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

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!!

whats going on here...i think my screen is faulty!

Crack appearing in the glass ceiling?

and i sold half last week!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Proptrade.
Trust you put the proceeds in SCR then!!!

prop, queen1

You cynics!

Steadied now, and volume has dried up, so I doubt we will see any more rise today personally.

As the results approach, and the subsequent analyst presentation, I feel we will move further northwards, at least until the pertinent points of the presentation are known.

I don't expect much from the results, but I do expect SEY to announce revenue projections for 2006 - 20077, and of course an update of their other projects.

We are due a drilling result from the GOM, I wonder if that will be forthcoming next week?

Cynical maybe Andy but if today was the result of a rocket it was a cheap one from Woolies that fizzled out rather tamely after a few collective "ooohs" & "aaahs" from the watching holders.

queen1,

Well I would have settled for this price at the open this morning personally, SEY never moves with any great speed, so early today was the exception.

I wonder whether this is the start of the run up to results, and possibly more importantly, the post results presentation?

I can't imagine they have gone to the trouble of organising that presentation without having something interesting to say, can you?

Andy, queen1,

Looks like I might have just got on board before they lit the fuse, hope the rocket keeps to its trajectory!

Andy - agreewith you on the importance of the future projection as the main accelerator for SEY. If it looks good and they keep the GOM on side this could be a cracker, either as an independent or takeover. No sign of GOM being any more difficult than any other Govt and they have the pressure of the IMF meeting in midyear to concentrate the mind.