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 should have added, we should now see a rapid phase of news imo in respect of Tiof and Tevet developement from Woodside, no doubt the dispute was an impediment to progression.

Gosh don't I sound intelligent?

A poster over the road pointed out a mention in today's Times.

I like the last sentence, as it suggests that what many posters are thinking may well be true.

"Settlement of a dispute on production sharing agreements between Woodside Petroleum and the new Government of Mauritania saw Sterling Energy, which is active in the region, firm p to 25p. Heavy turnover prompted talk that Invesco is adding to its 24 per cent stake."

Sterling Energy PLC
03 April 2006



03 April 2006


STERLING ENERGY PLC

NOTICE OF 2005 PRELIMINARY RESULTS ANNOUNCEMENT

Sterling Energy Plc, the AIM listed (symbol: SEY) independent oil & gas
exploration and production company whose principle assets are in Africa and the
Gulf of Mexico, will announce its 2005 Preliminary Results on Monday 24 April
2006.


A presentation for financial analysts will be held at 12.30pm on that day at the
offices of Citigate Dewe Rogerson, 3 London Wall Buildings, London Wall, EC2M
5SY.


Further enquiries:


Citigate Dewe Rogerson (020 7638 9571)

Analyst enquiries: Nina Soon

Media enquiries: Martin Jackson




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

Does anyone have any ideas about the two 5 million trades that went through today? So far over 16 million sold? Somebody is offloading big time??

austing2253,

There are 1.4 billion SEY shares in issue, so 10 million is a tiny fraction.

SEY has many large trades, I don't worry about them as long as the price holds.

I believe there is value here, so I don't worry about intraday price movements or trades, it's the long term upward trand that keeps me invested here.

FWIW, I don't think that all the large trades were sells. The Market Makers just would not absorb such a large line of stock. I think that they were shares changing hands - buys and sells. Further fuel for the story about stake building, perhaps. All will be revealed - sooner or later.

Tend agree Pondy.........

I bought a few today and could not get the published ask price, had to pay a fraction more.

Maybe I was robbed, I don't know, but I am puzzled.

SWW - did you try to buy online? I use Barclays and often put through dummy transactions to test market prices. I'll give it another try today (if I get time at the office) and report back.

SWW - can currently buy 100,000 online with Barclays no bother at the stated price of 25p. No shortage of stock there then.

Hmm.......... must have been a blip........

Andy,

Thought you would like to know, placed proceeds from FDI into SEY at 24.7p this morning, SEY now my largest holding and trust my faith will prove well founded when results come out shortly, time for SP to gain new level?

Ray A - I'm surprised. I hold both FDI & SEY and think you'll get far more action from FDI. Still, here's hoping they both do well (anyone got a rocket to stick under SEY?).

Ray A,

I have topped up my SEY too!

As queen1 rightly says, SEY moves very slowly, but I do hope that we will move up steadily from here now that Chinguetti oil is being sold and exported.

I think SEY has every chance of doubling over time, and I disagree with Queen1 in that I think BOTH shares have chances of adecent action, but SEY certainly have the chance that a bid will be received, as there must surely be some consolidation in the oil sector soon?

Amevscap hold at least 24% of the shares, and that holding will be key in the event of a bid(s) being recived.

Andy,

Intend, to get back to FDI and have retained half my holding. However, hoping results may move SEY to make a quick turn worthwhile, we will see!

25.75p - Key breakout or another false dawn?

queen1,

With SEY, who knows?

queen1,

+1.75p! @ 26.50 MID (25.75 - 27)

Perhaps someone found that rocket Andy.....

Perhaps someone found that rocket Andy.....

So sceptical that I wrote it twice!!