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

Quiet, ain't it?

one of those days....mkts a bit unsure after the rate hike and i think a catalyst is needed next week.

Rubbish.

I think they are all in the Pub for Lunch!

Just borrowed this fromthe Pan Andrean Thread.

They go up on the same news, Sterling down.

50/50 venture so why have the MM done this?

Still twice the trades are buys.

How strange!!!


Price Information
Select from list...Share TradesCompany Map
Friday 02/07/04
Real time 1:11 PM Trade time 12:56 PM
Market Symbol PRE Exchange London Stock Exchange
Currency GBX Shares in Issue 119.168M


markets data
Current (p) 18.00 Best Bid (p) 17.50 P/E Ratio (x) 67.202
Change (p) 1.00 Best offer (p) 18.50 Div Yield (%) 0
Change (%) 5.88 Day high (p) 18.25 Market Cap () 21.45M
Last sale (p) 18.38 Day low (p) 17.00 52 week high (p) 23.35
Last close (p) 17.00 Day Volume 1,105,611 52 week low (p) 7.30


time mid price ( p ) day change ( p ) day change (%) share volume
08:00 17.00 0.00 0.00
08:30 17.25 0.25 1.47 145,845
09:00 17.25 0.25 1.47 15,000
09:30 17.25 0.25 1.47 123,590
10:00 17.75 0.75 4.41 65,000
10:30 18.00 1.00 5.88 115,789
11:00 18.00 1.00 5.88 12,887
11:30 18.00 1.00 5.88 5,000
12:00 18.00 1.00 5.88 410,000
12:30 18.00 1.00 5.88 167,500

ok ok, fair point. i think i might be a bit too serious at the moment!

Oil falls from a two-week high
AFX


SAN FRANCISCO (AFX) -- After climbing more than $3 per barrel in the past two sessions, crude-oil futures eased back but held their ground above $38. Prices touched a two-week high above $39 Thursday amid concerns over terrorist attacks on the oil industry. Now a new threat to global production looms -- the potential for a fall in Russian production after Russia's government ordered Yukos to pay $3.4 billion in back taxes in the next few days, which could force the company to shut down some output. But with energy trading on New York Mercantile Exchange set to close at 1 p.m. Eastern for the Independence Day holiday in the U.S., August crude is down 22 cents at $38.52 a barrel.

This story was supplied by CBSMarketWatch. For further information see www.cbsmarketwatch.com.

While I rememeber.

When Fusion OIl & Gas were being stalked by Sterling, there was a rumour that a Mexican Oil Company was llooking at the books with a view to making a counter offer.

Would it not be funny if it was Pan Andrean.

Coincidence if they make a play for Sterling later on.

Just a thought!

i think they are far too small and if memory serves me correctgly, managemnt of PRE has less credibility than SEY

seawallwalker / proptrade,

I would have though it would have been the other way round, ie SEY looking at PRE?

Food for thought!

Have a good weekend everyone.

Can only help Our Company.

OPEC may delay production increase - Iran oil minister
AFX


TEHRAN (AFX-ASIA) - Iranian Oil Minister Bijan Namdar Zanganeh said

Saturday that current oil prices were 'good' and that OPEC could consider

delaying a scheduled production increase when it meets later this month.

'I think that at the moment the prices are good. Many people are happy

about the current prices,' Zanganeh told reporters.

'If at the end of this month we feel there is no need for extra oil, we can

postpone the decision on the extra 500,000 barrels per day. It depends on the

market situation and the prices,' he said.

'We can make a new decision about if we want to suspend the August

increase, otherwise the 500,000 bpd increase does not need to be approved

again,' he added.

'We have already said we want to have a balanced market situation.'

Faced with record highs on world markets, OPEC had announced June 3 it

would raise production quotas by 2 mln bpd on July 1, and by another

500,000 bpd on August 1.

But signs of wavering on the promise from key cartel producers, including

Saudi Arabia, have kept prices buoyant.

Zanganeh's remarks followed similar comments on Wednesday from Saudi Oil

Minister Ali al-Nuaimi, who said current prices were 'fair' and that there was

'no reason to take a measure to reduce or increase production' when OPEC meets

on July 21.

