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

BACK OF ENVELOPE STUFF:

a i right in saying that SEY is looking at revenues of about US$141 million a year???? that is based on 5.28% of the Premier stuff plus 8% of its own government lined contract....

if so this thing is the WRONG price in a huge way! i would appreciate your thoughts....

Your back of the............ you are using what? $60 per barrel? (He says guessing)

Safer to use the OPEC basket price of $45, and then the answer would be yes, gross.

Nice to see you here prop, I began to think you didn't love me any more.....xxx

Then again name changiong etc, has caused a bit of a kerfuddle.

it threw me totally off to tell the truth...it was something like as extreme as your best friend having a sex change...it was just wierd old boy!

i was using 60 but even at 45 it is still over US$100 million a year! then they are trading on a theoretic 6x next year????? this really could be a quid by xmas!

speak later and its good to be back xx

prop ,thats funny I was thinking about your 1 by Xmas only this morning, although it may have been tongue-in-cheek, it could very well be...

Now we are really dreaming! This is SEY we are talking about. 50p would be stretching it a bit. Unless of course Exxon turn up trumps for us in Madagascar.....

All.

I have had really good feeling about this at the moment.

The key is the Madagascar licenses, Exxon are to drill this year as far as I can remeber, one find who knows?

As I have said before though, why would Exxon want to freely carry Sterling when they can have it all themselves for peanuts?

The Vanco licence next door has got them all fired up, they only have a small proportion of that one.

Quid by Christmas?

It would be nice, I actually see Mauritania as the interesting side play and Madagascar as the meat in the sandwich.

Quid by Christmas boll*cks. As I stated earlier today I've held SEY since they were 7p and had to "endure" the 1 by Christmas routine from posters for months and months on end. And then a small spate of less-than-good news came SEY's way last year and most of the 1 by Christmas brigade bailed out! Well it was never a bail-out situation but by the same token, and unless they break with all tradition, it will never be a 1 by anytime situation. And I'm a holder, not a de-ramper. If they do make a 1 I'll have multiplied my original stake by 14 so I'd be delirious.

Tap just turned on - give it a chance, vultures gathering
Looks OK to me

Why queen1.

Dont hold back will you?

Patron Saint is what you are, and there is no mistake!

By the way where have you been in all that time?

Lost your sense of humour?

Ps. dont swear even in a veiled way, it does you no credit.

Actually shows a lack of intelligence, except I think I know better than that?

If you dont like what you read, then squelch me, I dont think I will care and it really wont matter either.

A Pound by Christmas it is then.

All who agree, say "Aye".............

lol

(Warning : This is a joke)

Disappointing 1st day,i've a feeling this will gain momentum slowly.It can only be a
matter of time, until the full 75000bod are being produced.
I make it 84 days since the RNS for Well TB2 was released, so a result here
would hopefully give this spark that might just propel this northward?
cyril

SWW - Strange that you should take my post as personally aimed at you. Now if I were to do that I would have talked about the number of food & drink recipies swapped on the thread that did indeed drive me away for a while. No need to worry about being squelched. That's not my thing. I was only expressing an opinion. Sorry it didn't fit in with yours.

now then now then...calm down.

SWW and queen1...i love you guys so no bickering please! by the way what going on with LUP???

anyhoop, the quid by xmas is and has always been a toungue in cheek play at all those idiots (you know who you are) who ramp and basically spout bollo#ks (sorry SWW). SWW a quid by xmas is a dream but who knows...vod could be 2, Yoo could be 14 and MKS could be 5 (oh, the last one did play out!)

The point is my friends that SEY is a 350 million stock. 350 million! if you work the numbers back as i have that is not a stretch and after 400 million spent from some lovely associates they now have an annual haul of $100 million for their touble (@ US$45). NOT DEMANDING and if other Mauritianianianiannnanaian plays flesh out then my REAL view is that one of the majors snap them up. That valuation may be close to 50p (my real view) but it will be a serious acquirer. Their government links to every field in proven, drillable and PRODUCING reserves has just made SEY a serious player and one which cannot be overlooked. The contracts themselves are worth their weight in tankers.

Thats my tupppence worth with one more thing to add.....









quid by xmas.

Rgds
PT

queen1

In the interests of free speech, and mutual affection, may I offer an olive branch?

I agree with you about the food thing, but at the time........... well things were quiet weren't they?

You have probably noticed the quality of my posts has improved here, and will remain so from here on.

Prop - LUP? No idea. Was hoping for bigger & better but I guess we'll need to see what happens once the dust has settled. Probably too soon to take a view. Nice upbeat summary on SEY.

SWW - Olive branch clasped with both hands. It was just that the food under discussion was always so much better than what I was about to eat or had just eaten myself. Very depressing.

I would say 40p by the time they get taken over mid year 06

sold.

i come back and everybody leaves!

prop,

It's nothing personal I'm sure!

Another day another small drop, I do wonder whether thay are trying to take out the T traders? For this reason I didn't T trade production startup, I just kept my holding.


SWW, Queen1,

Good to see two respected posters work that out in such a decent fashion, sadly extremely rare in BB land.

I used to read the recipes after eating a somewhat plain meal too!

Ha!

So the old recipes did something to someone, but it amounts to the same thing.

Who has gone prop?

There certainly seems to be a hoover in operation for these shares that are being sold.

We never did get an RNS concerning the the 2 41 mil trades, so I am convinced it was Amvescap moving stock from one fund to another.

Come on the bid, or come on the prelims, either way I would like to move to the next price range now.