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Sterling Resources Ltd V.SLG

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  SGURF

Sterling Resources Ltd is engaged in the exploration, appraisal and development of crude oil and natural gas in the United Kingdom, Romania, the Netherlands and France.
Price: $0.07 | Change: $-0.005 | %Change: -6.67%
Volume: 25,300 | Day High/Low: 0.075/0.065 | 52 Week High/Low: 0.51/0.05
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3 stars

RE:The proceeds of the Romanian sale have been applied to debts

But it was important to get this deal closed. Now they can advance the other scenarios: raise reserves-backed financing, or sell part of Breagh.  rate and reply
2.5 stars

The proceeds of the Romanian sale have been applied to debts

But in October there is another debt of $33 million coming due so we are back in almost the same situation in another month....Issuing more options is not going to get SLG out of debt....What a mess!! more
3.5 stars

The Romanian sale is completed...

There may be some price movement to all  rate and reply
2.5 stars

RE:SLG issuing stock options??

Amazing disdain for long-time suffering shareholders, who saw the same clever management team reject a $0.80 per share bid from Vitol and, step by step, brought the stock down to the 5 cents range.  rate and reply
2.5 stars

SLG issuing stock options??

I thought that was done as a reward for a job "well done".....How big do they want the float to get before they stop printing paper?? to all  rate and reply
1.5 stars

UK gas venture still beaten tax relief, green light fracking

New tax relief, new greenlight for fracking onshore seem not to interest any new investors like Kosmos, new Giant conglomerate Petromaroc predator v.pma prospect setc . Too high in debt those more
0 stars

RE:Do Sterling gas i UKunsucessful to sell its romanian assets

The company is on record as stating that the sale will close in August. This is a stock with very concentrated ownership, and the fact that someone wants out at any price is not very meaningful, more
1 star

Do Sterling gas i UKunsucessful to sell its romanian assets

The romanian asset was supposed to be sold ,but nothing only manipilation or blocked by fraud ... Another UK bankrupties, kingdom , fraudters ???  rate and reply
1 star

Sterling gas UK disclose possible gas discovery

Losing 93 % of its value Sterling gas could annonce new gas discovery if more money to explore its very huge property in UK and Britsh virgin island offshore bank prospect where gas price still high.& more
3.5 stars

RE:Where is Joseph Schacter when you need him??

Recent action suggests there is some doubt about the closing of the sale of the Romanian assets. The buyer is the Carlyle Group, and it seems they have lost a lot of money in their more
3 stars

Where is Joseph Schacter when you need him??

He has been the biggest fan of SLG for over the last ten years at least....Hopefully he has averaged down or else he has already gone broke to all....PS...he was also a big fan more
3.5 stars

RE:What Now? Are we out of financial Danger?

The assets have not been sold yet - read the press release carefully. Also, when they close the sale and receive the cash, it will not be enough to pay all the debt due. Anyhow, a step on the more
2 stars

What Now? Are we out of financial Danger?

The assets have been sold so I assume we can make the loan payment.  Are we in good position now?  Is this a buy? Joseph Shachter on BNN said a few months back that when the loan more
1.5 stars

Hold on!

If they did not approve the amendments that would be a disaster. Now we need the Romainian sale to close. As far as the 14%, it is not what it seems. I am not going to try to explain it, just more
1.5 stars

Paying 14% interest ????

How is paying 14% interest on the bonds a good thing? What a disaster.  rate and reply
2.5 stars


CALGARY, May 8, 2015 /CNW/ - Sterling Resources Ltd. (TSX-V: SLG) ("Sterling" or the "Company" together with its subsidiaries the "Group") is pleased to announce that more
0 stars


Question....Halt....Good or Bad News? This could be really big news!  rate and reply
0 stars


IIROC Trade Halt - Sterling Resources Ltd.   newsfile             Vancouver, British Columbia--(Newsfile Corp. - May 8, 2015) - The more
1.5 stars

What Happens Now???

In plain English...what is the status of the debt payment to creditors?  I know they couldn't make the payment April 30th.  The recent release states that they are meeting more
1 star

RE:The sale of Breagh by DEA

Check out Altima Resources .  V.ARH big deals in the works with Whistler. Next well to be spuded right away to kick off the 2015 drill season  coupled With 4 new holes + pads to more