2/2015
10:45
Bulls.com are giving SEY a strong BUY rating today. They are reliable chartists who repeatedly seem to know what they're doing. Find them here https://www.britishbulls.com/SignalList Eric JH
ericjhan
12/2/2015
09:32
yep, NOP is another gravy train...
deanroberthunt
12/2/2015
08:36
Bundles! Another lifestyle company, AIM is full of them!
andy
12/2/2015
07:34
How much are we paying the so called management for losing us money ?
puffin1
11/2/2015
07:43
can't decide which is worse, this or NOP.... both a pile of cack, that couldn't find oil in a chip shop.
deanroberthunt
10/2/2015
10:02
this is just a gravy train for the BOD....
deanroberthunt
10/2/2015
09:12
RNS 2 days running perhaps there is life again after the Directors usual long winter hibernation. Today they have actually spent a little money and invested in an oilfield. Whatever will they do next!
888icb
10/2/2015
08:19
take $2.5m off that number :)
deanroberthunt
09/2/2015
15:39
Depends when the Chenquetti field is finally decommissioned. I'd rather see the field shut-in and put on maintenance now due to the much lower oil price which could extend the decommissioning time to late 2018 - maybe 3.5 years away. I think lifting costs are about $53/b so just about breakeven now at this oil price. "Sterling estimates that at the end of 2013, Chinguetti held a remaining 7.8 million barrels of gross proved and probable reserves (2P) that could be accessed via the existing wells. Sterling's net entitlement to 2P reserves is 559k barrels (2012: 475k barrels). The increase in the 2P reserves recognises an updated production profile and a subsequent revision to the anticipated economic field life from May 2017 to December 2017". http://www.investegate.co.uk/sterling-energy-plc--sey-/rns/annual-financial-report/201403170700134285C/ Decommissioning The Group has obligations in respect of decommissioning in Mauritania. The extent to which a provision is recognised depends on the legal requirements at the date of decommissioning, the estimated costs and timing of the work and the discount rate applied. Decommissioning estimates for the Chinguetti field are based on a range of operator estimates which are periodically reviewed by the operator and the Chinguetti partners. The Company amount of $21.6 million (2012: $21.2 million) represents the amount provided within the Company for future decommissioning expenditure. During the year the economic field life was extended following a review by the operator of decline rate performance. The extension of field life has resulted in an adjustment to the provision during the year of $624k. http://www.sterlingenergyuk.com/pdf/financial-reports/Report%20and%20Financial%20Statements%202013.pdf. Using $100m net cash currently (£1=$1.52)= £65.5m over 220m shares = 29.77p $21.4m of future decommissioning costs = 6.34p/share (2017-18 ?). Still leaves 23.4p cash. I believe that Sterlings free carry interests, even heavily discounted to what they paid/farmed out for make up the difference again and there is an underlying value of 28-30p/share.
zengas
09/2/2015
14:24
Isn't there also a rather chunky decommissioning liability worth about 8p per share though.
hugepants
09/2/2015
14:07
or unless they just waste the cash on more duff wells?
deanroberthunt
09/2/2015
13:51
assets are worth nowt, so it's just the cash.
deanroberthunt
09/2/2015
13:50
maybe the'll just spend it all on bacon buttie sarnies and 6 packs of Tauraus Cider from Aldi?
deanroberthunt
09/2/2015
13:49
$107m as of last record....what's that £69m ....32p ?
deanroberthunt
09/2/2015
13:30
Another 100k (2 x 50k) for me at these prices. 28-30p cash. Nothing in it for the assets/asset carries. Todays RNS has no bearing on the above or current production.
zengas
09/2/2015
13:05
kaos, i think the opportunity is so clear now, just return the cash and say goodbye
paul the octopus
09/2/2015
13:04
hmm, who is opting for the cash then? no brainerisn't it 30-25p cash?
paul the octopus
09/2/2015
12:41
and when shareholders, if they have any left, think things can't get any worse.....they do!! this needs winding up.
deanroberthunt
06/2/2015
08:36
SEY is waiting for an opportunity to strike for years. Did they ever given a criteria so we can judge? This is a time to strike imho
kaos3
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