proptrade
- 14 Jun 2004 11:58
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
daves dazzlers
- 16 Nov 2004 07:30
- 1771 of 7811
Morning all.
seawallwalker
- 16 Nov 2004 07:36
- 1772 of 7811
Morning Dave.
This deal is rubber stamped before the EGM.
Why are they borthering with that now?
Game on though. Long term loads of money to SEY if they are not bought out first!
Hardman Resources Limited
16 November 2004
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 16 November 2004
CONTACT: Scott Spencer
TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600
RE: MAURITANIAN GOVERNMENT EXERCISES RIGHT TO PARTICIPATE IN THE CHINGUETTI OIL
FIELD
Hardman Resources Ltd ('Hardman') is pleased to report that the Government of
the Islamic Republic of Mauritania has exercised its right to participate in the
Chinguetti Oil Field development, offshore Mauritania.
The Government's participation will comprise a 12% equity position in the
Exploitation Perimeter which was granted in May 2004 under the terms of the
Production Sharing Contract (PSC) for Area B by way of an Exclusive Exploitation
Authorisation (EEA). The Exploitation Perimeter was granted over an area
including the Chinguetti Oil Field. The effective date of the Government's
participation is 9 November 2004.
The interest of the Government of the Islamic Republic of Mauritania in the
Chinguetti Oil Field will be held by Groupe Projet Chinguetti, an entity set up
by the Government for this purpose.
The right to participate and the terms of the Government's participation,
including payment of costs from the effective date of participation and
reimbursement of past costs are included in the PSC. The election to participate
will initiate a process for reimbursement of past costs associated with the
Exploitation Perimeter since the effective date of the PSC (being 21 July 1999).
This election to participate is limited to the current Exploitation Perimeter
and does not include the rest of PSC B. The Government has a similar right to
make an election to participate in each new Exploitation Perimeter awarded for
other future developments.
The Government's participating interest will be provided pro rata by the joint
venture participants. Participating interests in the Chinguetti EEA and the
balance of PSC B will be:
Company Chinguetti Exploitation Perimeter PSC B
(Remainder)
Woodside group companies
(Operator) 47.384% 53.846%
Hardman group companies 19.008% 21.600%
BG group companies 10.234% 11.630%
Premier group companies 8.123% 9.231%
ROC Oil group companies 3.250% 3.693%
Groupe Projet Chinguetti 12.000% -
SCOTT SPENCER
DIRECTOR
seawallwalker
- 16 Nov 2004 07:37
- 1773 of 7811
So:- Tiof-4 Appraisal Well has a large deposit of oil. Tiof 3 has yet to be flow tested, my info is the results of that will be at the end of this week.
Hardman Resources Limited
16 November 2004
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 16 November 2004
CONTACT: Scott Spencer
TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 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 (9 November 2004) the West Navigator continued with
completion operations in preparation for flow testing. During the course of the
week some mechanical problems were encountered which have delayed the flow test.
At midnight GMT on 15 November the operator was continuing 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.
Tiof-4 Appraisal Well
Progress and Current Status:
Since the last report (9 November 2004) the well reached the total depth of
2,908 metres and wireline logging operations were undertaken. Evaluation of logs
acquired while drilling and wireline logs, including fluid sampling and downhole
pressure measurements, indicates that Tiof-4 has intersected oil over a gross
interval of 113 metres, containing several individual sands of variable
thickness. The result was in line with pre-drill expectations. At midnight on
15 November the Stena Tay was preparing to plug and abandon the Tiof-4
appraisal well as planned. The Stena Tay will then move to the Merou-1 location.
Well Location:
The Tiof-4 well is located approximately 2.5 kilometres southwest of the
discovery well
Tiof-1 and 2.2 kilometres east of the Tiof-3 well. Water depth is 1,119 metres
and the planned total depth of the well is approximately 2,960 meters.
Well Details:
The Tiof-4 well was intended to appraise the Tiof oil discovery. The well has
further evaluated the Miocene channel sand system within the Tiof Field area as
interpreted with 3D seismic.
Other information:
All reported depths are referenced to the rig rotary table (except water depth).
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 remaining 2004/05 drilling programme will include wells in two production
sharing contract areas (PSC's). Joint venture interests in those areas are:
Company PSC A PSC B
Woodside group companies (operator) 53.846% 53.846%
Hardman group companies 24.3% 21.6%
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%
SCOTT SPENCER
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.
proptrade
- 16 Nov 2004 09:36
- 1774 of 7811
goooood morning all.
just had my double macciato (espresso with a dash of foam). ready to get stuck into this day!
announcements kind of dull and i think the mkt is just waiting for the 19th. expect a stepping graph into the mid 20's through december/early jan as some stock comes out.
i can't stress how great it is that there is added diversification in the shareholding. adds up to a more efficient mkt, more eyes watching progress and importantly, as things go well, positions being added with these new punters having a lower average in price. bodes very well.
sorry, nobody objects if i mention SEY for a while!
seawallwalker
- 16 Nov 2004 11:49
- 1775 of 7811
SIA making a small recovery.
