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

morning all....come on the SEY!

Did you missus stay all night with you in tyhe Curry House Dave?

PMO is well up now as is, ROC & HNR.

I am still convinced there is news coming from that quarter.

Tiof 3?

EGM

Camilla on the iii site recites from memory


Just been to the EGM. I left my flat in such a hurry I didn't take a pen and paper, so these notes are from memory.

Firstly, FD and CEO seemed to be on the ball - as far as one can tell from a 20 minute meeting.

Some points I picked up:

- Chairman said he believed that Sterling was not the highest bidder for the Chingetti deal. Mauratanian govt went for a company it knew well.
- 30 institutions subscribed to the placing. 15 were new shareholders.

- FD said that deal would "wash its face" at $20 a barrel. Especially with oil feeding through from the Tevet deal. He gave a technical explanation at that point about Tevet which I didn't understand. But anyway the headline is that deal washes its face at $20.

- Harry Wilson said that Sterling hoped to get further deals with the Mauratanian govt on other fields. However, he pointed out that Sterling probably wouldn't get the whole field in future. The Mauratanian govt would probably be able to part fund future deals with its new oil revenue, and the govt might also get help from African development agencies. On top of that, Sterling could be squeezed out by other oil companies. But strong personal relationships could help Sterling.

- FD said he thought that fears about political risk were over done. Said that Angola had maintained production throughout its turmoil.

I'm holding.

So from that it seems Harry may have got us the near the whole 12%.

We will have to wait for an RNS to confirm. If that is correct, hang on to your grey pants................................

Here, have a map.




Small, ain't it?

I think we have seen the words before, but not the CEO comments


PSC-B, Block 4
Tiof-4 Appraisal well and Tiof-3 ST2 Appraisal Well


Tiof-4 Appraisal well

The Stena Tay drill rig arrived at the Tiof-4 location on 9 November 2004 and drilled the bottom hole section to a final total depth of 2,908 meters.

Evaluation of logs acquired while drilling and wireline logging operations, including fluid sampling and downhole pressure measurements, has established that the well intersected a gross oil column of approximately 113 meters, containing several individual sands of variable thickness. The result was in line with pre-drill expectations.

At midnight on November 15, 2004 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-A location.

Tiof-3 ST2 Appraisal Well

During the week some mechanical problems have resulted in a delay to commencing flow test operations. At midnight on 15 November 2004 the current operation was continuing preparations to flow text the well.

All reported drilling depths are referenced to the rig rotary table and all times are Universal Time (UTC) (Mauritanian time).

Wells are expected to be drilled in three production sharing contract areas during the campaign."

Dr John Doran, Chief Executive Officer of ROC commented that:

"The net oil pay within the overall gross oil column drilled at Tiof-4 lies within the 10% to 40% range established by the other discoveries and successful appraisal wells in the area."

Hello!

Are you all at a party that I have not been invited to?

It's very lonely here today!

Afternoon sw,bit occupied with bprg.

Hi Dave.

I'll have a look, seemed good this am.

Ah. Tnis is the one that dropped after the CEO failed to make a briefing, as he was very ill.

It dropped through the floor cause the city though he had something to hide.

The Times says that was rubbish, so why the drop since this morning?

NO CONFIDENCE.

DD & Sww & PT

Have a look at SEO but be quick.

MS

I agree SEO at mom, BPRG will hopefully bounce but beware at present...

MS since you posted seems a lot of interest?

ROC Oil say

Ceo Doran is keen to deliver some 50 million barrels of oil net to the market.

We are in plays where finding that amount of oil is possible, he said. If you are in China, Mauritania and Equatorial Guinea, then you can definitely find 50 million barrels.

Theres just one issue niggling Doran. The areas where we have large equity are the areas where the fields are small to modest, said the Roc boss. The areas where we have small equities are where the fields are big, like Mauritania.

Even so, a small percentage point of the possible 4 billion barrels touted to lie in the Mauritanian acreage is still a company-making amount of oil...


Company making for ROC, Company transforming for SEY!

There, sleep on that!

EGM Statement

Sterling Energy PLC
19 November 2004




Sterling Energy plc
Investment in Mauritania approved at EGM

On 27 October 2004, the Company announced that it had entered into a Funding
Agreement with the Mauritanian Government pursuant to which it would provide a
letter of credit for US$130million to enable the Mauritanian Government to
exercise its right to participate for a 12 per cent. interest in the development
of the offshore Chinquetti Field.

At the EGM held at 10.00am yesterday, the resolution proposed and set out in the
notice of meeting dated 26 October 2004, concerning the equity fund raising of
97million at 17 pence per share, was duly passed. The New Ordinary Shares
issued in connection with the Placing are expected to be admitted to trading on
AIM at 8.00am today.

The Company is delighted to announce that, subject only to Admission, all of the
conditions to the Transaction have either been fulfilled or waived.

19 November 2004

Enquiries:

Harry Wilson, Chief Executive, Sterling Energy plc 01582 461 121
Graeme Thomson. Finance Director, Sterling Energy plc 01582 461 121
Rob Collins, Henry Turcan, Evolution Securities Limited 020 7071 4300
Allan Piper, First City Financial Public Relations 020 7436 7486

Note:
Words and expressions where defined in the circular issued by the Company and
dated 26 October 2004 shall, unless the context requires otherwise, have the
same meaning in this announcement.

Morning all,bit of snow here last night.