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

Its raining over here...

Something funny going on ????????
Why up nearly 50% in the last couple of hours ?????

Sorry not SEY it is our old friend AFR

StockMarketWire.com
Sterling Energy has issued its Q3 interim management statement and financial results, the highlights of which are given below:

- Production, net to the Company (including royalty barrels) from the Chinguetti field, averaged 351 barrels of oil per day ('bopd') (Q3 2015: 303 bopd).

- Adjusted Earnings before Interest, Tax, Depreciation and Amortisation and Exploration Expense ('EBITDAX') loss for the Group of $992k (Q3 2015: $2.1 million loss).

- Loss after tax of $420k (Q3 2015: $1.6 million).

- Cash (zero debt) as at 30 September 2016 of $91.0 million.

- Somaliland 2D seismic campaign expected to commence Q2 2017.

- Efforts to recruit Non Executive Directors following resignations on 13 October.

- Continued mandate to execute M&A driven transformational growth (both corporate and at the asset level).

- Ongoing focus on capital discipline, through G&A cost reductions.

StockMarketWire.com
Sterling Energy said third-quarter losses deepened as the Chinguetti oil field in Mauritania neared the end of its life.

A net loss of $4.3m compared to a $420k loss in the 2016 third quarter.

Production from Chinguetti, net to the company, averaged 188 barrels of oil per day, down from 351 bopd on-year, ahead of the planned cessation of production on December 30.

At September 20, the company held net cash of $83.1m.

"The primary focus of the company over the last 18 months has been to continue to originate, conduct full due diligence and ultimately execute transformative growth driven M&A projects in North Africa and the Middle East," Sterling said.

"The company remains confident that it can identify and source the right asset led or corporate solution to drive growth and shareholder value in the near term."

" corporate solution to drive growth and shareholder value in the near term."

...they can make their mouths say anything!