Sterling say cash flow will increase by 400% in 2006

This from 2005, does anyone know what EVO's latest note contains?


Sterling Energy Should Trade Close To 26p

Thursday, May 12, 2005 4:23:46 AM ET
Dow Jones Newswires


0801 GMT [Dow Jones] Sterling Energy (SEY.LN) should trade closer to 26p/share on a combination of its core value and risk upside, says Evolution. Feels stock currently trades closer to only core value owing to the market's poor understanding of the value of the Gulf of Mexico assets, the company's royalty interests and funding deal in Mauritania. "In '06, the boost to volumes from Chinguetti production will transform profits and cash flow," Evolution says. Maintains buy rating. Shares unchanged at 15.75p. (DWE)