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

Price ticking up nicely

sidtrix
See this thread on the other side http://www.moneyam.com/TradersRoom/ShowPostList?fID=1&tID=2973 for book sugestions

skg

Gav if you recall i spoke to Harry Wilson in February about the lack of news releases affecting Sterling particularly around theAfrican drilling, it seems since then, that Sterling have not missed one.

A lesson learnt I feel, and good that they listened to a small investor.

The evidence of what an RNS can do is supported today by the large buys of Sterling Stock.

All good imo

dont have access to the Traders thread yet :) Cheers neways!

ANOTHER 500,000 at 15.75. up, up and away. only one punter on the offer now at 15.75.

SWW, I remember now. Here's hoping that Harry listened to you and that they will be releasing their own RNS's when updating the market, as ROC and PMO did last year.

Prop, I take it L2 is looking good?

Interesting couple of late trades. A 4 million T trade has just gone through @ 15.23p lcosely follwed by a 4 million B trade at the same price. Have we now cleared the distressed seller that was being spoken of a few days ago? If so it augurs well for tomorrow. Any views?

Graet day for SEY

Not too bothered about the late trades as one looks to be the same trade crossing.

Up at ask of 16p at close, so we will wait to see what the drill targets does in the middle of the month.

Hopefully they will do a few in PSCA abd PSCB in which case we can expect more upside in the short term.

prop, was the 1/2mil yours???

From tonights UK-Analyst email:

"Hardman Resources saw its shares firm 4.25p to 79.5p after it announced that the first phase of drilling had been completed at its Chinguetti development. The drill program, based offshore Mauritania, included 5 new oil producers and 5 water injectors to maintain reservoir pressure. Indeed, there were no holes barred as Hardman pulled out the big drills to get what could prove a highly successful prospect underway. The initial signs are good - drilling results at the Chinguetti field were positive, meeting or exceeding internal expectations, thus removing at least one significant element of risk by confirming that the volume of oil is at least as expected."

only way to learn trading is by experience if interested approach prop trading co's in the city- avoid futures.

Morning all, it's a bit slow at the moment but it's blue.

Due another tick up on the bid shortly. I've just done a dummy sell online with Barclays and been offered 15.5.

Morning all, thanks for that Pond Life. I understand that we get a mention in this mornings Express but can't find it online.

one guy on the bid and one on the offer. with the trades going through there is definately an order out there. i would be surprised if the price doesn't move today...

Cheers, bit of a quiet day all round really. Another move upwards would set the weekend up nicely!

Delayed trade of 4m+ at 15.5 just gone through. Seems an odd amount.

Yeah, can understand the 272 shares sold earlier on (huge profit taking amount) however dont understand the 4,474,321 (probable buy?) just shortly after that!

Looks like the guy who sold the 272 shares will be kicking himself **tsk tsk**

proably a seller? getting out of his 17p stock? clearing an overhang?

Sort of what I'm thinking as the amount does seem strange, but I could be wrong. Perhaps the other trades at 15.5 are sells also. If it is a sell then hopefully seller done now with that trade. Lets see what this afternoon brings.

exactly. classic overhang, MM's will be taking on the balance when they think the seller is almost done and next stop 17 bid. easy.