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

There we have it.
Short it until Madagascar and then go long.
To hell with the long term investors.

fido - I will ask you to prove your comments first.

Meantime I have other things to do in the kitchen so I cant follow every post.

Chicken cassarole today!

Now then, I do not have a spread bet account, I do not have a CFD account, I buy fully paid up shares, and also deal in a nominee account.

If you can work out how I can short with only those accounts then go ahead.

Call me a liar and do it in writing here and now.

You can find my name on the Sterling Company register if you look and I received a copy of the interims last week from Sterling on Thursday.

Fully paid up holders can verfiy that here.

If you had emailed through MAM I would have given you the relevant information if I did not think you were mad......

I had sold prior to Sterling sending out the copy, and put the cash into blue chips for the divi, but because of the recent rise in the market I made the divi percentage before the divi, ex div date and then some.

That's called trading.

I think I am going to ignore you now because you are a twit who does not deserve to be answered any more.

You obviously have escaped from, or been allowed home leave from a lunatic asylum, and I hope that catch you before you do any real damage.

Or so much for Care in the Community.

Bye bye SHORTER!

Back now!

Peace and love.

Very positive comments about sterling energy on this show today. It can be found at http://www.stockmarket-channel.tv... do not know what to make of the show (or advert!). Would like comments about this... seems ok if you have some time to kill though. It made the following comments about SEY:
1. excellant managemant
2. makes money (alot don't)
3. excellant ongoing exploration projects

Fido,

I received the interims through the post last week too, I would suggest only a paid up holder, (non nominee) would know when the interims were posted!

Fido, chill out, otherwise every poster will be causious of what you say... Lets talk about SEY... see my post above

Tonker,
I said my bit and there is no gain to this board in the exchange of insults.

International oil minnows such as DNO, Heritage Oil, Sterling Energy, Woodside Petroleum and Petoil, could feel the heat of a new Kurdish draft petroleum law soon. The Kurdish government and Baghdad seem set for a confrontation soon.

The Kurdish Regional Government, effectively ruling the north of Iraq, including the oil centre Kirkuk, has set up its first draft hydrocarbon law. If taken onboard, the law could be passed by Parliament in September, effectively removing existing Iraqi national petroleum regulations. In contrast to still existing Iraqi law, the new law puts all powers in the hands of the Kurdish government, effectively giving the latter the powers to administer its full oil wealth without having to listen to Baghdad.

The draft law stipulates that contract formula is based on a production sharing agreement (PSA); in which is mentioned that exploration should not exceed five years, extendable to seven. Development after discovery is allowed for 25 years. At the same time, the Kurdish Ministry of Natural Resources (Oil) has the right to enter into any agreement regarding, service contracts, field management contracts, supply and installation contracts, consulting contracts and construction contracts. The law would be applicable in the following regions: Suleimaniya, Dohouk, Arbil and the Kirkuk region, the main hub of Kurdish oil and gas operations.

Analysts expect if the law is approved, Baghdad will protest and put all means available at work to remove it. At the same time, the new law comes at a time that Shiite militias are entering the Kirkuk region, including the city, to reclaim the region by the use of arms. Growing religious and ethnic tension is already reported widely.

The new law is also a total violation of the existing agreement between the Baghdad government and Kurdish parties that national law will prevail as long as a referendum has not been held about the position of Kirkuk. The new Iraqi constitution claims that Kirkuk is part of Iraq, without full powers given to Kurdish officials. New political conflict is expected in the coming months, possibly resulting in renewed violent clashes in the region.

In recent years, several agreements have been signed between the Kurdish regional government and international oil and gas operators. All contracts are however disputed by Baghdad as long as no end-solution has been reached. In the last few days, new Iraqi Minister of Oil, Hussein Shahristani, has reiterated that any contracts with international companies in the Kurdish region should be made through the oil ministry in Baghdad.

