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

Hopefully by next week we will know a bit more if we were affected by the storm or not. From the link SWW posted yesterday, it seems that we may have missed the full impact of the storm. I assume that if SEY's operations had been badly affected then they would have to release an RNS advising of the damage etc, not sure if they would have to release one if there was no impact though.

stockdog,
You're right - my memory is failing fast. Once round the goldfish bowl and I've even forgotten that my name is...err...
How come you could recall that?

Well, I remembered I had made a point about it and looking back to make sure my memory was working I discovered your's wasn't - lol!

Hoping Eugene is OK, but their off-take via LOOP (??) may be in a bit of a state - so still a way to go for the GoM to get back on track maybe.

Nice end to the week on reasonable volume. Feels good for next week.

Have a good weekend everyone.

sd

still ticking higher...

still ticking higher...

me - I'm just still ticking! - or is that still just ticking?

Yes prop, an excellent start to the week.

If we can tick past 19.75, we will then stand a good chance of assaulting the recent 20.75p high - and then . . .

SD, as you point out, 19.5 bid. bodes well and good news should see 20.75 at least...

19.75 bid....

RNS!

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Sterling Energy PLC
05 September 2005



Sterling Energy PLC (the 'Company')

Holding in Company


The Company was informed on 2 September 2005 by The Goldman Sachs Group, Inc.
('GS Inc') that, at the close of business on 30 August 2005, GS Inc, no longer
had a notifiable interest in the issued share capital of the Company.

5 September 2005


This information is provided by RNS
The company news service from the London Stock Exchange

According to Hemscott, these are the major shareholders;

AMVESCAP PLC 237,566,615 17.05%
Westmount Energy Ltd 70,000,000 5.02%
UBS AG 60,448,408 4.34%
Goldman Sachs Group Inc 42,958,953 3.08%
The Moore Macro Fund L.P 42,600,000 3.06%

So Goldman Sachs MAY only have sold .09 of one percent to issue the announcement.

Of course they could also have some more, but this may explain why the price has risen today.

Andy,

The way I read the RNS is that GS have sold a few to take them under the 3% mark. If they'd have sold a shed load then we probably wouldn't have had the rise that we have had. Also noticed a nice 1.5m at 20 from this morning.

20p bid.
Just as well, all my other oils are having a very bad day. DGO, BUR, VPC and TLW al in the red.

With the amount of selling since the 1.5 mil buy, I expect this one to retrace a bit.

Just got home, still not in.

Nice bit of action, not understanding why GS would reduce at such a good time unless it's not........?

SWW, missing the boat! against the tide today and truely believe they will punch on tomorrow... GS may be just moving the position arouns a bit. SWW get back in, we want you!

pt - I agree. Chart says we should definitely push on up another 0.5p this week, if not tomorrow, having broken the 19.75p intertrough resistance today. If we can beat the 20.75 resistance soon, we could go even higher.

Pondy - try TXO - having a good day of its own. See TXO thread on here too.

sd

All,

Well a terrific day today, up .75p, quite an intraday move for SEY!

after all the uncertainty over Mauritania, post coupe, and now Eugene island, post hurricane, in comparison with our peers, SEY has underperformed, and now maybe we are seeing the catchup?

Maybe only four months to Chinguetti production, (possibly less!), and several exploration wells in the meantime, SWW, where are you?

I'd rather be in than out at the moment.

I think I am suffering from having too much information which is causing a bit of uncertainty.

When I look at my fav's, I have tons of bb's search site etc, and the result is confusion.

Best I take some time out to delete a few and go back to the odd one or two I think.

Okay I hear you all, this will do me.

Truth is I can see all is well here so I will buy in first thing and then take a few days off from the boards.

Tonight I will crack a decent bottle of wine and forget what I am doing, that will help!

Sterling Energy PLC
05 September 2005



Sterling Energy PLC (the 'Company')

Holding in Company


The Company was informed on 2 September 2005 by The Goldman Sachs Group, Inc.
('GS Inc') that, at the close of business on 30 August 2005, GS Inc, no longer
had a notifiable interest in the issued share capital of the Company.