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 PLC
03 July 2006


Sterling Energy PLC ('the Company')

Grant of Options


On 30 June 2006 the Board of the Company granted options over ordinary shares of
1p each ('Ordinary Shares') to the following directors of the Company, at an
option price of 24p per Ordinary Share:

Director Number of No. of Ordinary No of issued
Options Shares over Ordinary Shares
Granted which options already owned
held following or in which
this there is an
notification interest

Richard O'Toole 250,000 7,000,000 22,543,818

Harry Wilson 1,500,000 11,150,000 27,970,092

Graeme Thomson 1,000,000 8,950,000 16,049,558

Paul Griggs 1,000,000 3,000,000 150,000

Andy Grosse 1,500,000 5,000,000 5,500,473

Christopher Callaway 200,000 1,200,000 100,000

Peter Wilde 200,000 2,200,000 620,000

No consideration was paid for the grant of these options.

The period during which these most recently granted options are exercisable is
30 June 2008 to 29 June 2016.

A further 5,955,000 options were also issued to staff on the same conditions.

The total issued share options outstanding is now over 78,175,000 shares, being
5.58% of the current issued share capital. Of these options outstanding,
8,900,000 (0.64%) are held by former directors of the Company, with 69,275,000
(4.94%) being the total held by current staff and directors.

The directors also own or have an interest in 5.2% of the current issued share
capital of the Company as set out above.

3 July 2006




This information is provided by RNS

Evening gents

nice to see big boys getting in line. And a planned hole for start of 2007. Nieghbouring block and all that.

Not sure if this has been posted.

Regards

Anyway puts the right thread back at the top.

Looks like a slow but steady climb back towards 30p... Doing very nicely...

plaudits to Fido over the road.


IRIN , 6 Jul 2006
Kurds approve foreigner-friendly investment law

ARBIL, 6 July (IRIN) - The parliament of Iraq's northern Kurdistan region unanimously approved a new investment law this week in hopes of luring foreign capital to the region.

"We hope the passing of this law will entice foreigners and locals to invest here so we can rebuild infrastructure in the areas of industry, agriculture and transportation," said Dler Haqi Shaways, head of the Arbil-based Kurdistan parliament's economic and financial committee. "This law will offer investors guarantees and facilities with regard to taxation and custom tariffs."

Infrastructure in the region is badly dilapidated as a result of decades of war first between Iraq and Iran, later between Iraq and US-led coalitions and UN sanctions. The new investment law, therefore, will allow foreign companies to bring in the machinery and facilities needed for infrastructure projects free of taxes and custom duties. The legislation will also grant investors 10-year tax holidays upon completion of their respective projects

Before the unification of the region's two separate administrations which had been run by two rival Kurdish factions in May, two different investment laws had been applied. According to those regulations, foreign companies with projects in the region were only allowed to hold minority stakes, while majority shares went to local firms a requirement that served to deter many foreign investors. Under the new legislation, however, foreign firms will be allowed to hold up to 100 percent of a given project.

Additionally, foreigners will also be allowed to own land, a provision opposed by many local economists. "Foreign companies must not be given the right to own property, because that would come at the expense of national sovereignty," said Arbil-based economist Shamal Nouri. He conceded, however, that, in a country as volatile as Iraq, "You need to offer investors certain privileges to motivate them to invest".

Ever since the US-led invasion and occupation of the country in 2003, the Kurdish region has been spared much of the bloodshed seen elsewhere in Iraq, leading a number of foreign companies to set up projects in the area. According to figures from Kurdish Regional Government officials, Turkish firms currently account for the lion's share of investment, estimated to be in the hundreds of millions of US dollars.

According to the nascent constitution, the regional parliament is authorised to pass legislation governing the region's internal affairs. In cases of a dispute between the central government in Baghdad and the regional government, according to the national charter, regional law prevails.

Excellent news Andy.

Pleased the Kurdish Government have ratified the go ahead for foreign investment. Anyone know when we will get started as this area ihas one of the largest oil deposits in the world.

However, one concern I do have is security.

Will be keeping a close eye on this one as I feel there is so much potential for growth. IMO - DYOR

austing2253,

Apparently there are (currently) NO security issues in Iraqi Kurdistan, nor have there been since the US led invasion.

It seems that this area has been maintained as secure, and I have not read anyhting to suggest it will not continue to be so.

All the killing and mayhem is based around the baghdad and Basra areas I believe.

Geographical Information




The area of Iraqi Kurdistan is approximately 80.000-km sq. thus it forms 18 % of the total area of Iraq (about 435.000-km sq.)

Iraqi Kurdistan is comprised of the six governorates of Arbil, Sulaimania, Dokuk, Kirkuk, parts of Dyala and Nineva.

Kurdistan is a mountainous area with many fertile plains, of cold winters and moderate summers. Hard won passes and narrow sloping valleys with hundreds of rivers and streams flowing deep in the bottom. In summer, the heat is intense, especially in the valleys and plains. In winter, the cold is penetrating and bitter.



Kurdistan Regional Government website - CLICK HERE

Thanks Andy. FYI there is a section in the Times business section about the granting of exploration rights in Kurdistan today (Saturday), but no mention of SEY. Nice post above. Thanx.