The Kurdish proposal comes at the same time that the Iraqi government is also preparing an Iraqi hydrocarbon law, which could be ratified before the end of 2006. International oil and gas majors are eagerly awaiting that development; until now, old rules still exist.

For already operating companies such as Norwegian oil and gas minnow DNO and K Petroleum Company (KPC), which is a subsidiary of Canadian Heritage, increased insecurity seems to be heading their way.

Already, investors have been keeping an eye on DNOs operations, even as drilling has been rather successful. Both independents, for which much of their future attractiveness to investors and shareholders will depend on their current Iraqi assets, could be hit by a financial debacle if Baghdads rule of law prevails. Iraqi government officials have been reiterating that companies dealing with Kurdish regional government officials could be faced by a full refusal of operations in the future.

DNO currently holds a concession in the Zakho region of Kurdistan, where already several tests have revealed oil reservoirs. The Tawke-1 wildcat has shown a flow rate of 5,000 barrels per day (bpd). While, total assessments have shown a potential of 100 million barrels of crude oil.

Heritage Oil has signed two MOUs for an area comprising some 1,300 square kilometres. Production-sharing agreements are currently in the final stages of negotiation as well.

Woodside Petroleum is still assessing its options where to start exploration, while already setting up shop.

Another Canadian minnow, Western Oil Sands [TSX:WTO], has lately signed up for an Exploration and Production Sharing Agreement (EPSA) on a yet undefined acreage in Kurdistan, but is slated to be around Sulaimaniyah. Other assets of Western Oil Sands are a 20% stake in Shell Canadas [TSX:SHC] oil sand operations.

Conclusion

The combination of Kurdistans attractive oil reserves, stability and high crude oil prices, could be only a fata-morgana for the current operators, if Baghdad puts its foot down.

Kurdistan is still a part of Iraq, some operators seem to forget. The next months could be crucial to the future of DNO, Sterling Petroleum and Heritage. A debacle in Iraq could see investors and shareholders flee to more stable areas.

The above is from http://www.iraqupdates.com/p_articles.php/article/9964

SWW,

No need to apologise, you were right!


Tonker,

Excellent article, well found!

fido iii.co.uk have moderated you it seems for defamatory comments against me.

I did not complain, but I agree with it,(and I know you wont believe I did not do it)

I am writing to Money Am as they seem to have accepted this from you, maybe they are not aware of it.

My view is that you should be banned however I will leave any action up to them.

I will also be writing to iii.co.uk asking them to do the same.

Whether they do it or not is up to them but I will not have you or anyone else tarnishing and trashing my good name including my screen name in such a fashion.

That is end of.

Tonker ..... as Andy said, a very interesting arrticle ..... however i would just bring to everyone's attention a small clause near the beginning ...... "If taken onboard, the law could be passed by Parliament in September." ...... so now that we are quite well into October, has there been anything further, notwithstanding that much discussion and negotiation would have been going on behind the scenes anyway.

I'm cooking chicken pasta with a pesto sauce tonight. All washed down with a few G&T's. I can see Iraq fragmenting along ethnic lines.

LOL
MS

Seawallwalker,
To put your mind at rest. The reason your posts were removed from iii was because I complained about you. As for the rest of your post-don`t flatter yourself.

Lucky I copied them then isn't it?

seagoon AND fido ......it is prob 6 of one and half a dozen of the other ..... grandpa says time for both of you to bin the bags

yes, otherwise we will have to start a new thread, not for SEY, but for "fido and seawallwalker slagging off thread".... lol

guys,

PLEASE chill!

this has been an informative thread, rare for a bb in my experience, oil is movig upwards a little, can we return to discussing SEY please???

thanks...

http://imagesignal.comsec.com.au/asxdata/20061010/pdf/00654960.pdf

10 October 2006 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE

"3. Chinguetti Oil Field, Offshore Mauritania (ROC: 3.25%)
Gross Production from Chinguetti has recently averaged about 30,000 BOPD (ROC net: ca 1,000 BOPD)."