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

I HAVE A DREAM

I HAVE ADREAM THAT ONE DAY, ALL INVESTORS WHETHER, BLACK OR WHITE WILL COME ASKING FOR A PIECE OF THIS LITTLE FISH. I HAVE A DREAM THAT FISH CAN FLY. LOVELY SEY, EXCELLENT FOR LONGTERM INVESTORS. I WILL NOT SELL EVEN A PIECE OF ONE SHARE. BEST LUCK. DYOR

Tonker - who is you broker because mine nevers says a word except within any trade.

Tonker,

Some nice trades at the close, although the 2 million couild have been a delayed sell, but the price finishing up 1p indicates that at least the 1 million was a buy IMO.

let's hope this momentum carries us back through 20p, I would like to see support above 20p if possible.

seawallwalker, he only gives me a little advice, I was going to buy Forum Energy... he noted that SEY owned 14.5%, and told me they went down yesterday! He also told me that he had bought some earlier..... but I pay a lot in charges.... Walker Crips. I have been buying and selling stocks of him for years now, so we exchange info sometimes.

Thanks Tonker

Plaudits to fido on ADVFN.
========================

By John Bowker

LONDON, Sept 19 (Reuters) - Sterling Energy (SEY.L: Quote, Profile, Research), the British oil and gas explorer, said on Tuesday it aimed to boost its reserves to 25-30 million barrels of oil equivalent (boe) by the end of the year, up from current levels of 16.6 million boe.

The company was drilling four new wells in the United States before the end of 2006, with the first -- onshore Louisiana -- to be completed in the next two to three weeks.

"We are building capacity to double our U.S. reserves," Chief Executive Harry Wilson said in a telephone interview. "If we can, that would take us to 25-30 million boe overall."

Sterling is then planning to drill another four wells in Africa in the first half of next year, a project that Wilson said could add another 16 million boe to the total.

"We are drilling more wells over the next year than at any time since our inception in 2000, Wilson said.

"(The African sites) are all significant impact wells, having the ability to double the 16 million boe reserves we have at the moment," he added. "(But) by nature they are higher risk than the U.S."

Andy
Many thanks. SEY is a quiet builder but excellent builder. Seriously will not stop buying. A very healthy cash builder. The sp did pause but the company never pauses and i like what is happening here. Hardman was a good value with excellent future now the predator came and snatch the bottle out of the mouth of children. I hate that. One question remains is: DID hardman's management works for Tullow to make the company cheap? Sterling energy investors should remain vigilant against those cheap buyers. Too much value here in SEY and i wish SEY the best luck.

georgetrio,

Well we finished the week on a more positive note, (the late drop on friday night may have been traders closing their positions) and at least we are close to the 20p minimum price i would like to see before a base is built.

We have a well drilling, and the result expected in the next two weeks, so we may see price action if the result is good.

From the Bussinessonline!

I particularly liked this comment, but not at this price, and certainly not before March 2007 please!

---------------------

"Of the Aim-listed companies in Africa, Sterling, Equator Petroleum, and Bowleven are targets. Stockbroker Hargreave Hale, which advises a group of Sterlings shareholders, has been touting the company to potential buyers, as has Bowlevens broker Noble. The aggressive US funds which predominate in Equators shareholder base are known to be looking for a quick exit. Roc Oil could also see itself being acquired."

andy
i always suspect that predators will be checking on SEY. first because its future is seriously bright, the business model is healthy without mentioning the excellent management. i am in sey for longterm and it will be sad if it becomes a target so early. a lot is still going on for this company and it can surely do VOG. the fair price for SEY should be 50p considering the future earning power of sey. all will become clear if this is the case. will see. best luck

The key for Sterling is Mauritania.

If Chinguetti continues to flow at 30K bopd or more, if the poo remaims above 60, (I say that because of the reduced production from Chunguetti balances out by the increased unexpected poo), then things will no doubt progess according to their plan.

If either fail before they can produce something significant from elsewhere other than their current producing gas fields, then things could go wrong.

Will they?

Who knows.

OPEC seem to be doing their bit by asking members to produce less oil and the members seem to be falling in line by cutting production to support the poo.

Any blip to these issues could have long term effects.

Should we also take into consideration of the number of shares in issue with the company. It appears to be very large comparing to other firms of similar size. Can this have an effect the way the shares behave, it never appears to grow at a rate that others have acheived despite positive results and above average shares traded. I have always wondered if the number shares in issue are large the fluctuations of the share price will be small? A good prime example is VOD, have a look their number of shares issued and their price has been virtually static all year

I take your point R88AVE, but since you mention VOD, you should have a look at the volumes traded daily.

Unlike Sterling who seem to have varying degres of popularity when trading, (usually according to news or the flucuating poo), it not unusal for one or two hundred million VOD shares to exchange hands in any one trading day.

