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

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.,.

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Can't tap shareholders for money

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