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

"(words to the effect that) any Co using men and equipment in Kurdistan would not be considered etc.......in Iraq."

This is why agreement is such good news. Before there was sabre rattling with the Kurds threatening to quit Iraq and Baghdad saying the above. Agreement now means that Sterling can negotiate deals throughout Iraq with a link up with Petrel possible because of the links between the two companies. As I said before the important thing is the hard talking is coming to an end and we can look forward to Jan 7th and the PSC announcements.

Okay.

Understood.

Well, the trades indicate that even though most of the big boys are away, they are still active, some large trades going through.

I also suspect the mm don;'t know what's going on, they are trying to hold the price back.

Well that was an exciting end to the day.

42m so far reported.

It will be intersting to see what, if anything transpires tomorow?

Petrel finished up nearly 17%.
A sign of things to come for Sterling.

Looks like SEY is on verge of a breakout....imo

i no longer hold, but certainly it is encouraging to see sp jump through 50 dma level.
may be some resistance around 19, though that assumes present modest strength is maintained anyway.

Word must be leaking out that they have found oil!

or just a bit of lemming money hopping on board in hope rather than actuality

Cynic, I have noticed using the 3 month period on the chart that the red and green line gap are narrowing and set to look to cross over over next few sessions. I dont know how to paste the chart to show.

50 and 200 dma are still relatively some way apart .... see above.

easy to paste charts .... assume you knwo how to get into them ..... just highlight the gobbledegook below it, press control+c and paste in here (control+v)

Thanks, well I just use the standard settings for my research and you can see the gap is much smaller.

personally, i do not set much store by 13 dma for purposes of judging golden cross or similar ...... believe 50 + 200 are much more important

as a deal been done ,

Looks more and more like a breakout coming at last.

And this without remedial well at Chinguetti 18 being spudded.

If Chinguetti 18 is successful it will go back mid 20's imo.

Again, if fido is right about Kurdistan, and the signs are there, (read this) then 30's would not be out of the question if they have stuck a very good deal, especially as Iran Production is apparently in significant decline.

SWW,

The article appears to ignore the fact that the Iranians are receiving many times what they were previously for their oil, so even though production may be declining, revenue will be less so.

Iran will of course need to invest in new infrastructure sooner or later, my guess is there will be unrest sponsored by the US before too long, possibly after a military strike against their nuclear facilities.

if so, that wiull sent both the oil and gold prices rocketing and share prices crashing ...... doesn't bear thinking about, and not for financial reasons either!

Got to be honest I only read the header with the intent of doing the rest later.....

Not got too much time just now!

Now I have read it the item says what I thought it did.

Iran will soon have an energy deficit that they will seek to close by enriching uranium or by getting friendly with it's near neighbour, Iraq who are able to deal with it's new foreign friends.

As to whether the USA would do anything tactical in Iran?

Who knows, but would Israel?

The odds are they may do something through subterfuge first but if that fails, then they have to do a tactical strike, the sabre has been rattled in their direction in respect on nuclear weapons from Iraq.

No point worrying, if the worlds economy collapses as a result, we could all become black marketeers instead.

For anyone who hasn't seen the RNS:

Sterling Energy PLC
28 December 2006


Sterling Energy PLC (the 'Company')


Holding in Company


The Company today received a notification dated 22 December 2006 from The
Capital Group Companies, Inc. ('CGC') that, as at 21 December 2006, CGC had an
interest in 116,415,000 ordinary shares of 1p each in the Company ('Ordinary
Shares'). This interest represents approximately 8.29 per cent. of the issued
ordinary share capital of the Company, being 1,402,950,558 Ordinary Shares.


This interest arises by virtue of Ordinary Shares attributed to the following
registered names:

Registered Name Ordinary Shares


State Street Nominees Limited 16,500,000

Chase Nominees Limited 99,915,000

If this can break the stubborn 19p barrier, I think it will be off! I see mm had been testing the water with bids at 19p this morning. Maybe it will today.