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

Well,...we shall see....not bothered at all.....if it does not come right...will leave on the back burner until the indian ocean drilling....there were oil seeps on the surface,...with pictures on their web site......could have been triggered by earthquakes or such....plus they have a multitude of gas shows so far....

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Careful this one could fall to20p.

It's risky....but the upside couls be massive......we were saying things like this with GKP when it was around 11p....read through the information put out and there is a very strong possibility of gas condensate being down there.....I doubt if it's water....I would not load up on this but a punt is a punt....I'm prepared to take a knock and have to sit tight for a year or so....

I would get in when it falls to 20-30p

so why don't you short it?

Because SEY may not get to 30p... If it get there, there is a higher chance it will rise from there.

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i am no expert, but common sense tells me that if H2S is present in the gas, it must be a regular occurrence and is certainly a common byproduct in oil refining ...... many of the modern steel compounds have good acid resistance, and in case, if re-tooling is necessary, it will already have been budgetted for, as will the timing of same .... but the company is still rubbish!

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in that case, it just highlights what an unprofessional company SEY are, for it should have been tested and catered for

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bullshit! ..... i accept they may not have known the concentration when drilling started, but sure as hell it should have been blatantly apparent with the first sample encountered

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mnamreh - You have just disclosed your age! TTFN, indeed!

Sp holding up well...so far....

so it damn well should with rest of market in recovery mode

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It's a big gamble this....don't put too much on but 2 ways of playing this ....a recovery for the sp on expectations and punters like myself, and the sp climbing back up to perhaps 80 or 90p before results or stay in long term and hope for a nice surprise discovery....