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

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

Thanks for geraldos article gavin, missed it myself.

Yaaaaaaaaaaaaaaaawwwwwwwwwwwwwwwnnnnnnnnnnnnnnnnn...............

Wrong response.

Now someone has stated another thread.

That's what you get for not talking.

Greetings all,
Back from Florence. Is that a Golden Cross I see on the chart?

Really low volume this morning. Hope you enjoyed Florence Pond Life, looks like a golden cross to me, but I'm no expert on these things.

Pondy - it certainly is a Golden X - telling us mostly what we already know, that the SP broke north recently. It should also suggest that we are good for a continuation of this rise into higher territory. I will be watching for a fall back through the 25dma that this continuation higher may still be some way off and there may be some more dips in between.

It depends how closely you have the time to watch the SP whether to buy and sell in and out of these minor movements, or like me hold for the future and weather the short term variations.

sd

I see from Greystone on the Traders Thread that Investors Chroniclle have tipped SEY today - have not seen article.

sd

stockdog,
have a look at FPA SD

The SEY feature in the IC is on page 27, and is a full page!

It's ok, covers what we already know, mentioned all the drilling prospects, but sadly the journo has missed mentioning TIOF in the article!

he also needs to check where Madagascar is located.

I have rung the IC, and he's away, so I'll send him an email over the weekend.

Not the first time the IC has got it wrong recently, they stated GFM didn't have a licence to mine gold, when they did!

Nice way to end the week. Although the bid is 19.75, MMs are bidding 20p. More to come.

pond,

i think so!!!

nice write up in the Chronicle, should help the momentum tomorrow!!!

Aim,

well we are up .25p, probably MM's rasising the price in anticipation of IC readers generating some buying.

Oddly enough, it wasn't the offer that went up today - it was the bid that ticked up.

Forum Energy floats today epic FEP.

Sterling hold 23% of the company.