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

Look increasingly like Amvescap are making a final move on the Company.

And why not at these prices

wow...VOLUME

Master RSI says stock over hang being cleared prop, looks too big for that.

72.5 million trades so far - I agree sww, too big for a stock over hang.

Been bots running for days, 10,15,20,25k's apart from all the rest

WAY too big....sorry i have been playing in PANR and only have a scrap of these left, whats up?

Funny thing is that the bid ask stayed at 20 - 20.5p wmore or less, amd all the time this was happening then, whe a few retail players came it, the MM's marked it up.

Are they trying to discourage buyers I wonder?

Don't want the price too high until the order is filled?

Here is what I know today, The Times says PMO are in the frame for a takeover, by Shell.

Sterling get revenbue from PMO, Amvescap own 23% at last count of this company.

It could be that the PMO issue will come off and Amvescap may make an offering of Sterling along side, or is that too daft a guess?

I only have a scrap too.

That'll do.

optomistic - that was my thinking......

The sp crashed down a few days ago because of a ROC/ Hardman report on Chinguetti, which actually made not much difference to Sterling.

Yesterday the buying started in earnest at below 20p.

It appears someone knows something we don't. Many large trades and very high volume. Anyone know what's going on?

83 million shares traded!

I think that is record daily volume for SEY .

I still think it's Amvescap playing pass the parcel.........

Anything else and there would have been significant sp movements up or down.

Always interesting here though, even when it's boring.

SHARES MAG TODAY POINTED THAT RESULTS COMING SOON, AND INVESTORS TAKING ADVANTAGE OF THE LAST DROP IN PRICE.
PLEASE CHECK THE ACTUAL MAG.

georgetrio - if you are suggesting shares mag caused this, you have a lot to learn.

No offence intended.

SWW, keeping the thread in line still i see!

Somone has to prop, you've been absent making loads of dosh elsewhere, so I feel kijnd of responsible for all the poor punters who just arrive to make money here without sweating the blood that we did for out few pennies.

Tell you what, there's a ready made millionaire in waiting who uses this thread, and it's not me!!!

Someone has their shirt on this going through the roof, of course it will once Exxon get off their backsides and do something about Sterlings seismic in Madagascar.

That me old mate, is the big one!

Buy now sell 4 years time.

Dont know if I will still hold by then unless I just forget about them.

I gone fully paid up for a change too to stop my petty fiddling with buys and sells.

me too....PANR is the way to go. seriously seriously have a look on advfn

Will do me old Plum....

"Woodside bids for Energy Partners
AFX


NEW ORLEANS (AFX) - Australian petroleum producer Woodside Exploration Ltd. formally opened its $880 million bid Thursday to take over New Orleans-based Energy Partners Ltd., which already is planning to merge with another Louisiana oil and gas company.

In an unsolicited offer, Woodside offered $23 for each outstanding share of EPL. The deal is contingent upon the scuttling of EPL's pending $1.4 billion acquisition of Lafayette-based Stone Energy Corp.

Woodside's price could rise, based on the outcome of a suit Woodside has filed in Delaware.

Woodside said that if either of two termination fees tied to the EPL-Stone deal are invalidated as a result of the suit, the offer will rise to $23.50 per share. If both fees are ruled invalid, the price will be $24 per share, Woodside said.

In midmorning trading on the New York Stock Exchange, EPL shares were up 24 cents, or 0.98 percent, at 24.79.

EPL, which disclosed receiving the offer on Monday, has said that it is reviewing Woodside's proposal. In the meantime, EPL shareholders are now reviewing the proposed Stone acquisition. Stone has said it intends to proceed with the EPL deal.

Woodside also said it filed suit in Delaware challenging an EPL bylaw requiring 85 percent of the company's shareholders to approve the removal and appointment of the company's board members. Woodside said it believes only a majority of EPL shareholders have to approve such a move.

Through its Covington, La.-based subsidiary, ATS Inc., Woodside said it wants to replace the EPL board with its own nominees.

The tender offer by Woodside is effective until Sept. 28.

Woodside, based in Perth, Australia, has been involved in U.S. exploration activities since 1999. The company says it has 3,400 employees, exploration interests in 11 countries and petroleum production in four.

In another attempt to boost its presence in the Gulf of Mexico, Woodside acquired Houston-based Gryphon Exploration last year.

Woodside is the operator and one-sixth owner of the North West Shelf Venture, Australia's largest natural resources project that includes oil and natural gas, liquefied natural gas and liquid petroleum gas.