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

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Sterling Energy Plc ("Sterling" or the "Company") is today issuing its Interim Management Statement for the period beginning 1 July 2011.

HIGHLIGHTS

Production, net to Sterling from the Chinguetti field, averaged 622 bopd for the third quarter 2011 (Q3 2010: 621 bopd).

Adjusted EBITDA in third quarter of $1.7 million (Q3 2010: $2.8 million) (unaudited).

Profit after tax in third quarter of $0.05 million (Q3 2010: profit $3.1 million) (unaudited).

Cash as at 30 September 2011 of $105.6 million (unaudited), including partner funds of $1.6 million.

Farm out of the Ntem deep water block, Cameroon, expected to close by year end.

Dr Philip Frank appointed as Exploration Director on 3 October 2011.

Angus MacAskill, Sterling's Chief Executive, said:

"We are pleased with the progress made towards introducing a partner to the Ntem block in Cameroon and expect to complete the process by the end of 2011.

Following the disappointing results of the Sangaw North-1 well in Kurdistan, we continue to integrate all the information from the well to determine the remaining potential of the block.

The focus for the Sterling organisation is the acquisition of new ventures whilst remaining ready to progress our existing assets once the in-country situations allow."

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"Very disappointing".......more like bloody hopeless or even total cr*p, imo.
I should have sold out when the share consolidation was looming. Quite obvious now what the reason for that was.

You might have to take a bad loss on this like me and may I suggest put the balance into either FPM or PVR....both are looking very, very promising....

I'm gonna just sit on my holding for a while longer, no loss to take really as was only holding profit in shares.

Sterling (AIM:SEY), the independent oil and gas exploration and production company with interests in the Middle East and Africa, is pleased to announce the following update for the Sterling operated Ntem block in Cameroon.

Sterling has completed a farmout agreement with Murphy Cameroon Ntem Oil Co., Ltd "Murphy", a wholly owned subsidiary of Murphy Oil Corporation under which Murphy has been assigned a 50% working interest in, and operatorship of, the Ntem concession contract (the "Contract"). Sterling retains a 50% non-operated working interest in the Contract. As consideration, Murphy has paid to Sterling a contribution towards past costs and is committed to fully fund joint operations in relation to the current phase of exploration under the Contract which includes the drilling of one exploration well.

Ntem is a deep water block with water depths ranging from 400 metres to 2,000 metres across the block. The work programme is currently suspended under the force majeure provisions of the concession due to an overlapping border claim between Cameroon and Equatorial Guinea. The Company believes that both countries are working to resolve this issue.

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any unknown issues about this company?

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Was it this company that did a 1 for 50 share consolidation a couple of years back?
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Thanks mnamreh, I followed these back then although never bought them thankfully, probably because I already had enough dross at the time. Good luck to all holders.
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mnamreh,

What is your views about this now?

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That was a polite way of saying ...... it's a pile of cow poo.,.