Peel Hunt - price target to 16p (from 15.50p). [link] Forecast - Peel Hunt issues a broker note on Sterling Energy PLC21 May 2018 | 09:10amStockMarketWire.com - Peel Hunt today reaffirms its add investment rating on Sterling Energy PLC [LON:SEY] and raised its price target to 16p (from 15.50p).Story provided by StockMarketWire.comBroker Forecasts data provided by www.sharesmagazine.co.uk
ZZZZZZZZZZZZzzzzzzzzz ZZZZZZZZZZZZZZZ
A bit dead here Anyone here. Anyone know if anyhing going on here in my £300investment.
Joint Ventures This Company has a poor record when it comes to exploration success and should invest its millions elsewhere instead of throwing down some useless oil non events. They would create more shareholder value by investing in JVs with successful oil producers in the small to medium enterprisers.This BOD have big ideas but small brains when it comes tobusiness.The one oil producing investment they have an interest in has been going downhill for the past Five years and will continue to do so regardless of the excuses for declining production. There are plenty of opportunities out there in what is increasing prices for oil combined with anIncrease in market demand currently so SEY get your act together.We shareholders are loosing patience with paying out good salaries to a BOD that has shownlittle return for shareholders and share value for too many years. Todays News Release proves the point.
RNS Sterling Energy PLC Odewayne, Republic of SomalilandSource: UK Regulatory (RNS & others)TIDMSEYRNS Number : 6613PSterling Energy PLC04 September 20174 September 2017ODEWAYNE, REPUBLIC OF SOMALILANDSterling Energy Plc ("Sterling" or the "Company", the AIM listed oil and gas exploration and production company (AIM: SEY), is pleased to announce that the Government sponsored 2D seismic program of 1,000kms full fold data on the Odewayne Block was completed on the 24(th) August 2017. This part of the campaign satisfies and exceeds the minimum (500km) work obligation for the current third period, for which Sterling is fully carried by Genel for all costs. The Company expects initial processing results in Q4 2017 and will thereafter undertake its own technical evaluation of the data.Sterling Energy Plc's CEO, Eskil Jersing, said:"We are very pleased that this phase of the seismic campaign has completed on time and safely without incident. The initial brute stack 2D data is encouraging and provides the first detailed subsurface view in one of the last untested large frontier rift basins in Africa. We would like to congratulate the Ministry of Energy & Minerals for the successful completion of the acquisition of the first 1,000kms over the Odewayne block." Further information: This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Sterling Energy Plc Tel: +44 20 7405 4133 Eskil Jersing (CEO) Michael Kroupeev (Chairman) Peel Hunt LLP Tel: +44 20 7418 8900 Richard Crichton Ross Allister This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCUOVNRBUAKRAR(END) Dow Jones NewswiresSeptember 04, 2017 020 ET (060 GMT)
Re: FY Finance - over 16% not much - hasn't been for years.
FY Finance - over 16% Wonder what's going on here.
Corporate Presentation Corporate Presentation January 2017 now on the SEY website, bound to make a few chuckle.Including (my favourite) .....Consistent Capital Discipline.LOL
Re: Cash is King Been to Specsavers and see much clearer now. See that it's past time to get out of this doldrum share. Maybe now I've gone it'll start to rise lol.
Re: Cash is King osa' you should have gone to spec savers those £ & $ signs seem to have confused you.
Shake up or shake out Beardsall gone in May and now his replacement at Ceo and 2 more directors gone. Are we getting ready for something big, de listing, takeover or being taken over? Or even shutting up shop and giving us the money lol
Re: Cash is King £92.4 miillion cash, no debt, 220 million shares, equates to 42p per share. Better if they pulled the plug and shared the cash with shareholders
Cash is King and this lot have quite a lot of cash and no debt, I was going to drop these pdq on any spike but will now stop and assess the future prospects depending on the deal done. You never know this dog may yet have its day.
Re: RNS as expected "The company has nearly $100 million cash and has nothing currently to spend it on."Directors salaries, bonuses, free shares etc etc.
RNS as expected Cameroon licence now gone With the extension of the licence period in Somaliland any drilling there put back by two years. Most likely is exit of Somaliland after negative 2D seismic evaluation. So that will just leave Mauritania for exploration drilling in 2017. The company has nearly $100 million cash and has nothing currently to spend it on.DYOR