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

That's the spirit, go SEY!! Looking at the chart, it's easy to see what happens after a period of consolidation. A couple of double bottoms then up we go, such a cracking chart.

Drilling update tomorrow and hopefully news out this week re the West African investment. Also, remember what happened when an unexpected drilling RNS came out a few weeks ago. Plenty of newsflow to come here for us.

Thanks to PTH for posting the chart, always good to look at it!

This out this evening from UK-Analyst.com's Stcokmarket Reporter:

"Shares in Sterling Energy jumped after it confirmed that it was in advanced discussions concerning an investment in West Africa. The company said this followed weekend speculation of a large deal and today's jump in its share price. The stock finished the session up 1.5p to 20p."

Bring on tomorrow! Early start!

More uptrend please...

"Can't get a quote for ROC, broker won't accept it?" from seawallwalker.

Only 1605 shares in ROC sold today, the Co. has a market cap. of 135m! Are they suspended?

Sorry, went off at half cock, never looked at them before. The market cap. presumably refers to the the Australian exchange, they could be miniscule here, and it all could be innocent.

They are a bit wobbly at the moment though!

Yes they are.

The silence encountered from last weeks non appearance of a trading statement, rings bells with me.

Time will tell though.

Morning team.

Drilling report out:

Hardman Resources Limited
26 October 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 26 October 2004

CONTACT: Ted Ellyard (08 9261 7600)

RE: MAURITANIA DRILLING PROGRAMME
WEEKLY PROGRESS REPORT


Hardman Resources Ltd ('Hardman') provides the following weekly progress report
on the Mauritania offshore drilling programme:

Tiof-3 Appraisal Well - PSC B

Progress and Current Status:
Since the last report (18 October 2004) the 'West Navigator' cut two cores in
the Tiof-3 ST2 sidetrack well following which the well was drilled to a total
depth of 2,980 metres, where wireIine logs were run. The current operation at
midnight GMT on 25 October was making preparations to flow test the well.

Well Location:
The Tiof discovery is located approximately 90 kilometres west of Nouakchott,
the Mauritanian capital, and 25 kilometres north of the Chinguetti Field. The
Tiof-3 well is located approximately 4 kilometres west of the Tiof-1 discovery
well. Water depth is 1,198 metres.

Well Details:
The Tiof-3 well is intended to appraise the Tiof oil discovery. The well will
further evaluate the Miocene channel sand system within the Tiof Field area as
interpreted with 3D seismic.


Dorade-1 Exploration Well - PSC 2

The 'Stena Tay' rig completed plugging and abandonment operations at Dorade-1 on
20 October 2004. The rig then moved to the Capitaine-1A location.

Capitaine-1A Exploration Well - PSC B

Progress and Current Status:
Since the last report (18 October 2004) the Capitaine-1A exploration well was
spudded with the 'Stena Tay' rig on 22 October 2004 in 1,686 metres of water and
drilled the tophole section before setting 13 3/8 inch casing at 2,407 metres.
The current operation at midnight GMT on 25 October was preparing to run blow
out preventers prior to drilling the bottomhole section through the target.

Well Location:
The Capitaine Prospect is located approximately 125 kilometres southwest of
Nouakchott, the Mauritanian capital, and 30 kilometres southwest of the
Chinguetti Field. Water depth is approximately 1,680 metres and the planned
total depth of the well is approximately 3,140 meters.

Prospect Details:
The Capitaine-1 exploration well is testing a structural trap within the
Chinguetti channel sand system where an anticlinal structure is formed by an
underlying salt dome.

Other information:

All reported depths are referenced to the rig rotary table (except water depth).

Hydrocarbon shows will only be reported after all required logs have been run
and evaluated for each well.

Times and dates refer to Mauritania time (GMT), 8 hours behind Western Standard
Time, Perth.

A map showing the location of the wells will be available on the Hardman website
(
www.hdr.com.au
) and will be updated during the course of the 2004/2005 drilling
programme.

The 2004/05 drilling programme will include wells in three production sharing
contract areas (PSC's). Joint venture interests in those areas are:

Company PSC A PSC B PSC 2
Woodside group companies (operator) 53.846% 53.846% 48%
Hardman group companies 24.3% 21.6% 28.8%
BG group companies 13.084% 11.63% -
Premier group companies - 9.231% -
Fusion Mauritania A Ltd 4.615% - -
ROC Oil group companies 4.155% 3.693% 3.2%
Energy Africa - - 20%


TED ELLYARD
MANAGING DIRECTOR

Note: In accordance with Australian Stock Exchange Limited listing requirements,
the geological information supplied in this report has been based on information
provided by geologists who have had in excess of five years experience in their
field of activity.



This information is provided by RNS
The company news service from the London Stock Exchange

From the Independent.co.uk:

"Sterling Energy 20p (up 1.5p, 8.1 per cent). Confirms that it is in talks aimed at a major investment by the company in West Africa."

ROC Oil has been slippped in the calander today for a trading statement as a matter of interest.

Would that be an actual trading statement or just a drilling update which Roc released earlier? I notice from the calender that HRN shows a trading statement due today, but they released the drilling update.

These items should be different.

The forward diary has not so far recorded drilling updates.

Eggs on toast with HP (brarn) sauce.

Yummy!

Guys,

We do at the moment have to classify drilling updates as trading statements - I will look to see if we can add a new category to cover drilling updates for you.

Ian

That explains all!

Thanks for that Ian.

Very astute observation gavdfc

Thats what i thought SWW, Maybe both will release a trading update later today. As for ROC, that was just me think out aloud. They do have quite a bit of West Afrcian exposure so I just put 2 and 2 together and came out with 5!

What did you make of the drilling update? All seems to me to be ticking along nicely amd we should get some results soon.

Eggs on toast beats my cereal!

Well, it's more of the same.

I know a little about geology, enough to follow but they never quite release enough. In my view properly cautious.

Nice to see the Moneyam Team taking an interest in our bb.

Probably heard they can pick up a few cooking tips and dinner party ideas here!!

Price dropping off today already.

May be a buying opportunity coming, maybe not.

Right, off to the sea wall.

Back in 2 hours or so.

Ian, many thanks for that. Seems that team SEY and it's thread is spreading, a cracking share complete with the added bonus of cooking tips!

From the drilling updates we have had, it seems to me that all concerned are working fast and very efficiently. Where else would we find a company with such an extensive drilling program with the weekly drilling updates that we get here. From the shareholders point of view, it's good to be regularly updated on the progress.

Price fell back a touch but now just ticked up again. No worries here.

Enjoy your walk SWW.

Are you and Doris long of these then Ian?

:o)

Just having a cup of tea and a yum yum after topping up with a few more SEY shares!

A yum yum!! Not heard of these in years! Is that a long softish pastry type cake with icing sugar on it? Just away to make a cuppa, but no yum yum!

morning all, sorry i am late...setting up a new trading desk. always fun, needed to install java just to get back on this site.

we love a bit of consolidation. as usual with these weekly updates about one in four says anything of consequence so this slight slip is good for those looking to add.

great chart earlier, when u are so close to the action (tick by tick) you sometimes miss just what a meteoric rise we have witnessed over the last few months. goes to show that the buy and hold strategy is alive and kicking...trade out at your peril!

Ian, thx for joing this little team and any contribution in a trading, admin or gastronomic capacity is always welcome.

rgds
proptrade