Primary Recommendation

Sterling Energy - Cashflow to rocket when huge Mauritania oilfield comes on stream

February 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Sterling Energy, which featured as our top New Year NAP last month, remains one of the most outstanding buying opportunities in the oil & gas sector. Sterling’s core area has historically been gas production in the Gulf of Mexico, which after a blip last autumn, is now recovering towards pre-Hurricane Katrina levels. But what really excites us are its interests in Mauritania, which some observers believe will eventually become Africa’s answer to the North Sea, following two giant offshore oil discoveries. Sterling has a significant stake in the first of these fields, which holds gross recoverable reserves of 140m barrels and is slated to start producing in March. It’s no exaggeration to say that when it reaches pea ...

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Sterling Energy - First oil flows from Chinguetti field (April 2006)

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Sterling Energy - Stunning deal in "Mauritania" (December 2004)

Sterling Energy - Free carry in Mauritania oil campaign (November 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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