Gerry

Incidentally I do know a little about the region as my daughter is married to a Kurd and I have travelled the middle east, including Baghdad, but this was between the wars.

The gulf wars, that is, not the two world wars...

Austing2253,

Thanks, I will buy today's Times and have a read.

Good that you have experience of the region, and presumably you recieve news from there too?

IYO is the security situation there as good as we are being led to believe?

Yes, they went for Xmas and new year. It is like another world. His family live in Ranay. The international airport in Arbil has just opened and there seems to be no problems at all. However there have been bombings in Mosul and Kirkuk.

I don't know how foreign workers will be accepted. The Baghdad Government is none too happy with the Kurds issuing exploration licenses to anyone, indeed they believe they do not have authority to do so. We will have to see what develops.

I believe SEY has plenty going for it without Kurdistan, that would really be the icing on the cake...

I topped up a while ago at .28p but as I hold for the long term I am unconcerned with recent SP falls. I am looking forward to retirement in a few years time.

HI EVERYONE
I AM A LITTLE FISH IN BIG WATERS BUT I CAN SWIM IN DEEP WATERS.
ANGLO-CANADIAN OIL AND GAS EXPLORATION COMPANY PANOCEAN ENERGY CORPORATION HAS HIRED INVESTMENT BANK ROTHSCHILD TO SELL ITS AFRICAN SUBSIDIARY FOR UP TO 544MILLION. INDIAN OIL COMPANY ONGC AND UK EXPLORER sterling energy ARE BELIEVED TO BE IN THE RUNNING TO ACQUIRE PAN AFRICAN ENERGY CORPORATION MAURITIUS WHICH THE COMPANY HAS CONFIRMED IT IS IN TALKS TO SELL. PANAFRICAN'S FACILITIES IN GABON, WEST AFRICA REPRESENT PANOCEAN'S ENTIRE EXPLORATION AND PRODUCTION CAPABILITIES, SINCE THE SPIN-OUT OF ITS NATURAL GAS ASSETS IN TANZANIA IN AUGUST 2004. A COMPANY SPOKESMAN SAID: "PANOCEAN CONFIRMS THAT IT HAS HAD PRELIMINARY DISCUSSIONS WITH PARTIES IN RESPECT OF POTENTIAL TRANSACTIONS THAT COULD LEAD TO A SALE OF THE COMPANY'S SHARES IN ITS SUBSIDIARY, PANAFRICAN ENERGY CORPORATION MAURITIUS. (source: sunday express dated 16/07/06). LITTLE FISH IN BIG WATERS SAYS: FISH CAN FLY. REMEMBER: IN ORDER TO WIN YOU MUST BE PREPARE TO LOSE. THIS IS WHAT MY GRAND MOTHER ALWAYS SAYS.

georgetrio,

Many thanks for posting that, and annoyed I didn't buy the Sunday Express yesterday now!

12 JUly 2006

Pan-Ocean in Discussions Regarding Sale of Shares of Subsidiary

St. Helier, Jersey Pan-Ocean Energy Corporation Limited (Pan-Ocean or the Company) confirms that it has had preliminary discussions with parties in respect of potential transactions that could lead to a sale of the Companys shares in its subsidiary, PanAfrican Energy Corporation Mauritius, which conducts business in Gabon. These discussions are part of Pan-Oceans ongoing commitment to enhance value for all shareholders, and there can be no assurances that any transaction will occur. The Company will update the market as circumstances warrant.

Pan-Ocean is an international energy company engaged in the exploration, production and marketing of oil and natural gas. Pan-Ocean's asset portfolio is focused on conventional light oil production in Gabon, West Africa. Pan-Ocean's Class B Subordinate Voting Shares and Class A Common Shares are listed for trading on the Toronto Stock Exchange under the symbols POC.B and POC.A, respectively. Pan-Ocean has 24,767,078 Class A and Class B Shares outstanding. The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release. For further information on Pan-Ocean, please visit the Companys web site at www.panoceanenergy.com.

For further information please contact:
Robert S. Wynne, CFO
+44 (0)1534 700906
+1 (403) 705-0304
rwynne@panoceanenergy.com
www.panoceanenergy.com


Source : http://www.panoceanenergy.com/investors/2006/2006_12_july.html

WELL DONE ANDY

JUST BOUGHT FEW MORE TODAY. KEEP MY EYES WIDE OPEN, LOOKING FORWARD FOR THIS LITTLE FISH IN BIG WATERS TO GROW FAST. MY GRAND MOTHER WILL BE HAPPY IN OTHER WORLD. NICE DAY TO ALL

georgetrio - good work, is there a chance you could find a link for your item or tell us where you saw it please?

sunday express dated 16/07/06 not available online but i am going to paper shop to see if i can get a copy of yesterdays paper ( see it to believe it you know )

Should be half price as it's old news!

HI EVERYONE
THIS IS THE LITTLE FISH IN BIG WATERS, HOPE YOU ALL HAVE A NICE DAY, TO GET THE SUNDAY EXPRESS DATED 16/07/06 PLEASE CHECK WITH YOUR LOCAL LIBRARY (NEWS PAPERS ARCHIVES). SHOULD NOT BE A PROBLEM.