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

Nice find SWW. A couple of things stand out from it.

"For a start, there are the producing assets in the Gulf of Mexico, where the company has over 60bn cubic feet of proved and probable gas and equivalent under licence. When possible reserves are taken into account, that number rises over four times. Appraisal wells are currently being drilled and, according to Mr Wilson, this year's production from the area should be in line with expectations.

What is so attractive about the Gulf of Mexico assets is that they are up and running, providing cash flow and profits. So, if Sterling's exploration projects ever hit a lean patch, or the development projects develop glitches, there is some insulation."

This is important IMO and is why SEY stand out amongst the other junior oils. The appraisal wells could be what the Guardian was hinting at.

Mmmm.......... yes. I agree with you, that could well be it.

I will speculate that one of the appraisal wells has hit a more than expected target, hence the comment and the reaction.

We all know Sterling, they will say nothing at all, or leave it till the finals to say, oh by the way.............

Well we knew that they were looking to increase production from the GOM, but there's been no RNS's to say if they have been drilling appraisal wells. Not sure if they would release any stating that they were. But they should once results are known.

On a different matter, I've been in touch with them re the Gabon as a well was planned for 4Q4 at Iris Marin. When I get a reply I will post the details if any.

Proptrade,

I've no position in SEY at the moment and don't have a signal to enter the market one way or the other right now. I certainly wouldn't buy on the back of a tip in the Chronic Investor and disagree that "the company's fundamentals remain the same" since the fund raising.

Mickeyskint, I think your spot on . Troubles ahead this year but even worse next year. I have been reading this thread for months,good thread, no bull, the cooking tips are a real gem.

Hils..i don't know why you thought the post was aimed directly at you!

anyway i couldn't agree more about the IC. when i was market making it was suvch easy money...tip on friday morning, short a few and buy them back in the afternoon or the latest by about tuesday morning. happy days!

kyrit see you already got there, so it is an IC article.

Well, I wonder what Uncle Harry was up to in Mauritannia?

He wasn't just looking at the scenery thats for sure.

The Chronic Investor , LOL

Baaa. I spy 'sheeple'. Nice uplift though.

Right.

I am going to have a 30 minute doze.

Do not touch anything while I am gone.

Did you hear?

Oy!

You at the back....................

Okay.

I'm back.

Carry on.

guys,

thanks for your recent replies re: stock overhang, understand a bit more now, always learning, and this is a good place for info...

great increase in the last couple of days, moving back towards being sensibly priced i think.

oil rising in NY according to bloomberg...

only happy to chat terms, swap ideas and recipes as much as ever!

Plenty of buy's today, let's hope for good things on Monday. What's everyone doing this weekend?

MS

Football

Youngest is playing the penultuimate match.

Need to win to make sure but they are playing the bottom of the table team so.................


http://www.sdjsfl.co.uk/Under15/BDiv.asp?Page=League%20Positions

They are Hawkwell U 15 (2) by the way.

My internet is sloooowwwww toooooodaaaaaaaaaay

I'm off for my first golf lesson tomorrow. Has anyone got any tips for me...have a horrible feeling the rain will tip down.

Try to hit the ball................

You know me too well SWW.

sandrews

they should teach you the grip and stance, but after the that dont get too hung up on the technicalities, try and get a feel for what feels comfortable - initially your head will instinctively lift as you swing, you need to keep it down so watch a spot 1/2 inch behind the ball.

But the most important tip is enjoy it!!!!

As for SEY, nice to see the price rise, danger being its the typical IC reaction and by middle of next week it will dip back to where it was before - lets hope not