HNR only one of two oils up today so far, the other being BP.
HNR has had a real hammering of late.
Bought some Stone's ginger wine at Morrisons, 1.50 off, nice to go with my b Grants.
I am using the chicken brick to cook chicken tonight, which for me is a novelty.
mickeyskint
- 16 Nov 2004 12:00
- 1776 of 7811
What time shall I come around. I have'nt tried ginger wine with scotch what's it like.
MS
proptrade
- 16 Nov 2004 12:15
- 1777 of 7811
a lovely cottage fish pie awaits tonight. looking forward to that with lashings of peas on a cold winters night!
seawallwalker
- 16 Nov 2004 12:18
- 1778 of 7811
Darned nice.
If you like scotch, it brings a nice new dimension to it.
If you don't like scotch you will after youn have tried this.
I do a half and half, and one is enough for a whole evening. Warm glow before bedtime, sound sleeping.
My Missus sticks to Horlicks!
I tired to tell her not to use it as wallpaper paste but she just will not listen!
No punters around for her last night!
I told her to take a brown paper bag with her, but she always knows best!
May have to switch streets as the others are complaining she scares off the trade.
Oh well, she could always do brick laying....................
seawallwalker
- 16 Nov 2004 12:19
- 1779 of 7811
Fish pie tomorrow.
seawallwalker
- 16 Nov 2004 12:32
- 1780 of 7811
Micky - just finished reading up on SIA.
Bad news, that well.
seawallwalker
- 16 Nov 2004 12:37
- 1781 of 7811
Wow.........
Look at EEN 8 points down.
17p in 2 days.
What did they do wrong?
mickeyskint
- 16 Nov 2004 12:37
- 1782 of 7811
SWW
When I was on the game, one night I came home with 20 all in 50p pieces. My missus said Who gave you the 50p's, I said they all did.
I use to work for Horlicks. Thats what's in the middle of Maltesers. Horlicks use to make them for Mars.
I could'nt have just the one night cap. Will try it with ginger.
MS
seawallwalker
- 16 Nov 2004 12:40
- 1783 of 7811
LOL
proptrade
- 16 Nov 2004 12:40
- 1784 of 7811
EEN is a pile of crap....i have folloed it for 8 years and can testify that management ONLY disappoints.
seawallwalker
- 16 Nov 2004 12:55
- 1785 of 7811
With Ray Coniff playing in the background, I have to pick up a paint brush for the rest of the day.
Summer Time,
and the living is easy........
Did I say many years ago I was an Odeon Doorman?
The projectionist always played Ray Coniff in the intermissions, while I and my usherettes sold ice cream.
We had so few punters that I always went to each and every one asking if they wanted an ice cream. Did not take long to realise that people can not say no easily, so we took a fortune in sales.
Just as well as the films rarely made much money then. A fair bit was also made in the Ballroom, on Weddings and so on.
Worst tipper was the Chief Constable at the Policeman's Ball. (An Irish Sixpence).
Best tipper was Tesco Manager, staff Christmas Party (He gave me a 1926 shilling in EF Condition which I still have. Silly man, I collected coins in those days).
Good to see cinemas making a comeback as they have, but I do miss the old atmosphere.
Bit impersonal now, the employees don't care if you buy or not.
It's all your fault this newish setup. If you had supported your local cinemas even after videos had been invented, it would still be the same as it was; smoke filled, dirty seats, fleas where the tramps bought a seat for all afternoon and evening!
Oh yes, they were the days!
seawallwalker
- 16 Nov 2004 14:53
- 1786 of 7811
So.
Having been in the red all day so far, we have hit level ground again.
MM's dare not keep it low for long as buys come out of the woodwork.
proptrade
- 16 Nov 2004 15:19
- 1787 of 7811
so true. back to 20p in a few sessions.
daves dazzlers
- 16 Nov 2004 15:43
- 1788 of 7811
Afternoon all,its a bit late i know,but i have been trying to sell brjk for 60 pence each both holding ,as i want to dabble with 6 others,small amounts in each,,any tea in the pot.
proptrade
- 16 Nov 2004 15:47
- 1789 of 7811
just had a double espresso to keep me awake. pissed off with ESY, down on no volume and no reason. staked a fair chunk on momentum continuing from yesterday.
Once this silly bollocks inflation fear in out the way after these producer numbers then we can refocus on telcoms and the fact that they are coming back up the old cycle. check out the moves in VOD, BT and the rises in CTM and THUS. all inching forward and with all types back in flavour ESY is back to a quid.
bit of a rant on the wrong thread...sorry
daves dazzlers
- 16 Nov 2004 15:49
- 1790 of 7811
big hopes for bt.a,prop.