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

Andy, cheers for the feedback.

I see that gav has already found the oil barrel do dah.

Nice presentation, and has been said, nothing we dont knoiw except that Mustang Island has still not been reported on.

Plus it shows High Island 52, whichbwas drilled last year and was a duster.

Not competely accurate then.


Morning all, up or down will suit me.

Down I buy more, up I am happy.

loads of volume today!

Tick down on it's way imo.

WEIRD. mm stock but they are 17 offered off the board...don't get that.

anyway nice 4 million tranche went through. nothing like mopping this stock up...

may try and buy some at 17...

rgds
PT

prop I am quoted 16.97p for 20K which is around 117k shares.

Bit toppy.(top end, may be no tick down then.

I'm waiting for a better price.

Now quoted 16.88p

evo on their own on the bid

Which is???????????

16.75 (evolution)

16.75p I assume.

Holding it up are they?

Let it fall you fools.

I want more at 15p

1m trade just gone through

Gav,

Several tasty buys have gone through just after the bell!

Three T (protected) trades, one for 2,350,000 and two 1 million trades.

interesting...

Not sure about the 2.35m trade, perhaps a sell that has just been completed? I give up trying to figure out T trades, hurts my head in this heat! And I'm hungry!

gav,

LOL!


This was posted on ADVFN yesterday by the poster "poo bear", who has kindly allowed me to post it here.

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From Harry Wilsons email to me.

"I would also like to clarify exactly what our interest is in PSC B (which includes the Tiof field). Firstly, we receive a "discovery bonus" from Premier of $2m for each new discovery over 50 million barrels declared commercial - there are presently 3 potential field developments where this might apply - Tiof, Tevet & Banda. Secondly, we receive from Premier a "sliding scale royalty payment" on 6% of the gross production taken out of the license (this will be reduced by the government back-in where we also have an interest). By way of example, the sliding scale royalty is $2.75 per barrel when oil price is $28 - 31 per barrel and $4.75 per barrel when oil price is $40 - 43 per barrel. This royalty payment comes to us without any costs apart from tax. So it is clearly in Sterling's interests to see as much drilling by the partners as possible in the license. I hope this is clear."

In addition to PSC Area B, PSC Area A = Fusion group companies 4.615%

Fusion is a wholely owned subsidiary of Sterling Energy

Andy,

Thanks for that. Its similar to an email I got back from SEY in Feb of this year when I was asking them something.

Looking at those late buys, this is a pattern regularly repeated now for a while.

Continued sustained selling, mostly retial throlughout the day, followed by wacking great buys on the bell.

Amvescap PLC coughed to having quite a big interest recently, (228,316,615 = 16.38% )

If they have increased again, then we will know soon enough, if they have I will take that as a sign that we should all have another dip in at these prices.

Tom Bulford in RHPSG has a buy limit of 16 which is as good a guide as any - but what's the odd penny matter looking a year hence, except the fun of playing the game as well as you can.

We've had the curly locks rising up the righthandside of the inverted head & shoulders and today the right epaulette was drawn in. Will we now see the rise spread up the right arm towards tackling the 18.2-18.6p right way up h&s previous highs - or will we create one side of a small SEQ-like chip on the right shoulder with a dip down again tomorrow? Is so, will the SP be deemed to have failed its assult on the 17p resistance this time around, will it retreat further and for how long before the next attempt? Will this be a buying opportunity? Are we nearly there yet, daddy?

Questions, questions - we'll know the answers tomorrow.

sd

SWW, if Amvescap have been buying more, then as I understand it they wouldnt have to report it until they moved above 17%. I think they way that buying or selling in a company only has to be reported is if the holding moves up or down 1 percntage point eg - above 17 or below 16. I could be wrong and if I am could anybody advise the correct procedure.

SD, that sounds awfully technical on a warm night like tonight! Cheers for the heads up on the RHPS, but as you say, whats a penny by 06. I find myself saying the same thing on many occasions, questions questions questions! Was good to see the young Scot thump that Czech at the tennis today! :-)

Roll on tommorow, oil pushing $60 and the Dow took a beating tonight.