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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

philfolio - 15 Feb 2005 08:05 - 3320 of 7811

Looks dead....

seawallwalker - 15 Feb 2005 08:07 - 3321 of 7811

Give it a poke and see if it stirs..................

philfolio - 15 Feb 2005 08:08 - 3322 of 7811

I've already poked it too much

seawallwalker - 15 Feb 2005 08:13 - 3323 of 7811

Hello Sterling Board.

I know you read this thread for my recipes.

May I suggest a little RNS reminding the Stock Market that you own a large slice of Tiof revenues?

If you dont, then it will go all pussy and pop on release of your end of year and you dont want that do you?

Thank you in anticipation.

philfolio - 15 Feb 2005 08:48 - 3324 of 7811

Should have bought HNR....

seawallwalker - 15 Feb 2005 08:53 - 3325 of 7811

Yes.

stockdog - 15 Feb 2005 08:55 - 3326 of 7811

I believe Sterling own none of PSC B - only PSC A via Fusion Oil which it bought last year and Chiguetti via its Mauritanian Government interest which they paid $97 million for last year.

All efforts from the drilling contractors has been on PSC B and Chinguetti in recent months. When are they going to develop PSC A which directly afects Sterling?

I keep the faith, but I detect it is becoming a lonely watch.

SD

proptrade - 15 Feb 2005 09:00 - 3327 of 7811

i think we are missing something here....

seawallwalker - 15 Feb 2005 09:02 - 3328 of 7811

sd sorry you are wrong.

They have royalties on PSC b of between 2 and just over 4 dollars a barrel from PMO and around 7% royalties on Chinguetti as well via the Mauritannian Government deal. That one heck of a lot of cash even at $25 per barrel over the life of the field.

Sumarising, they have a direct interst as you say in PSCa and a dual royalty interest in PSCb.

seawallwalker - 15 Feb 2005 09:03 - 3329 of 7811

prop we are missing a press release from Sterling.......................

No one seems to be connecting them with this, again!

The ask is dropping, it would be a good time to buy if the price was doing what it should do.

As it's not, I won't bother.

proptrade - 15 Feb 2005 09:07 - 3330 of 7811

lets send them an email!

stockdog - 15 Feb 2005 09:08 - 3331 of 7811

Seawallwalker - sorry, I must have missed that about PSC B - where is it mentioned? Apologies for ignorance.

SD

seawallwalker - 15 Feb 2005 09:12 - 3332 of 7811

sd, dont apologise, no need.

This about covers it, from the Sterling web site.

http://www.sterlingenergyplc.com/news/woodside_drilling.pdf

seawallwalker - 15 Feb 2005 09:13 - 3333 of 7811

prop, I will if you will, they need a kick up the bum............

all imo etc.

seawallwalker - 15 Feb 2005 09:17 - 3334 of 7811

Here is what I sent.

Like my last to them, I doubt they will reply or take any action.

Starts.

Title :- Tiof 6.

Hello.

Is there any chance you would be kind enough to issue a statement the Stock Exchange concerning the above success in Mauritania.

I understand that Sterling have a 6% interest in the Tiof Field.

As a shareholder, I can not understand why the Company do not make capital out of good news like this.

Yours

stockdog - 15 Feb 2005 09:18 - 3335 of 7811

Thanks, SWW.

proptrade - 15 Feb 2005 09:20 - 3336 of 7811

you are the man.

sandrew64 - 15 Feb 2005 09:44 - 3337 of 7811

Thanks for that SWW..perhaps SEY have a PR vacancy they need filling.....desperately!

seawallwalker - 15 Feb 2005 09:59 - 3338 of 7811

I wonder if they are doing this deliberately to help their institution buddies get cheap stock!

God , how I hate to mention the possibilty of a conspiracy, becuase I know prop hates that!

It is odd that they say nowt all the time imo.

seawallwalker - 15 Feb 2005 10:01 - 3339 of 7811

Well it did not move, extraordinary.

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