Sterling Energy losses widen as it progresses Odewayne
18th Sep 2020 11:07
(Sharecast News) - Upstream oil and gas company Sterling Energy reported an adjusted EBITDAX loss of $0.29m (£0.11m) in its first half on Friday, widening from its first half loss of $0.26m a year earlier.
Read moreSterling Energy reduces loss after Chinguetti project exit
27th Jul 2018 09:20
(Sharecast News) - Sterling Energy reported a narrowed first half losses but saw revenues take a hit from the divestment of the loss-making Chinguetti project in Mauritania.
Read moreSterling Energy appoints chairman, two directors
20th Jan 2017 15:18
(ShareCast News) - Oil and gas exploration company Sterling Energy has named Michael Kroupeev as non-executive chairman, with immediate effect. It also confirmed that Leo Koot would become senior independent non-executive director, and that Ilya Belyaev would become a non-executive director. At 15:
Read moreSterling Energy posts Q3 loss; involved in talks on new transactions
14th Nov 2016 10:28
(ShareCast News) - AIM-listed Sterling Energy said it had posted a third quarter loss before interest, tax, depreciation and exploration expense of $0.9m compared with a $2.1m loss a year earlier. Revenue was slightly higher at $1.5m compared with $1.4m in 2015. Production, net to the company (incl
Read moreOil price sees volumes, earnings shrink at Sterling Energy
25th Apr 2016 11:02
(ShareCast News) - Sterling Energy was bearing the brunt of the oil glut in its first quarter, reporting much lower production and earnings in an interim management statement on Monday. The AIM-traded company reported net production to the company from the Chinguetti field averaging 106 barrels of o
Read moreSterling Energy receives contract extension from Somaliland government
29th May 2014 07:52
AIM-listed oil and gas exploration company Sterling Energy has received a two-year extension from the Somaliland government for its Odewayne production sharing contract (PSC). The Republic of Somaliland has established an Oilfield Protection Unit (OPU), which is expected to provide the level of sec
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreSterling Energy drops after well failure on Ntem concession
8th Apr 2014 08:26
Sterling Energy, an AIM-listed exploration company, sparked a swift decline in its share price on Tuesday after announcing the Ntem concession, offshore Cameroon would be plugged and abandoned after it failed to find commercial hydrocarbons. Data from Bamboo-1, which was the first exploration well
Read moreSterling Energy signs farm-out deal for Madagascan block
1st Nov 2013 12:51
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
Read moreSterling Energy Mauritania output falls but makes Q3 profit
24th Oct 2013 07:52
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
Read moreSterling Energy posts fall in first quarter profits
19th Apr 2013 15:20
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
Read moreSterling Energy unveils annual loss
18th Mar 2013 08:02
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
Read moreSterling Energy withdraws from Sangaw North PSC in Kurdistan
1st Feb 2013 08:45
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 -
Read moreSterling Energy sees profits, production slip
23rd Jul 2012 13:42
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
Read morePremier Foods director spoons up more shares
11th Nov 2011 10:43
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
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