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

Thanks to Jimmyboy63 on TMF for flagging this artcile up by T Boone Pickens, well worth a read! A snippet:

"Let me tell you some facts the way I see it," he began. "Global oil (production) is 84 million barrels (a day). I don't believe you can get it any more than 84 million barrels. I don't care what (Saudi Crown Prince) Abdullah, (Russian Premier Vladimir) Putin or anybody else says about oil reserves or production. I think they are on decline in the biggest oil fields in the world today and I know what's it like once you turn the corner and start declining, it's a tread mill that you just can't keep up with."

http://www.peakoil.net/BoonPickens.html

This appeared in Business Weekly yesterday:

"AIM listed Sterling Energy, the oil & gas exploration and production company based in Harpenden, has sold its Philippines gas assets to Forum Energy Plc in return for an equity interest of 23 per cent in Forum

While the deal is subject to shareholder approval, more than 80 have already undertaken to vote in favour at the EGM on May 18. It is intended that Forum Energy will seek admission to AIM later in 2005. Following the disposal, Sterling Energy will be focused on its core areas, the Gulf of Mexico and Africa"

http://www.businessweekly.co.uk/news/view_article.asp?article_id=9386

Strange why they are reporting old news.

Mmmmmm.............

But is is at least reported..........

proptrade,

Any chance you could add the link through to the SEY website in the header pls?

TIA

prop,

I found this little graph on the SEY website, production is increasing nicely!

Sterling recommended as one of five stocks for 2005 to hold against the bear market by MoneyWeek this week.

stockdog,

Thanks, what were the other four please?

Andy,

Thanks for putting the chart up. I do like the way production has doubled from Q203 to Q204. Also of note is the sharp rise from Q104 to Q204. :-)

Stockdog,

Cheers for the heads up on the MoneyWeek article, although I would argue holding into 06 for Chinguetti to come on line.

Looks like these are not coming today.

Some say the 11th over on the advfn.

Strange, as I was told the 9th by the company.

To withhold it by a couple of days may be for a reason, usually a deal in the offing.................

Just speculation.

Could be. However, aim companies don't have to give official notification of the exact date to the market, so could have been delayed for a number of reasons. Perhaps Harry just wanted a few days holiday, they have been rather busy lately!

i thought 11th?

Concur with lizard, ive got results pencilled in for weds 11th (not sure why though)

I emailed them on 25th April and was told the 9th May. But since no results so far, looks like date has been pushed back.

morning....Link should be there soon (Andy) with a little help from those very nice men over at MoneyAM.

Just called the company and spoke to a lovely lady and she said that all things being equal (her words not mine!) the results should be out on the 11th. hopefully that clears stuff up on this thread!

Cheers, clears that up then.

it was just one of those monday morning thread chats and i was thinking it needed to be nipped it in the bud!

i have to say when i mentioned i was a shareholder and said i was most looking forward to the results she sounded in a pretty good mood. I am not giving anyone some ramping news because she really didn't give anything away but it was just a simple two minute positive general chat.

Well I would expect the results to be pretty good. Production doubled from 03 to 04 as Andy's chart showed so I'm looking forward to Wednesday's figures. Would think that Evo's may put out a new note on Weds and should get some decent publicity.

I just had a really nice sandwich...............