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

I took 60p.

This will be a long term hold till 2006/7 also.

They have found by seismic lakes of oil and gas.

They are looking for partners but will hold 50% of all tranches.

Looks very good.

We can all wish to have been in earlier but in this case, this is still early in the development so volatile it will be, nbut the results will come in.

Better bet than PET having seen that RNS I am no longer sure............

I wish you well with that SWW. I notice there was an article on Oil Barrel about DES this morning, I'm sure you'll have read it.

Does look good for the long term. FRom what I recall they are not drilling until the end of next year? Look for a partner on some and keep some, not a bad strategy. I'm sure they will get their partners if oil is there in recoverable quantities in the seismic.

It will be volatile in the short term, remember what happened the last time the sp rose so quickly on rumours, but seems different this time as seismic has been gathered.

As for PET, never been a fan. Don't like where they intend to drill, Iraq, far to volatile. But that's just IMO. Good luck with DES.

gavdfc thank you.

Yes the oilbarrel.com did it for me.

Thne oil is recoverable they say so full steam ahead.

Have we all noticed our African Partnetrs are all creaping up today?

Not big volumes, the price of oil as far as I know is dropping, and they are going up.

It may be no coincidence that the wire kine logs are probably run about now on Tiof.

Mind you, I thought the drops were overdone for Capitaine.

Noticed that HNR moved up a touch. Perhaps we will get the Tiof-3 results next week, we should be getting them soon. Thought you might have gone back into HNR for a short term gain.

It was a tough decision.

In the end, I decided with the cash I had remaining I would not put all my eggs in one basket.

SEY does have the best prospects out of that bunch plus the price is right.

Said that but I also have enough without going too silly.

Plain and simple.

I still hold some PRE, which are well in blue, so if I need to cut anything it can be them short term.

Mind you things are afoot there too.

Waiting games.

Up 7 already on DES.

Should have jumped in first thing!

Twit!!

FOGL:- they are 3 years behind DES, and are in a different area with differnet rock strata, so the rises IMO are not sustainable.

sandrew64

Follow this link.

http://fantes.com/schlemmertopf.htm

Sounds like a decent plan to spread the risk. We all wish we had more funds to buy as much of everything we want, unfortunately it doesn't work that way for most of us. One day though!

As far as Mauritania goes, happy with just holding SEY for a play on that area. If was to take another in that area it would be HNR, but happy with SEY. Also PCI for a punt and SIA for a few years. Vietnam looks like it could be big for SIA. Agree about the waiting games. Money flying out of PCI, no doubt to buy others and feel they will be back in a couple of weeks.

Also holding some other stuff, MPH, AHT, NLR and in and out of some others.

Apologies to all for going O/T.

May be outside the thread, but most likely holders of SEY will hold other Oil & Gas.

Always good to swop opinions.

Agree SWW about swapping stock ideas. Always good to hear others opinions and what they hold.

Wonder if you will make the Sea Wall today?? Or glued to your screen all day watching the DES action!!!

Been out and done the Sea Wall, just as the dawn was breaking!

That is why I missed the off..............

It cost me 10p per share.

Mind you it has done well for me already.

ps I am now broke. Well my share account anyway!

If the Sterling placing is so heavily oversubscribed, can somebody explain to a simpleton like me why it is that evo won't come off the offer?



Keep your purse buttoned up for now Dazzling D.

Hil sorry, outside of my experince.

Nice colours though!

Gav:- DES people who are taking profit are investing in PRE see the price rise?

Picked up that info on ADVFN.

Dave make your own decison.

Any doubts then stay out!

Same with you hilary.

SWW, noticed that PRE moving up. Maybe your Danbury news is on the way. Don't know too much about them though. Seems to be money moving from one oil stock to another at the moment. Quick profit for you on DES though.

Hilary, couldn't comment on EVO. Not been checking L2 as my trial ran out a few days ago.

SWW,

I'm not here to knock your stock and I'm not here to get personal ..... I'd go to ADVFN for that!! I'm just trying to help a few others.

gavdfc,

EVO have been on the offer for days. Ask yourself why that is.

Hilary, fair comment, but we all make our own decisions in what we do.