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've got it, it's 14% but thanks pondy

Post the placing it is 14%

Originally it was 23%, but the placing diluted their stake.

25 APRIL 2005

STERLING ENERGY PLC

SALE OF PHILIPPINES GAS ASSETS TO JOINT VENTURE

Sterling Energy, the AIM listed (symbol: SEY) independent oil & gas exploration and production company, today announces the sale of its GSEC 101 license to Forum Energy Plc ("Forum Energy"), in return for an equity interest of 23.0% in Forum Energy.

If FEP does turn out to be a monster then that 14% could prove to be very valuable indeed. Nice thought.

Pondy,

It is 14%.

Pondy,

It is 14%.

Pondy all assets are good, but 14% spread across all of the Sterling shares dont add much.

If it did, it would have done so when Sterling had that license.

The assets were known and described as stranded gas.

Did I say here I found an item saying on the 22nd Setember 2006 Stelring had applied for a Serviuce Contract for this license?

Dont understand why, as they are only shareholders, unless they are now buying in.

http://www.manilatimes.net/national/2006/aug/22/yehey/business/20060822bus15.html

Sterling seeks to explore off Palawan


Britain-based Sterling Energy Ltd. is seeking a service contract (SC) from the Department of Energy (DOE) to allow it to conduct further explorations at the Reed Bank area in northwest Palawan.

Energy Undersecretary Guillermo Balce said that the company is asking the DOE to elevate its exploration license from geophysical survey exploration contract (GSEC) 101 obtained in 2002 to an SC.


Andy I will let you paste this on advfn as I am now not bothering with that thread.

It's significant news I feel.

Here is FEP's Broker note from November 2005.

No mention of Sterling.

The gas in place was estimated as I said, and Forum were looking for a farm in partner.

I reckon that's Sterling Energy then!

http://www.forumenergyplc.com/downloads/Forum251105v3.pdf

SWW.

FEP major shareholders.

MAJOR SHAREHOLDERS
Shareholdings in company as at 31st December 2005, where 3% or greater of number of shares issued were held as follows:

FEC Resources, Inc: 36.72%
Sterling Energy Plc: 14.71%
Moore Credit Fund (Master) LP: 5.68%
Mellon Nominees (UK) Limited: 4.39%
The Bank of New York (Nominees) Limited: 4.16%

My broker told me about this in the morning.... it was amazing to see that SEO fell .25p yesterday! good buy for me 15000 at 18.5p

I HAVE A DREAM

I HAVE ADREAM THAT ONE DAY, ALL INVESTORS WHETHER, BLACK OR WHITE WILL COME ASKING FOR A PIECE OF THIS LITTLE FISH. I HAVE A DREAM THAT FISH CAN FLY. LOVELY SEY, EXCELLENT FOR LONGTERM INVESTORS. I WILL NOT SELL EVEN A PIECE OF ONE SHARE. BEST LUCK. DYOR

Tonker - who is you broker because mine nevers says a word except within any trade.

Tonker,

Some nice trades at the close, although the 2 million couild have been a delayed sell, but the price finishing up 1p indicates that at least the 1 million was a buy IMO.

let's hope this momentum carries us back through 20p, I would like to see support above 20p if possible.

seawallwalker, he only gives me a little advice, I was going to buy Forum Energy... he noted that SEY owned 14.5%, and told me they went down yesterday! He also told me that he had bought some earlier..... but I pay a lot in charges.... Walker Crips. I have been buying and selling stocks of him for years now, so we exchange info sometimes.

Thanks Tonker

Plaudits to fido on ADVFN.
========================

By John Bowker

LONDON, Sept 19 (Reuters) - Sterling Energy (SEY.L: Quote, Profile, Research), the British oil and gas explorer, said on Tuesday it aimed to boost its reserves to 25-30 million barrels of oil equivalent (boe) by the end of the year, up from current levels of 16.6 million boe.

The company was drilling four new wells in the United States before the end of 2006, with the first -- onshore Louisiana -- to be completed in the next two to three weeks.

"We are building capacity to double our U.S. reserves," Chief Executive Harry Wilson said in a telephone interview. "If we can, that would take us to 25-30 million boe overall."

Sterling is then planning to drill another four wells in Africa in the first half of next year, a project that Wilson said could add another 16 million boe to the total.

"We are drilling more wells over the next year than at any time since our inception in 2000, Wilson said.

"(The African sites) are all significant impact wells, having the ability to double the 16 million boe reserves we have at the moment," he added. "(But) by nature they are higher risk than the U.S."

Andy
Many thanks. SEY is a quiet builder but excellent builder. Seriously will not stop buying. A very healthy cash builder. The sp did pause but the company never pauses and i like what is happening here. Hardman was a good value with excellent future now the predator came and snatch the bottle out of the mouth of children. I hate that. One question remains is: DID hardman's management works for Tullow to make the company cheap? Sterling energy investors should remain vigilant against those cheap buyers. Too much value here in SEY and i wish SEY the best luck.

georgetrio,

Well we finished the week on a more positive note, (the late drop on friday night may have been traders closing their positions) and at least we are close to the 20p minimum price i would like to see before a base is built.

We have a well drilling, and the result expected in the next two weeks, so we may see price action if the result is good.

From the Bussinessonline!

I particularly liked this comment, but not at this price, and certainly not before March 2007 please!

---------------------

"Of the Aim-listed companies in Africa, Sterling, Equator Petroleum, and Bowleven are targets. Stockbroker Hargreave Hale, which advises a group of Sterlings shareholders, has been touting the company to potential buyers, as has Bowlevens broker Noble. The aggressive US funds which predominate in Equators shareholder base are known to be looking for a quick exit. Roc Oil could also see itself being acquired."

andy
i always suspect that predators will be checking on SEY. first because its future is seriously bright, the business model is healthy without mentioning the excellent management. i am in sey for longterm and it will be sad if it becomes a target so early. a lot is still going on for this company and it can surely do VOG. the fair price for SEY should be 50p considering the future earning power of sey. all will become clear if this is the case. will see. best luck