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

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.

i am going to be contrarian. i think either Arsenal will win 2 goals clear or the scoreline will be 2-1 to the gunners. don't know why but i feel good about tonight. taking a united fan to the game as well so should add to the amusement factor. (for some unknown reason my closest friends are either united or spurs supporters!)

gavdfc - will look ever so good indeed!

I'll be watching so give me a wave. You friends have good taste well at least the Spurs supporters.

MS

At 1 each I might be able to afford a property in which to put my new chair.
Nam

what chair? not a lazyboy with a fridge!

At 1 I'll get the rust spots done on the car.

More ivory tower/dreaming spires but thanks for the sentiment Prop :>)
Nam

hey, the fact is i am out way south of a quid but will be happy with a quality turn of a few bags!

MS, you missed the point, FOR 1 you could get the rust spots done. i really appreciate your dedication to this board with a your entire holding of one share of SEY. who chipped in with you?

LOL
PT

:>)