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

yup, couldn't agree more. are you ex-oil industry?

yes i worked in exploration on semi submersibles, north sea, norway and west africa, for diamond drilling and transocean, when the oil price dropped to 15$ barrel exploration is what the oil companies cut back on, left in 99, been in telecomms ever since, i hear from mates still in the game that exploration is booming again, especially west africa, there was one air france flight a week in and out of luanda when i was there, now theres 2 a day because of the oil business.

anyway mate off for a few beers now, i'm in taiwan rolling out a 3G Network on a contract for nokia at the moment and it's nearly 9pm and i've not had a scoop yet....

speak to you soon

enjoy, i used to work in singapore so know your neck of the woods well. have a good beer, speak tomorrow...

Good rise today.

If it continues, your forecasts will be accurate.

ramraid,

I have added recently, SEY look a good bet to me

I wonder how high they can go, any guesses?

share trader,

my crystal ball is a little clouded at the moment, the one thing i would say is that being a trader myself, i am moving away from that process nowadays, this share is for holding, believe me if you do wish to trade it, just take some profit every couple of months or so, once it hits 20p + it will become very volatile, i've seen it so many times, it could lose 10% in a day easily and we panic, i've done it before, this time once it hits 20p i'm going to try my best to forget about it, we have to , it scares me what this could be trading at in 3 years, this could easily double every 3-4 months til then.the thing we have to remember is that high oil prices are here to stay now, if the supply line in Saudi is hit, we are all in the S***. Mass inflation, high interest rates, unemployment you name it, it will happen.The big players are all trying to reduce they're exposure to the middle east, it will take time, africa, canada, russia, antartica are the places to be, SEY have Africa, cheapest labour costs in the world and drilling starts in a month.

the worst case scenario for SEY in my opinion , is they get bought out for they're licences.the guys who run the company are all ex big noises at BP, they're not stupid, if your going to hold a risky stock, with no risk you have to have SEY.

ramraid, summed up beautifully.

i couldn't agree more. as said earlier in the post, take out some capital when they double and then keep them. there is nothing spivvy about SEY and management over the last year has proved itself by delivering results.

continuing to rise....

Loads of buys, price not reflecting that yet.

Cancel that, there She goes...............

HNR & JKX moving too.

Looks like a pattern I have seen before with the price, is it possible the MM are trying to hold this one back?

i think you may be right, look at the bid price, it's a lot lower than the buy, the swines want people to sell it cheap and then they'll sell it on at a fat premium. good news for us though.

All oil stocks moving nicely today.

seawallwalker,

Chart as requested.

macd signals steep upside from here. i know we are all talking our own book here but i am really confident about SEY...

proptrade,

I'm looking for it to finish higher than 15p, preferably with some volume.

SEY looks a decent long term hold, and the guys running this are a solid experienced team of ex BP people.

couldn't agree more. this is far far from a spivvy emerald and i have every confidence in management. even seems to me that this has bid target written all over it.

i think with the news and vol increase this story may creep into the sunday press. we shall see...

Thanks Andy.

Tells a story hey?

Don't know how it justified a drop back tofay on the strength of one sell of 225,000 when nearly all the rest were buys but there you go!

There's 'out so fickle as MM Folk.

Looks good for a steep upside as ypu say proptrade., agreed in respect of poss bid target, but if not no matter at all.

Lets see what Friday brings.

good to see were on the up again, would be great to end day at 15p, then hold it there next week, hopefully the odd favourable comment in the weekends financial press might help us to push on next week, we've done well this week over 10%, let's hope it continues.........

Good News,
just came upon this on the iii.co.uk discussion board posted today..

The following was on the RHPS weekly update circulated today:-

STERLING ENERGY (SEY): Thanks to its smart acquisition of Fusion, Sterling has an interest in 20 wells to be drilled offshore West Africa, commencing in August. And it is a 'carried interest' - which means that someone else pays for it, in return for a slice of any find. Sterling will also be drilling in the Gulf of Mexico. Any successful strike should propel the shares towards my 25p target. BUY