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

this is the only company i hold were the ceo as not bought shares withis own money and i don't mean a couple thousands .why will they not invest there own money . well i say there own money salarythat they have had for nothing,so he doesnot think much of it.

:

Directors shareholdings:

Name Amount % Holding
Harry George Wilson 28,120,092 1.795
Graeme Paul Thomson 15,595,510 0.996
Andrew Grosse 5,650,473 0.361
Richard Dick Stabbins 4,474,272 0.286 PeterKellaway Wilde 620,000 0.040
Paul Michael Griggs 300,000 0.019
Christopher Alan Callaway 200,000 0.013

You are wasting your ink optomistic.

TANKER is completely unyeilding as to what the Directors hold have paid for the shares and have done for the Company.

He should have sold ages ago and kept his money, but he prefers to hold and whinge.

I suspect at the moment he is locked in like most?

( unlike me and cynic I suspect?)

was i ever invested here? ...... maybe, but it must be a good while back ...... only oily i current hold is PMO (+ indirectly HAWK and PFC) which is also not doing my portfolio any favours, but at least it's very much a "proper" company with some prosepct of being a t/o target

Morning all in the interests of completeness, I post this from a very good reliable poster over on TMF.

Hallucigena was at the AGM and adds a little to what has been written so far, so with grateful thanks, I repost it here from TMF in it's entirety.

"Sterling - current market cap 215m (13.75p), Westmount Energy (WTE) represents the cheap way in as they hold a big chunk.

Tube/train fine, 11am start is quite civilised. Held in the Ashurst building opposite where the SOCO AGM is held, no biscuits and terrible coffee.

Currently producing 6000boepd according to AR, they said 4700bpd up 10% since March - I think referring to the US only or excluded Whittier? Big event of the year was the acquisition of Whittier Energy for 100m cash, which expands their Texas/Louisiana acreage and doubled reserves to ~24.5mmbbls. Reckoned that onshore was the way to expand US interests as rig situation so much easier. Combination of Whittier deal and year end has meant they've been in a close period for about 6 months, so haven't been able to do much promotion in the City.

Current well flowed 2mmcf from Austin Chalk, 2 month test starting next month.

Chinguetti gross production :
Q1 18.3kbpd
Q2 15.4kbpd
14kbpd recently.

But at least Woodies have upgraded P2 from 50 to 67mmbbls. They saw $7.70 per barrel from the ex Fusion royalty, and 0.9mmbbls total from their government deal, and they didn't contribute to the $100m bonus payment to the government.

Seems to be that the entire future of Mauritania largely hangs on what happens in the Phase IIB development drilling at Chinguetti in Dec/Jan (3, maybe 2 wells + 2-3 workovers, wells cost $60m+ and access 2-6mmbbls each) - if it's disappointing then Tiof probably won't happen, they haven't OK'd it yet. 2 lifts this year, first one $8m, second $11m.

Gabon - well on Themis in Q4 (WI 28.5%, pay 10.5%)

Madagascar - very excited about it, but slogging through 2D interpretation and 3D is next, so not a lot for the market to get a handle on.

Just moved office - will cost them another 200k, but are saving 50k on closing Whittier office.

Forum Energy were mentioned in passing, couldn't say much about it.

Some useful gossip over coffee afterward, but didn't hang about long as had to make it to JMAT at noon.

Perhaps the most immediate news would be the announcement of the Kurdistan license - I've had a little tickle as my play on sorting out the Iraqi petroleum regime, but feels like the market just can't get sufficiently excited about the rest of it, not enough material drilling. A lot like Aminex in many ways. Having Dick Stabbins as the new chairman may mean some new deals, he seems to be one of those people who knows everyone :-)

H "

Good slant on everything I thought.

op. they have NOT used any of there own money out of there pocket read the accounts,

and now we have given stabbins over 4.400million shares at no cost to him. not one director as put any of is own money in to this company .thats how much they think of this .

Tanker,
Would you buy shares if you could get them free ?
If your not happy then sell and buy something else.

for all your sniping at Tanker, it is clear that the market remains seriously underwhelmed by this company ...... no clear reason whatsoever why anyone should throw new money into this ring

cynic, the plain fact is that many have............(thrown money etc)

Chinguetti has spolt their fun, so it will need something pretty big to spark interest again.

like receivership you mean ... lol!

does our ceo ever say anything or is he dead,

Did you hear there was an AGM and they installed a new chairman.

That was last week and plenty was said as I am sure you know.

I don't think you hold any shares here and never have.

I wont call you names, but others know what you are up to, you post as ludlow3 over on ADVFN and have never said one thing positive in all the months you have posted while undermining the Company and the Board of Directors.

That, is a fact!

SWW, ludlow posts on the other side that he has many thousands of SEY ;-)

ludlow3 - 31 Jul'07 - 14:32 - 1786 of 1889
i am not bothered about having 25k tied up,it might be still there when i die.

Words are cheap!

(if i may say so).

Can anyone start a thread for the de-rampers to use, so they can satisfy their urges without offending the genuine shareholder, who actually owns the shares in question.

When I sold my large CNA holding (following the AA sale), I had no reason to visit the CNA thread. And still don't. They are of no interest to me at all.

I would view myself as a troublemaker if I kept posting the CNA thread with negative thoughts.

Oh well, cest la vie, viva la difference!

It would be a dull world if we were all the same, wouldn't it?

Maybe dull but far less annoying!!

below 12p says it all.

Shame you felt the need to comment then tanker.