Companies: SEY   

AIM-quoted Sterling Energy says it has received approaches regarding possible offers ‘from third parties’.

The company, which recently announced a 70 per cent increase in daily oil production at Chinguetti in Mauritania, says discussions are ‘at a very early stage’, adding that ‘there can be no certainty’ that they will lead to an offer.

Shares in Sterling, which says it expects positive cash flow from Chinguetti next year and has interests elsewhere in Africa, the Gulf of Mexico and Kurdistan, have jumped 0.91p today from a bombed-out 2.80p to 3.71p, valuing the company at £86.3 million.     

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Sterling Energy	AIM	£67.44m	2.90p	0.10p
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Output gush from Sterling			17/10/2008
Sterling Energy in US deal			19/01/2007
Forum goes for £12m			12/07/2005
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