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

Supress is the right word.

1m buys and the price goes down!

Maybe the mm is a Bear?

doubtful. probably just touching down on their positions ahead of news. wierd day today.

wish I had some cash to buy some when they're at this level

SEY just been a suggested 'buy' on Bloomberg!

MM bought 1,000,000 shares at 16.15 on Friday. Something is brewing.

onwards and upwards today - the MM was right eh?

There is a comment on iii BB saying that there was an item on Bloomberg TV last evening about Shell being interested in a venture where Sterling own 6% Oil Fields.

The BB speculates that this refers to Mauritannia??

Sounds right.

Did anyone see the item to clarify please?

Can't find a reference anywhere else.

All.

I appreciate it easy to get carried away with this question and any implications, but bear in mind they may be nothing to it.

martinslade

Just read back on this board, did the buy recommendation accompany anthing else or was it a stand alone comment?

It was a stand alone stock pick recommendation from a fund manager who was being imterviewed. The section was about 4-5 mins long with a look at the 12 month stock graph - there was NO mention of Shell.

There is a big write up in Fleet St Letter re energy ie oil and a forthcoming shortfall . Sterling is one of the 5 shares they tip .....Ladron

Thanks martin and Ladron

Probably wishful thinking.

Unlikely to be two items in respect of Sterling I would think.

Stand down.

:)

hi all, off for a week and it all goes quiet...too quiet!

i have a good feeling about this week. i am adding tomorrow.

rgds
proptrade

ladron,

sorry to ask this, but what were the other four?

Good news in respect of the Gulf Operations.

Hurricane Francis missed the platforms and has gone onto land with winds now of 35mph.

Source, Eye of the Storm.

Well nothing else is coming out so why not a weather report???

it has been rather quiet....is it the sport or entertainment report next!

anyone have any idea of when we will next have some data?

Thanks for the weather update SW! Emailed the company this morning for the date of the results and was told 24th or the 25th. Something to look forward to.

cheers gavdfc.

You're welcome Prop. Looking forward to seeing the results. Said they would also post me a copy when they are released, some light bedtime reading!

Woodside DJ:-

Warned on Weds of the risk of a dry hole as it prepares to kick off its $100m+ Mauritanian explo program.

CE told DJNW at the World Energy Congress in Sydney that the first well will test Dorade to the south of the existing Chinguetti and Tiof discoveries.

"We are highlighting that Dorade is a very high risk well.... and we think that it has a strong possibility of being a dry hole," "but if it does work it opens up a whole new area,"

Two drill ships contracted by Woodside arrive in Mauritania over the next few days.

"Thelast time I saw the schedule it was 9/9 and 11/9."

http://sg.biz.yahoo.com/040908/15/3mzea.html

This is only one well.

If Woodside really thought it dry, would they still drill it??

I don't think so!