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

So Gordon Ramsay's changed jobs, from Hell's Kitchen to an analyst at UBS!

This is a valid point he makes - "I'm still fairly positive on the area, but every once in a while you get a negative surprise from these wildcat drilling programs," he told Dow Jones Newswires." Not every hole drilled is going to be a hit.

If Tevet is tied in to Chinguetti then that's another addition to out revenue stream.

Its in free fall .

Visiting friends for a few days , just saw what has been happening today. Ouch!Let's hope this is another case of getting bad news out of the way before a positive drilling result on Tues. Mushroom and white wine risotto tonight,margarita sorbet for pud...need a few stiff drinks after seeing this. Have a good weekend all!

Whose in freefall....

Can anybody see 17 pence by close !

must be dave off his ladder

Prop your not far wrong there.

sorry matey, couldn't resist

At least his fall will be televised if the CCTV was plugged in in time!

wouldn't that be one for jeremy beadle!

HAY,all fine now.

Went down to Brighton last night and ended up in one of those gay bars. Got really drunk. Funny thing didn't realise drinking G&T's gave you a sore bum.

MS

5mins to go,,can i get in.

That's what they were thinking just before closing time yesterday when looking at Mickey S in Brighton!

sounds like he wasn't just thinking it cosidering the state of MS and his sore bum!

No joy today ,, my be next week,,which way price wise next week.

Have a good weekend chaps. See SEY bounced near end of session. Did any smart money get in ahead of same? Good hunting.

Take care it's bonfire night. Look after the kids. We'll all be millionairs next week.
Be safe.

MS

Part of an article in today's Sunday Telegraph by Edmond Jackson:

THE current best example of acquisitive development has to be Aim-listed Sterling Energy. Although I am perturbed about shareholders' loss of pre-emption rights in a current 97m fund raising, the board's track record to date is a fascinating case study.

I acknowledge that it is relatively easy to grow from a small base, that the oil price has soared and that smaller explorers have become the rage, so over the past two years Sterling shares have rallied from about 3p to test 20p. But the board's reputation was a key factor in securing City support for last December's acquisition of Fusion Oil & Gas, and doubtless that is why fund managers are backing Sterling again as it continues to acquire and develop Mauritanian interests.

This followed deals in late 2002 and spring 2003 to develop gas production in the Gulf of Mexico. One should take care with small companies rapidly taking on the world, but the chief executive's claim of "adding significant value at low cost and relatively low risk" has been borne out so far.

With the shares at 17.75p capitalising this group at 142m, I prefer to see published financial information relating to the latest deal. Yet Sterling shows how an acquisition-led strategy can indeed deliver value - especially when the market believes there is a good balance of risk management with upside potential. Long live the smart dealmakers!

Hope everyone's having a good weekend.

Afternoon gav,,where do you see this going this week , pricewise.