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Last 14.63 GBp
Change Today -0.375 / -2.50%
Volume 8.9K
SEY On Other Exchanges
Symbol
Exchange
Frankfurt
OTC US
As of 11:35 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sterling energy plc (SEY) Snapshot

Open
14.63 GBp
Previous Close
15.00 GBp
Day High
14.63 GBp
Day Low
14.63 GBp
52 Week High
09/1/14 - 27.25 GBp
52 Week Low
08/27/15 - 14.25 GBp
Market Cap
32.2M
Average Volume 10 Days
204.3K
EPS TTM
-0.07 GBp
Shares Outstanding
220.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STERLING ENERGY PLC (SEY)

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sterling energy plc (SEY) Details

Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas company in Africa. It has interests in various exploration projects in Cameroon, Somaliland, Madagascar, and Mauritania; and a production project in Mauritania. The company was incorporated in 1983 and is headquartered in London, the United Kingdom.

14 Employees
Last Reported Date: 03/27/15
Founded in 1983

sterling energy plc (SEY) Top Compensated Officers

Executive Chairman
Total Annual Compensation: 212.7K GBP
Compensation as of Fiscal Year 2014.

sterling energy plc (SEY) Key Developments

Sterling Energy plc Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2015

Sterling Energy plc announced unaudited consolidated earnings and production results for the six months ended June 30, 2015. For the period, the company reported revenue of $3,588,000 against $9,104,000 a year ago. Loss from operations was $1,288,000 against profit from operations $1,960,000 a year ago. Loss before tax was $1,451,000 against profit before tax of $1,678,000 a year ago. Loss from continuing operations was $1,451,000 or 0.66 cents per basic and diluted share against profit for the year from continuing operations of $1,678,000 or 0.76 cents per basic and diluted share a year ago. Loss attributable to the owners of the parent was $1,451,000 or 0.66 cents per basic and diluted share against profit of $1,678,000 or 0.66 cents per basic and diluted share a year ago. Net cash flow from operating activities was $4,707,000 against $3,185,000 a year ago. Purchase of property, plant and equipment was $11,000 against $37,000 a year ago. Exploration and evaluation costs were $756,000 against $13,277,000 a year ago. Adjusted EBITDAX loss was $1.5 million against adjusted EBITDAX of $4.7 million a year ago. For the six months, the company reported net entitlement from production of averaged 358 bopd compared to 436 bopd a year ago.

Sterling Energy plc Provides an Update on Operations in the Ambilobe Block, Located Offshore Madagascar

Sterling Energy plc provided an update on operations in the Ambilobe Block, located offshore Madagascar. Sterling, the operator of the Ambilobe Production Sharing Contract (“PSC”), has completed a 3D seismic survey of approximately 1,100 km² over a high-graded portion of the Ambilobe Block. The acquisition was undertaken by CGG Services SA, on behalf of the Ambilobe joint venture partners Sterling and Pura Vida Mauritius (Pura Vida). The 3D survey was acquired on time and on budget. Processing of the data will commence shortly to a pre-stack depth migration cube. Intermediary products will be available during the second half of 2015, allowing early interpretation with the final processed data, which is expected to be completed in first quarter of 2016. The Ambilobe PSC, awarded in 2004, is in Phase 2 of the Exploration Period with all minimum work commitments for the current phase completed. In December 2013, Sterling completed a farm-out agreement with Pura Vida under which all costs associated with the acquisition of the discretionary 3D seismic programme were carried by Pura Vida. Sterling expects that the carry will cover all the costs of the 3D seismic survey. Sterling and Pura Vida each hold a 50% interest in the Ambilobe Block.

Sterling Energy plc Announces Unaudited Earnings Results for the First Quarter Ended 31 March 2015

Sterling Energy plc announced unaudited earnings results for the first quarter ended 31 March 2015. For the quarter, the company reported adjusted LBITDA for the Group in the period was $878,000 against adjusted EBITDA of $2,112,000 a year ago. Loss after tax for the Group in the period was $815,000 against profit after tax of $489,000 a year ago, this is mainly due to a reduced lifting of 30,258 bbls compared to 31,282 bbls in the first quarter of 2014 with a significantly lower realized oil price. Revenue was $1,725,000 against 3,471,000 a year ago.

 

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Industry Analysis

SEY

Industry Average

Valuation SEY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.9x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 4.8x
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