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Started: rifteastafrica, 5 May 2021 09:39
Last post: happysparrow, 5 May 2021 10:01
I was going to repaste my post onto the new bb.
Would prefer it if rift and Sr123 took the honours and posted something there first.
Mouth watering to think after one or two acquisitions of IOC late stage assets , where this mcap will be .
Started: rifteastafrica, 5 May 2021 09:44
Last post: rifteastafrica, 5 May 2021 09:44
Another Tullow Appointment who no doubt will be buying shares in the market . This former Tullow team must be chomping at the bit to get going without the shackles of Tullow development problems in Kenya and Uganda or massive indebtedness .
Leverage can be very profitable for shareholders when used at the right time , combined with equity so clean slate , ex Tullow McDade , Cloke and Duelina . All the best !
Aren't we very close to getting our timing wrong. We are now it seems coming out of desperate times for the sector and that was recognised by the BoD who saw it as an opportune time to make an acquisition. Yet there is now talk of a commodity super cycle. If that is to be the case then the boat may well be sailing without us................ if indeed it was our intention of ever getting on it?
Big write up in todays FT.
Started: rifteastafrica, 30 Apr 2021 14:37
Last post: rifteastafrica, 30 Apr 2021 22:52
interesting he had a long chat with but not one of his CEO interviews - possibly on hold untl they confirm a deal
WOW! Malcy had long chat with McDade.
"I had a long chat with Paul earlier I’m excited about opportunities and his board is absolutely top notch."
Must have given some flavour as to what opportunities they're looking at
TICK ******* TOCK!
https://twitter.com/mgrahamwood/status/1388100767823892482?s=20
Started: rifteastafrica, 30 Apr 2021 12:13
Last post: SR123, 30 Apr 2021 12:25
no opportunity given. Malcy is going to do an interview today apparently
All resolutions (name change and new articles) passed.
Not much on operations - Company intends to grow through ACQUISITIONS to achieve SCALE and reflect its new African Energy Transition Strategy
Mentioned
Started: rifteastafrica, 30 Apr 2021 11:35
Last post: Jollifant, 30 Apr 2021 12:11
That was an exciting 10 minutes! Two resolutions, both passed, some pleasant music.
As expected, a typical AGM. Obviously any share sensitive news would first have to be released by RNS. A waiting game for that red dot to appear.
https://webcast.openbriefing.com/sterlingenergy-21/player/?player_id=43034
Just register your e-mail guys
Started: rifteastafrica, 30 Apr 2021 11:11
Last post: rifteastafrica, 30 Apr 2021 11:11
It seems Sterling have kindly removed the IVC requirement (but i cannot be sure until the thing starts, - but the IVC code thing is gone) Just go here and register
https://webcast.openbriefing.com/sterlingenergy-21/
Started: rifteastafrica, 29 Apr 2021 15:04
Last post: rifteastafrica, 29 Apr 2021 15:04
Perfect time to do a MAJORS African Energy Transition deal me thinks. $75 Brent would tip into a sellers market but clearly a buyers market still
Started: WhirlawStones, 29 Apr 2021 09:17
Last post: WhirlawStones, 29 Apr 2021 09:17
Keeping an eye on this one as looks like an exciting prospect. Who knows how long the first deal will take. I have a stake in Longboat Energy and we've been waiting 18 months. Longboat are currently trading at about £0.75m premium to cash (£8.25m market cap vs approx £7.5m in bank), whereas Sterling appear to be trading at about £6 million premium to cash, if my calcs are right (£36m market cap vs £30m in bank).
Just giving some perspective here. I continue to watch, and will look to buy in if and when sp gets closer to cash in bank.
Started: rifteastafrica, 28 Apr 2021 16:17
Last post: rifteastafrica, 28 Apr 2021 16:17
Hadron's selling is a gift to those who were watching on the sidelines. On 21 april they announced that on 20 April they crossed to 4.92% . Every 1% down until 3% they must disclose. Next disclose is 4% which assuming 85% of the trades since 21 April have been them, brings them within a day of their next disclose i reckon.
Started: norfolkslim, 28 Apr 2021 15:47
Last post: rifteastafrica, 28 Apr 2021 15:52
The action hasn't even started here yet Norfolkslim.
A DEAL will double the share price at least
I’ve just doubled my holding. Happy to sit on them and reap the rewards of patience in due course. ??
Started: rifteastafrica, 28 Apr 2021 11:07
Last post: Jollifant, 28 Apr 2021 14:06
That's a lot more than i am making so far! They probably have millions left to sell should they wish although presumably they would stop at the 15p level. Perhaps the AGM will bring some news.
Definitely Hadron. Not sure why they're selling, only making 13 % at these levels
Rites Try 16.48
Bought one more tranche
News at AGM hopefully
Hadron still selling maybe?
