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
  +0.025p +0.25% 10.15p 10.00p 10.30p - - - 53,611 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 -1.5 -0.7 - 22

Sterling Energy Share Discussion Threads

Showing 32776 to 32795 of 33075 messages
Chat Pages: 1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  1312  Older
DateSubjectAuthorDiscuss
15/4/2015
20:28
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
16:29
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
14:17
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
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
Chat Pages: 1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  1312  Older
Your Recent History
LSE
SEY
Sterling E..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190719 20:33:03