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

In this instance, there is nothing to keep the 'LSE on their toes'. WHy wouldn't the Artemis transaction affect the SP now, it's only just been declared??

The transaction was dealt with several days ago, which although reported today, would have effected the SEY price several days ago. There must have been another transaction today - which may even be reported later today.
That is my thinking ?

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I'm not quite following this, Artemis have increased their holding by approx 220,000 shares and you exepct an announcement that the same amount have shares have been disposed of eleswhere? Why?

re above threads ...e-mail received from LSE
Dear Mr Kirkham

Thank you for your email

The price movement in SEY today has already been looked into by the appropriate team here at the Exchange. Although I am not able to share with you the outcome of that investigation, please be assured that the Exchange does look into all unusual price movements as part of our work of ensuring that AIM issuers keep the market fully apprised of any material developments

Thank you again for bringing this to our attention

Kind regards

At least you got an answer..

Lets hope for support on the DMA. As usual, consolidation been detrimental to sp.

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i can only see the price going down too 1.10 by the end of may before the drilling is complete

it seems the game is changing in Kurdistan after GKP's RNS today, could it be something to do with the Iraqi elections?

Aren't we due for an update here ?...

prrr...prrr..pprrr....sound the alarms.....something's happppennning...

I bet that next week : we have results from the Sterling drilling, Aminex and the Falklands, all in the same week and possibly Heritage and Gulf Keystone...all in one week...crikey !....

SEY has risen about 17% so far over 7 days -
It seems that somebody may know something that we do not -
Is this called insider trading one wonders ?
Perhaps we shall know next week !

Business Financial Newswire
"Oil and gas company Sterling Energy made a net loss of $202.5m in 2009, reflecting impairment charges of $94.1m offset by a deferred tax credit of $24.0m and a loss on disposal of the group's US business of $118.8m.

Previous loss after tax was $156.8m.

EBITDA fell to $10.0m from $21.4m.

The group repaid $122.9m of outstanding debt during the year and was debt free at the December 31 year-end.

Equity placings in September and December raised a total of 81.3m. Cash balances at year-end were $113.9m.

Group turnover from continuing operations was $22.7m, up from $20.4m, primarily as a result of an increased average realised oil price from Chinguetti.

Production was down 7% at 4,493 bopd from 4,809 bopd.

Chairman Alastair Beardsall said the Sangaw North exploration well, Sterling's most significant project, was expected to take 180 days to drill. A commercial discovery would have the potential to transform the company.

Exploration projects in Cameroon and Madagascar were expected to advance after their respective political situations were resolved.

Sterling had sufficient cash resources to more than cover its anticipated work program for 2010 as well as identify new ventures to create a more diverse exploration portfolio. "

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Way behind with the drilling....but could be another GKP....long wait till end of summer....

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EK is now out of DES and into this one....

Don't reckon he knows what he's doing.

Just another mug punter that plays big stakes.