Iran is the Organisation of Petroleum Exporting Countries' number two

exporter after Saudi Arabia.

The minister was also asked if Iran would be asking OPEC for an increase in

its daily production quota.

'No, we have not made such a request,' he said. 'But there is general

discussion going on in OPEC to work out a new quota system. These discussions

will take a long time. It needs a consensus among all members.'

He also predicted that by the end of the current Iranian year in March

2005, Iranian production capacity would reach 4.3 mln bpd.

Iran's current quota is 3.744 mln bpd, and its production and capacity

are around 3.9 mln bpd.

Sterling own 100% of Fusion Mauritania A* so this is the connection we have been looking for.




Premier Oil PLC
05 July 2004



PREMIER OIL PLC
('Premier')


Premier Announces Major Drilling Campaign in Mauritania


Premier is pleased to announce that the Mauritania joint venture partners have
now agreed the details of the 2004 exploration and appraisal drilling campaign.


Exploration and appraisal drilling will commence in August 2004 and continue
until the commencement of Chinguetti development drilling in the fourth quarter
of 2004. Five exploration wells are planned in PSC Areas A and B, with up to
four appraisal wells on the Tiof discovery (PSC B).


The exploration programme embraces a wide range of prospects in respect of size
and risk. Three prospects are located in PSC B, namely Tevet, Capitaine and
Merou. Tevet is a lower risk prospect with potential to be the first satellite
tie-back to the Chinguetti 'hub'. Capitaine and Merou both have the potential to
be similar in size to Tiof, as does Sotto, which lies in PSC Area A. The Bogue
prospect lies primarily in PSC A and extends into PSC B. This prospect is higher
risk and is targetting significantly larger reserves. All five prospects have
reservoir targets of Miocene age, similar to those that have been successful in
Chinguetti, Tiof, and Banda. Other prospects in the PSCs have been identified
and may be drilled in place of the above prospects subject to drilling results
or ongoing geological studies.


The drilling programme on Chinguetti field will follow on in the fourth quarter
of 2004 and will comprise up to six oil production wells, four water injection
wells and one gas injection well as part of the phase 1 development (PSC B).


The twenty-well exploration, appraisal, and development drilling campaign will
utilise two deep-water drilling rigs, the Stena Tay and West Navigator, which
will work in tandem and operate in water depths ranging from 300m to 1700m.




Charles Jamieson, Chief Executive of Premier, said:


'In conjunction with wells also drilling in Gabon, Pakistan, Egypt and
Indonesia, we are about to enter the busiest period of drilling activity in
Premier's history.'




5 July 2004




ENQUIRIES:

Premier Oil plc Tel: 020 7730 1111
Charles Jamieson
Robin Allan


College Hill Tel: 020 7457 2020
James Henderson
Nick Elwes


Background For Editors:


Premier Oil plc is a leading independent oil and gas company with producing
interests in the UK, Indonesia and Pakistan. Exploration and appraisal is
ongoing in the UK, South and South East Asia (Indonesia, Philippines, Vietnam,
Pakistan and India) and Africa (Mauritania, Guinea Bissau, Gabon and Egypt).



The current partners and interests in PSC A and PSC B in Mauritania are:


Company PSC A PSC B

% %
Woodside 53.846 53.846
BG Group 13.084 11.630
Hardman Resources 24.300 21.600
Fusion Mauritania A* 4.615 -
Premier - 9.231
ROC Oil 4.155 3.693






The Government of Mauritania has the right to back in to 12% equity in
developments producing less than 75,000 barrels of oil per day.


*Premier will take up 100% ownership of Fusion Mauritania A (currently owned by
Sterling Energy and Premier) on completion of the transaction announced on 28
May 2003.


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

Sold my Hardman Stock this morning on the high. This is my play money so I will buy in and sell quite often on this stock while it is worth it.

Still hold Sterling.

all good news...

stock continues to climb, up 3/8ths....

Sterling Energy (LSE: SEY.L - news) 15-1/4 up 1/2
Evolution 'buy' with 20 pence target


http://uk.biz.yahoo.com/040705/323/exc4k.html

I do believe they are reading our bb to get that target!!

lol

Can't believe people selling these at the moment for less than 15p!

