SEY.L Share News (SEY)

Sterling Energy Increases Stake In Odewayne Block, Somaliland, To 25%

Sterling Energy Subsidiary Completes Farm-In Deal In Somaliland

Sterling Energy Signs Farmout Agreement With Pura Vida Mauritius

Sterling Energy signs farm-out deal for Madagascan block

Sterling Energy, the AIM-listed independent oil and gas exploration and production company has signed a farm-out agreement for the production sharing contract (PSC) of the Ambilobe block, located offshore Madagascar, with Pura Vida Mauritius. Sterling currently holds a 100% interest in, and is the

Sterling Energy Buys 10% Interest In Odewayne Block In Somaliland

Sterling Energy Swings To Profit On Cargo Sale

Sterling Energy Mauritania output falls but makes Q3 profit

African oil and gas explorer Sterling Energy announced lower third quarter production from its Chinguetti field in Mauritania but said it had still swung into profit for the period. Production net to the group from Chinguetti averaged 527 barrels of oil per day against 569 a year ago. It said the

Sterling Energy posts fall in first quarter profits

Sterling Energy reported a fall in first quarter profits Friday reflecting a drop in revenues from oil lifted from the Chinguetti field in Mauritania, lower prices and higher operating costs. Profit after tax in the first three months of the year came to $0.1m, down from $3.1m a year earlier. Adju

Sterling Energy unveils annual loss

Oil and gas company Sterling Energy posted an annual loss on Monday following a drop in production and impairment from the termination of its Sangaw North block in Kurdistan. The group reported a loss of £12.9m for 2012, compared to a profit of $18.4m the previous year. Sterling Energy was hit by

Sterling Energy withdraws from Sangaw North PSC in Kurdistan

Sterling Energy announced Friday its decision to withdraw from the Sangaw North PSC oil field in Kurdistan after 2D seismic data indicated the remaining potential was insufficient to justify drilling a second exploration well. The oil company - focused on operations in Africa and the Middle East -

Sterling Energy sees profits, production slip

Oil and gas group Sterling Energy may have reported a strong increase in turnover in the first half, but profits and average production were lower than same period the year before, weighing on the share price on Monday. Revenue totalled $14.0m in the six months to June 30th, up from $9.5m previousl

Premier Foods director spoons up more shares

Bob Spooner, group operations director of Premier Foods, has served himself £13,350 worth of shares, just days after the struggling firm was given a bit of breathing space by its bankers. The bankers have agreed to defer the company's end-of-year loan covenant tests by three months, in a move which

UPDATE: Thursday broker round-up

Tate & Lyle: Panmure Gordon raises target from 615p to 645p, keeps hold rating. Marks&Spencer: Credit Suisse cuts target to 345p from 390p, stays at neutral. Next: UBS ups target from 2,600p to 2,800p, buy recommendation unchanged. St. James's Place: UBS downgrades from buy to neutral, target red

Sterling third quarter disappoints

Oil and gas firm Sterling Energy saw lower earnings and revenues in the third quarter. Revenue for the quarter fell to $2.87m (2010 Q3: $6.18m) although production equalled that of the corresponding period at an average 622 barrels of oil per day (bopd) (2010 Q3: 21 bopd). Earnings before intere

London close: Flat finish as Carnival and Imperial warn on profits

Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it