Sterling say cash flow will increase by 400% in 2006

All the best Dr Sq, azalea, poo bear, Rayrac, andy, barryrog, and everyone associated with SEY in 2005.

My summation of 2005 is:
This year was in fact a very good year for SEY newsflow, though oddly not for the share price.
It was a year Sterling showed that she had 4 -5 projects, two of which are 'production) I and calling Ching 'production' as well as the Gulf) , one being the exploration tenements at Mauritius, and the Far Eastern Fusion oil programme: plus the heavy oil program in Central Africa. One or two or all three will be money spinners in 2006 -7. All three have the possibility of increasing the value if SEY considerably.
Until then, Chinguetti AND Gulf gas production will be cashflow positive in 2006'

in 2005, SEY avoided the problems associated with her partners' ( plural) lack of 'finds' in Mauretania proving her free-carry status was a very smart development indeed. In spite of some dry wells, or poor shows, the drilling programme is destined, I believe, to produce at least ONE more big plus in 2006 at some point. Hopefully it will also benefit SEY if it is in one of SEY's two zones of free carry or royalty interest.

It is very important here to stress that where developments in Mauretainia HAVE been positive in 2004 and 2005, SEY has been a consistant beneficiary.
2005 was a year when the development which is the Government special partenership with SEY, was on hold, and 2006 will be the year for the fruition of this agreement.
In 2005 the Government in Mauretania changed, howevere the consensus is that it is a benign and hopefully beneficial , democratic , development ( no doubt why the Yanks are disgruntled about it). Democracy is great - 'as long as we impose it'!

SO to return to SEY, 2005 was not really a dull year for Sterling Energy except on the share price which is of course of little consequence - YET.
2005 was the year I happened to trade the stock twice back around 14.8p and so made a reasonable return - though I am not up over the year appreciably - but have again been addding stock since September time.

2006 will be the year that benefits and develomments that have only been started come good in the Gulf ( increase in production) and Chinguetti-Tevet -Banda.
I'm sure I could add a great deal more, especially about what is in store for 2006, the Directore are no doubt presently seeking further projects,hopefully at or close to production, that could be bought in .. though it is essentially surmise from here, so I'll stop .
cheers all
Hector