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

guys...advfn is rubbish as usual. please make the call yourself if you don't believe it.

SWW...u are all heart

prop, I believe.................

and thanks.......................

I made her a cup of tea as well now................

I suppose I had better get on a do a few chores, or shall I have my afternoon snooze.

I may have to tell her to muffle the hammer........

its only fair...i mean you are trying to rest.

the 7 mill trade was a buy, look at the time, 11.04am, just reported late after the ask went up......

Plenty of action today.

Mind you the last one was a sell.........

Oh well, time to stop watching........

i watch all night...

As prop said yesterday results are definitely tomorrow, the advfn poster decided to really phone the Company this time and got that reply.

That just about sums up why I do not rate advfn for facts.

There are too many made up facts available there it seems.

Can't fault Sterling for being willing to talk to their shareholders, same every time by phone or email.

Good for them.

From a decent advfn poster who does not deal in bullsh*t.

barryrog - 10 May'05 - 17:23 - 4976 of 4977


Gryphon2,
I agree, i have been saying that for months.
Small caps are getting hammered at the moment, even the good ones.
SEY to be included in 2 new Indexes to be launched 16/5.
FTSE AIM TOP 50 and FTSE AIM TOP 100, could well attract some additional funds from Institutions.

SWW

have a look on the day traders thread, there is a post in detail about this and all the components listed

fundy thanks, I will.

regards

sww

Cracking set of results, just a snippet.

PTH

Sterling Energy PLC
11 May 2005


11 MAY 2005

STERLING ENERGY PLC

2004 PRELIMINARY RESULTS

ANOTHER YEAR OF SIGNIFICANT ACHIEVEMENT

Sterling Energy, the AIM listed (symbol: SEY) independent oil & gas exploration
and production company, today announces its Preliminary Results for the year
ended 31 December 2004 together with an update on progress since the year end
and the outlook.

2004 Highlights:

Revenue more than doubled to 11.5 million
Pre-tax profit up 130% to a record 4.2 million
Operating cash flow increased 144% to 8.1 million
Production doubled with year-end rate of 10.2 mmcfge/d
Successful placing of shares at 17p per share raising 97 million
Funds principally used to acquire c.8% economic interest in the 75,000 bpd
(gross) Chinguetti development, offshore Mauritania
Net proven and probable reserves up 450% to over 21.6 million barrels
equivalent
Life of US interests extended to 15 years
New exploration acreage acquired in Madagascar

2005 Progress and Outlook:

Chinguetti development on track for first production in Q1 2006
Agreement reached to sell non-core Philippines interest to new company
intending to float on AIM in 2005
Virtually carried through an 8-10 well programme in Africa
Farmout completed in AGC, retaining 30% interest in 800-1,000 million bbl
of in place heavy oil discoveries
Further farmout activity expected
New licence, exploration and production interests being sought ahead of
anticipated significant increase in cash flow when Chinguetti enters
production
US drilling and workovers programme aims to double production there by
year-end



Harry Wilson, Chief Executive of Sterling Energy Plc, said:

'This has been another year of significant achievement for Sterling. We have
moved strongly forward on both an operational and a strategic front. The next
few years offer many further exciting opportunities including the anticipated
significant increase in cash flow from our Mauritanian interests and the
prospects from a substantially increased exploration programme. These will
ensure that Sterling is well placed to continue to exploit the growing
opportunities in our industry.'

Great stuff Sterling.

Better than I expected.

Anyone else up yet?

Well I'm off out so I will catch up with you all later.

Excellent set of results. Highlights:

LONDON (AFX) - AIM-listed Sterling Energy PLC, the oil and gas explorer and producer, said it is well positioned to take advantage of growth opportunities, after sales in 2004 doubled to 11.5 mln stg and pretax profit increased 130 pct to 4.2 mln stg.

Proven and probable reserves rose by 450 pct to 21.6 mln boe. Operating cash flow grew 144 pct to 8.1 mln stg, according to the preliminary results.

CEO Harry Wilson said: 'The next few years offer many further exciting opportunities including the anticipated significant increase in cash flow from our Mauritanian interests and the prospects from a substantially increased exploration programme.

'These will ensure that Sterling is well placed to continue to exploit the growing opportunities in our industry.'

During 2005, Sterling Energy expects to drill up to six exploration and appraisal wells in the Gulf of Mexico and intends to double production by the year-end.

Sterling said it has used the futures markets to sell approximately 10 mln usd of gas this year at prices averaging 6.20 usd per thousand cubic feet of gas equivalent (mcfge) as part of its risk management.

really excellent results. time to be noticed by the majors.

proptrade,

Yes these superb results must surely make a few people sit up and take notice.

Surprised to see the price static after such an announcement to be honest.

indicative of markets unfortunately. AIM is consolidating and a static price indicated more of a flight to quality than some of the dross which is rightfully collapsing.

i think going forward we will see a few shell names being crucified and the wheat being sorted out from the chaff.

no more market proverbs...at least for the rest of the day!

Just bought 3k worth @16p .... hope these dont fall (never good at timing my buys)

Surprised after such results these babies are not moving up??? Anything we should know other than the market performing badly???

No position atm so I'm neither bullish nor bearish, but it looks to me as though the dilution from the Mauritania deal has killed the prospective eps growth which was being priced in last autumn. Straight out of a Jim Slater novel.

Fully diluted earnings per share, which reflects the potentially dilutive impact of options, was 0.33p per share (2003: 0.33p). This is despite the impact of the shares issued for the Fusion takeover in late 2003 which was exploration focused and the 97million placing in November 2004, the shares for which affected the computation since their issue.

Future growth is definite. The share price movements are the result of manipulation.IMO