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

as much as a billion barrels of oil reserves to the existing Chinguetti and Tiof fields already under development

Is the important bit

Those two big sells today look suspiciously like the two big buys of last week.

Someone with more money than sense having a game??

Is it you daves dazzlers?

Oh, no insult intended!
;-))

wither that, or the sellers have found some borrow and flipping into the placement. i would if i had access!

None taken sw,,,still waiting for. 15 come on,there is some consolation ezj is still flying high

DD you should be thrown off this thread for wishing it to drop :-) If you get your way, my stop loss will trigger. Perhaps I should move the stop loss for the next few days anyway as you have been on a good streak recently..

The Capitaine hole looks to have encountered water bearing rock, although they are doing a double check.

This is the reason Sterling have a free carry!

The dry holes cost them nothing except future prospects!

These look good without Capitaine.

2 out of 2 is the avarage expected realistically. Ted Ellyard of hardman stated before commencement that there was a strong possibility that 8 out of 10 holes would hit oil.

That being the case they have 2 more dry holes to hit before he gets a red face!

JJ,my figure is know where to be seen sadly.

Price down 1/2p at 8.17am.

Just goes to show how much the mm know sometimes.

This is a free carry, so:-

Finds of oil, no rise in price.

Dry holes, drop in price.

Wierd.

A note on ADVFN bb. says that there is no more placing stock.

It is oversubscribed.

This does not have any validation with it, so can not be confirmed.

Morning sw i cant see it going my way in the short term , There is one thing that puzzles me with the market flying , this is going know where,,so you just never know!! i mite sell one today and keep liquid , until the balloon goes bang.

Good luck all,

dd, sell what?

Did you buy in to SEY?

Sw,no not in yet,still looking to buy at 15,i mite dump ezj.

Looks like everyone is having a lie in.

As I can't take the pressure of holding SEY up any longer, I'm off.

I will have a look at the bounce later, because that is what it will do!

The Tiof 4 hole is an appraisal rather than exploration so as the words imply, there is oil there, but how much is the question?

Enough to fill my 3 in 1 or more?

All imho dyor fsh & gsoh etc........

DD this isnt going to move much until later in the month once the placing has occurred -but watch it then!!!

I think you mite be right steve,if i buy it must be around 15 pence,,minimal risk,,3/5 years hold ..

Sw what price did you enter at ?.

Morning all, not the best start to the day after sleeping in! Wake up to a not so good drilling update! Shows the risks of oil explo shares though.

Famous last words as the price starts to tumble!!!

FACT - this is a free carry hole.
FACT - 18 more free attempts
FACT - SEY has not incurred an exploration loss

get real here, tis is a drill PROGRAM. sure it would be nice to strike now but there is a multitude of other attempts.

the move today is an overreaction with a placinig supposedly completed

Well pointed out there! We all wish that every hole will be a good one, but that will not be the case in reality. Need to look at the bigger picture and what other activity is in the pipeline. And there is plenty of other drilling to look forward to.

Price starting to move back up now.