Sterling say cash flow will increase by 400% in 2006
Fredling - Wed, 28 Dec 05 :
The great thing about SEY is that the upside from Madagascar is not being reflected in the price.
We have the largest "big oil" company in the world committed to carrying out work on an area comparable to or larger than the North Sea Central and Viking Grabens -an area equivalent to about 40% of the entire North Sea (say about 50 North Sea Blocks).
Madagascar is in a fantastic position to supply India Europe US and China and if there is a working petroleum system there we get 30% of it. Oil shows have been found on-shore as well.
If Mauritania enables us to develop Madagascar then IMHO we will enter the Tullow Oil League within five years.
