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 to see the directors adding to their holdings, especially when they already own quite a few. And nice to see Amvescap buying some more. I'm assuming then that we won't see a drilling update from the Gom at the end May now since the directors have been buying. Could be wrong though.

Just found this on Oilvoice which is of interest to us. They have started a Gulf of Mexico facts section as a part of their website. Not had time to look around it but could be handy.

http://www.oilvoice.com/m/gom.asp?pageType=gom

gav,

Yes I would think you're right.

There's nothing like putting out some "good" news to take the focus off a delay!

Am I becoming too cynical?, Maybe I need to work for Alan Byers!

I wonder where Jo Moore works now?

Proptrade..why has the note from Amvescap not been put up on the LSE website?

Andy,

I wasn't assuming any delay as such in getting the results, but you could of course be correct. I was just assuming that they would be in a closed period in the run up to publishing results from the test. I'm not too sure exactly of the specific rules for director buying over such a period, so thats why I said I could be wrong.

no idea. maybe a delay. i saw it origionally on dow jones newswires and then here as well...

sidtrix - It's on UK-wire http://www.uk-wire.com/cgi-bin/articles/20050519112300Z6230.html

7.5 million sells & 2 million buys in 5 transactions.... hmmmm something is happening here but what???

SEY recommended as a BUY in tomorrows IC.
reports huge increase in reserves and valued far too consevatively.

I'm assuming then that we won't see a drilling update from the Gom at the end May now since the directors have been buying.

Would seem that way.

In respect of the buys and sells, I reckon the sells could be buys as they are not rock bottom bid price. Just guessing though.

Also the fact that the Driectors have bought is a clear signal to the City that they have confidence, nice whenthere is so much turmoil in the sector.

Can't say they are not trying............ depends on who is taking notice.

Others elsewhere are buying today, their buys are being reported as sells.

Nothing new here then!!

SEY went down .5p in the end, quite staggering really, and the chart looks awful!

So today we had two RNS, director buying, and a fund picking up a large chunk, and also news that SEY are being recommended in the IC tomorrow, and we went DOWN?

Don't want to see what happens on a bad day!

lol

Fall out from the RPT mess.

yup. back up on news

Investors Chronicle item, (edited), taken from iii and posted by that nice drop dead gorgeous Andy Reilly.

STERLING ENERGY (SEY)

A doubling of production from Sterling's Gulf of Mexico Osprey assets was behind the surge in the company's profits................... But, with Chinguetti coming on stream, cash flow should increase next year.

Buy



Ooooooooo I could eat his socks.

SWW,

Yes, that article is nicely written, must be good for a .25p rise early tomorrow am!

Morning all, this may be old news but it came in the Money Week mag today... This year Sterling expects to double gas output & receive higher gas prices than in 2004. The implications for profits (up 130% in 2004) are "mouth-watering.BUY. The Times. Regards goal.

Did you see that! as soon as I put post 4043 on the bb SEY went up 1.7%.

lol, do it again and see what happens.