Can anyone give me information on this stock? Would appreciate.

Well now,

Fusion Oil and/or Dana Petroleum are rumoured to be the culprits in a possible takeover bid for Hardman Resources. See Yahoo Fusion Oil News; the link is I hope attached.

http://uk.finance.yahoo.com/q?d=v1&p=&q=q&s=fog&m=L

Seems the board of Sterling, just so happen to have a hunger for takeovers what with the original parent Lepco taking over Sterling, who took over Westmount and now Fusion Oil.

With the prices rising for all the subsidiaries, watch and see what occurs.

It is true also to say that the share price probably does not reflect the current value of the company.

After all, since the Fusion takeover the Tiof and Chinguetti wells which were partly of Fusions interest have shown true value. By my uneducated reckoning the Chinguetti Field is worth around a conservative 30 million GBP to Fusion Oil if the estimates of the reserves are accurate.

skyship's stated that if Sterling held the 10p mark to the 200dayam, then Sterling's price would be expected to rise sharply. Coincidentally that more or less coincides with the finals.

My view is with all the assets the Company is acquiring, they will make money for the finals to be announced in June, either by asset stripping or holding onto them.

Only they know the direction they will take.

Life's a gamble!!!!

SEY "ringos_tar_2000" Another in-depth set of views! Is there anyone else with offers on this subject? IMHO, it is very complex and you take your pick.Good Luck on this one.

Oh! I forgot.

They also now look very attractive in respect of any takeover of them!

Maybe one of the bigger Giants is already looking at them?

If you recall from the Fusion takeover, other interested buyers of Fusion needed more time to look at the figures before making a counter bid.

I suppose that there is always a chance that they have now had time to do that, and also the other Sterling assests.

The Company is definitely under valued by a long way, so it looks prime to me.

According to the info which I have been reading, particularly @ Citywire(Edmond Jackson, "ringos_tar_2000" appears to be on the road to follow! The main points which I am seeing are 1) The City preferred the Management of SEY rather than FOG. 2)FOG had a good portfolio BUT the Institutions could NOT see a viable Growth Plan and hence, were happier to back SEY. 3)The current Mananagement @ SEY have proved on at least two previous occasions that they are very adept when Acquiring, Portfolio Expansion AND @ the right time, Selling-on! Bearing in mind several other points made---a "winner" perhaps. Thanks for the input on this stock. Good Luck & keep digging!

Looks like the answer is expansion!!!

They have announced the purchase of gas fields in the Gulf of Mexico, and on shore production installation which having sold the gas will net them $1m per month net.

Does not say how much for but finanaced by company funds and bank loan.

Deal completes on 26th February

Morning ringos_tar_2000. I am very interested in this latest deal. It appears that SEY really do have a pre-conceived plan AND they intend to follow it to, in the Management eyes, a fruitful conclusion. Looks as though my "delving" has not been for nothing BUT IMHO you seem to be the "quickest on the draw". Good Luck and Keep Digging!http://SEY