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

"Honey I'm back"

MS

hey hey, i am sure camilla will make a lovely consort.

just like old times....MIL jokes, SWW moderating and the only thing that is missing is a recipe for tonight.

by the way just bought a car on the internet...drivethedeal.com highly recommended. this is not spivvy and i have no affiliation to the company but i saved 10% off the purchase pice when the forecourt dealer let me walk away after not even giving me 5% off.

Well 1.5% down to 1,5% up quite exciting for SEY in one day.Have a good weekend all. goal.

come on monday morning! busy weekend with the kids...

a few buyers around in this one this morning.

Yes and a 1/2p up.

I think that the interest is the prelims due early may. (7th ish?).

My prediction based on nothing, is 20p then and sustained from thereon.

If I'm wrong, who really cares?

Not me.

have u reduced much?

70%, I put the money into Hardman where I am 20% up. This was originally a temporary thing, but with the static SEY price I have left it there.

I dont feel inclined to sell those now as there are issues soon to be announced that will cause it to rise imo.

Also there is talk that Sterling have an 85% intetrest in a discovery of 500m bbo which was uncommercial at $25, this is shared with Total.

As it looks like $38 + is here to stay, there is speculation that it may now be commercial.

Guinea-Bissau PGO-3 oil testify to the existence of mature source rocks. In the Dome Flore salt structure, there are 900 million barrels of proven oil in the Oligocene formation, but at less than 500 meters of burial, the oil is biodegraded.
http://www.fusionoil.com.au/company/dome_flore.asp

http://oiltracers.com/oilbiodegradation.html

I got these from car on advfn.

I am sure the biodegradation is not a good thing, but it does also depnd on how much etc.

This may make an appreance in the results.

I would guess the Money Week mentions (twice page 18 and 24) would be enough to cause the MMs to mark it up 0.5p and cause the buyers to come in.

Mark Hall's comment that he expects the SP to rise towards the start of Mauritanian production in 2006 makes sense to me - nows the time to top up when the price calms in between the bouts of enthusiasm.

SD

Well at least it's moving, so should revive interest. This has been ignored for long enough now. As production is due 2006 then a nice steady climb through the year would suite me. Nothing too volatile.

MS

agreed on all the last three comments. cheers guys.

a bit of interest here woould be great again and i agree with MS that pending production should see a steady rise through 2005.

what will be interesting is if the T/O rumours remerge when the SEY interetst in all government projects makes this a real target. If so 2005 should be a great year!

From Killik's morning note today:

"Sterling Energy, the oil and gas production and exploration group with a material stake in the Mauritanian producing assets, is seeing some strength in its stock. The timing of the recent 100 million fund raising short term coincided with some weakness in the oil price which was unfortunate. Nevertheless, with the bulk of the next two years production hedged out at higher prices, and the underlying oil price back up to the higher levels, Sterling is looking cheap."

what a lovely man you are posting that..cheers

who is killik?

Thank you kind sir! Made interesting reading so thought I'd share it with the board. :-)

Lizard - a broker. check out: http://www.killikmorningnote.co.uk/

cheers proptrade

gav,

thanks, im looking to add here, i like the ongoing story, and 2006 may be extremely interesting if oil price holds...

i see sterling as a strong growth story...

Nice to see it down again. Adding

and you are?