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Sterling Energy narrows loss

By BFN News | 09:39 AM | Friday 28 July, 2017

Sterling Energy (SEY), an upstream oil and gas company, narrowed its loss after tax to $2.2 million in the first half from $8.2 million a year earlier. Turnover rose from $1.3 million to $2.2 million. The company said the depressed oil price continues to have an onerous impact on the Chinguetti project and future joint venture economics. The joint venture continues to move towards cessation of production at year end 2017. The Odewayne Somaliland 2D seismic campaign commenced early June 2017, with final data due in-house in the fourth quarter. At 9:39am: (LON:SEY) Sterling Energy PLC share price was +0.5p at 15.25p Story provided by

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