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

Soul,

"a bit far from Frankfurt"?

You could probably get to London faster than the tube from West Ruislip!

SWW,

We are still waiting!


A healthy volume of 21 million shares traded, and a green finish.

I still think we have a bit further to go in this run, time will tell, but SEY normally announce something around AGM time, which is not too far away.

Andy - LOL - you're probably right!

Still making slow painful progress. Patience is an SEY holder! Half a penny a week til Christmas will do me nicely.

After i sell my GGG and VOG iam going to be pilling into this one ive been watching it for a long time, i would rather get rich slowly rather than having heart attacks on the way. the long term out look, looks very good in deed.

Slow painful progress? Thas has been a bagger since mid december? How fast do you want it to move?

Well it would be good if it did a VOG during its early glory days AndyH78! Or a JKX or a DFD.......

Andy,
As I said, half a penny a week until Christmas will do me nicely. Now up .75p. Positively racing away! LOL

That makes 48.5p by Xmas, by my calculation, Pondy. Let's make it the round 50p, to keep it simple.

stockdog i think you underestimate this share

stockdog,

lol!

Could be right there deadfred. A penny a day and I will have paid off my mortgage and bought myself a new car by Christmas.

imho if this starts to gather a head of steam it might supprise a few ppl

just an opinion m8

Pondy,

A penny a day and I'll have retired by Xmas!

Sorry to be a downer, but I have just seen Woodside may face probe on Mauritania
Personally I hope it does not affect SEY....Having read it, its all political on Austrailia side, not MAURIATANIA thankfully!

see link http://www.theaustralian.news.com.au/story/0,20867,19082396-643,00.html

As well as Arab states, China is looking to get into Africa big time. Thats going to do wonders for the value of Sterlings assets and make them a prime bid target.

Arab states to spend $80bn on oil sector; Energy investment in ME at $220bn by 10


DUBAI (RTRS): Energy investments in the Middle East and North Africa are expected to total $220 billion in the next five years, with Gulf producers accounting for 62 per cent, Arab Petroleum Investments Corp (Apicorp) said. Arab states are forecast to spend $80 billion between 2006-2010 on the oil sector of which $36 billion will be allocated for upstream exploration and development of new capacity as well as sustaining current output through enhanced oil recovery programmes, Apicorp said in a May report. The midstream sector would require $6 billion while spending on capacity expansion and new projects in refining was put at $38 billion.

The Middle East holds nearly half of the worlds proven oil reserves and 30 per cent of proven natural gas reserves. Encouraged by a four-year oil price rally, many Gulf members of the Organisation of the Petroleum Exporting Countries (Opec) are building output capacity to keep up with global demand and investing in downstream development to diversify their economies. Saudi-based Apicorp is owned by 10 member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC). It provides funds for oil and gas related projects in Arab states.

The report estimated Arab investment in new energy projects in 2005 at $39 billion, including for petrochemicals and power. This level of investment is equivalent to 4 percent of Arab GDP and 18 percent of Arab gross accumulation of fixed capital for 2005, it said. Looking forward, these investment figures are set to increase rapidly. The resulting cumulative investment requirements, which stands at $220 billion for the 5-year period, represents a 26 percent increase over the last Apicorps annual survey of $175 billion for the period 2005-2009.

Of the $220 billion, the gas sector would account for $103 billion 12 per cent of which will got to exploration and production of natural gas and associated natural gas liquids. Spending on power generation was seen at $38 billion as demand rises on the back of increased urbanisation, industrial expansion and GDP growth in many states. Regional generation capacity was expected to double within the next 12-15 years. Apicorp said state oil firms would not need debt financing for upstream and midstream projects if oil prices stay strong. Some international oil companies in upstream joint ventures may tap the debt market to help finance gas expansion, it added.

Report
For the downstream sector, projects would typically rely on 30 per cent equity and 70 per cent debt, the report said. The resulting overall capital structure for the Arab region for the period 2006-2010 would most likely be 53 percent equity amounting to $23 billion per year and 47 percent debt, amounting to $21 billion per year on average, it added. The report covers Saudi Arabia, Qatar, Kuwait, Algeira, the UAE, Libya, Oman, Egypt, Syria, Yemen, Bahrain, Iraq, Sudan, Tunisia, Morocco, Jordan, Lebanon and Mauritania.

Fido,
The Chinese have big onshore interests in Mauritania. I see them as rivals to SEY for government affections!

Pond Life,
The Chinese are securing resources throughout the world because they know thats where future supplies lie with the big producers at or near peak and are themselves investing elsewhere. Take a look at Iran where they are investing $600m in Indonesia. The point is that with easy sources unable to cope with demand and possibly near peak, the hunt for oil has gone global. The cost will be born by high oil prices, and thats going to wonders for Sterlings profits and increase the value of their assets and may also make them a bid target in the round of consolidation that our chairman talks about.

Another slow painfull day................lol!

Take a look at Iran where they are investing $600m in Indonesia.

Interesting sense of geography, Fido!

A N Other Dog