Way of the world I suppose.

Ooops

Lots of healthy trades today, i.6m bought so far.

Price as always remains the same(???)

Sterling Energy PLC
05 July 2004


Sterling Energy plc ('Sterling') is pleased to announce that Woodside Energy Ltd
('Woodside') has today announced the start of its 2004 offshore Mauritania
drilling campaign in West Africa.

Sterling owns a royalty interest over a 6% interest in PSC B and will hold a
royalty interest over a 3% interest in PSC A following a Declaration of
Commerciality in PSC A. This is as a result of the transaction between Fusion
Oil & Gas and Premier Oil, announced on 28 May 2003, and Sterling's subsequent
takeover of Fusion.

Joint Venture partners Premier Oil plc and Hardman Resources Limited have also
issued releases today.

Highlights of the programme are:

Three exploration wells in PSC B, Tevet, Capitaine, and Merou; Premier
Oil's release today suggests that the latter two are potentially of similar
size to the Tiof discovery.

Two exploration wells in PSC A; Premier Oil's release suggests that one of
these is of similar size to Tiof, whereas the second is a higher risk, but
potentially significantly larger feature which extends into PSC B.

Up to four appraisal wells will be drilled on Tiof, one of which will
include a production test.

11 development wells (including up to 6 producing wells) will be drilled as
part of the Phase 1 development of the Chinguetti oil field commencing in
4Q 2004.

All of this programme will be carried out at zero cost to Sterling.

Sterling will be due a discovery bonus from Premier once each field greater
than 50 million barrels is declared commercial, of $2 million in PSC B and
$1 million in PSC A.

The Woodside release reads as follows:

Woodside approves major drilling campaign in Mauritania

Woodside Energy Ltd., a wholly-owned subsidiary of Woodside Petroleum Ltd., is
about to embark on its 2004 offshore Mauritania drilling campaign in West
Africa.

The campaign will involve the drilling of up to 21 exploration, appraisal and
development wells across offshore acreage containing the Chinguetti, Tiof and
Banda oil and gas discoveries.

The exploration and appraisal program will commence in August 2004 and continue
until the commencement of Chinguetti development drilling in the fourth quarter
of 2004. The program will cover one commitment well, the Dorade prospect in PSC
Area C2, up to five exploration wells in PSC Areas A and B and up to four
appraisal wells on the Tiof discovery.

Work is continuing on finalising the prospect drilling list. The exploration
wells to be drilled in PSC Areas A and B are expected to include the Tevet,
Capitaine and Merou prospects with additional wells yet to be confirmed.

The development drilling program on Chinguetti will commence in the fourth
quarter of 2004 and will involve up to six oil production wells, four water
injection wells and one gas injection well in the Phase 1 Chinguetti Oil
Development (PSC B).

'The exploration wells will target Miocene objectives, similar to those of the
successful Chinguetti, Tiof and Banda discoveries and seek to identify other
potential production opportunities,' said Woodside Chief Operating Officer,
Keith Spence.

'The development and appraisal drilling is designed to assist the timely
delivery of our recently approved US$600 million Phase 1 Chinguetti Oil
Development and to further appraise last year's exciting Tiof oil discovery.'

The campaign will utilise two deep-water drilling rigs, the 'Stena Tay' and '
West Navigator', that will work in tandem and operate in water depths ranging
from 300 metres to 1,700 metres. The rigs are expected to continue in
Mauritania on development, exploration and appraisal drilling into the second
half of 2005.

Equity interests in Woodside's operated permits in Mauritania are as follows:


Company PSC A PSCB PSC C2
Woodside Energy (operator) 53.846% 53.846% 48.0%
Hardman 24.3% 21.6% 28.8%
BG 13.084% 11.63%
Premier 9.231%
Fusion Mauritania A 4.615%
ROC Oil 4.155% 3.693% 3.2%
Energy Africa 20.0%


For further information contact:

Harry Wilson, Chief Executive, Sterling Energy plc: 01582 462 121
Nigel Quinton, Operations Director, Sterling Energy plc: 01582 462 121
Allan Piper, First City Financial Public Relations: 020 7436 7486
07736 064 982


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