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

Good post Prop. Patience is the key here. Hot money may come and go, some looking for a quick profit which is fair enough, but that's not for me. IMO the long term holders will be the biggest gainers here.

Mauritania is just starting to kick off with an aggressive drilling program which is of little or no cost to us. In the Gulf of Mexico, looking to double up production possibly, gas and oil prices reaching new highs. 2005E figures look excellent to me and the results to be released soon will no doubt also be good. Lots of potential here and lots to get excited about, all IMO of course.

of course IMO..i do love that saying.

i also await the results in anticipation. It is this free carry upside that is so damn attractive. do you know the date of the results?

Asked them the date and was told either 24th or 25th. Since the 25th is Saturday would assume we get them tomorrow. Would expect a write up on Oil Barrel on Monday if results out tomorrow. Also good chance of an update in Shares IC etc. IMO of course! lol

Calm down boys. There's been a largish background seller holding this back for a few weeks now.

i am not sure about that...i think that if there is an overhang then when cleared these will spring up when cleared. who knows how large the block is they are selling...maybe mm's will find the other side with the prospective good news on the horizon.

This share always goes down when the price of oil goes up.

That is the pattern.

No panics here, I amy have a few more if it drop another 1/4p

That happened quicker than I thought, just slipped under 15.50, so I have taken advatage by another 20000.

All this after making a few quid on Hardman this morning ;-)

like it...putting your money where your mouth is. nice one.

not sure i agree with the oil price/share price correlation though....

Well it is a pattern I have noticed, I may be wrong, would not be the first time!

Big Al has just commented on the PCI thread, the the FBB is poplated by a bunch of goons, that is more near the mark I reckon.

:-)

SWW, you know i am just kidding...we are all right some of the time and wrong about an equal amount!

waht is that about PCI?

Have a look at Petroceltic. The thread is underneath this one. Dunno if you hold or would in your position, but I thought it worth a small punt so I did.

Price is below what I paid at the moment, so could be bargain bucket time.

On the other hand may be too risky?

looks interesting but i am really happy with my oils exposure right now. i also punt around down in australia, always some interesting names down there...

True.

I do not have the kitchen sink on it, and stand to make a very nice gain, may come quicker than SEY, if it does I will take it and run, unlike SEY, which I will hold for a very long time...............zzzzzzzzzzzz

i know how you feel. when i started this thread i thought the news would come in domino style but instead has been dragged out over ages. the good news is that at least we now have HNR updates regularly.

i have a few AMEC at the moment which is slipping down my leg (so to speak). they are potentially a t/o target according to the sunday times and FT articles. i did some homework and fancy them short term. i am in higher than here but could see them be taken out at 380-400. sorry to mix stocks here but am a tad bored!

That's fine.

I invest in these for exactly the same reason.

What a boring day so far. A snippet from Pre's results just out:

"This is a good time to be an energy producer, particularly in the U.S. where
there is an ever growing gap in oil and gas supply versus demand. Worldwide oil
production capacity is stretched. It takes time to bring new reserves on stream
so unless Chinese demand falls, a continued period of high oil prices look
likely.



Gas is different. The U.S. is becoming increasingly dependent on natural gas.
Demand is forecast to grow by 35 per cent. to 2025. Production has not kept
pace with rising demand. The market price of natural gas reflects the tight
balance between supply and demand."

Well no results today, must be Monday then. Took the opportunity of topping up today, couldn't resist the urge.

Nice big buy today:- 500000

good spot. so when do we see 20p guys, this is so static!

Take a chill pill, guys.