Sterling Green Share Discussion Threads

[345654] 14/5/2012 15:49

Bad move topinfo !

Vendors have their cheap stock, almost 80% below current offer, a lot of them will take quick profits, can buy 2.5 million online, will get lower before it goes higher, most vendors sell for quick profit.

[topinfo] 14/5/2012 15:41

Mr Dross where do you see this going from here as the story gets around about this deal and new company and new board with huge experience in building massive shareholder value.

[mr_dross] 14/5/2012 15:34

buys outweigh sells 2 - 1

[topinfo] 14/5/2012 15:24

I like the words Significant Shareholder value in todays Rns so hence I had some down here today. Can see this being one of those mad silly ones over next few days and I think there will be some decent money to be made here with the fact who is now on board and what he did at Cove.


Michael Edelson, Chairman of Sterling Green, commented:

"I am very pleased to announce this significant transaction and change in strategy, which I believe will benefit existing shareholders in Sterling Green, as the proposed enlarged business looks to deliver value through oil and gas exploration utilising Fastnet's existing portfolio of assets and leveraging the experience and contacts amongst the proposed new Directors and advisers. I look forward to continuing to serve the business and have great confidence in the future of Fastnet."

Steve Staley, CEO of Fastnet, commented:

"The proposition which Fastnet poses to existing shareholders in Sterling Green and new potential shareholders is extremely exciting; through a combination of management's extensive experience and successful track record and the opportunities presented by our current and future portfolio; we are looking to build a successful E&P business, to deliver significant shareholder value and take advantage of the significant opportunities which we see in Ireland and North and East Africa."

For further information, please contact:

[comedy] 14/5/2012 13:52

selling at 11p?:)

[ukmassy] 14/5/2012 12:55

Where's Bricktytoon today? LOL !

[comedy] 14/5/2012 11:15

knocked out 100k this morning at 0.62p i think ...will keep reamaining 450k...as a medium term will be quids in...just reduces my overall buy price

[tomboyb] 14/5/2012 10:13

Timing on L2 suggests a buy - But MMs can delay trades to look like buys or sells -

[tomboyb] 14/5/2012 10:08

Cove chief backs new Aim oil explorer
By Michael Kavanagh
John Craven, chief executive of Cove Energy which has recommended a £1.1bn takeover by Royal Dutch Shell, has emerged as backer of a new Aim-quoted oil explorer.
Steve Staley, a non-executive director of Cove Energy and proposed chief executive of the new venture, confirmed that Mr Craven would be a shareholder and sit on the advisory board of Fastnet Oil and Gas, being created out of a reverse takeover of Dublin-based Terra Energy by cash shell Sterling Green.

Mr Craven will not sit on Fastnet's main board. However, Michael Nolan, Cove's finance director, is a proposed non-executive director of Fastnet.
The company has also recruited Michael Edelson, non-executive director of Manchester United whose reputation of helping create numerous cash shell companies brought to the Aim and Plus markets in London has earned him the nickname of "The Shellmeister".
Both Mr Craven and Mr Staley are in the final stages of closing a sale of the African-focused oil and gas group, whose main asset of a 8.5 per cent stake in a gas field off Mozambique was acquired for a headline price of just over $3m in 2009, following a protracted auction.
But in spite of the overlap of people involved, Mr Staley said: "We are not Cove Mark II."
The company, which is raising an initial £10m at 11p a share from institutions and individuals, has made securing exploration acreage in the Irish section of the Celtic Sea its first priority.
According to Mr Staley, Fastnet hopes to secure blocks off Ireland's southern coast in the Fastnet, Molly Malone and Mizzen basins and conduct further seismic exploration and appraisal work, following recent drilling success in the region by fellow Aim-quoted Providence Resources.
But he confirmed that Fastnet would also be aiming to exploit the expertise of its board and advisers in targeting exploration projects in east and north Africa.
Mr Edelson said he expected investors in the venture to profit from "leveraging the experience and contacts amongst the proposed new directors and advisers".
A proposed sale of Cove Energy appeared to move a step closer last week after the Mozambican government confirmed its approval for a sale to Shell. Uncertainty over the amount of tax that might be payable to Mozambique on the sale of its 8.5 per cent stake in a field operated by Anadarko Petroleum had prompted an effective suspension of the competitive auction in March.
A counter-bid to Shell's original offer of just under £1bn made by Thailand's PPT Exploration in February prompted Shell to raise its offer to £1.1bn in April. Though it has been recommended by the Cove board, PPT has reserved its right to made a further approach.

[liquid millionaire] 14/5/2012 10:07

Actually looks like 1M sale at SGG tomboyb

[tomboyb] 14/5/2012 09:54

Those sells could be a bit hasty - 1mill buy with 500K on offer full quote -

[tomboyb] 14/5/2012 09:01

It also looks like the ticker has not been updated in many broker accounts yet -

[tomboyb] 14/5/2012 08:35

Morning chaps - I'm holding onto this one - Placing disappointing? yes but prospects do look good for the medium termer - Cove energy management here -

[liquid millionaire] 14/5/2012 08:06

TOPINFO
14 May'12 - 07:47 - 101378 of 101389


Cheers I thought I was correct SGG, I saw some thought it was going to be 11p with no consolidation on SGG thread, so it fact 0.28p versus 0.6p suspension price. Sorry to hear the Comedy mate. One day though you will be a Liquid Millionaire!

[solarno lopez] 14/5/2012 08:05

is there an opening price

[ukmassy] 14/5/2012 07:33

Well guys, we're back today! What do you all think?

[bricktycoon] 08/5/2012 21:49

The cove team will send this soaring buy buy buy I believe that sgg holders have hit the jackpot. 11 p if it is the price without consolidation is a massive premium but why not this will multi bagg ten fold anyway because of te cove team pointing us towards billion of barrels in Africa gla

[tomboyb] 08/5/2012 21:33

It does - however if its 11p that would mean a 10 for 1 consolidation - still at a premium. Mind u reminds me of PMG with Tom Cross and SGG with the COVE management -

[comedy] 08/5/2012 21:27

tom 11p sounds better mate...we can but dream...gives me £50k odd:)

[tomboyb] 08/5/2012 21:23

You mean 1.1p?

[bricktycoon] 08/5/2012 21:23

I've heard 11 p is the placing price hopefully I will keep all my sgg shares and are just converted into fastnet which would net me 17000 profit gla anyone have any ideas