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

doc if you new something for a cert would you want to tell everyone it is a cert

imho of course

Thanks deadfred


Regards

Dr Square,

Excellent link, thanks.

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thanks for your time

Thought I would bring this to the top in anticpation of some posts here tomorrow maybe?

SWW,

I have a feeling there may be a few!

'Ope so Andy, yes I do.................

2005 HIGHLIGHTS

Financial


Turnover increased by 19% to 13.6 million (2004: 11.5 million)

Pre-tax profit up 47% to a record 6.1 million (2004: 4.2 million)
before one-off Perth office closure cost of 1.2 million

Cash inflow from operations, before the one-off closure cost and
working capital movements, increased by 13% to 8.8 million (2004: 7.8
million),


Production and reserves


Average attributable production increased 4% to 9.7 mmcfged
(2004: 9.3 mmcfged) despite the impact of several highly destructive
hurricanes in the Gulf of Mexico

Realised prices up 12% at $6.37/mcfge (2004: $5.68/mcfge)

Net year-end proven & probable reserves over 21 million boe, of
which 65% are in the proven category


Operational


Major investment in the offshore Mauritania Chinguetti field
development continued with a further $65 million of cash invested by
Sterling in the year and a further investment of $50 million projected
in 2006. Local office opened

Three drilling successes offshore Mauritania with a 6th appraisal well
on the 300+ million bbl Tiof (Oualata) field, an appraisal well
on the 50 million bbl gross Tevet discovery and a new 30 million bbl
gross discovery, Labeidna. All wells were drilled at no cost to Sterling

Key farmout to Exxon-Mobil on Madagascar acreage with Sterling
remaining as operator: carried 30% interest through seismic and up to
four well drilling programme

New interest offshore Gabon adjacent to existing licences

Extreme weather conditions offshore USA curtailed work programme

Farmout of heavy oil discoveries in AGC

2005 Preliminary Results

All good stuff, but I can't find anything new to set the pulse racing. I am somewhat surprised to see the shares trading so strongly, having been as high as 29p. Someone must be soaking up all the sells.

Interesting practice! Share price should move inline with oil price 75 IMO

Now trading well down on the day. Not really that surprised. Good trading opportunity for those that were savvy enough to sell out at around 28p. Ho humm.... they will look cheap in 6 months time.

i sold today see if can get back at 24.5,thought we would haVe more wow to result.

I have dropped the ball today too.

I always said I would give it till these results so now is the time.

I will now wait for the first cheque to be paid to Sterling by the Mauritanian Governemnt, and then I may consider buying again.

guys...i ducked out of 3/4 of my holding...into PANR. Managed to get a decent whack at the allocation at 100p. This stock had LEGS and is a little more interesting that SEY right now!

PANR...check it out!

rgds
PT

Ramper.........

lol

so sue me!

Good old SEY - what a day! Price remains unchanged on >20m trades of which the largest (>10k) were 75% buys. What more can a chap do to make this shift northwards?

Don't blame SWW and PT for quitting out of sheer frustration, not to mention boredom.

sd

The posts on this site can be excellent.

I agree with seawallwalker, RE: lol

Is there not a PANR thread ? The reasons for having a look are a bit vague.

I hold SEY
Reasons: An exploration and producing company, announcing increases in profits - lots of potential for even more growth. Tipped recently by Jim Slater. This is one of the oil companies which I hold and do not feel nervous about.

Besides buy on rumour, sell on news theory, I do not think today was the right time for me to sell.

Good luck to all SEY holders long term - I am in for the long haul.

Johne1 we have been there and done that................... it seems a lifetime ago.

Not saying it's not gone up in the meantime, but it cetrtainly has not kept up with it's peers.

I have pulled out to have a think, and check that I am not really in lve with this stock.

Checking how many times I have bought, topped up and sold outside the core, I begin to think so.

I'm looking around thats all.

Meantime, I am waiting to see that all is as it seems before I fall back in love, provided the Missus(Sterling), will have me back of course.

prop start a thread and I may buy one share just to say I have one!