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

Hello stockie, liquidating O&G?

I have over the most part, leaving now just a couple, I'm happy not depending on the bit of luck with the drill bit to either make or lose a fortune according to the slant of the luck.

I have always felt a bit miffed at this one, (Sterling), held all through the sector rises on the back of the price of oil, this one did nowt!

The spike was nice but unsustainable then, and oh yes Kurdistan may do something, it may well be what is needed here.

I keep looking at some of the oil & gas "dead certs" that were "no brainers" to succeed, SEY, AFR, PRE, PANR, EME I could go on, where have they all ended up?

For the most part, in disaster land for holders.

You need balls of steel to stay with some of these nowadays, and my balls have shrunk through years of fear already without this, (hung up from my old job), so it's off to the lunatic asylum again for me, I need a little but of strong medication.

Oh sod it, Riesling will have to do.

Please excuse my occasional ramblings on once trusted shares, I can't help it while reminiscing, plus sometimes I want to be nice to people, the trouble is my conscience gets in the way, (but then so does the occasional idiot, present company excepted of course!).

good riesling whether new world or mosel or rhine is wonderful stuff and interesting varied; don't knock it! .... as for needing balls of steel to keep holding most of the stocks you mention, it's actually brain cells you need to know when to cut your losses and go elsewhere

And while I am waiting for my seawallwalker minors to come home, have a look at this thread.

http://www.moneyam.com/InvestorsRoom/posts.php?page=3&tid=11131

How many little oilers are in there?

BTW GTL @150????

So the locals have sussed that they can up the price of corn then and screw the boi makers once they have built the refineris then?

Nasty lot!

Bugger the Mexicans, they can't afford to make corn bread any more either. Don't try to invent bio fuel from beans of they will have had it and so will Mr Heinz.

Brain cells is right!

I have a nice Riesling tonight, gone off chardonnay a bit of late.

Pleasant evening to you cynic; Cheers.

Take AFR off that list I still hold them!!!

They are a geat company.

(Arf arf.....)

Gawn Nah!

hi m8! .... nothing special on the wine front for me tonight (polish off the rest of some 2003 Givry, which is a slightly odd combo), though have made a very tasty fish pie; lamb + prune tagine for tomorrow night already done ..... have some quite good 1999 Oz Shiraz i may try with that .... by the way, have you got vouchers to make use of the latest Thresher's 40% off deal on except champagne and similar?

I supposed it wa cheap at 33p!!What is the target price?

Morning cynic, the 99 Shiraz sounds good. I find real bargains at the back of supermarket shelves because most refill from the front and don't rotate the wine.

I have sent he Threshers deal, unfortunately my "Local" does not carry much of interest, but I do tend to be a bit fussy.

ahoj, it was far from cheap at 33p the first time around.##

Target price now is anyones guess.

If I could be patient for another 3 to 4 years, which I can't, it may do just fine and dandy, I don't see much on the downside from here because I daresay someone will buy PMO's share of Mauritania for a song, but the royalty deal will still be there as will that between Sterling and the Government.

The way I see it, in respect of Mauritania, things can only get better, there's nothing wrong with the rest of it at all, quality potential, quality assets and quality management.

An upturn in the price of oil would do some good without positive news.

best buys at Threshers are among their (few) more expensive lines and Alsace which few buy .... for myself, i never buy from supers, but generally buy wholesale

Hi cynic, thanks for that, I'll pop down the road now and see if they have any.

If nowt else there quite a bit of eye candy as well as nice looking at the wines.

_


There potential, that's the word, my English Teacher wrote; "An intelligent buy who has failed to realise his true potential"

Buster Barnes, he was right then, but he could not have foreseen that I would retire at 49 years of age with a pension that keeps me in the manner to which I had become accustomed.

The point; A nice little company that has yet to realise its full potential.

I think it will one day.

Ah - the old days, swapping recipes on the SEY thread!

will happily do that as i cook for a hobby

we need a new management to get this going .

I would have thougth this was worthy of a Stelring RNS?

Maybe a little later in the day perhaps.

http://moneyam.uk-wire.com/cgi-bin/articles/200703270701467666T.html

"27 March 2007

ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE

ACTIVITY UPDATE

1. PRODUCTION

1.1 Mauritania

Further to ROC's Stock Exchange announcement on 24 January 2007, the Company
advises that the Chinguetti-18 development well has been completed for
production and is being brought onstream. Completing of the well was delayed due
to downhole mechanical difficulties that have been now rectified. Gross
production from the Chinguetti Oil Field currently approximates to 24,000 BOPD
(Net ROC: 780 BOPD........................."

