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

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.

Aye aye..........

We're up then!

Cancel that, just spotted you.

From Hardmans latest duster report the 2006 2007 drilling campaign.

Please note the duster is of NO, repeat NO, interest to Sterling Energy, but the drill program is very important next time around with all those lovely free carries.

I shall be looking to sell my Hardman position before then, one risk is enough I have decided and I prefer a free one.

Hardmans latest drilling report

Sterling holders will be particualarly pleased to see PSC A and PSC B getting so much attention in the 2006-2007 drilling campaign.

Mind you that seems to be the oily area so far.

"Upon completion of the Dore-1 well the 'Stena Tay' drilling rig will be released
by the PSC A and B Joint Ventures. With the recognition of a number of
attractive prospects in the shallower, eastern part of PSC A and B a rig capable
of drilling in shallower water depths than the targets of the 2004 and 2005
programmes was required. The 'Atwood Hunter', which is capable of drilling from
approximately 100 to 1,500 metres, has been contracted to conduct the PSC A and
B 2006 and 2007 drilling campaigns and is due to arrive in Mauritania in the
second quarter of 2006 after completing its current commitments. The initial
exploration wells will be drilled in PSC A and are likely to include the Colin/
Colin Deep, Kibaro and Awatt prospects. Hardman's 2006 Mauritania exploration
programme is expected also to include wells in PSCs B, 7 and 8. The 'Atwood
Hunter' provides the joint ventures with significant operational flexibility as
it is able to carry out work on any of the Chinguetti development wells, if ever
required, as well as conducting appraisal on existing discoveries