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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
  -0.05p -0.46% 10.90p 10.90p 11.00p 10.90p 10.90p 10.90p 76,763 08:49:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 -1.5 -0.7 - 23.99

Sterling Energy Share Discussion Threads

Showing 32801 to 32817 of 33075 messages
Chat Pages: 1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  1312  Older
DateSubjectAuthorDiscuss
09/5/2015
20:29
Took a look back at my records...dangerous thing to do :-/ .... 5.15 break even! Do I remember right that a Russian outfit had taken a large stake? if so how did they manage to get them to do that as well as us idiots?
optomistic
09/5/2015
17:31
Xiggly cut your losses now mate. Trust me, you will feel better after.
asturius101
09/5/2015
16:26
Doubled my money on paper between '04 and '06 here.... got carried away with enthusiasm and failed to realise anything. Now just 2% left! Perhaps we should start a class action claiming the directors run a Ponzi Scheme... except it would fail because nothing has ever been paid out!!
dave-w
09/5/2015
09:24
xiggly, I've not been in quite 10 years but long enough to lose most of the value of my 'investment' I had hoped when they were drilling in Kurdistan (I think that was the place where the last big drill was) after that went sour I'm afraid I can see very little chance of getting any serious cash back from SEY. So as the directors as you say continue on their gravy train we as shareholders will just have to grin and bear it because there is absolutely nothing we can do but keep our finger crossed for a miracle to happen. More than likely it will be when some workman is digging a hole for a new dunny all of a sudden he will be propelled into the air with a massive oil spout erupting from beneath his feet! ;-)))))
optomistic
08/5/2015
20:18
appropriate post xiggly !!
optomistic
08/5/2015
13:20
don't hold your breath !
puffin1
08/5/2015
12:27
How long before a drill will turn here? Years? cheers NR
nick rubens
04/5/2015
21:43
I hold Petrel Resources. They are indeed 3.125p to buy but I certainly will NOT be buying any further shares. If you want a punt then at this price go ahead but you are just as likely to lose your money then make any money! I sold Petrel at £1.30 per share 7 years ago when they were talking about all manner of exciting projects. The market has revalued the company based on where they stand today. That is why the market cap is so low.
vitec
28/4/2015
00:41
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
09:39
What are the chances of oil being present or signs of COMMERCIAL find 1000--1 ?
puffin1
16/4/2015
08:39
Septimus That makes me feel better - I only need a 9 bagger.
storming norm
16/4/2015
06:26
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
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
Chat Pages: 1323  1322  1321  1320  1319  1318  1317  1316  1315  1314  1313  1312  Older
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