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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

seawallwalker - 20 Nov 2006 21:14 - 6576 of 7811

And out.........at last I am free.

Bye all and good luck.

Signed an ex-Sterling Bull.

cynic - 20 Nov 2006 21:45 - 6577 of 7811

sensible chap ...... now have a look at some "proper" stocks - BUR, TLW, PFC, SHP, SSL, Dow, FTSE and so on and so forth

Andy - 20 Nov 2006 23:11 - 6578 of 7811

SWw,

Good luck in your choice of stocks.

I actually think Kurdistan may come in before Madagascar drilling, and we have onshore Texas and Louissiana, plus a few W. African drills to come in the next few months.

I see SEY as "proper" as any other oiler, it takes time, and in the meantime the cash is mounting up.

queen1 - 20 Nov 2006 23:35 - 6579 of 7811

Cynic, if you're not a holder why are you continually on the thread, putting SEY down? Are we shorting perhaps?

cynic - 21 Nov 2006 07:16 - 6580 of 7811

i am not shorting; i used to be a holder; i was asked to comment by SWW ...... any other questions?

queen1 - 21 Nov 2006 13:19 - 6581 of 7811

Well actually you didn't answer the question as to why you're always putting the share down. Everyone's entitled to their opinion although it adds credibility if you're actually a holder.

cynic - 21 Nov 2006 13:26 - 6582 of 7811

i showed the logic to support my opinion ..... if you don't like it, then that is your prerogative ...... as is the choice of whether you keep holding the shares or even throwing in more money when imo, it could be much better utilised elsewhere

queen1 - 21 Nov 2006 13:27 - 6583 of 7811

Indeed. Let's hope that Vulcan perspective doesn't become a reality :-)

cynic - 21 Nov 2006 13:30 - 6584 of 7811

only Vulcan I know, was blacksmith to the gods, and in much later years, the name given to an RAF bomber with atomic capability

queen1 - 21 Nov 2006 14:11 - 6585 of 7811

Not a Trekkie then!

cynic - 21 Nov 2006 15:02 - 6586 of 7811

assuredly not, though i do walk round the golf course and even go further afield when on holiday

queen1 - 21 Nov 2006 17:07 - 6587 of 7811

Splendid. But we'll stop it there otherwise we'll get onto the Klingons and be in a whole world of hurt.

seawallwalker - 21 Nov 2006 19:10 - 6588 of 7811

Nothing worse than kling ons............

cynic - 21 Nov 2006 19:16 - 6589 of 7811

sound like some form of underwear for born-again virgins

optomistic - 21 Nov 2006 19:24 - 6590 of 7811

Never thought of that cynic....you an expert.

cynic - 22 Nov 2006 07:48 - 6591 of 7811

5TH AMENDMENT!

Andy - 23 Nov 2006 08:53 - 6592 of 7811

queen1,

Good to see you still around.

I'm still holding here, plenty of action due in the next six months, no guarantees of success, but you have to be in to benefit if they do enjoy some success with the drill!

I actually think theya re close to being in a position to announce an agreement in Kurdistan, as they helped the regional government of Kurdistan draft it's oil and gas charter.

Kurdistan must be the most prospective underdeveloped region left in the world, and there will be a scramble for licences there IMO, but SEY are already working with the Kurds, and well ahead of the pack.

At their recent Oilbarrel presentation, HW mentioned they were looking to participate in the forthcoming Cameroon licence round, so there may well be announcements we do not expect.

I'm prepeared to be patient a little longer, afterall, there's no guarantee with any stock, so moving the money may not be beneficial anyway.

queen1 - 23 Nov 2006 12:33 - 6593 of 7811

Thanks Andy, I hope you're well. Obviously sticking with SEY is not without its risks but as you say, patience may be a virtue and the work in Kurdistan is promising.

Pond Life - 01 Dec 2006 16:34 - 6594 of 7811

All quiet on here for a week. Have you all sold up and moved on?

Another stake increase by AMVESCAP. Surely a bid can't be too far away now?

Sterling Energy PLC (the 'Company')

Holding in Company

The Company was informed on 30 November 2006 by AMVESCAP PLC ('AMVESCAP') that, following the purchase of 1,964,136 ordinary shares of 1p each ('Ordinary Shares'), INVESCO Perpetual UK Investment Series (UK ICVC), are the beneficial
owner of 266,984,458 Ordinary Shares representing 19.03 per cent. of the issued
share capital of the Company of 1,402,950,558 Ordinary Shares.

The above purchase increases AMVESCAP's interest, within the meaning of Part VI
of the Act, to 407,242,907 Ordinary Shares representing 29.03 per cent. of the
issued share capital of the Company.

cynic - 01 Dec 2006 16:38 - 6595 of 7811

Pondie ..... haven't been a holder of SEY for some months now, but certainly that Amvescap holding is interesting as almost certainly being used as a nominee ..... unless I am much mistaken >29.9% means t/o must be tabled ..... however, that does not necessarily mean a premium
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