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

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.

also see my post + chart 6677 ...... not only (some) resistance at 19, but likely to be sterner still at about 22 where 200 dma is hit

Of course it has to get there to test the resistance..........

Next week I understand.

How many times have I said that the oil price would be supported at $60. That does not mean that it won`t go below that but it does mean that if it does you can be sure of production cuts. Even in Iran production is heading down through lack of investment and that is before any sanctions take hold. Those voices that are now telling us that the oil price could plumet could at the drop of a hat be telling us they could rocket. All these speculative positions do not help any long term Sterling holder.
Out of interest, now that Madagascar will be hitting the headlines this year I thought I should do a little research. 2d surveys have been ongoing for some time to be followed by 3d. These are causing a lot of excitement in the area. On one onshore block they are CERTAIN that they have 3 billion barrels and offshore the possible reserves are much higher. I would recommend that people do some research and they will see that the surveys are being completed and the drilling will start in the near future. In the meantime we are awaiting the results of a number of HIGH IMPACT wells along with what could be some exciting news from Kurdistan.

fido - there is more to this than the price of oil.

Petrel Resources (PET) Asked if nationalistic Iraq, resenting the US & global oilcos, is grooming PET into
a "BIG BEAST". DH replied: "that is exactly what is happening"

maestro I am intersted so give us the link.

ok... www.lemminginvestor.com

http://www.lemminginvestor.com/

Is a subscription only and I am not about to spend 43 to check out a comment on discussion board.

Just about as useful as usual meastro; Not!

So who attributed those words to David Horgan, because your post does, and I hope it is you reporting something you have seen.

I joined lemming last year and have made very successful investments by following their research. SOLA with spectacular results, CCH-rising rapidly, BPRG and EIIB doing OK. I will certainly renew so don't dismiss them as another average tip sheet.

seawallwalker ..its free info...look before shouting ya mouth off..lol!

That is not what I asked maestro!

listen seawall...quit whinging and fill ya boots monday or regret bigtime... Con Horgan is not a bull-shitter!

I am not whinging, I am asking.

You are not answering.

Forget it.

I wont thanks, but good luck.

PS:- Con Horgan is a bullshitter.

The Danbury Dome did him no favours in my eyes.

I was lucky to get out wit 3/4 of my investment.



Guess when that was?

I dont care what he says, anything he has interests in means I employ my long bargepole.

Good luck PET and PRE people, you all deserve a bit of luck from those Irish wags.