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

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.

bitter and twisted little queen ...... cannot abide anyone who thinks a share is crap and has the temerity to say so, even if supported with some sort of logic

If you'd bothered to read any of the posts made by tanker you would see they have been a one-way vitriolic diatribe against SEY. Hardly balanced. And he's been roundly criticised by many posters for it. So in terms of being bitter and twisted cynic I think you're looking in the wrong place. Over the last 4 years SEY has made me a lot of money and my small remaining holding is still massively up on the 7.2p I originally paid for it. And it's not as if SEY is red amid a sea of blue these days.....

....But thanks so much for adding such a valuable contribution.

i knew how truly appreciative you would be; good of you to mention it ....... you would be a damn sight better off (probably) had you traded sensibly rather than sitting stumm

Never mind all that!

The next support shows at 10.23pence from 2003.

Thoughts over the road say there could be a forced seller, as we know over 50% of the stock is held by institutions, if one of them has called time, we may see yet more stress.

The series of AT trades over the last few months give that thought a little credence especially more lately.

volume is quite high at just below 6m against a daily average of about 5.3m ...... it is of course not impossible that there is a large part filled sell that has not yet been filled, so that could ultimately show volumes to be much greater.

the real truth of the matter, and i know i say this regularly, these small cap spivvy stocks, especially those without much by way of true assets behind them, are always going to be clobbered particularly hard in difficult times

Thanks for that cynic and I accept your point, however after May last year, there was no corresponding rise in the graph before this current round of sustained market falls.

It is getting a real bashing!

on that basis, it sounds as though the company is not much cop anyway, or at least that is the market's view

Despite repeated recommendations all over the place since May, it would appear to be so.

In the interest of being balanced, I would say they have the potential still to fly back up, given luck, and that is what they have been short of.

But then, nothing is ever straight forward with these little oilers and progression to the middle tier can be difficult and the route hazardous as this appears just now.

I should add, if they ever get there!

looks like we will reach the bottom at 6p it could be a good time to buy then.

This made 31's a couple of months back.

I have copied the relebvent bits fully as I do not recall seeing it here.

http://www.dolmenstockbrokers.ie/reports/13%20June%202007.pdf

Todays Recommendation

Sterling Energy (16p) Successful onshore US drilling Stuart Draper
Target : 28p (24/08/06 ; previously 34p, issued 17/05/06)

Successful drilling : Despite the recent widespread stockmarket weakness, the share price of Sterling Energy has risen by 7% within the past month. This recent out-performance should continue over the coming months, driven by further progress in developing the groups onshore US and international portfolio of assets. The company recently reported a 2006 cash operating profit (EBITDA) of $56.2m, a more than quadrupling on the 2005 comparative of $11.6m. This strong cash flow is expected to grow further to c.$65m in 2007 and to c.$75m in 2008. There is major upside potential for the share price from the allocation of this cash flow to fund further successful low risk drilling to grow the groups 2p reserves.

Funding increase : The latest successful drilling, just announced, relates to the Thunder Stud well, onshore Louisiana, which has encountered multiple pay zones, and which will be production tested later this year. Even though these production tests will be necessary to prove the commercial impact of the discovery, based on the successful drilling of the former Whittier company since the start of 2007, the groups US bank facilities have been increased by $6.8m to $61.5m, which are in addition to further undrawn bank facilities of c.$19m and a group cash balance of c.$37m.

Proven reserves : Even assuming an oil price of only $50/bbl, the 8% Chinguetti holding and royalty interest is still worth c. 55m. Valuing the companys separate 5.28% Tiof royalty on 359m barrels, which remains unaffected, gives 60m, as does
its Tevet royalty worth c.5.5m, giving a total oil value of c. 120m. Sterlings Banda gas royalty in Mauritania is still worth 42m. The value of its proven and probable gas reserves in the Gulf of Mexico has doubled to 180m following the Whittier acquisition, as has its 3P Gulf of Mexico gas reserves risked at 50%, to 74m, giving a total gas value of 296m.

Major upside : When Sterlings liquid assets such as its Forum Energy 14.7% shareholding worth c.2.4m, and its new net debt of c.53m are also taken into account, the groups NAV increases to 365m, or 23.3p for each of the 1,566m shares
now in issue. We had previously conservatively valued Sterlings entire additional exploration licences at Madagascar, Gabon, Guinea, Bissau and Cameroon at 65m, adding a further 4.2p per share to our valuation, to underpin our current 12 month
share price target of 28p (75% further upside) : BUY.