anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Can anyone shed any light on the recent EGM notice. I just received mine from my broker and it says that SEY want us to waiver our pre-emption rights so that they can place a number of shares equating up to 11.5m. I understood that they needed to raise 97m through placing of new shares. So where is the difference money comming from.

Sounds as though they have buyers queuing up for shares and wanting to grab yours!! hoping for blue tomorrow! whats for supper Mickey??

SWW
The 9 mill went through as 2 consecutive trades. Hope everyone had a good day!

sandrew64 thnaKX,

Have done a look throught the list and now found it near the start of the day.

Time delay is minimal, could it be a trade between two brokers I wonder?

Doubt it will go blue just yet, have to wait for the share palcing, but your obs are probably correct in respect of the shake for shares, and people queuing up for shares.

Mine stay mine.

Speal 2 morrow

Blimey, had a few sherberts SWW? Good job you're not'speaking' tonite!! LOL

Keep up the cracks PTH-I love to end the day on a good laugh!

Just had an email from Ted

Tiof-3 Appraisal Well - PSCB
West Navigateor ran and cemented casing to 2980m and preparing for flow testing.

Capitaine-1A - PSCB
Stena Tay drilled 2718m, cemented casing, and preparing to run in hole and drill TD

I think he just copied last weeks.....................

News is slow from the stock exchange today.

From ROC Oil

ROC Oil sees Mauritanian govt taking up option on 12 stake in Chinguetti field
AFX


LONDON (AFX) - Oil exploration group ROC Oil Co Ltd said it expects the Mauritanian government to exercise an option on a 12 pct stake in the offshore Chinguetti field.

'ROC believes that it is now likely that the Mauritanian Government will exercise its entitlement to acquire a 12 pct interest in the Chinguetti Field development on a prorata basis from all current Chinguetti participants prior to that entitlement lapsing on 20 November, 2004,' said ROC chief executive John Doran.

Doran added that if the government does take up its option, it will be responsible for its share of development and past exploration costs related to the field.

The biggest stake in Chinguetti is held by Australia's Woodside group of companies, which is also the operator.

Other companies with an interest in the field include Australia's Hardman Resources, BG Group PLC and Fusion Oil & Gas PLC.

Ends.

Now you all know why the price of 97mil is so high.

If Sterling are on behalf of ther Mauritannian Government buying ther 12% share, thr exploration and developement costs have to be paid as well.

No real problem with this though, this is a commercially viable field, and a good time to take the option up.

Any other views?

Yes, Sterling is making a good decision.

morning all..nothing new. that 9 mill yesterday looks like a odd rollover...just worked out the financing and looks like it could be on a t20 basis. could possibly an inter dealer broker trade as well???

Mmm.....

Nothing new as you say proptrade.

Got a really nice deal at Threshers bogof Gallo Sycamore Canyon Chardonnay 8.99.

Also Turning Leaf is 4.99 which is a nice price.

Worth topping up for the weekend and Christmas.

Bought a few PRE a the price has dropped off lately. Danbury Dome is looking very promising for the 750 billion cu feet of gas. Result of that expected in 5 weeks plus they are looking to aquire European or African ventures.....

Profit locked in previously so all seems a good deal.

Not much with SEY seems to be marking time on the run up to the EGM. The we will see something!

so true, maybe even a small drift until then as well....all an adding opportunity.

nice little telcoms stock for you, ESY...check out my thread and tell me what you think.

rgds

Will do.

Word is that consolidation of smaller companies is the next viable outcome in that sector.

Your views on ESY thread to that?

Switching now

I'm posting this on SEY thread as you guy's don't mind a bit of fun and deviation. One thing we have in common when looking at our screens is that we are all sitting down. Well my chair is old and giving me a real sore ar.. Any ideas where I can get a good comfortable one if poss on line and without breaking the bank.

MS

Afternoon boys , i am still waiting sw,i have sold my first buy of esj , small profit , as to my second buy of ezj , still going well up about 3k , still no sign of 15 in sey , been out all day

ps bargain wine 3 bottles of blossom hill 9,,bargain booze,,,,a flyer fell out of the free newspaper.

Afternoon mickey .

ola all. no idea about chairs, sorry SWW.

Hi DD

I had a mixed case of reds delivered today from Laithwaites. Special offer 3 bottles of Rioja free 15 bottles in all 54.99. The trouble when you buy by the case is you drink more. That's why I stopped doing the booze run to France. I like drinking!

MS

No wonder you're skint!! Give up the vino and buy a chair! not much happening today is there.

what the story in hardman? just dull updates????