Sterling say cash flow will increase by 400% in 2006

How about SEY's relative valuations against other oil companies.... well one in particular!

Max Petroleum (MXP) is now worth over £280 Million which is astounding for a company that has never sunk a drill bit into the ground. Now compare that to SEY at £240 million.

Which group of investors are taking the bigger risk? Us or them?

Fredling

PS IMHO we seem fairly valued against other producing oil companies but based on a "problems with Mauritania" valuation scenario for SEY.


Fredling