Sterling Energy Share Discussion Threads

[septimus quaid] 02/8/2016 20:46

Maybe they are waiting to fully decommission Chinguetti, and discharge all their liabilities, before dissolving the company and returning the remaining cash to shareholders?

[optomistic] 02/8/2016 14:37

Has SEY actually ever drilled a producing well? I've been in these a long (costly) time and not heard of a producer :-/

[888icb] 02/8/2016 14:24

SEY up 5% whatever next! Perhaps all the cash they are sitting on is in US$ and hence in sterling terms the value of the company has gone up.That seems the most likely explanation as the Directors have been asleep for several years now based on the total lack of activity.

[888icb] 14/7/2016 17:25

UP 18% on volume of 180000. This share could double to 32p and still not have a market cap equal to its cash as at April 16.

[gozo] 13/7/2016 15:03

Yep not sure...falling on apparently small volume...will carry on watching from the sidelines.Lost a packet on this in the past so once bitten and all that!

[888icb] 13/7/2016 14:18

SP falling what have the useless sods not done with our cash pile this month.

[septimus quaid] 11/5/2016 07:24

Congrats on your retirement Mr Beardsall. Six years with your snout in the trough overseeing a massive destruction in shareholder value. Also more appointments with zillions of years in the oil industry, aka clubby gravy trainers. SEY don't need experienced people they need lucky people. Plus this "Relationship Agreement", a euphemism for financial shenanigans which no doubt will require some form of "corporate restructuring" thereby casting the remaining PIs into oblivion (along with our what's left of our cash).

[888icb] 03/5/2016 12:49

One trade of 11848 shares has moved it up 11.5%. Have there been signs of life. Perhaps the Directors have come out of hibernation and someone has seen them turn the lights on in the expensive London Offices!

[surfer2] 29/4/2016 05:37

don't hold anymore but surely they can put 100million USD to better use than just thebank in the biggest oil crash in decades.

[optomistic] 28/4/2016 10:45

Re Ambilobe withdrawal... " we have made the disciplined decision to exit, focusing on shorter cycle revenue generating assets." ...and I do wonder what they might be :-/

[888icb] 27/4/2016 16:44

Cash in the Bank from the Interims is £65.43 Million but the Market Cap is only £36.31 Million. The shares could virtually double and be fully supported by cash. This attaches no value for its assets.The disgraceful inaction of the directors continues.

[datait] 26/4/2016 05:28

hTtp://www.ukogplc.com/ul/UKOG%20MASTER%20INVESTOR.pdf

[puffin1] 20/4/2016 15:26

Second that, why in these times can they not put together a deal for SEY ?

[888icb] 17/4/2016 23:16

Just to put the scale of the directors failings into context SEY has a market cap of £36.5 million but it has cash in the bank of £69 million. Essentially its market cap is covered twice by cash and it has some assets. This has been the case for years and in my opinion it is disgraceful that directors can remain in office in such circumstances. If they can't invest it they should return it to the shareholders.

[888icb] 17/4/2016 23:01

It has had a small move north in the last couple of days. Spring has arrived and perhaps this year the directors will come out of hibernation and actually do something other than collect their totally unearned salaries. Based on the last several years don't hold your breath!

[septimus quaid] 13/4/2016 17:37

Somethin' stirin'?

[optomistic] 06/4/2016 12:22

7mill buy and possibly 6.8mill as well.

[billy two cocks] 06/4/2016 12:09

Biggest volume for a good while.

[optomistic] 23/3/2016 10:59

Buyers this morning!!!