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 it can grow,for that theres no doubt,but its a tiddler all the same,what price are you in at prop.

Got this from the other place. It's worth noting that SEY are not just about Mauritania, but have potential else where. Does anybody know when their results are due?

one of the announcements made last january when SEY acquired Osprey was that the purchase included a gas gathering system with on shore facilities that would produce $1 mill revenue a month.
this and the doubling of reserves made the Osprey buy very significant but tended to be over shadowed by the acquisition of Fusion Gas and Oil which came with all the hype concerning free runs on 20 drilling projects,Mauritania etc.etc.
people tend to forget SEY's ability to generate significant cash flows and profits from what are now considerable gas production facilities in the Gulf and with very small overheads i expect the full years results to be excellent.
the current share price has been totally influenced by the recent deal with the Mauritanian government (which i personally think was a coup).
now that is 'done and dusted' and people focus back on the co. as a whole,i believe the share price will now resumes its upward trend that begun 20 months ago.

MS

Anyone have any thoughts on SBE , back from suspension tomorrow?

not to go on a bit but ESY! apologies for digressing but SEY is just a bit stagnant right now.

No worries here................

ESY and PET but not all long.

Hey!

Rememeber???

Sterling Energy PLC
21 December 2004


Sterling Energy plc advises that the following announcement was made earlier
today by Woodside Petroleum Limited:



'Woodside Mauritania Pty Ltd, a wholly-owned subsidiary of Woodside Petroleum
Ltd., reports the following activity offshore Mauritania since the last report
issued on 14 December 2004.

PSC-B, Block 4
Tiof-5 and Chinguetti Development wells

Tiof-5 Appraisal well

Following the completion of wireline logging operations, the Tiof-5 appraisal
well was plugged and abandoned as planned. On 17 December 2004, the 'Stena Tay'
drill rig moved to the Chinguetti Field to join the 'West Navigator' on the
development drilling program.

Chinguetti Development wells The 'West Navigator' and the 'Stena Tay' are
currently conducting operations on Chinguetti Development wells. Woodside does
not plan to issue announcements regarding operations on Chinguetti Development
wells, but will do so if necessary in order to comply with its continuous
disclosure obligations under the ASX Listing Rules.

All reported drilling depths are referenced to the rig rotary table and all
times are Universal Time (UTC) (Mauritanian time).

The locations of the Chinguetti Oil Field, the Tiof and Banda discoveries and
exploration wells are shown on the attached map.*

Wells are expected to be drilled in two production sharing contract areas during
the remainder of the 2004/5 campaign.'

Participating Interests in the areas are:

+-----------------------------------+-----------+----------+
| Company | PSC-A | PSC-B |
+-----------------------------------+-----------+----------+
|Woodside group companies (Operator)| 53.846% | 53.846% |
+-----------------------------------+-----------+----------+
|Hardman group companies | 24.3% | 21.6% |
+-----------------------------------+-----------+----------+
|BG group companies | 13.084% | 11.63% |
+-----------------------------------+-----------+----------+
|Premier group companies | -- | 9.231% |
+-----------------------------------+-----------+----------+
|Fusion group companies | 4. 615% | -- |
+-----------------------------------+-----------+----------+
|Roc Oil group companies | 4.155% | 3.693% |
+-----------------------------------+-----------+----------

Sterling owns a royalty right over a 6% interest in PSC B, save for Chinguetti,
where the royalty right is 5.28%. It will hold a royalty right over a 3%
interest in PSC A following a Declaration of Commerciality in PSC A. This is as
a result of the transaction between Fusion Oil & Gas and Premier Oil, announced
on 28 May 2003, and Sterling's subsequent takeover of Fusion.

Through a funding agreement with the Mauritanian government, announced last
month, Sterling also has a further interest in the Chinguetti development.

1 by crimbo!

MS

LOL

4 by er.................

by ummm.....................

Mmmmmmmmm...................

?

I think this RNS was needed and put out probably at the right time when the share is stable for a while.

It is designed to reassure and remind everyone of Sterlings interests.

Well done Harry and the boys and girls, I was going to write and ask for just such a little piece but you saved me the bother.

;-))

Right now lets get back to cranking this one up to unreal proportions!!!!!!!

lol

50p by Christmas

1 by April!

Edited by me.

and the thread wakes up again!

Well why not?

Looks like ESY has hit a consolidation patch and theres not much else happening except on the PET rumour boards.

They are getting dafter by the day.

Funny though, seems there still may be a chance there but I won't have any thanks!

i agree, PET is for the very very brave right now.

i would be delighted to see ESY consolidate here for a while. the jan update could see it then have a platform to move into the 120-150 range. this could be one of the stocks of 2005 if it snags some major contract wins from BT. if it wasn't a serious aquisition target before it most certainly is now.

SEY - still love this one as well.

Well, I am all over the place just now having had a quiet time with SEY.

WLW has a broker downgrade so don't buy yet!

Afternoon all,hows tricks.

wlw stuck around 40p for a longtime- better options elsewhere?.

Shorts on pet,if you can hang around screen watching.

lizard yes there probably are, but I have made 3 sucessful raids over the last 2 years, and it does depend on what I feel this time.

I must admit I am a bit suspicious this time,but thats for the WLW thread.

Thank you for the observation.