Business
Response to share price movem
Response to share price movem.
About this update from Afentra Plc
[{"type":"text","content":"\n RNS Number : 1726X Sterling Energy PLC 10 August 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\n\n\n10 August 2009\n\nSTERLING ENERGY PLC\n('Sterling' or the 'Company')\n\nResponse to share price movement\n\nSterling Energy (symbol: SEY), an AIM listed independent oil & gas exploration and production company, with interests in the Gulf of Mexico, Africa and the Middle East, notes the recent movement in its share price and updates the market that, within the context of determining a long-term solution to Sterling's financing position, it is continuing to consider its strategic options. \n\nThe Company confirms that it is currently exploring a number of options including a sizeable placing of new equity at a significant discount to the current market price. \n\nIn addition, the Company continues to hold discussions with interested third parties regarding the sale of assets or the sale of the Company. Sterling emphasises that there is no certainty an offer for the Company will be forthcoming. \n\n\nEnquiries\n\nSterling Energy Plc (+44 20 7405 4133) \nGraeme Thomson, CEO\nJon Cooper, FD\n\nRothschild (+44 20 7280 5000)\n(Financial Adviser)\nNeeve Billis\nDavid Hemmings\n \nEvolution Securities (+44 20 7071 4300)\nNominated Adviser and Broker\nRob Collins \nChris Sim\n\nCitigate Dewe Rogerson (+44 20 7638 9571)\nMartin Jackson\nEmma Woollaston\n\n\nWeb site: www.sterlingenergyplc.com\n\n\nNotes to editors\nThe Directors of Sterling accept responsibility for the information contained in this announcement. To the best of knowledge and belief of the Directors, who have taken all reasonable care to ensure such is the case, the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.\n\nRothschild, who is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting as financial adviser to Sterling and no one else in connection with the contents of this announcement and will not be responsible to anyone other than Sterling for providing the protections ...