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

I'm not angry..........

I'm NOT angry........

I'm not ANGRY..............

I'm .........

Err.... livid?

SWW - don't panic.

Nam

Sterling had 4 platforms in the path of Hurricane Rita which prior to hitting the shore was cat5.

Rita's Rigs?

(Posted over the other side).

X trade for 40m just gone through at 20p.

Cross at same price........... means nowt to me, are they like an exchange stock for stock or what?

What ever it is it took a 1/2p off the bid.

nothing to do with the half p move, probably just a swithching of accounts...

Alpparently an x trade is a good sign.

That'll do........

But what exactly is the 'X' trade... cos it's a lot of shares ! Anyone know any details ? Thanks in advance.

'X' Cross at the Same Price
A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report).

And we are all the wiser for that explanation, I'm sure. Translation anyone?

sd

guys, Westmount energy sold their stock directly to Invesco. Oriel Securities crossed the stock from the seller to the buyer and showed it as such to the market. can't be simpler than that!

rgds
PT

That's simple.

Have not looked for the figures but Invesco must own a really huge wad by now.

enormous wad.

Amvescap bought the 40million they now hold 21.47%.

Good to see Amvescap add another 40m to their already substantial holding. That's just shy of 300m they now hold.

Article on Reuters SA yesterday about Madagascar, SEY get mentioned. Old news but nice to get mentioned along side the majors

"Madagascar, located off the southeast coast of Africa, is known to have oil and gas reserves, but they are inadequately mapped and drilling there is only at an exploratory stage.

However, interest from the oil giants is growing rapidly, spurred by record highs in world oil prices, which last month breached $70 a barrel.

A promising seismic study conducted in 2004 by privately held U.S. exploration company Vanco Energy has also generated a rush of interest.

In July, US oil major Exxon Mobil boosted its oil and gas presence in Madagascar by taking a 70 percent interest in two licences held by small UK-listed oil explorer Sterling Energy."

http://za.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2005-09-29T143009Z_01_ALL952261_RTRIDST_0_OZABS-ENERGY-MADAGASCAR-20050929.XML&archived=False

This is showing up on Digital Look but not on Money AM's news or on UK-Wire for some reason. It came out at 14.45.

Sterling Energy PLC
30 September 2005


Sterling Energy PLC (the "Company")

Holding in Company


The Company was informed on 30 September 2005 that, following the purchase of
36,286,568 ordinary shares of 1p each ("Ordinary Shares") on 29 September 2005,
Invesco Perpetual UK Investment Series (UK ICVC) is the beneficial owner of
176,548,480 Ordinary Shares, representing approximately 12.67 per cent. of the
issued share capital of the Company. The above holding is held in the registered
name Vidacos Nominees Limited.

30 September 2005




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

http://www.digitallook.com/cgi-bin/digital/security.cgi?csi=50019&action=news&story_id=547889&rns=1

So between them both they hold over 30%.

Now all they need is a cash shell?