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

No joy today ,, my be next week,,which way price wise next week.

Have a good weekend chaps. See SEY bounced near end of session. Did any smart money get in ahead of same? Good hunting.

Take care it's bonfire night. Look after the kids. We'll all be millionairs next week.
Be safe.

MS

Part of an article in today's Sunday Telegraph by Edmond Jackson:

THE current best example of acquisitive development has to be Aim-listed Sterling Energy. Although I am perturbed about shareholders' loss of pre-emption rights in a current 97m fund raising, the board's track record to date is a fascinating case study.

I acknowledge that it is relatively easy to grow from a small base, that the oil price has soared and that smaller explorers have become the rage, so over the past two years Sterling shares have rallied from about 3p to test 20p. But the board's reputation was a key factor in securing City support for last December's acquisition of Fusion Oil & Gas, and doubtless that is why fund managers are backing Sterling again as it continues to acquire and develop Mauritanian interests.

This followed deals in late 2002 and spring 2003 to develop gas production in the Gulf of Mexico. One should take care with small companies rapidly taking on the world, but the chief executive's claim of "adding significant value at low cost and relatively low risk" has been borne out so far.

With the shares at 17.75p capitalising this group at 142m, I prefer to see published financial information relating to the latest deal. Yet Sterling shows how an acquisition-led strategy can indeed deliver value - especially when the market believes there is a good balance of risk management with upside potential. Long live the smart dealmakers!

Hope everyone's having a good weekend.

Afternoon gav,,where do you see this going this week , pricewise.

Nice piece gav. EJ has tried to make amends for the bad editing last week.

Good for him.

Up of course dave!

Now here is a thought. We have ben a bit myopic about this so far but with there being finds at Pelican,Tiof.Tevet,Banda, I wonder if Sterling Energy can take 12% of those as well as that obtained via the Mauritannian Government so far?

Morning all,and here we are another week .

Morning all,

Looking forward to another week as always! As to the price this week, up would be nice but who knows in the coming weeks. May be a week or two until we see some movement once the new shares are placed.

morning all....nowt so far but i have a good feeling about this week.

Hope so, lots of potential here, just sitting waiting for some good news...

Having some nice crusty just baked french bread rolls for brunch.

Yummy!

Do you bake your own from scratch or do you use a bread-making machine?

I buy these from the bakers.

Can't talk, mmmph..........mmmph...........eating.........

Now for a nice cup,of tea.

white no sugar plse

My guess is they will drift to the offer price for the X million they are raising. Which I am guessing will be 17p. Shares that I have been involved in where they have raised cash through increasing the number of shares have had a nasty habit of weakening the share price for some time.I still would not be surprised to see this drift lower than 17p before heading north.

Afternoon nice bit of 17 on the cards here,,looks like 15 is know where to be seen.

Rumour on other BB is that one broker has stated that the offer price is 17p and that they got 53% of the shares they wanted - hence oversubscribed by 2:1

DYOR etc etc

Cheer`s steve,just a case of watch/wait.

DD

Id rather be in the day before the placing than the day after but that is just my view. If it is oversubscribed you may see a very quick mark up back above 20p