anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



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Jimward,

It may be the anticipation of Chinguetti production commencing Feb / Mar 2006!

Effectively we are now within T trading range.

Thanks Andy but,
Seems a bit early for Feb/March production, to have this much effect on the share price. A lot of trades and some are larger than normal ?

jimward9,

yes but I think people are going to buy in anticipation of a price rise when production commences, and if you trade T25, and rollover the permitted once, any T25 s bought now should be active when production commences.

For this reason I expect a rise in both price and volume as the month progresses, and once we are into February, we will be in range of T10 rollovers, and I expect the action to really start.

The shrewd money will be in early IMO.

good old T25...CFD's/spreadbet all the way for me!

Steady rises would be a bonus for us long termers.

1 by Christmas?

lol

poo,

I'll settle for 30p!

Todays rise????

Amvescap now have 23% of the Company in their name.

The hare's on the move at last.

You mean the tortoise surely?

Yes pondy, and about time too.

I really hope that it leaves these areas for good now. It's been a long haul.

Pond life, Poo,

Yes another decent rise backed by volume!, maybe this is the push we have all been waiting for?

Amevscap adding once again, and now holding 23% gives some serious credibility to SEY, IMHO.

Of course we have the possibility if other news coming along as well, it's not all about Chinguetti, but the short term focus certainly is.

Andy
I took your advice on SEY topped up 10k more shares yesterday.
Have applied for a cfd account, but will not be active untill mid week, cannot see anything about (rollovers) in literature sent to me.
If you have any could you send me a copy, have sent my email address to you.
Will be going long on SEY as soon as I can, but only a small buy (tax man wants me to invest in him by the end of this month 20k+on last years gains.)

ouch!!! I try to stay below the allowance---on the other hand if I had gains of that size I'd probably pay up happily--what's your secret jim??

Just took tips from you guys on bbs, in and out small gain, do not be gready and move on. 2.2k total came from buys in SEY last year.

Looks like you have to pay some more tax soon Jim. SEY seems to have started the long awaited move north in anticipation of the start of production at Chinguetti.
With luck we'll even break the resistance at 21p once we have confirmation of production. An RNS should provide us with the necessary impetus.

End of July will be next time tax man will want to be helped.
Onward and upward 25p end of March.

Hi all, I wonder what your views are re. SEY. We have seen the recent success of Hardman Resources in Africa and sp incresae and SEY operates in the same arena.

I wonder whether its sensible to purchase sey at approx 19p or is it too late. Surely the mauritania explorations will significantly increase cash flow but what are your views in terms of where the sp will peak! Just thinking whether to further increase my holding or not? any advice would be most welcomed!

jameel06,

I am expecting a price increase into the 20's, providing Mauritania startup goes ahead without any hitches.

I think T traders will come into SEY now we are possibly within 35 - 40 trading days of production startup, and this should produce an increase with volume IMO.

There's many a slip between cusp and lip, so there may be some last minute delays, but I have a feeling we will start more or less on time.

Don't forget that it is a phased startup, so there will be a gradual buildup to the 75,000 BOPD target production figure, over the period of a few months, so the additional revenue will increase exponentially.

Andy, your views are much appreciated... I'm gone stock up on Thursday see if sp stays flat till then and provided there are no hickups. Im sure I read the ft recommended SEY as a small cap tip.. What are your views regarding the success of Hardman vis-a-vis SEY, especially as both similar regional focus in Africa. But also how do you compare SEY with SER (Sefton)?? Views welcomed, cheers And

jamee,

Sorry just a brief visit, so a quick reply.

I rate SEY higher then Hardman, at the moment,due to their free carry in Ching, and some of the other wells.

Hardman and partners are spending some fair amount of money on wells that have not proved successful, whereas SEY are in for free.

Also, there is a cost overrun to the partners at Ching, but not to SEY, due to their free carry.

Once Ching is up and running, I plan to rotate some funds into Hardman, as they have some good exploration potential, particularly in the Falklands JV with FOGL.

I haven't studied SER so cannot comment, other than to say there is clearly an overhang, and if I buy, it will be after that is clear, and only if there is a much smaller spread.

Just in case anyone is interested, I am closing seawallwalker in favour of poo bear from now on.

Bye all.