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

prop, very right!

Very big!

As I dared to suggest bigger than Lake Superior but not so deep. That will need proving up of course, but for them to say what they have must mean they believe what they are saying.

Going on, if there is a tie back then the Mauritannian Governments 12% is doubled by todays estimates for Chinguetti, should it prove to e the same field.

It follows that Sterlings cut for the deal already bought will double at least.

Anyone who doubts can keep their doubts, says this Bull, I am in long for the ride, and with all OIl & Gas Exploration Stocks it will be turbulant, but we already knew that!

good, i thought i was missing something. now where is my ladder so i can shout it off the rooftop.....

75% of mine were red today. Oh well G&T time. Fish pie tonight made by my own sweet hand. Jamie eat your heart out. All invited. Just a thought, when SEY becomes a 5 bagger shall we organise a piss up?

MS

Funny times....SEY and YOO were flying they both enter into significant deals which should have sent them flying and there price goes into stall? Letas hope they recover the glitz they had previously. Even ASC and SPS have had a quiet period.Perhaps tomorrow will be the day!

I think that is a great idea.

What is a 5 bagger?

Times 5 buy in price?

it sure is - now debagging, that's a different story all together

Lol prefer the bagger 5 times would be very welcomed indeed...

1 million buy, delayed by one hour coming up on leg at just before close, so says a "Mate" on ADVFN.

My "Mate" on hotcopper says buy HNR.

As HNR has risen from it's latest low, the advice may be a little late.

a 20 bagger and nothing less will be accepted!

I hold SEY and WTE and was thinging it would have been better if i had put all the money into WTE who hold shares in SEY 70% as well as DNX and DES etc:

aldwickk - sounds like a good plan. If WTE have 70% of SEY, do they not own it now?

i am confused...has anyone got any details about a WTE stake??? i can only see that they sold their fusion stock.

The Group presently owns interests in the issued share capitals of AIM
quoted Fusion Oil & Gas plc of 20.36%, Desire Petroleum plc of 5.12% and
Sterling Energy plc of 1.55% as well as 14.82% of the issued share capital
of unquoted Eclipse Energy Company Limited.

cheers, but obviously it had cashed out the fusion after the takeover....

Eclipse energy might be the jewel in the crown.

found this article...17% looks like their holding - not sure how the placement effects this. any idea what Westmount enegy's website is?

19-Sep-03
Fusion looks vulnerable as shareholder helps Sterling

The battle for Fusion Oil & Gas takes a hostile turn as Westmount Energy delivers a stinging critique on the company and offloads its 20% stake to would-be bidder Sterling Energy.
Sterling, whose approach to Fusion was rebuffed last week, is buying Westmount, which holds 20.4% in Fusion. The all share deal will give Westmount a 17% stake in Sterling. It has pledged not to sell the shares for 12 months.


Derek Williams, Westmount's chairman said: 'Our decision to sell follows mounting disappointment in the performance of our investment in Fusion since the flotation, and our strong belief in the merits of combining Sterling's strengths with Fusion's exploration portfolio.


The full story can be found at citywire.co.uk


http://www.citywire.co.uk/instrument/default.asp?

Eclipse Energy Company Limited

The group owns 130,000 shares in the issued share capital of Eclipse Energy
Company Limited ("Eclipse") for which it subscribed 1 each in April 2000 and
represents 13.25% of Eclipse, which is presently unquoted. Eclipse has developed
an innovative concept whereby integrated power generation from offshore gas
reserves and wind turbines is exported by cable to the National Grid.

Following a fund raising, including the issue of new shares at 5 per share and
arrangements with a major industry partner, Eclipse has proceeded with the
planning of the Ormonde hybrid wind and natural gas powered electricity
generation project in the East Irish Sea, 10 kilometres offshore
Barrow-in-Furness.

Eclipse has awarded UK-based Offshore Design Engineering a contract to carry out
pre-construction engineering work. Preparation of the Environment Statement by
RBA Ltd., is also underway for submission in May 2005. It is intended that
Eclipse will provide 100 megawatts of electricity from its gas turbines, which
will be fuelled by two natural gas fields and 100 megawatts from a dedicated
offshore wind farm. Subject to Secretary of State consent it is expected
construction work will commence late next year and come into production in 2006
and 2007.

Westmount has provided, in addition to its shareholding, a secured loan facility
which stood at 670,232 at the end of the financial year which has been now
subsequently reduced to 575,900. This will be repaid from part of the final
funding arrangements for the project.

Sterling Energy plc

The group presently owns 75,000,000 shares of AIM quoted Sterling Energy plc
("Sterling"). This holding consists of 71,375,000 shares acquired upon the sale
of the company's subsidiary undertaking, Westmount Resources Limited to Sterling
in September 2003, taken at 11.5p per share, and the balance of 3,625,000 shares
retained from the sale of its United States based subsidiary, Westmount
Resources, Inc to Sterling in February 2002 taken at 4.5p per share. The group's
total shareholding in Sterling currently represents approximately 9.17% of
Sterling's issued share capital at an average carrying cost of approximately
11.16p for each Sterling share held.

OK, so what is the rough NAV of westmount ex any holders discount????

it could be interesting....