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, not really looked at WTE with regards to buying so couldn't comment on it's suitability as a screamiing buy! It made a profit of 6.5m last year but would appear that was on the sale of Westmount Resources to SEY.

As to it's other big asset, 5.5m shares in DES at cost of 9.4p. If it sold them then that would be another big jump in profits for them. Don't know much about DES apart from the Falkland seismic and rumours of partnerships.

But agree one to keep an eye on.

sorry about the screaming. i will try not to yell in future!

Just fallen in!

Taken all afternoon.

Westmount Energy owned Westmount Resources who owned 30% of Fusion Oil & Gas shares, which was bought by Sterling Energy from Westmount Energy,for shares at 11.5p, which then bought Fusion Oil & Gas.

Now I have spelt it out, am I correct?

Read All About It!!

From Hotcopper

"ABN-AMRO just confirmed P90's rumour they suggest a 300mmbbl (gross) oil discovery at Merou

This would influence WPL's share price by 4% HDR by 17% and ROC by 11% the results of Merou are expected early this week. and the TIOF-3 flow test within the forthnight

Bring it on we could have a great Xmas, and Hopefully a good one for Ted as well"

If that ties back to Tiof, that is another enourmous oilfield. says a Bullish Investor.

Do you think it may affect the share price?

Could be why my "Mate" said BUY HNR!!!

I say BUY SEY cause they will only steal it anyway!!

SWW, that's pretty much it as far as I can make out. Also, here's a snippet from an old Oilbarrel article from 8/12/03:

"The Team At Sterling Energy Which Has Finally Acquired Fusion Oil & Gas Knows How To Add Value
The Sterling Energy bid for fellow London AIM listed group Fusion Oil & Gas really did go right down to the wire. Five minutes before midnight, as it were, Sterling had only got just under 50 per cent of acceptances after more than three months of tussle and two extensions to its deadline for shareholders to agree the hostile bid. Then finally Sterling limped over the line with just 51.37 per cent of the shares.

Sterling had offered 3.5 of its own shares or 2.5 shares plus 10p for each Fusion share. At a Sterling price of 10.75p per Sterling share this represented 37.625p or 36.875p for each Fusion share. Fusion shares were standing at 31.25p on September 11, 2003, the last dealing day before the announcement that Sterling had approached Fusion, so the offer represented a premium of 20.4 per cent or 18 per cent. "

Read All About It!!

From Hotcopper

"ABN-AMRO just confirmed P90's rumour they suggest a 300mmbbl (gross) oil discovery at Merou

This would influence WPL's share price by 4% HDR by 17% and ROC by 11% the results of Merou are expected early this week. and the TIOF-3 flow test within the forthnight

Bring it on we could have a great Xmas, and Hopefully a good one for Ted as well"

I say BUY SEY cause they will only steal it anyway!!

SWW, if that is correct re Merou then we will collect a royalty payment of 6% of that plus a discovery bonus of $2m once commerciality over 50mb is confirmed.

so it has all begun...

RNS due Monday they say!

If that is correct re Merou then we will collect a royalty payment of 6% of that plus a discovery bonus of $2m once commerciality over 50mb is confirmed.

Lets shout this out!!!!

Sorry to be stupid but I take it this is all relevant to SEY, will the RNS be from RNS.

AdieH.

Yes relevant to SEY if correct. This was an RNS back in July detailing this.

http://www.uk-wire.com/cgi-bin/articles/200407051509115017A.html

See you've mastered HTML SWW!

HTML, not quite.

I used to do a fair bit of it, but I have forgotten more than than I rememeber.

I have had a tickle of HNR to catch the 20% if it goes that far!

Bearing in mind there has been a fair amount of buying today, it may only work out to 15% on the price, but:-

HEY!!!

Yo, Ho, Ho, and a Bottle of Rum!!

Re:-

AdieH - 26 Nov'04 - 15:11 - 2174 of 2177


Sorry to be stupid but I take it this is all relevant to SEY, will the RNS be from RNS.

I have no doubt it will be..............

Sorry being stupid from SEY i mean't

Adie, would think the RNS will come from HNR and PMO as the other drilling updates have done so far. But may get one from SEY.

SWW, notice the spike in HNR from 12.30 today. Hope you get your 20% or more, to go with your rum!

Yes I saw that too, which is why I am looking for 15%, today it is niwether up now down, or was not when I last looked, so I shall see.

I do not expect to lose on it though.

I am popping out to Australia now, back soon!

I'm back and they are shut till Monday.

3am in the Saturday morning.

Why can't they keep the same hours as us?