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

R88AVE - I am afarid markets are not entirely logical, though they do have a nasty habit of guessing med/long term trends quite accurately .... At the moment, babies and bathwater are being thrown to the dogs (had to mix the metaphors; sorry!) without any forethought other than survival

cynic, whats plan then. is it adviseable to hold if you're making losses!

The daft thing about it all this, nothing changed, it is still producing oil, raking in money, even when shares 33p, investors were still piling in then!, So now it must massively cheap, like everything else, but when will investors have the balls to go back in again...thats a big when??? I wonder

I'm gonna take a gamble and say it could fall to 23 then 21 then 18-19m then 15-16. I've not looked at a chart but I remember these levels on the way up. I don't hold it but I've lost on other oil charts. Then again it might be good. dunno

Markets are an educated gamble.

My gamble is that if this hits 20p again, I will start buying and anywhere down from there.


Dont think it will though most likely stay above that.

Saintserf -
So we should use your advice and probably act opposit!

This is more like, come on get back to 33p and start again eh!

Two lots of 215000 shares at 26.5p just gone through to buy, is it a hint that directors have bought some do you think?

Yep you probably should. but i'm still not convinced this is the start of the uptrend again.

If it passes 33p we can beleive it's the start of the uptrend againa. We should wait

Found this being tipped.

http://www.fool.co.uk/news/comment/2006/c060525b.htm?ref=foolwatch

r88ave,

many thanks for that.

Nice rise today, but on low volume.

Andy,

Staying aboard ship for the voyage! Guess you will be at AGM 15th June if you can. Unfortunately only back from hols on 16th so would very much appreciate posting on this thread on highlights. Incidentally, picked up a few more FDI in hopes for Groen results!

what ship are you on Ray ???

mengelbretson,

I'm on the "good ship SEY" with a full cargo bound for Madagascar, Kurdistan and beyond - are you on the cruise?

Ray A,

Yes I hope to attend the AGM. and if I do I will be happy to report the highlights here.

Andy,

Thanks! We are just off to Montenegro, no chance to follow things from there.

Ray A,

Ok have a good time, hopefully we will be north of here by the time you return!

I have not held this stock for a while now and have missed the up and down movement because of that.

But I sold because had fears that the following could happen.

Posted over on advfn, only right that you are all aware here.

Whatever you do, do your own research, I would have thought anyone with an arm and leg in Sterling would be sensible and buy the article, as whether you share it, that's another issue.

remus98 - 30 May'06 - 15:58 - 6575 of 6586


This has been on the http://www.africaintelligence.com/C/modules/search/search.asp site for a few days. I've tried to speak to SEY and have emailed them but no one avaiable to speak to me.

AFRICA ENERGY INTELLIGENCE N417 - 24/05/2006
OIL & GAS
Sterling Braces for Change
Africa Energy Intelligence understands the Mauritanian government is seeking to re-negotiate the stakes of Britains Sterling in the Chinguetti field in Mauritanias offshore. (...).
[ 354 words ] [ 4 ] Read the article

SWW,

I have rung SEY, and the lady promised me someone would ring me back today.

In the past they have always returned my calls.

I think the key phrase here is "seeking to renegotiate", which to me at least, indicates they are honouring their existing contractual obligations, whilst requesting a renegotiation.

Provided they are honouring their existing obligations, and not making threats of unilateral action, I am happy.

We are seeing more and more countries renegotiate deals as commodity prices soar, Bolivia being another example, and I feel we may see more.

They agreed deals when prices were much lower, and now see the company making what they see as excessive profits whilst they make the same as when the price of the said commodity was much lower.

A good example is probably Asia Energy, where they had a tax free agreement with the Bangladesh government for so many years, but the Bangladesh government are now making up new rules as they can see the true value of the deposit.

Providing SEY and the Mauritanians are talking, I don't have a problem.