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

It will hopefully pass 4p before any offer is made IMO

lizard
re - Any guesses what the takeout offer was?

The poor 3 monkey think you are taking the ....    

Just remember the US assets alone were worth 16 pence prior to the last dilution for survival.

We may get a shock here yet!

Positive
INDICATORS RISING with volume

Been a while since 33m shares traded. Majority buys?.

Well today is already 25M and is only 11.15am
rising nicely also to 2.15 / 2.18p at the moment

Early news today from HOIL, Kurdistan field close to it ..............

HERITAGE OIL ANNOUNCES A MAJOR OIL DISCOVERY WITH THE
MIRAN WEST-1 WELL TEST IN THE KURDISTAN REGION OF IRAQ

Heritage Oil Limited (LSE: HOIL), an independent upstream exploration and
production company, announces a major oil discovery in the Kurdistan Region of
Iraq and the completion of an initial test programme on the Miran West-1 well.
The results are summarised below:

Miran West structure estimated oil-in-place of between 2.3 to 4.2 billion
barrels
Recovery factor expected to be between 50% to 70% due to the highly fractured
nature of the reservoirs
From the pressure data recorded during testing management estimates flow rates
of between 10,000 to 15,000 bopd per well
Miran West-1 well has an estimated gross oil-bearing interval of 710 metres
Oil produced during testing was medium gravity (approximately 27degree
API),with low sulphur, a low gas-oil ratio and with no water
Miran West field development will be low cost and straightforward to
fast-track
Potential for trucking production for sale by year-end 2009
Success of Miran West-1 has significantly lowered the exploration risk of the
adjacent, similarly sized, Miran East structure


It was announced on 25 March 2009 that the Miran West-1 well had reached target
depth. Several drill stem tests (DSTs) were run over a gross interval of 500
metres, covering the three major producing reservoirs in the region: the
Shiranish, Kometan and Qamchuqua formations.

On the move UP today after starting weaker again, and loosing yesterday all the gains on the morning

Do we hang the flags out now???? actually got to 2.15p feel faint just looking at it.

Another good trading one volume of 38M

the third day with high volume

"Announcement Dr Ashti Hawrami
Minister for Natural Resources
Kurdistan Regional Government

8 May 2009

On behalf of the Kurdistan Regional Government (KRG), the KRG Ministry of Natural Resources announces that crude oil exports shall commence officially on 1 June 2009 from the Tawke Field, at an initial rate of around 60,000 barrels per day. This follows the completion of all the metering instrumentation and the tie-in of the field pipeline with the Iraq-Turkey main export pipeline at the border town of Fishkhabur."


http://www.krg.org/articles/detail.asp?rnr=223&lngnr=12&smap=02010100&anr=29333

Should stimulate a bit of interest in Kurdistan Oilers.

SEY is a dead company.

hlyeo98 is a dead loss. So what?

Further news today .....

Sun May 10, 2009 7:30am

* Iraqi Oil Ministry says Kurdish exports to begin
* Kurdish minister says received ministry permission

BAGHDAD/SULAIMANIYA, Iraq, May 10 (Reuters) - The Iraqi Oil Ministry will begin exporting oil from fields in semi-autonomous Kurdistan, an official said on Sunday, heralding a breakthrough in a bitter feud over control of Iraq's oil wealth.

Oil Ministry spokesman Asim Jihad told Reuters that once fields in the northern Kurdish region had been connected to the national export pipelines, "the Iraqi Oil Ministry will start exporting crude extracted from some oil fields in Kurdistan."

"These quantities will increase Iraqi export capacity, and all revenues will go to state coffers. The Ministry supports any steps to increase Iraqi output and export levels," he said, but declined to comment on when the exports would begin.

Jihad's comments came after the Kurdish natural resources minister said he had received a green light from Baghdad to begin the first official exports from Kurdish fields.

"Today I received an email message from the Iraqi Oil Ministry sending us their approval for the Kurdish government to export oil through the Iraqi pipelines to Ceyhan (in Turkey)," Ashti Hawrami told Reuters by telephone from outside Iraq.

On Friday the Kurdish government had announced that oil exports from its Tawke field would begin on June 1, saying they would start at an initial rate of 60,000 barrels per day (bpd).

It also said that 40,000 bpd of exports from another field, Taq Taq, would begin, travelling by truck and through an Iraq-Turkey export pipeline.

But there was no immediate confirmation from the Shi'ite-Arab led government in Baghdad, which has long called contracts Kurds have signed with foreign oil firms illegal and on Friday Jihad denied that permission had been granted for the Kurdish exports.

The oil feud is part of a larger dispute between minority Kurds and majority Arabs over resources, land and power that has held up national energy legislation and cast a shadow over a country struggling to emerge from six years of bloodshed.

Oil Minister Hussain al-Shahristani is facing increasing pressure to increase sluggish oil output, now around 2.3-2.4 million bpd, and turn around an industry in dire need of major investment after decades of sanctions, neglect and war.

On Sunday Jihad said there was a joint technical team, including Kurdish and Arab officials, that would conclude preparations for the launch of Kurdish oil exports.

Until now Baghdad's refusal to open the national pipeline to Kurdish oil exports has meant oil from Kurdistan, largely independent since 1991, has gone only to supply a small Kurdish market. Small amounts have been smuggled abroad.

Kurdish officials, who estimate reserves of at least 40-45 billion barrels in the area now recognised as Kurdistan, have meanwhile struck deals with firms including Toronto-listed Addax Petroleum (AXC.TO) and Norway's DNO International (DNO.OL), which is developing Tawke.

Rising with volume today only 43M with some large trades

My thinking -

The Preliminary Results were previously issued -2007 on 1/5/08,
2006 on 16/5/07,
2005 on 24/4/06,
2004 on 11/5/05.
This year ( 18/5/09 today ) and they are not yet issued ?
Are the directors waiting for something, or are they just getting slow ?
I think something is about to be announced.
Why suddenly the big trades this afternoon ?
Have they sold the USA interests or are Exxon / Mobile drilling in Madagascar ?
( Madagascar license is for 8 years from July 2004 so expires June 2012 - they better get a move on as five years now gone ! SEY have 30% in this large area )

I think we will hear something big in the next few days -
This one is going to fly at some stage

Inverted Head & Shoulders

Still no preliminary figures / report issued.
Now 22/5/09 = about 2/3 weeks later than usual. - its the latest for at least 5 years.

What are the directors waiting for ??
USA sale, Madagascar farm out, Reserves upgrade ?

What ever it is , it should be good. I,m impatiently waiting

Preliminary results will be out any day now - maybe tomorrow or next week
I understand.

It's the latest they have been issued for years -
They may make interesting reading !

A good surge today on the share price with volume reaching high numbers 42.8M