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, maybe just scratching it!

Plenty of volume today 25.7M and some large trades, maybe the overhang is clearing
and the shares are ready for a proper bounce and stay there

Further to my previous post....yes all USA assets will be sold and they still have Mauritania....could be interesting later !

Yes could be............. thanks stockie.

Master, I am afraid you can post all the charts you want to, they may or may not say what you think they do.

Far better to wait for a result and then post one, more likely to get it right imo.

I think this will hover around here till something happens then it will move up or down according to the news, basic for a news driven stock.

If I were to bet I would say up is next, with a successful appraisal well at Banda which is a know quantity.

If Chinguetti succeeds then it will fly, if they sell USA will fly, if they fail at any of these, dont be a widow or orphan dependant in them.

Thats all!

poo bear

I spoted this morning a posible change of direction saying "KEEP AN EYE" on another thread.......

11 Apr'08 - 09:53 - 171 of 198
Keep an Eye (Added by Master RSI on Fri 11 Apr 09:52 am)

SEY - Mid 8.05p
Reason - On the bounce after a couple days of dropping on Two very good news recently

As I know you like charts, hope you know how to read them ( I doubt ) the other one was to see the volume, here is another one to see how low is the Slow Stochastic

This joint venture with Gulf Coast Western was scheduled to start 11th Apr.
It appears that the sidetrack will commence from about 7000' leaving about 5500' to be drilled so news on this well could be hoped for within days (barring problems) 39.2 BCF target reserves.
Success here would give us a welcome boost.


Mustang Island
Offshore Sidetrack
EXECUTIVE SUMMARY
LOCATION: 10 miles east of Corpus Christi, TX off of Mustang Island,
Block 748-L (Texas State waters)
Water depth: 41 feet
OPPORTUNITY: A re-drill/sidetrack of Sterling Energys MU 748-L #1 to
capture under exploited reserves estimated to be as much as
39.2 BCF gas recoverable from the Marg tex 1 Sand.
Cumulative production from this sand from the MU 748-L #1
was 5.5 BCF gas. It had an initial flow rate of 12,161
MCFGPD on a 17/64 choke with FTP of 6524# from
perforations of 12,320-12,466 with additional perforations of
12,199-12,288 subsequently added. Similar flow rates are
anticipated from this sidetrack. Production facilities are present
and the well can be placed into production immediately upon
completion.
RESERVE POTENTIAL: 39.2 BCF
OBJECTIVES: Primary Objectives: Marg. Tex 1 Sand
PROPOSED TD: 12,385 TVD/12,500 MD
SEISMIC DATA: Mustang Island, phase 6, SEI Pre-Stack Time 3-D (reprocessed
2004)
RISK: Very low

Note the paragraph:
Production facilities are present
and the well can be placed into production immediately upon
completion.

master I am sorry, I see what and why now.

Please accept an apology from me.

At first glance the results look good and show huge potential for SEY. I particularly like :-

"Recognising that market conditions are changing very fast, we have recently
reviewed the Group's prospects and opportunities. We have decided to put the
USA assets up for sale to enable us to focus our resources on high reward
ventures. After a sale, we expect to have no debt, significant cash and
production income from Mauritania. It will be an enviable position from which to
build. We have very recently added the high potential interest in Kurdistan and
there are moves to fast track drilling in Madagascar."

Will the market like it though?

30p in a year imo
It should start to move tomorrow

The highest single trade volumes reported at 10:09 and 10:10 yesterday:
25000000 @ 9.5
23777000 @0.5
when the price was 9.3buy and 9.4 sell.

stock is up by 30% plus in last 3 weeks,so starting to look good.

SEY is begining to fly 11.2p at present, apart from its undoubted asset portfolio
which in turn has persauded none other than the Naked Trader to invest.
Now i only know of the NT by reading around, but it seems he is the most respected investor on these boards and just the news of him buying into a
stock tends to send the SP into orbit.
For me SEY potential is the reson but i feel a whole lot happier knowing that
NT thinks enough to invest?
aimho
cyril

noc, remember he is Naked Trader, not Naked Investor - quick 40% profit and out, sometimes runs his holdings a little longer, so also watch for his exit if only to explain a minor hiccough in the upward trajectory

S/dog thanks i'll keep that in mind, although i have held these for as long as i care to remember.
cyril

longer than I care to for sure!

Just think of it as lost dosh returning home,or something that you found stuffed in an old pillow!

another good news for sey reg-roc. looks like good luck is back.
just few more discoveries in kurd and happy days for all

Had a good day.

Any reasons for the fall in the sp today?