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Sterling say cash flow will increase by 400% in 2006

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Wen Tao - Tue, 20 Dec 05 :

Thank you everybody.

I will watch for now as upward sentiment might be dampened by poor recent drilling (even though it doesn't directly affect SEY). If I see a change I might have a splash, assuming Ching is all ok and oil remains high I agree about the limited downsize.

The free carry through Ching really was a good play, how did they get that?

If the Exxon JV is only doing 2-D seismic next year then the site is a long way off. I guess they've got an agreement such that SEY are free carried but only if Exxon want to proceed. So if the seismic isn't excellent not a lot will happen. But then it says SEY are the operator. Not quite sure how this works.

Good luck.


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