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

Sterling Energy PLC
15 November 2007

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN


15 November 2007

Sterling Energy PLC
('Sterling' or the 'Company')

Placing to RAISE 11.0 MILLION


Sterling (symbol: SEY), an AIM listed independent oil & gas exploration and
production company with interests in the Gulf of Mexico and Africa and the
Middle East, is pleased to announce that it has raised approximately 11.0
million gross of expenses (US$22.3m) through a placing of 78,510,027 ordinary
shares of 1p each ('Placing Shares') at 14p per Placing Share (the 'Placing').
The net proceeds of the Placing will be used to fund the initial costs relating
to the Production Sharing Contract ('PSC') entered into with the Kurdistan
Regional Government of Iraq ('KRG') for the Sangaw North exploration block
('Block'), announced on 12 November 2007.


The PSC


The Block, which covers an area of 492 sq km is located approximately 140 km
south east of Erbil and 50 km south west of Suleimaniah. It lies in a highly
prospective area around 50 km south east of the giant Kirkuk oil field and on
trend with the major Taq Taq and Chemchemal oil and gas discoveries. The Block
itself contains a large surface anticline with the possibility of multiple
reservoir targets, in common with many existing fields in the area, providing
strong encouragement for exploration success.

The terms of the PSC are in accordance with the terms and conditions published
by the KRG. Sterling has 100% interest in the PSC subject to back in rights for
the KRG and local industry partners.

The PSC has an initial 3 year exploration period during which Sterling plans to
acquire approximately 200 km of 2D seismic and drill at least one exploration
well. The Company will start work immediately, having already established an
office in Erbil earlier this year. It is anticipated that expenditure over this
period, including initial costs, could be in the order of US$35 million.

Sterling's signature of the PSC, together with other recently signed agreements
with the KRG, brings the number of international oil companies now working in
Kurdistan to 25.



Operations Update

In an operating update published on 12 November 2007, Sterling announced that Q3
net group production averaged c. 6,100 boepd, an increase of 25% over the first
half. The Company also confirmed the imminent start of drilling offshore Gabon
on the 5-20 million bbls Admiral prospect in which it has a c. 28% interest, as
well as continued drilling in the USA and the start of Phase 2b development work
in Mauritania in early 2008.


The Placing Shares

The Placing Shares will rank pari passu in all respects with the existing
ordinary shares of 1p each and will represent 4.76% of the Company's enlarged
issued share capital. Application has been made to the London Stock Exchange for
the Placing Shares to be admitted to trading on AIM. It is expected that
admission will become effective and dealings in the Placing Shares will commence
on AIM on Tuesday, 20 November 2007 ('Admission').

Following Admission the Company will have 1,648,710,585 ordinary shares of 1p
each in issue.

Commenting today, Harry Wilson, Chief Executive of Sterling Energy Plc, said:

'The proceeds of this Placing will fund the initial costs on the Sangaw North
exploration block, which is the latest addition to our growing portfolio of
near-term drilling projects. The upside in these exploration targets, when
combined with our producing US and Mauritanian assets, positions the Company
well for the future.'

And then they go and spoil it all bt saying something stupid like,

"A placing"

tiltoman - I can not reply to your question unless you send me an email address.

However I am pleased that you took the advice in Spring and did not buy into Sterling then!

Times are a changing, strategies change too.

I have said all I have to here, the rest is up to you.

Well

Thats a question for the AGM or is it favourtism for someone.

strikes of tin pot to me.

Regards

well...i sold the balance (very scrappy) holding last night to some lovely punter who lifted the 50,000 i had on the offer at 14.5. held this way way too long and the bookmark position was to keep SEY on my watchpage...

how is trix with the old team?

This thread was started on 14th June 2004.

The share price was oscillating between 14pence and 16 pence then.

Today it closed at 14 pence and could be on a renewed down turn, I trust cynic to put me right there.

Plainly underachieving.

Don't care too much about what's in the pipeline, I would never in a million years have expected this to have happened, or not as the case may be.

prop, as I have had a personality change you will know that I think this sucks.

I should have stayed out when I sold out in 2006. I didn't although I have made a few quid trading here and there, it's not really been worth the effort of pushing buttons, while others stocks have run away, like soco dana and jkx.

Good luck to new holders with new money, I hope they wont need the luck.

well back when i started the thread i think i paid 12.5p...seriously underwhelmed!

so what shall we now look at???????

Rgds
PT

Well, I have had my attention grabbed for some time by NPE and TRP, in particular but mostly I have been dumming down for 9 months or so.

I keep looking at WLW and thinking that can't be right, but I am not too sure I want to take out a pun t on it just in case it disappears up it's own ar*ehole.

Have a look see at TRP for Uganda in particular, Namibia less so in my book. NPE is one that will get taken out sometime by it's parent Company most likely, plus it has a nice portfolio of safe North Sea assets.

There's plenty over on ADVFN for both, less so here.

Not too sure about your PANR tip, it's been through the wars........

What shall we look at?

Not this one.

Looking back to Novemeber I coud have made a few quid on my thoughts for the overall market, but then I also have not lost any.

TRP, IVE and NPE

I had an sold some WLW from it's low frankly I think this market rally is very reassuring but also short term.

Small oilers did not move during the depressed period.

Under 8p now, bargain I think, out with the old and in with the new it looks like today.

14 March 2008
STERLING ENERGY PLC
('Sterling' or the 'Company')

USA GAS DISCOVERY & PRODUCTION INCREASE

Sterling Energy (AIM: SEY), an independent oil & gas exploration and production
company with interests in the USA, Africa and the Middle East, is pleased to
announce a gas discovery from its Marlin #1 well, Texas, USA and an increase in
USA production.

The Marlin #1 well has been tested at a rate of 3.4 mmcfgd (net to Sterling) on
a 26/64 inch choke, flowing at 6,100 psi. This Austin Chalk well was drilled to
approximately 15,000 feet. Sterling anticipates first sales in April 2008.

USA production for the first two months of 2008 averaged 28 mmcfged compared
with 25 mmcfged in the fourth quarter of 2007.

Graeme Thomson, CEO of Sterling, commented:

'This is a very pleasing result which will add materially to our near-term USA
production revenues.'

Sterling Energy Plc (+44 20 7405 4133) Web site:
www.sterlingenergyplc.com

Morning Goal. I like the bit 'net to Sterling' :-)

Hello opto, this bit sounds good too, Sterling anticipates first sales in April 2008.

Does indeed Goal and at 6100 lbs/sq ft pressure it is not going to take much to get it out of the ground :-)

So, they won't go under. Those shorted this company should start buying back next week. IMO

The volume yesterday was the third highest volume ever since ten years ago. 80M was the highest just before it touched 35p... I bought at 33p though!

ahoj, sure about the volume, we had 64 million traded yesterday, I'm sure I have seen several other high days?
Re the short traders, if they leave it until next week they could be a long way out, shorts need to close fast IMO.
33p seems a lot nearer today than yesterday but will take more than a few days to see that figure again.
Good luck
opto

I very much doubt there was any shorting of this company.

More like ineptitude by the management and a complete disregard of the small investor.

That is why HW has been side;lined and in the nick of time too imo.

Now it has a chance if you are prepared to hold for another 5 years.

I will hold my few just for fun after all they cost me nowt!

Meantime those who feel the need may ramp away.

Long time since I looked in here!

Finally, some good exploration news!

One point that seems to have been missed, and I'm surprised SEY didn't mention it in their RNS, is the higher price of gas in USA, which will compound the already higher production in 2008.

Add on the new production, and all in all a decent result.