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

Any one know the reason for the sudden rise in Sterling Energy today?

it's only 1p and perhaps sp has come up out of the slime for air!

I don't know but it's 1.5p which is 15% and therefore not insignificant.

15% of bugger all is still bugger all unless you happen to hold at least 100k of them - and even then it's not much

Moving up ahead of interim results presentation next Wednesday 26/9/07.

cynic- under 10 pence to buy was a fantastic opportunity.

At 17.5% rise today alone since 10.30am that is very significant with the interims due next week and the likelihood of Oppenheimer have completed their sale of their notifiable interest now.

Time to wait and see what this is all about on the off chance you make a wrong call that people take note of.

Especially as there are two items that could significantly change the outlook of Sterling due now.

if you bought <10p, then you are indeed laughing, but i suspect most in here bought at an awful lot higher

They may have something to look forward to next week, lets be optimistic.

From another thread ..........

SEY 11.50 - 12.25p +1.875p

My Prediction of the Future CUP shape since yesterday is slowly forming today

Thought I would pop over and say hello.

How are we all? Is it the debt sorted or the seller being cleared out or thunderstud or a dead cat bounce? Figures should IMHO be good from SEY on Wends.

But as alluded to earlier something big needs to happen to get the juices flowing again on this one.

One last Premier have a prefered suiter for thier Mauritania assets and TLW are still keen on the prospects for Mauritania so not a dead duck yet.

good luck to all.

Tanker what an origional name LMAO hope you are double skinned.

Regards

good morning all! what's the story morning glory? i had a small uptick in P&L and was shocked to see it was from SEY!

how is the old team?

Rgds
PT

Hi prop.

Long time.

I think you will see us all here or here abouts, been in and out, but currently in.

Have to say prop this one did not pan out as expected within the time frame we foresaw back in 2003/4.

In reality it is in a similar postion as then, more diluted and and a similar or less share price.

Yes there are some good prospects in the offing, and there were then too.

Are you still holding?

i am but about a quarter of what i held then....

so what else is keeping you busy? i am still in PANR which is annoying but will come good. I am still playing alot in Australia and heavily involved in a few names there, very interesting.

it seems moneyam is a quiet place these days..

personally i would rather be in cash right now, too much uncertaity in the world...

Rgds
PT

Hello proptrade, I'm still a SEY share holder but I've had nothing of interest to add to this thread for the last six months or so. Our team (Arsenal) are going rather well at the moment and making profits too. Rgds goal.

I am in a similkar boat to you prop, mosly cash.

I ahv a few things riding mostly penny shares, high risk, less outlay.

I never did panr, they wee a disappointment when I last looked.

I have TRP will could multibag in a big wasy in the next 12 months, (or not as the case may be!).


Scuse spelling cut my finger badley today.

seawalker-----I wish I could type with my toes as well as you have. ha! ha! Hope the finger improves soon.
2517

great to hear from you guys.... the gunners are doing the business (and i bumped into David Dein last week who seems to have played a poor hand).

we live in interesting times...these markets are either teatering on the brink or i just dont know what! we need a 20-30% shakeout. it is one of those times when if we have a massive drop those wonderful analysts who peer in the rear view mirror will say the writing was on the wall. timing as always is everything!

thoughts?

Rgds
PT

If it don't happen soon it won't this year and when it does occur then it will hurt more.

I think it wont happen...........yet.

SWW

Sorry to intrude while away but been pondering.

Small Aussi oiler Baraka oil ltd has plots 20 on shore mauritania and t11 and t12 further in land.

now Woody farmed into t11 and t12 a while back now owned by Petronas who also own blocks adjasent to t11 t12 i am lead to believe. the rift is ment to run (i am no expert) in the line from ching to these approx blocks. and 3d has just been completed according to the Barakas website on t11, t12.

Just thinking outload gents, SWW or anyone else would value having a look just maybe we may have in Baraka another TRP??

regards

Sorry for of subject but lost your e-mail

As it is IIFC run by Max de Veiri, it could be a good idea.

However, against is that the rift is not performing as expected.

You know the Chinguetti story, what you may not know is that Block 20 was drilled last year to find fluorescence and minute HC shows but not in any type of extractable quantity.

It's all written on the Barkara RNS's to the ASX.

http://www.barakapetroleum.com/ENGLISH/english_index.html

June 2007 report, see reference to block 20

The web site is not up to date as they seem to have ignored the failure.

Any way, the Chinese firm have pulled up sticks and left block 20, and it looks never to be drilled again. Sorry to be woolly on names but I did not need to remember them.

If I can be that well known pessimist, that actually called Chinguetti correct before it was developed but failed to sell my relevant stocks >:(, I think I would not buy BKA just for Mauritania. The rift really does have to prove it is viable on it's own without problems in production before expanding outward.

As far as comparing BKA with TRP, forget it, the only similarity is that both are penny shares.

TRP is a wild punt but based on information that the Albertine Rift is holding vast quantities of oil, yet to be pr oven in TRP's block 5, but you know when you look at the tectonic map, there is an extremely high likelihood that the oil is in block 5 based on the surface tectonics and gravity anomalies.

The drills so far in other blocks average 70% of success for commercial oils, 100% if you include that which was CO2 charged at Turaco. So every well has hit oil in the Albertine Graben since drilling in 2004.

The hunch is therefore high backed by good evidence albeit circumstantial.

If you want some advice, leave BKA alone. they could do it, but the odds are they wont in Mauritania. As far as TRP, the odds and confidence is quite a lot higher.

As I have emptied out the back of my mind to answer this, I must now add, no advice given and please do your own research here as I have, you may just come to another conclusion that has as much chance of being correct.

I have reinstated MAM messenger for you.