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

Already eaten.

Chicken Chasseur and rice.
Done the rice in a rice cooker in the microwave.

Always light and fluffy, just like me!!!!!!!!!!!

Well fluffy anyway!

Shepperds pie for tea tonight, not very exciting! Noticed we moved up at the end today, up .25p. Looking forward to getting this placing out of the way, and also should have the Tiof-3 results by then.

It's 17p per share placed with the AIM on the 19th November, underwritten by Evolution.

It is said to be oversubscribed 2:1 if you all recall.

http://moneyam.uk-wire.com/cgi-bin/articles/200411090700270048F.html

Latest drilling report.

http://moneyam.uk-wire.com/cgi-bin/articles/200411090700340070F.html

Morning all. 17p it is then. Lets see where we go from here now.

If it were oversubscribed 2:1 they wouldn't have underwritten it. Your mate on ADVFN smells of rocking horse poo.

I don't have any mates on ADVFN.

He may be talking cr*p, but then I would not know.

In any event time will tell, hey hilary?

Buy the rumour, sell the news!

Morning all.

Hello dave.

Price going up today so far.

Not expected after the 17p figure but then if it is oversubscribed that could be why.

You buying in yet or still sitting?

There seems a little problem of oversubscribed confusion now on here . H,is right with what she says,,why on earth would they have to guarantee the money,,if there where a rush to the door ?

up .5p so far, positive feeling around regardless of 17p entry level for new shares...

Dave, best to treat that information as suspect then!

The post on ADVFN said that his broker had reported by phone those deatils yesterday, i.e price, restriction on amount of shares to to them as 53% of request, and therefore over by 2:1.

The was no provenence with that post so there was no way of checking.

There has been a fair amount of ramp, deramp on this stock innuendo reigning supreme on other bb's. Not too much here I would like to think.

I see what you are both saying, and in the end it really is not that important for long term holders of which I am.

Lets stick to what is known then, 17p placing, underwritten by Evolution.

Nice early lump buys up to 18.75p at 08.27p today.

From the Guardian.co.uk:

"Sterling Energy, the oil exploration group focused on West Africa and the Gulf of Mexico, firmed 0.25p to 18p amid talk that its 97m equity fund raising has been struck at 17p and was several times oversubscribed.

Traders claim a number of high profile institutions, including RAB Capital, have signed up and the shares will fly as the company puts the money to work in the Chinguetti field in Mauritania."

Thanks gav, suppose that answers that!

Thats better , after all we all live in the real world,,damm 17 it is then.

Whats a few pence between friends,,,,,,,have you got a fiver i can have ?

Here, have enough for 10k........

I suspect that once gav's item gets out, there will be a sharp increase in interest in this stock.

I have no idea if that will mean an increase in price in the short term, but give it a month..........

Lol Dave, here's that fiver you asked for! Spend it wisely now!

Agree with you SWW, I'm not sure where the sp will go in the short term. I guess we will find out over the next few weeks, but I wouldn't think it would go below 17p. But then again, we are in this for the long haul so short term movements not a worry for me. But a quick move up is always nice!

Time for a cuppa.

Time for a walk.............