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

Sterling Energy should gain if there is any problem in the Persian Gulf.

ahoj

at least every $ increase will offset to some extent the loss of production...

cynic,

Business asset taper relief, available to holders of AIM listed stocks for over one or two years, reduces your CGT liability to 30 and 10%.

Thanks Andy ..... I have an accountant to look after these things so trust he is fully au fait ...... meanwhile will use my BATR for Yorkshire Pud!

Cynic,

:-)

Mauritania and Woodside sign oil deal
http://www.abc.net.au/news/newsitems/200606/s1656884.htm

According to official sources, the agreement states "that if the price of crude goes over $US55, Mauritania will receive an additional profit of 5 per cent of that surplus value"

If the rumour of renegotiation is true it may be along similiar lines

chemkid,

Well given the extra revenue SEY would be receiving, given the current high price, I think 5% would be a fair deal for both sides.

chemkid

Thanks for that.

has put my mind at rest a bit

regards

I would say that 5% of any extra over $55 is a very good deal for Woodside. Cheap at twice the price!

so, for every $15 ($70 - $55 = $15) they get 75 cent per barrel. How many barrels a day do they sell?

IT SHOULD BE ABOUT 70K BARRELS PER DAY AND INCREASING TO 300K WITHIN NEXT 3 YEARS IF I AM CORRECT!

$52k a day.. about $1.5M a day more than expected for Sey. not bad NM

http://www.smh.com.au/news/business/chinguetti-partners-cough-up/2006/06/07/1149359817768.html

confirmation that the deal was signed yesterday.

Sorry R88, but I question the validity of your post (no reflection on you!), for there is neither an RNS, which would be manadatory, nor even any reflection in sp, which would surely be sharply upwards.

Fair point Cynic, it is somewhat strange that nothing is released from SEY?? Are they binding their time?

I do not think the authorites allow such luxury!

Why an RNS

the deal involved the Goverment not SEY. Any revenue would not be SEY`s but the Goverment in Tax????

All this means is that the terms of the loan may advance.

Just my take

regards

Surely Doc, still a very important issue and one on which the LSE would insist that the company made an announcement?

cynic

I may have this wrong but sey do not own nor operate any part of any field in Mauritania. They have two agreements one with premier and one with the GOVERMENT. Niether were effected by the recent spat this recent agreement will not effect sey either. IMHO

Premier is a price linked agreement.
Goverments is an oil share agreement.(will the GOV be charging the new tax on thier own oil? before giving it to SEY?)

Can anyone tell me how this effects sey as I do not see it???

Were it may effect sey is the goverment now has $100 million for tiof funding? or will this be swallowed up with remedial work on Ching.

regards

Is anyone planning to attend the AGM next week?