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

Lucky old Florence, PL!

Nice hoover up of stock in the last knockings.

Apparently some sells were buys, that's from the other channel.

That being the case, there may well be a mark up tomorrow.

Yeah, it's great news to end the day with those large buys - should move back up above the 20p peak tomorrow. An EOW of 20.25p would be a good place to be.

The chart is already looking very strong with a highly defined upward channel and the 50dma looking decidedly predatory towards the upoward moving 200dma - saying grace for a golden cross? On the other hand, the usual indicators are suggesting we're a bit overbought, so we probably need a bit of consolidation before the next hike up to 23-25.

Q: Is a golden cross a holy grail? Discuss.

sd

stockdog,

Well technically it's bullish, so can't be a bad thing surely?

I would like to see 20p or above by the close tomorrow, and those last minute large trades may help when the market reopnes in the morning.

Given the "cross-references", I would expect it to be papally bullish at that too!

time to give up and go home!

sd

come on sey!!!

why the drop? hoping to see the run continue, lots of prospects for next few years and African production next year!!!

Returned from US last night
Hope none of the team hurt in the London problem
Watched Union flag flying over State Dept in Washington and thought about you guys
SEY seems to be on an up - I must go away for four weeks more often
Thanks to the bb contributers for the continuing content even I can get upto speed again , which is more than can be said for this b----- pc which doesnt want to cooperate
Best wishes to all.

Amvescap added another 2.9m.

Sorry , here's the link.

http://www.companyannouncements.net/cgi-bin/articles/20050722111500Z9225.html

i really think these are consolidating at 20 and then a new trading range is set...20-26p.

Would be happy with that going into the end of 05.

With 17% to Amvescap and around 10% to Westmount, does this look worthy of anything by way of specultaion?

SWW - am intrigued by "specultaion" - a brand of strong beer, perhaps!

Thats a decent sized holding that Amvescap have here and it's also good to see them buying at these prices. I'm assuming that the 1.5m T trade of yesterday was part of their latest buying of the 2.9m announced today.

SWW, Westmount hold 5.02%.

Looking at the 04 report and accs, it gives the major shareholders:

Amvescap now 17.07%
Westmount 5.02%
Goldman Sachs Group 3.18%
Moore Credit Fund 3.06%

UBS also announced a holding of 4.34% on the 7th July.

Major shareholders hold 32.67% plus the directors hold 3.56%

Shouldn't try to recall things from memory at my age!!

Now, where did I put my dinner???????????

are you having a nice piece of fish tonight?

CBM moving nicely. bought some at 128 last week. fancy a bounce north of 150...

fish?

Fish?

What now for the price of fish?

I see others elsewhere are coming to the same conclusion I have done for a while that Sterling may be on someones shopping list.

The Amescap build up is not for nothing imo.

Time will tell, but I think soon.

Thanks go to thegreatgeraldo on TMF for finding this interesting article. Who are Stirling Energy though??? Here's a snippet.

Exxon Mobil last week surprised its peers by buying up rights to explore 13,100 square miles of northern Madagascar from UK company Sterling Energy, which will keep a 30% stake.

Harry Wilson, Stirling's chief executive told The Business: "The big companies are waking up and pushing out their risk profile. Just a few years ago I wouldn't have had anybody join us in Madagascar. It's not moose pasture [acreage with no chance of oil]; it's not prospective; it's just pure frontier exploration."

He sees the major oil companies piling into East Africa over the coming year, taking interest in oil licences being offered in countries as unlikely as Tanzania, where Shell already has licences, Kenya and Mozambique.

UK gas group BG Group, for example, says it is looking at taking its first positions in East Africa, targeting the shallow water, which is expected to hold gas, while the deeper waters appear more oil prone. An executive said: "There could be an oil kitchen that's never been drilled in deep- water East Africa."

East Africa was ignored in the past because it was both further to markets and less prospective than theWest, but it is one of the very few under-explored areas left. In West Africa, conflict has left the waters of Sierra Leone and Liberia relatively ignored, drawing interest from Spanish oil major Repsol and Australia's Woodside.

Of the super majors Exxon Mobil is the most active in the chase for the next big province. The others have tended to leave frontier exploration to smaller, more entrepreneurial companies like Stirling.

The full article is here, still can't get the links posting right!

http://www.thebusinessonline.com/StoriesAll.aspx?StoryID=48334B42-9402-4564-9965-82C00CE4BDFA&SectionID=BA48E3D7-CCB9-4976-883F-EE19F9206FB3

Having been away for 4 weeks I spent some time going over recent SEY info. to test my position.
It looks to me that management have avoided the dangers of the ego trip, and are keeping to the game that they understand
The Exxon deal being an example
They seem to have spread their risk profile and realise the benefits of using other peoples expertise (and their cash )
Apart from the obvious such as dust in the hole, their biggest risk in my experience is the unpredictable nature of the politics where thet operate.
Governments in resource developing countries do have a nasty habit of " renegotiating" their share of the deal when the size becomes public.
The association with big company players could help them there.
The opportunity to make s with SEY is probably stronger now than a month ago - they seem to be doing the thing right