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

so what news are we going to get tomorrow,

Good question TANKER

The next thought after Kurdistan possibly is that maybe Sterling are doing something you want them to do, i.e. raise their profile in the USA, I note that the webcast time reference is EST and it is in New York.

Then of course they have Thunderstud drilling, that no one can establish who the operator is but supposedly targeting 1TCF of gas if I have the figures right from my memory.

Well one thing is for sure, they don't want to mention too much about Chinguetti, as we know that is hovering around 22kbopd, net to Sterling around 12% or take.

Sterling has a Market cap of 247 million, and the current sp is 15.5pence.

Lets see why from their finals.

have any of the board bought shares with there own money .

Yes

19 Jan 2007 Paul Michael Griggs
Commercial Placing 150,000 16p 24,000 300,000 (0.02%)
19 Jan 2007 Andrew Joseph Grosse
Technical Director Placing 150,000 16p 24,000 5,650,473 (0.36%)
19 Jan 2007 Graeme Thomson
Financial Director Placing 150,000 16p 24,000 15,595,510 (1.00%)
19 Jan 2007 Harry Wilson
CEO Placing 150,000 16p 24,000 28,120,092 (1.80%)
19 Dec 2006 Graeme Thomson
Financial Director Notification of Holding 15,445,510 N/A N/A 15445510 (1.10%)
14 Feb 2006 Chris Callaway
Non-Executive Director Buy 100,000 23.25p 23,250 N/A
03 Jun 2005 Elizabeth Butler
Director Buy 20,000 15.5p 3,100 349,550 (0.30%)
18 May 2005 Paul Michael Griggs
Commercial Buy 150,000 15.2p 22,800 150,000 (0.01%)
18 May 2005 Andrew Joseph Grosse
Technical Director Buy 327,865 15.25p 49,999.41 5,500,473 (0.39%)
18 May 2005 Graeme Thomson
Financial Director Buy 350,000 14.6p 51,100 16,049,558 (1.15%)
18 May 2005 Harry Wilson
CEO Buy 200,000 15.12p 30,240 27,970,092 (2.01%)

They did also buy before that but the records are not available easily

lookeslike we may see a test of 14.5p.

they were not bought with there own money opptions,

Some are options some are not.

Some also were taken as a result of placings, particularly the January one and the May 2005 one.

Calloway bought at 28 pence with his own money, Butler bought with her own money to go into trust for grandchildren if memory serves.

TANKER I have said this before but you bought and hold a share you are unhappy with.

I know you bought recently, so why complain about the management.

If anything you should look to your own management of your money and decide if you need financial help.

I do not mean to offend, but you are a mystery as to why you have these at all.

Not logical Captain.

Not logical at all SWW, well put.

i bought thinking that it should go up on what this board was saying , but having now looked at how it is being run not happy very poor ceo. is he alive never here any thing from him.

Tanker .... my view of this and several other crappy E&P companies already well on record, but if you concur, why not just admit you made an error and cut your losses and invest elsewhere, preferably in "quality"

cynic you are correct, dontlike losing money .

no one does, but that is just hard cheese ..... to mix the metaphor, just bite the bullet and follow your head not emotion

i will sell next week,

Next week it could have tested 14.5pence.

And this board is always balanced, even if the bulls don't like it!

Chinguetti downgrades have all been discussed thoroughly here, as has the possibility of Mauritania not being the next great oil province.

Whittier was discussed as a lifeline for cash assets although more paper was used, so, I saw no reason to buy for ltbh at any point during the last 6 months and that too was thoroughly discussed here!

Everything else is a prospect and may not come to pass, equally it may, who knows?

You bought these using your own flawed judgment.

Missed the web cast!!!

I am sure it will be available later although the web site appears to be undergoing maintenance at the moment

Tanker .... what is the thrill of next week that you wish to wait until thne to sell?

"1.3 Chinguetti Oil Field, PSC Area B, Offshore Mauritania (ROC: 3.25%)

Gross oil production averaged approximately 18,300 BOPD (ROC WI: 596 BOPD) down
22% on the previous Quarter. The Chinguetti-18 development well was brought on
stream during the Quarter."

ROC 1st Quarter Activities


No doubt the 22% drop can be attributed to the work over and Chinguetti 18.

So, onwards and upwards from here?

what a load of shit running this,

stop griping and sell then!

is it going bust,