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

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,

No.

What are you a school kid on sick leave?

hiya.
i am new to this board and can't really be arsed trawling back through months to try to get to speed. over the last few years, i know, i/c has touted this share very often, claiming it has more diverse interests than other oils, and cash. the price though apart from that heady period seems to languish. as i recall i/c seemed v. confident around 18 so does anybody know the facts?
cheers.

tiltoman, results being published in a couple of weeks.

That should sort out any speculation on anyones part.

If you hold, I see no reason to sell before then but expect the sp to drift until then.

You no doubt know that Chinguetti has failed to live up to expectations, however Sterling have acquired Whittier Energy recently and now this has a period of adjustment to make while the company is absorbed.

what seawall, means is the board bought out whittier because they could not thing of a way to push the company forward so that they could carry on picking up there salary,till they retire

seawallwalker,
thanks for responding to my post.
actually i do not hold this share; i am thinking of buying in as a low risk safe option. i know you have posted on this board for sometime so my point was, as the i/c was heavily touting it for the last two years at 18 pence + is it now a bargain? come the results is it going north from 14.5 or south? my instinct is to go with i/c view that it is one of the better, more comprehenisve oils, but i've been wrong before. lol.

So have I/C!

Frankly you are asking someone who does not hold and has no intention to until something else appears to drive the sp.

Is it a bargain?

Yes if all their plans fall into place, but for 2 years their plans have stalled so I don't know.

Maybe they are destined to be unlucky?

It is a good way to remind yourself that this is a risky sector to invest in.

Of course the rewards can be great, or I would not do it.

I tend not to hold now once I have a good profit, and I am also capable of cutting and running if things go wrong, like they have here.

There is a good chance of sp recovery at any time, likewise there is a good chance of it going wrong too.

I prefer to watch just now.

to put it more bluntly than SWW ..... just because 20% sp is lower than it was 12/18 months ago does not per se make it a bargain or even good value .... is this company low risk? ..... you must be joking!

cynic--------stop prevaricating and say what you mean, ha!ha!
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