So now things can only get better?

Tanker .... is that stronger management to run the cookery school?

LOL

they could not manage that ,

http://moneyam.uk-wire.com/cgi-bin/articles/200703290701509563T.html

Sterling Energy PLC
29 March 2007

COMPLETION OF THE $145 MILLION ACQUISITION OF
WHITTIER ENERGY CORPORATION ('WHITTIER') AND UPDATE

Sterling, the AIM listed (symbol: SEY) independent oil & gas exploration and
production company operating in the Gulf of Mexico and Africa, today announces
that it has completed its $145 million cash acquisition of all of the issued and
to be issued share capital of Whittier, an onshore US Gulf Coast exploration and
production company, which was conditionally announced on 19 January 2007.

Based on end 2006 reserve estimates, this acquisition is expected to:

double Sterling's proven and probable ('2P') reserves to nearly 25
million barrels of oil equivalent ('boe') and add materially to its contingent
resources;

contribute to an increase in entitlement production to a current level
of approximately 6,500 boe/day, compared with an average of 3,100 boe/day in
the first quarter of 2007;

significantly increase cash flow from operations, thereby permitting a
large increase in exploration and production expenditures.

This enlarged USA portfolio will comprise the majority of Sterling's production
and reserves, will extend its operations in an area contiguous with its
shallow-water Gulf of Mexico interests and strengthen the management and
technical team. With a programme of over 40 low-risk wells already planned for
the next twelve months on the Whittier assets, together with Sterling's current
drilling schedule, further significant USA exploration and development
opportunities will be pursued.

Following the closing and payment of related costs, Sterling expects to have
current cash balances of approximately $30 million, undrawn bank facilities of
$13 million and bank debt of approximately $141 million.

Harry Wilson, Chief Executive of Sterling Energy Plc, said:

'The acquisition of Whittier materially strengthens Sterling's position in the
sector and creates new opportunities for us to grow. Adding significant, lower
risk, onshore US production and development assets to our existing offshore Gulf
of Mexico assets, Whittier both de-risks and significantly increases the scale
of our cash generation. This will allow us to build on our existing portfolio
of exploration projects and provide us with greater flexibility to pursue new
opportunities on a bigger scale.'

Sterling is currently operating the high risk/high potential onshore Thunder
Stud well and expects to reach target depth in early May. It also expects to
commence drilling on the 25 well Austin Chalk infill programme next week. This
had been delayed due to lack of rig availability but one has now been secured on
a one year contract with an option for a further year.

Average Chinguetti field production to date in 2007 is approximately 18,600
barrels of oil/day ('bopd') and is currently around 24,000 bopd, with the C-18
well having very recently been completed and brought on production. This well is
part of the Phase 2 field development, with detailed seismic expected to be shot
by mid-year and a further four wells are then expected, to be drilled,
commencing in the latter part of 2007.

As previously reported by Sterling in January 2007, independent consulting
engineers estimated ultimate Chinguetti field 2P recoverable reserves at the end
of 2006 at 51 million barrels ('bbls') and valued Sterling's Mauritanian assets,
including risked gross field contingent resources of up to 18 million bbls, at
$87-121 million. This compared to relevant mid-2006 net book values of $170
million. Since then, the operator has issued a revised field 2P recoverable
estimate of 62 million bbls plus contingent field resources of 48 million bbls.

An offshore well in Guinea Bissau, drilled at no cost to Sterling, has been
plugged this week. Sterling has an option to participate for 5% in the second
higher potential well due to spud shortly. A largely carried well (20.5%
interest, paying 2.5%) is also due to spud in Gabon around mid-year.

Sterling intends to issue its annual results for the year ended 31 December 2006
towards the end of April/early May, adopting International Financial Reporting
and reporting in its functional currency, US dollars.

www.sterlingenergyplc.com

Now you see why the sp has been struggling to raise it's head above the parapet!

It seems even with Chinguetti 18, production has achieved 24kbopd, or is that poor English?

This acquisiion would seem to be very important to Sterling at this stage.