No, VOD have had other reasons as to why the sp has limped along. The sentiment is chamging there for the better I hasten to add. Far from being static VOD has been a consistent faller until about 2 weeks ago.

IMO VOD are now in the uptrend, so shares in issue there make no difference ijn that case, it's sentiment.

Sterling is a different matter.

The sp now we have seen before the last placing at 17p.

In Novemeber 2004 Sterling was growing organically, as was the sp, once the 97million worth of paper hit the market it has been hard going. The jump into the 30p and over mark this year seemed like a welcome relief, however I suspect this happened because of the poo, and the high number of tipsters giving it the green light.

The May correction sorted that out however, sp growth now depands on the areas highlighted.

The amount of shares will not matter if the Company growth remains organic from here on rather than it being flavour of the mointh.

sww/r88ave - to combine and develop the thoughts in your last two posts . . .

Chinguetti is crucial to provide (together with GoM) the engine (free cashflow) for SEY's further development without having to go to market to raise any more funds.

The 97m fund-raising did check the price, but it was non-dilutive at the SP raised, and we are told that repayment of 45m (?) will be with us by year end from Gov of Mauritania - great news.

I think the "all-things-being-equal" position of the SP would be much nearer the 30p we saw pre-May even with the 94m fund-raising. This has been brought back by sentiment/worry that Chinguetti was not the runaway gusher we all hoped (although it's pretty damn good, for all that) and the poo has retraced, causing other speculative oilers to retrace (EEN, FOGL, but happily not CHP - go, Chaco, go!) - besides the general market uncertainty since May.

Once we get used to the sustainable level of Ching's cashflow added to GoM's hurricane-modulated revenues, SEY will once again be seen as set fair to carry on its fantastic spread of explorations - GoM, Mauritania, Iraq, Madagascar, Forum (in Philippines?) all cleverly engineered at very high carried shares, so its internal cashflow should remain surplus to its expoloration needs.

If Harry goes near the market again, I'm off.

sd

"sww/r88ave - to combine and develop the thoughts in your last two posts . . ."

Good idea!

"I think the "all-things-being-equal" position of the SP would be much nearer the 30p we saw pre-May even with the 94m fund-raising."

No.

If the price of oil was nearer $70 and Chinguetti was producing more than 30k ish bopd, and there was not the prospect of a possible 50% write down in reserves, then yes, in fact I would go for neaer 50pence, all things being equal.

But they are not!

Oh, that's more or less what you said?

"Once we get used to the sustainable level of Ching's cashflow added to GoM's hurricane-modulated revenues, SEY will once again be seen as set fair to carry on its fantastic spread of explorations - GoM, Mauritania, Iraq, Madagascar, Forum (in Philippines?) all cleverly engineered at very high carried shares, so its internal cashflow should remain surplus to its expoloration needs."

Fair enough.

"If Harry goes near the market again, I'm off."

Can't see that myself.

Organic growth!

Madagascar is the key.

FROM THIS WEEK SHARES MAG

STERLING PERFORMANCE
Sterling's transformation was evident in these half-year figures as production from its oil oil and gas fields in the Gulf of Mexico and Africa soared 175% aiding a 159% hike in net profits to 4.9million.

Total output rose to 4671 barrels of oil equivalent per day (boepd) although there was a stark warning for investors that ignore the risks. Mechanical problems at the vast Chinguetti field, offshore Muritania, and responsible for most of its production, will mean lower output levels in future and higher development costs.

Looking ahead, Sterling plans to drill eight exploration wells in the next year, with five scheduled for the second half of 2006.

SHARES SAYS: Cash-generative and with exploration potential- how many AIM companies can you say that about?

Interesting (?) or not!) to note that SEY's market cap per bopd (4,671) is approx 57,000, whereas EEN's (4,200 bopd in a similar stage of development as a company, but very differently) is approx 28,000. This reflects the relative reserves and exploration potential of each company. Apart from Colombia, EEN is a one-trick pony, Syria. SEY has at least 5 areas of major interest.

TIme to sell out of EEN (somewhat missing the 380p peak!) and pile more into SEY?

sd

Stockdog

that is exactly my point

EEN has some 56m shares in issue whereas sey some 1449m share in issue, that is why I have always wondered if this influence the share price as well as other issues.

r88ave,

I mentioned the number of shares in issue to Paul Griggs at Oilbarrel, and the fact that if they consolidated, the EPS would be higher, and and he said they regularly discussed these matters at board meetings, but he didn't think they would be changing anything in the near future.

Andy I dontthink there is a need for consolidation either.

Just develop this at it's own pace.

LTBH means that, so why didn't I?

Oh yes, boredom.

I'm not coming back but if things work out, you will all be filthy rich one day.