Cannot believe theres share on the ask at 17.00. Something's got to give. Virtually a cash shell except the former Tullow CEO and EVP runs it
Started: rifteastafrica, 27 Apr 2021 12:19
Last post: rifteastafrica, 27 Apr 2021 12:19
General Meeting of the Company to be held at 11.00
a.m. on 30 April 2021
https://webcast.openbriefing.com/sterlingenergy-21/
Started: rifteastafrica, 27 Apr 2021 11:24
Last post: rifteastafrica, 27 Apr 2021 11:24
Got more at 16.70 and 17.00 this morning
Started: arsenal58, 23 Apr 2021 18:05
Last post: arsenal58, 23 Apr 2021 18:05
Need to get therearse in gear
Hadron selling need to bolster VOG
SEY have turned it down you would think
Started: rifteastafrica, 22 Apr 2021 12:25
Last post: rifteastafrica, 23 Apr 2021 17:54
Not yet . I only have one question for them! When is THE DEAL!
If Shareholders have any questions, they are invited to submit them by email to
info@sterlingenergyuk.com by 11.00 a.m. on 28 April 2021 quoting their unique shareholder reference
number/CREST ID and the Board will answer relevant questions via email.
Started: rifteastafrica, 21 Apr 2021 16:05
Last post: SR123, 22 Apr 2021 11:45
Hi guys. Morgan Stanley 9m shares? Athos Capital surely?
Yes, definitely very interesting developments here. I'm currently sitting on the sidelines; will probably wait to see what deal transpires first (and when). Agreed, Hadron could well be holding the price back for now - will need to see if they continue to sell before dipping my toe in here. Perhaps I'm too cautious and will miss the boat. Who knows.
GLA
Thanks, SR123 - so it's back to Rift's 'so 15% in 2 months is a return they'd probably like to top slice or fully slice, if they're not around for the big production deal' - in other words, they are perhaps closing their investment here?
I make that about £450,000 reduction in holding.
As a major shareholder in both SEY and VOG, Hadron Capital recently lent VOG £1.25m, in exchange for 6p warrants (they couldn't buy in the market without pushing the VOG share price sky-high). Now cutting holdings elsewhere in order to pay out loan monies?
Hadron would have taken some of Kroupeev's shares at 15p so 15% in 2 months is a return they'd probably like to top slice or fully slice, if they're not around for the big production deal
Started: rifteastafrica, 19 Apr 2021 14:14
Last post: Jollifant, 19 Apr 2021 14:50
On HL can buy up to 150k of shares at 17.77p. Can buy more but the price rises to over 18p. So not sure how many you want and at what price?
I've tried decent order points but the bots keep moving the bid price :-(
Started: rifteastafrica, 15 Apr 2021 10:55
Last post: rifteastafrica, 15 Apr 2021 10:55
Page 6 of 12 of Notice of General Meeting
https://www.sterlingenergyuk.com/investor-publications
As the business looks to move forward with new management and a refreshed strategy built around
achieving scale through the acquisition of production assets and discovered resources resulting from
the accelerating energy transition in West Africa, where the company has extensive operational
experience. The Board believes that changing Sterling Energy’s name will allow it to differentiate its
proposition and establish a new identity that is both appropriate of its business model, whilst being
relevant to its area of focus.
On the above basis, the Board is proposing to change the name of the Company to: Afentra plc: ‘Af-entra’ – African Energy Transition.
The formal relaunch of the Company is expected to occur on or around
4 May
Started: rifteastafrica, 13 Apr 2021 23:02
Last post: SR123, 14 Apr 2021 22:35
Yes Maverick and McDade IS interested in oil. Ian Cloke posted on linkedin that they wanted to be the partner of choice for the major oil companies and governments in West Africa where Major oil companies are offloading their assets in the Energy Transition
Hence the name AFENTRA (African Energy Transiation)
McDade MUST know what assets he likes from his time in Tullow who would have partnered with Majors a lot in West Africa
Andrew Austion of Kistos has already said that he isnt interested in Oil, only Gas and New Energy, so i doubt that there would be any merger with SEY & KIST
Yes normally Mid April for results
Seems kind of lazy to cut and paste from a Kistos document!
Also, the new name is a bit too close to Afren for my liking.....
Still, am watching this story with interest, with a view to jumping on board at some point, possibly, as long as they don't take on Osman Shahenshah
Annual results usually around middle of april so due any day anyone enlighten me?
Started: rifteastafrica, 14 Apr 2021 12:40
Last post: vizhy, 14 Apr 2021 17:10
At this rate it could buy UOG at MCAP of £30m odd and join the ex tullow board up back up for a re run!!!
http://www.sterlingenergyplc.com/
On the above basis, the Board is proposing to change the name of the Company to: Afentra plc: ‘Af-entra’ – African Energy Transition. The formal relaunch of the Company is expected to occur on or around
4 May.
Started: rifteastafrica, 14 Apr 2021 12:51
Last post: rifteastafrica, 14 Apr 2021 12:51
If Shareholders have any questions, they are invited to submit them by email to
info@sterlingenergyuk.com by 11.00 a.m. on 28 April 2021 quoting their unique shareholder reference
number/CREST ID and the Board will answer relevant questions via email.
Started: rifteastafrica, 14 Apr 2021 12:32
Last post: rifteastafrica, 14 Apr 2021 12:32
MMs shaking the tree today before the mark the price up again
Last post: donmac101, 13 Apr 2021 17:44
Jist bought a wad this afternoon good timing one could say.Was here years ago so bin keeping an eye on it.Lets see what the next few months bring.