Share Name Share Symbol Market Type Share ISIN Share Description
Sterling Energy Plc 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
  0.00 0.0% 8.90 8.75 10.00 0.00 0.00 - 0.00 08:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 -1.5 -0.7 - 20

Sterling Energy Share Discussion Threads

Showing 32776 to 32793 of 33100 messages
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DateSubjectAuthorDiscuss
27/4/2015
23:41
Komsos has announced a major gas find in Mauritania in an offshore block not far from the Sterling block. Perhaps someone can comment on whether this is likely to benefit Sterling. We could certainly do with some good news.
888icb
27/4/2015
08:39
What are the chances of oil being present or signs of COMMERCIAL find 1000--1 ?
puffin1
16/4/2015
07:39
Septimus That makes me feel better - I only need a 9 bagger.
storming norm
16/4/2015
05:26
Things started to go badly wrong for Sterling's investors in Spring 2006 when the much vaunted Chinguetti oilfield, in offshore Mauritania, failed to deliver its promised 30k BOPD. There have been a string of disappointments since, Thunderstud, Kurdistan, etc. Chinguetti aside, the rest was just share investment punterism: raise some capital, do some geophysics, farm out, drill a well or two, until: a) they (we) get lucky, or b) the cash runs out All seemingly in areas with big geo-political risks. I would need a 12 bagger from here just to break even.
septimus quaid
15/4/2015
19:28
You are ignoring current liabilities of $17M. There's also inventory and trade receivables of $5.5M. Netting that off takes 3.5p per share off your total. I think another reason for the current share price is SEY has a drilling commitment that isn't all that attractive re risk/reward. See posts #5865 and #5866 by ghhghh. After drilling there may be only $50M left.
hugepants
15/4/2015
15:29
Small amount of net oil production might be loss making but with $108m cash and no debt at the end of December (Decommissioning costs about $22m and possibly maybe 2 years out). Using $105m cash at current exchange rates equates to £71m over 220m shares = 32.29p cash per share. Setting aside $22m for decommissioning would be 6.8p. That might not be required for 2 years. If the field was shut-in and put on care and maintenance, it could delay decommissioning by another year - 18 months, putting it 3 years down the road. There's 32.29p cash now (Circa 25p+ after any decommissioning). Would love to see some of this cash put to use or someone like T5 on the acquisition trail come along and do a deal with SEY if SEY don't pick up any other asset. Absolutely no value attributed to the assets it does hold.
zengas
15/4/2015
13:17
net cash outflow + a loss 57 USD/ dollar producing costs makes it loss making atm
odvod
23/3/2015
09:59
more mouths to feed on the board . Hope this one brings Oil to the table not dry holes !
puffin1
16/3/2015
10:28
yippee one of the movers of the day on volume of 50 sterling
doohoma3
11/3/2015
07:23
Took a salary
ringosstar
10/3/2015
14:47
And....what did he do?
optomistic
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
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