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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

ahoj - 20 Apr 2006 10:12 - 5721 of 7811

72?

Andy - 20 Apr 2006 13:16 - 5722 of 7811

deadfred,

At this rate I will need to sell my SEY to fill up my tank with diesel!

Seriously, this is very positive for SEY, and although i have reservations over whether the world economy can withstand high oil proces for a sustained period of time, demand is greater than supply, so the laws of economics go to work.

Add in uncertainty over Iran, and holders of oil and gas producers are looking at a positive few months at least IMO.

Andy - 20 Apr 2006 13:20 - 5723 of 7811

Ray A,

I put some of my FDI money here too!

looking forward to the results next week, let's hope they are as positive as we expect.

I am awaiting the forward looking statetments that accompany the resuilts with great interest, as we should be able to glean details of the deal with the Mauritanian government from them.

I hope they are delaying publication as long as possible to ensure the most recent oil price is used!

Dr Square - 20 Apr 2006 14:30 - 5724 of 7811

A small question

Any reason why EVO have not produced a note on SEY since December its not as if nothing has happened?

The below is worth haveing a quick look at

P Griggs 2006

Regards

deadfred - 20 Apr 2006 15:28 - 5725 of 7811

doc if you new something for a cert would you want to tell everyone it is a cert

imho of course

Dr Square - 20 Apr 2006 15:35 - 5726 of 7811

Thanks deadfred


Regards

Andy - 20 Apr 2006 16:17 - 5727 of 7811

Dr Square,

Excellent link, thanks.

barrenwuffet - 20 Apr 2006 16:48 - 5728 of 7811

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

seawallwalker - 23 Apr 2006 16:44 - 5729 of 7811

Thought I would bring this to the top in anticpation of some posts here tomorrow maybe?

Andy - 23 Apr 2006 17:16 - 5730 of 7811

SWW,

I have a feeling there may be a few!

seawallwalker - 23 Apr 2006 20:36 - 5731 of 7811

'Ope so Andy, yes I do.................

seawallwalker - 24 Apr 2006 07:13 - 5732 of 7811

2005 HIGHLIGHTS

Financial


Turnover increased by 19% to 13.6 million (2004: 11.5 million)

Pre-tax profit up 47% to a record 6.1 million (2004: 4.2 million)
before one-off Perth office closure cost of 1.2 million

Cash inflow from operations, before the one-off closure cost and
working capital movements, increased by 13% to 8.8 million (2004: 7.8
million),


Production and reserves


Average attributable production increased 4% to 9.7 mmcfged
(2004: 9.3 mmcfged) despite the impact of several highly destructive
hurricanes in the Gulf of Mexico

Realised prices up 12% at $6.37/mcfge (2004: $5.68/mcfge)

Net year-end proven & probable reserves over 21 million boe, of
which 65% are in the proven category


Operational


Major investment in the offshore Mauritania Chinguetti field
development continued with a further $65 million of cash invested by
Sterling in the year and a further investment of $50 million projected
in 2006. Local office opened

Three drilling successes offshore Mauritania with a 6th appraisal well
on the 300+ million bbl Tiof (Oualata) field, an appraisal well
on the 50 million bbl gross Tevet discovery and a new 30 million bbl
gross discovery, Labeidna. All wells were drilled at no cost to Sterling

Key farmout to Exxon-Mobil on Madagascar acreage with Sterling
remaining as operator: carried 30% interest through seismic and up to
four well drilling programme

New interest offshore Gabon adjacent to existing licences

Extreme weather conditions offshore USA curtailed work programme

Farmout of heavy oil discoveries in AGC

2005 Preliminary Results

Pond Life - 24 Apr 2006 08:57 - 5733 of 7811

All good stuff, but I can't find anything new to set the pulse racing. I am somewhat surprised to see the shares trading so strongly, having been as high as 29p. Someone must be soaking up all the sells.

ahoj - 24 Apr 2006 09:43 - 5734 of 7811

Interesting practice! Share price should move inline with oil price 75 IMO

Pond Life - 24 Apr 2006 10:48 - 5735 of 7811

Now trading well down on the day. Not really that surprised. Good trading opportunity for those that were savvy enough to sell out at around 28p. Ho humm.... they will look cheap in 6 months time.

cellby - 24 Apr 2006 11:00 - 5736 of 7811

i sold today see if can get back at 24.5,thought we would haVe more wow to result.

seawallwalker - 24 Apr 2006 11:21 - 5737 of 7811

I have dropped the ball today too.

I always said I would give it till these results so now is the time.

I will now wait for the first cheque to be paid to Sterling by the Mauritanian Governemnt, and then I may consider buying again.

proptrade - 24 Apr 2006 11:57 - 5738 of 7811

guys...i ducked out of 3/4 of my holding...into PANR. Managed to get a decent whack at the allocation at 100p. This stock had LEGS and is a little more interesting that SEY right now!

PANR...check it out!

rgds
PT

seawallwalker - 24 Apr 2006 13:47 - 5739 of 7811

Ramper.........

seawallwalker - 24 Apr 2006 13:49 - 5740 of 7811

lol
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