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

Just found this snippet on the FT site:

Sterling Energy was 4.6 per cent stronger as it won two new exploration licences in Madagascar.

We are on the front page here in leaders and Laggards.

Oh, how nice to be noticed.

Sterling Energy gained 4.5% to 17.25p on news that the company has won two exploration licences in Madagascar. The Ambilobe block covers an area of 20,800 square kilometres of the Ambilobe basin at the northwest point of Madagascar, while the Ampasindava block covers an area of 13,147 square kilometres in the northern Majunga basin and lies immediately to the southwest of the Ambilobe block.

nice spots by all. thx.

i do agree with gavdfc that SEY may need a push to get through 20p (ie positive drill news) but the reality is that drilling is about to commence AND there are multipile targets over multiple blocks in multiple locations....

a multi bagger perhaps????

(sorry i am in an excitable mood today!)

and why not? This looks a little gem at the moment.Looks a medium term hold

Well looks like a good day to get excited in my book! Wish I had more funds available to get more.

same here. however i just had some funds released from a stock that was taken over in Australia so maybe i will put it to work switching into another Oil/Gas play such as SEY. very tempting!

Just found this on Bloomberg, noy much but it helps:

Sterling Energy Plc (SEY LN), which explores for oil and gas, rose 0.75 pence, or 4.6 percent, to 17.25 after winning two exploration licenses in Madagascar.

Every little bit helps!

gav,

yes it all helps to increase the awareness!

Interesting large trades at the end again today.

As I said, it has been happening for some time.

Morning all,

Not the greatest start to the day. SEY mentioned in this weeks Shares mag. Dont have the mag so dont know what was said. Review I think of various oil co's.

Link to the Yahoo page:

http://uk.biz.yahoo.com/040722/237/eykdd.html

gav,

I've just checked the online version, and it's a lengthy review of all the speculative oil stocks, and may well be worth you checking out a copy in WHS.

Awaiting the post for the hard copy, which is easier to read than a PDF file!

Hopefully once people have read it, this morning's retracements way reverse!

Andy,

Cheers for that. Sounds well worth a look. Will try to get a look later today. Onwards and upwards!

on my way to WHS.

bit of a poor day all round and i can't see the mkts striving forwards until September time. hopefully the quality will still be at the top (SEY) and look forward to positive newsflow...

Old News but...........

Irish Sunday Independant 27/1/04 "
What is up at Sterling Energy? It lost 0.5p to 13.25p yesterday but again volumes were heavy and the recent moves have been upwards. The company has recently completed the acquisition of Fusion and oilbarrel.com reports the company as saying "We could not possibly say. But we do expect to be contacted by the Stock Exchange about an announcement soon." One suggestion is that it is once again taking a look at Pan Andean Resources (up another 0.5p to 16p yesterday).

DEEP POCKETS has learned that Irish oil and gas company, Sterling Energy, has made an informal merger approach to John Teeling's Pan Andean Resources. The all-paper deal is part of Sterling's Gulf of Mexico expansion plans.

Earlier this year Sterling announced the $4.2m acquisition of a 60 per cent interest in the Eugene Island 268 lease offshore Louisiana. Both Irish exploration companies currently own royalty interests in the exciting High Island 52 block in the Gulf of Mexico.

Such a deal would boost the liquidity of Sterling's shares as Pan Andean is probably the most widely followed Teeling company. It is also profitable and currently generates cash, which few of his other publicly-traded companies do.

Synergies could certainly be generated from combining Sterling's proven management team, led by CEO Harry Wilson, with Teeling's proven promotional skills.

David Horgan, Teeling's Pan Andean MD, may be known to readers from his appearances on Questions and Answers and the Vincent Browne Show during the Iraq War.

During 2002, Wilson succeeded in raising stg6.6m for Sterling through the placing of new shares which - in a period of international financial turmoil - demonstrates how well respected he is within the global oil and gas industry.
Charts

Morning all,

Thanks for that post Seawallwalker, interesting stuff. Here's to a good end to the week.

could be a formidable partnership...

Needs some good news again as interest has dropped.

Drilling programmes will be providing newsflow in the coming months - good newsflow I hope.