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

Wicked !!! Fly baby!!!

r88ave,

Well we finished 1p up, one of the largest one day rises for SEy that I can recall!

Healthy volume too, a good sign when the price is rising.

Andy,

I think you are going see bigger rises as the share price increases! Its certainly looking good, especially with uncertainy of oil supply in the world at moment pushing up the price of oil to all high time.

R88AVE,

Well I certainly hope you're right about that.

For me the key issue is that SEY is a PRODUCER, generating hard cash and significant profits, and I think some of the more speculative money will move into producers as the price of oil increases.

Iran looks certain to end in confrontation sooner or later, and that could result in quite a period of uncertainty, which will be good for oil and gold, IMO.

Excellent write-up in Shares Magazine today as a Play of the Week. Strange then that the SP should dip first thing.

queen1,

Thaks for the information, I will buy a copy later.

PLAYS OF THE WEEK
Mauritania has become the land of milk and honey for oil and gas explorer Sterling Energy, and just watch its cashflows soar this year. Now attention will focus on new exciting projects that will turn black gold discoveries into fistfuls of profits for investors. From the home page of Money am. Regards goal.

let the good times roll. 2 by christmas

prop keep taking the mushrooms m8 and leave the real ppl be

ppl be?

lol

mind you prop if we are 2 by crimbo you will be the main man

the shame i think 50p is a stretch but 2 would be lovely!

well i just read this and asked a question on the other bb's

The energy sector may be able to parry the fall in crude with news that
European oil giants Royal Dutch Shell and Total reported better-than-forecast
first-quarter earnings

if there forcasts are better due to oil price increases what does it do for us

any ideas

Proptrade, Andy, Deadfred

Looks like its having breather today do you think? I wonder, may be tempted to buy some more do you think, if you are saying it will reach either 50p or 200p then this must a bargain at the moment.

However, do you think share gone back to snail mode again? mmmm better give it a can of 'Redbull' for more wings!..

I think overall in the oil sectors shares are in negative mode at the moment which is rather strange, despite oil barrel is still over $70 and there has been some talk that it may reach $100 but that's a bit far fetched really.

Surely the companies must raking in, I wonder what investors and institutions are worried about? If they are worried about disruptions to their supplies then why would it affect all other companies with their share prices surely it would be an advantage for them if they have oil supplies in good secured stable countries.

Personally I think its a load c**p! Is it that time of the month? The oil sector have been down for the most of this week apart from SEY of course.. rather strange I would say considering whats happening lately...

Two points I would like to make.
Firstly when a company reports its figures, the SP tends to move down afterwards as interest subsides and people move on. In the case of SEY, the SP has remained strong with excellent press and growing investor interest.
Secondly, what keeps the SP on the boil is good news flow and Sterling have said that this is going to be a busy year so we can look forward to many RNS`s. Kirdistan deserves a special mention in so far as there will be speculation as to the signing of deals and the resulting prospects for profits.

agreed fido

even justthe news we have nailed a license in iraq will add more to the sp as everyone knows its an oil rich region thats been hardly touched even under sadams reign he did not want the kurds to have oil

If my info is correct, northern iraq is now quite stable ...... It also seems that there is huge reconstruction work already started both north and south, despite the very severe internal conflicts, cargo often being brought in via india to get round any trade embargos that may exist ...... for sure some of the major oil and wellhead service companies are getting up a head of steam.

an interesting area for investment, though i would not recommend visiting your sites!

fido, cynic,

From what I have read the Kurd region in northern Iraq is very stabe politically, and SEY will be joining other western companies already active in the region, so country risk in this area of Iraq seems much lower than in the areas south such as Basra and Baghdad.

I think it's an interesting prospect for SEY, and quite a brave decision too.

When I read other people speculating that SEY is "up for sale", I think about the prospects and exploration opportunities they already have, and they have now added Iraq, and I have come to the conclusion that they may well indeed be "up for sale", but not at the current price, and not now!

If SEY strike oil in Madagascar or Iraq, we could see a much higher share price, and I'm sure Harry and the other directors are striving for just such a scenario, so why give it all away for so little now?

Andy,
My view that SEY could be up for sale is not speculation on my part. I am just repeating what Harry himself has said on several occasions. That - plus AMVESCAP and 25% of the shares.

With regard Kirdistan there seems to be a completly different way of thinking to the rest of the country. Rather than press the self distruct button like the rest of the country, Kirdistan seems to realise that if it gets its act together then the future for Kirdistan and its people could be very rosy indeed.To acheive its aim it is attracting large volumes of international investment and the benifits can already be seen with the likes of its international airport which can take the worlds largest aircraft and Turkey have just started flights into Kirdistan.

Take a look at the following link for background information but you will see that Kirdistan is being transformed.

http://www.krg.org

One thing worthy of note if the fact that Kirdistan like Mauritania seem to want to deal with the small oil companies to the exclusion of the big boys. Its probably because letting in the like of BP etc would mean loosing too much control for a small country. What this does do however is to make it exceedinly profitable for the small guys who are let in and can get established. If you look at Mauritania, it is basicly Sterling that is developing Mauritania`s oil industry as the country has no experience itself and Sterling are providing training to government officials. This puts Sterling in a first class position with regard future licences and Mauritania`s oil industry development which is set to quadruple in two years.
Sterling`s team seem to have excellent working relationships with the governments in which they work and if deals can come out of the MOU in Iraq (they have the right to negotiate a PSA) then the outlook for profits in that country, like Mauritania, are massive.