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

Evolution have issued an updated Sterling(SEY) note. They have a, somewhat demanding, target price of 29p against the current share price of 16p and a core value of 19.3p.

I do not have acess to the whole thing, this is from TMF.

But, here are a couple of snippets from it...

"We estimate Sterling's core value at 19.3p/share. Sterling still offers strong upside potential to its core value together with risked exploration potential outside Mauritania, which we estimate at around 29p/share.

Deal will boost cash flow 3x in 2006 as the Chinguetti field comes on stream, but is dilutive to earnings and cash flow in 2005 due to the increase in the number of shares.

Based on our forecasts for 2006 cash flow from operations should increase from 20.6.m to more than 60m and cash flow per share from 2.4p to 3.9p. At the current share price this would put the stock on a 2006 forward cash flow multiple of around 4x."

oh how they underestimate this one!

Has anyone got the whole thing please?

MS,are you going to the liverpool/spurs game on january 19th at anfield ,,f.a. youth cup.

prop at least it is positive...............

So we have to wait till February 2007 to get 2 per share, so what? (lol)

Really, I think they are erring on the cautious side. After all they can not be sure how much oil is coming out if Chinguetti till it does, plus production multipies by 4 in 2007according to targets already posted on this site.

Then of course they are allowing what per barrel?

Not $40 I would think, probably going for around $36 and if it is more then the return will be more.

May be worth an extra wait but ay least we know the money is safe.(ish)

As an aside, it really is time for those poor sufferers at PET to be told what the heck is going on!

Not right to carry that over Christmas.

Harry, phone John up and tell him to come clean please.

Thanks

Evening all
Mince pie and shortbread baking here tonight.
Nice to hear some positive news ( for a change) more please!!

Yum yum!!

Oooops...seem to have spilled the brandy. Luckily my glass was close by.
Cheers everyone!

Ooooooooooops.................a cork just popped out of a wine bottle.

Hmmmmm.......... what to do?

Ah Heck............

Cheers!!!!

Mmmmmm cointreau tastes very nice in shortbread...almost as nice as over ice....cheers!!

Oh look!

Someones left some mince pies out......................

So this is where you live sandrew64?

Nice mince pies.............

Not me. I'm still pouring brandy in the mincemeat. But the shortbreads are in the oven!

That will be potent mincemeat...........lol!

You're all stark ravin' bonkers - but I love you. Season's greetings. Pass the sherry (hic).

Well I've done everything I'm supposed to do so tonight it's wrap the presents time. Accompanied by the obligatory G&T or several. You need several to wash down the sausage rolls and mince pies. You guy's who have kids don't forget to take a bite out of the carrot and drink the sherry tomorrow night. I'm gonna take a few viagra just in case santa is female and fancies a bit. Four should do it, no better not I'll just have a couple other wise I'll be putting a smile on Rudolf's face as well.

MS

Happy Christmas Everyone!!!

Just popped in to have a look around, had to check to see if I was in the Tea rooms. Happy Christmas all you energetic people!