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

Yup Dave.

And

Yup prop.

Yup, yup yup!.

(with nobs on........)

Everton V Man Utd. Who do you fancy? Me, well Spurs for the cup who else!

MS

Here, take this sword.

Use it wisely and well.

Well and wisely.

Slay the beast and return a hero!

Slay it and become the Man your Father intended.

Slay the beast and be the One!

Slay the beast or you'll be distended!

Yea, so I say,

Slay the beast!

I prefer the Moroccan stuff my self.

MS

lol

Sterling Energy PLC
31 January 2005


Sterling Energy PLC ('the Company')


Grant of Options


On 28 January 2005 the Board of the Company granted options over ordinary shares
of 1p each ('Ordinary Shares') to the following directors of the Company, at an
option price of 17p per Ordinary Share:


Director Number of No. of Ordinary
Options Granted Shares over
which options
held following
this
notification


Richard O'Toole 500,000 6,750,000

Harry Wilson 1,750,000 9,650,000

Graeme Thompson 1,250,000 7,950,000

Paul Griggs 2,000,000 2,000,000

Andy Grosse 500,000 3,500,000

Elizabeth Butler 500,000 2,000,000

Peter Wilde 500,000 2,000,000

Alan Levison 500,000 500,000




No consideration was paid for the grant of these options.



The period during which these most recently granted options are exercisable is
31 January 2007 to 31 January 2015.



31 January 2005




This information is provided by RNS
The company news service from the London Stock Exchange

any chance of any of us having a piece of those options!

A few days of steady trading in SEY. Options details welcome. Sorry Prop, us mortals are banned from free rides due to inherent unworthiness. Nice support level indicator confirmation though.
Nam

agreed. a vote of confidence at 17p but i think ethically it would had been difficult to justify a sub17p price however tempting.

Perhaps we would (as shareholders) been more amenable to such a grant (sub 17p) ethics notwithstanding had we been given the option to grab a slice for ourselves at a discount. As it turned out many of us had just that opportunity when SP retreated, thus perhaps it's not the option price itself upon which we should be focussing but the number of options granted.

agreed again. it is just nice to have something for nothing!

Yup. I hope the board disagree though. ;>)

Wouldn't mind the 9.5m that Harry's got for myself!

Interesting little article about the GOM here:

Emphasizing the major expansion of the oil and gas industry in deepwater Gulf of Mexico, the Minerals Management Service announces that there were 14 new deepwater startups and 12 new deepwater discoveries in 2004. According to Chris Oynes, Gulf of Mexico MMS Regional Director, "These 14 new deepwater startups and 12 deepwater discoveries show once again that the Gulf of Mexico is alive and well, helping America meet her energy needs. This tenth year of sustained expansion of deepwater production adds further to the success of previous years."

Six of these 14 starts are floating production facilities (two tension-leg platforms [TLP] and four spars) that can act as hubs for future subsea development projects. (See Table 1.) Two of these startups broke offshore records in 2004: ConocoPhillips' Magnolia set the world record for TLP water depth at 4,674 feet, and BP's Holstein is the world's largest producing spar.

"Some of these new deepwater discoveries are opening up new areas for natural such gas development in the eastern Gulf," said Oynes. "The discoveries of Atlas and San Jacinto in the Eastern Gulf have helped bring economic viability to the Independence Hub facility now being planned." Oynes also noted that "ChevronTexaco's discoveries at Tiger, Silvertip, and Jack located in Alaminos Canyon and Walker Ridge respectively, and Unocal's discovery at Tobago in Alaminos Canyon added new excitement to the Paleogene in this area."(See table 2.)

http://www.rigzone.com/news/article.asp?a_id=19914

Long may the momentum continue gav.
Nam

I would'nt worry too much about the Directors windfall. It's a good incentive for the wealth creators and decision makers to get things right. If they make money then so do we. The options can't be excerised untill 31/1/2007 so the next couple of years will be interesting and hopefully lucrative.
Hang on in guy's this could be fun.

LOL

MS

Does anyone have a view regarding the 2007 exercise date? 24 months seems such a short time relatively speaking. Signal of medium term growth 2006 or short termism by the board? Which?
Nam

a good call by non-execs for a change. 2 years is fine for an at the money option and when they are a quid it will look a great trade....

Cheers Prop.

Proptrade

Your estimate for tonight please. I see a draw, but althought not a gunners supporter would love to see a win. And that from a Spurs man!

MS

"2 years is fine for an at the money option and when they are a quid it will look a great trade...."

Will look good for us as well!!!

Agree with Mickey re the draw, might have a bet on it.