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

Looks good to me.

Should look good to everbody Goal. All we need now is for the sp to start trekking north. Surprised we have only got +1p on those results!

All,

Yes excellent results considering the problems encountered at Chinguetti, IMO.

Now they need a good presentation at Oilbarrel tomorrow, and we may see the price move back towards the 20p level.

Is anyone here going to Oilbarrel?

A presentation for financial analysts will be held at 12.30pm on that day at the
offices of Citigate Dewe Rogerson, 3 London Wall Buildings, London Wall, EC2M
5SY.

this is today

From hhhold on TMF.

Why has Sterling drop from 32p to 16p now?

Excellent results but a really disappointing sp performance today which I have to say has really astounded me.

this just an opinion

just read a bit of worrying news on another bb somit about sterling and the gov looking at the deal sterling has with them

dont know if its gen but worrying if it is

Well as promised, I liquidated again today.

Enough is enough and I will not be back this time.

This Company deserves better than the treatment it is getting from the Market, but really I suppose I can see why it is held back.

Over on advfn is posted an item which shows the Mauritanians are getting restless, and name Sterling is used in the same sentence as not very transparent and not very justifiable conditions, in respect of the share of Chinguetti royalties.

That's enough for me, that is why I sold up last time around.

http://www.beta.mr/editsept06.htm#a18
Oil: And the dream became nightmare ................... The share which returns to him after having withdrawn what is allocated to the partners like refundings of the initial investment, and especially the share of Sterling which had bought 9% of the share having to return with the SMH under not very transparent and not very justifiable conditions, the share of the country is unimportant. Especially that the rules of marketing fixed with the trader Vitol, were badly discussed even if they were the subject of a cancellation which had, in its time, addition with the impression of thieb-thiib which already the department of oil released. If one adds to that the rise continues prices of hydrocarbons to the pump, it is necessary to worry for the days to come. There is not that the incompetence and the bad faith, there is also pitches it those which are occupied some. The N315 Platform Of the 11/09/06 "

Chart on 11/9/2006



Loosely the Mauritanians expected more from Chinguetti and they have not got it, at the same time Vittoil is stiching them up for petrol prices at the pumps, and they dont like it.

Add to that the fact that they are having to pay their share of exploration development and production costs for Chinguetti, and they probably dont earn as much as they thought thewy would, and wont do for some time imo.

who was this piece written by?

This web page is the spokes page for the Government.

"Technical engineering and design department and financial Analyses "

Thats what they descibe as their brief.

I dont know if it is Government run, but it reports on Government matters meetings, briefs etc.

sea do you know poo bear by chance

Yep.

Great freind of mine.

We live together in my head.

Are you also Fred1new

no

im df2

Okay.

Good luck deadfred, I'll be looking at arc.

there somit to see seawallwalker imho

as usual dyor but im in big time at these prices so are most of the directors and another thing about this company is this when security issues make the oil market go all over the place it means more work for arc (lol)

anyway good luck seawallwalker hope to see your posts again

very positive BUY post in tomorrows IC.
highlights include confirmation of continuing Institutional support, repayment of the mauritanian govt credit facility and 45 mill net cash by year end.

But why does the sp still languish and decline?

austig2253 - with the price of oil dropping as it is, Sterling is dependant on royalties taken from the price of oil in both the Mauritanian Government deal and the Premier deal, they both have a sliding scale set according to the price obtained for a barrel of oil.

As Sterling are heavily dependant on that, I daresay the Market is a lot tougher on them than some other companies, hence the torpor that the sp seems to display currently.

The question I would ponder is how far will the price of oil drop?

My answer is a guess based on what OPEC said some while back, and that was that oil at $45 a barrel was fair, (although they have recently said they were also happy with $60).

As you know I have sold up on this for 2 reasons both stated recently on this board, but one was exactly the question I have just pondered.

Having been in this stock since 2003 with a small gap, I frankly am fed up to the back teeth of the lack of progression when others with lesser assets go steaming off into the heights.

Is it also therefore the large amount of shares in issue that are holding it back?

This was pointed out some while ago by hilary, (2004 actualy), who I now bow to as being very likely correct at the time when she said the excess paper could be a hindrance to progession.

And so that has been proved.

Things could well come good in the mid to longer term, who knows.

They do have some great assets.

Thank you for that Seawall

I find the sp very difficult to fathom, most of the time, with this share. With consideration your explanation makes much sense. Also, there seems to be a large percentage of institutional investors, coupled with the large number of shares, imo it could be the mm's needing to satisfy large orders which reflects their sentiments with the sp.

I hold only 12k. I don't hold enough to concern me 1 way or the other but like you, feel there is so much potential and SEY appear to be penalised and other lesser stocks zoom ahead!

I am in for the long term. If my shares make a fortune I shall be able to retire early. Otherwise, keep at it. Back to the grindstone and see you later somewhere else.

Gerry

sww - I think you may well be expressing a self-fulfillinig sentiment. Lack of interest or progress leads investors and traders alike to look elsewhere for a more stimulating engagement - as likely losing as winning, but at least more active!

I'll sit on my modest holding unless price falls below 16p which I've set as a floor just now.

What else are you in? (in case I need to join you!)

sd