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

mmmmmmm, 40 x their closing price of 3.92 last night equates to 156.8p.
2517

Market cap over 311m..........

Thats an awful lot of oil they need to find @$1.47 per barrel in Kurdistan, should be easy if results elsewhere are anything to go by.

A billion barrel field will double your money and a bit more.........

Could be worth a punt if only they could sell any find!

Currently the Iraq Oil Minister says no........... and he also says he won't change his mind Kurdistan licenses are illegal and yes we have heard all that before.

One to watch nevertheless.

Business Financial Newswire
"Oil and gas company Sterling Energy says drilling for its Sangaw North exploration well in Kurdistan is likely to be delayed to the end of January due to heavy rain which has hampered construction. "

It's good that they are trying to act as planned. Very positive IMO.

Up 6.73% or 10.25p today - Are they begining to generate interest now that Kurdistan drilling is anticipated to begin any day soon.
They may rise more on breaking news of spudding in ?

Taking an old price of 4p for compasison = 2 for 9 at 1.3p plus extra available 1/2 share at 1.30p per share =
9 x 4p = 36p + 2 x 1.3p = 11 for 38.6p + 1/2 for .65p = 11.5 for 39.25p = 3.41p

Even more .. 3.41p consolidated at x 40 = 136.52p .. therefore up 18% from a pre Xmas price of 4 p ....

I like playing with numbers, it keeps me sain in an odd sort of way, but I think it will now rise steadily from 161.75 to ?? 235P in anticipation only of an oil find ???

That CSE in maths wasn't wasted was it.....lol the only figure i'm good at is
(**)
( . )
as close as I could get it...lol

On Selftrade 2 analysts have a target price of 280p for SEY. No reasons or timescale though, but sp nicely up today to 166p.

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Wow! An impressive climb!!!

The stock was consolidated you idiot!!

Haha! I thought I would get your attention.

yep
but could someone perhaps get MAM's attention to adjust the chart accordingly. i think it it is possible. it would certainly help, maybe with a note of the consolidation posted somewhere so we might be aware of it?or maybe both charts? the original preconsolidated one as above plus the adjusted one. would this be possible?
do i need to post over at the bugs thread ? or will this post do?
thanks
regards
jk

all you have to do is read the rns accordingly....

Bb
yep but how will that help me get a true chart reading if data isnt adjusted?
regards
jkd

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Nearly every time there is a consolidation of some kind in just about any stock : some sort of pullback occurs.....before rising again....here we are again...

If old price was 5p then current price would be ( see 7381 14/1/10 above )
3.41p / 4p (offer conversion equivalent 85.25% ) on say old price of 5p = 4.2625p
4.2625 x 40 ( consolidation ) = 5p old price equivalent to 170.50 today equivalent

Price now 173.50p is equivalent to old price before open offer of 5.085p

Still room for improvement ? if old price was 7p then now would be 238.75p

Why the chart guys are too lazy to make corrections I do not know - they should not be employed.

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r
you probably are correct. but it is said a picture is worth a thousand words. that may or may not be correct. anyway how do i draw a true trend line on this chart without the data having been amended accordingly and without having to do all the calculations? i am not lazy and believe i should be employed, its just such a monumental task when it aught and can be be so easy. why do it the hard and long way when there is an easier and shorter way? surely that is being efficient is it not?
but then i am a chart guy.
regards
jkd