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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

Fundamentalist - 25 Nov 2004 11:31 - 2124 of 7811

Hils

The one side that have always wanted him and still do on all accounts is Juventus.

Still think Cudicini to Arsenal in january is a match made in heaven.

Adie - totally disagree on the viera comment

proptrade - 25 Nov 2004 11:32 - 2125 of 7811

Hils we are in agreement.

Fundamentalist - 25 Nov 2004 11:38 - 2126 of 7811

Hils

you still short?

what is your real target - please dont say 10p! and what timescale?

proptrade - 25 Nov 2004 11:48 - 2127 of 7811

AdieH - 25 Nov 2004 11:49 - 2128 of 7811

Vieria has not played well all season... Fabregas 17 years old has looked more accomplished, Don't get me wrong I'm Arsenal through n through just think we missed out on some cash...

daves dazzlers - 25 Nov 2004 13:28 - 2129 of 7811

Adh , i hope your iffey form goes on,we just cant buy a goal,,,liverpool win.

mellor/flo up front, anybody want to take harry kew off our hands,,65k a week

AdieH - 25 Nov 2004 14:34 - 2130 of 7811

Lol no thanks and to think we were looking at him too... I think it will be our day sorry to say Dave... Hope I don't have to eat humble pie though.

seawallwalker - 25 Nov 2004 15:44 - 2131 of 7811

Read it, it's worth it and relevant.

Hotcopper:- from the AGM today of Hardman Resources: some or most of this has relevance to SEY:
Speaking to a packed meeting of shareholders yesterday, acting chief executive Scott Spencer said a decision to develop the big Tiof oilfield off West Africa depended on a huge drilling campaign now under way.

"If the exploration program justifies early production, that is already being considered," he said. "There's no obligation but that's what we [believe], based on the discussions that have taken place so far and given that we've got an appraisal program under way."

Excellent results from the Tiof wells drilled so far have indicated a probable reserve of between 300 million and 350 million barrels of oil, making it roughly double the size of the nearby Chinguetti field. A $US600 million ($760 million) project at Chinguetti, producing 75,000 barrels a day, is due to come on stream next year.

Spencer said if the appraisal program stacked up, the partners would probably favour a phased development starting at about 50,000 barrels a day in 2007, to generate early cash flow and make the most of booming oil prices.

http://www.smh.com.au/news/Business/Hardman-could-go-another-development/2004/11/25/1101219681047.html?oneclick=true

Longer term, analysts believe the field could ultimately produce up to 130,000 barrels a day for a total development cost of about $1 billion.

At the same time, Mr Spencer said Hardman was encouraged by results from the Tevet field, just 10km from Chinguetti, which was shaping as a 50 million to 100 million barrel field. Given its proximity to Chinguetti, Tevet was probably tied back to the main field.

Crucially, Mr Spencer said Hardman expected to secure funding for its share of the Chinguetti development within days. Final documentation was now being signed with the ANZ Bank for a facility worth up to $US100 million, he said.

Hardman owns 19 per cent of Chinguetti and 21.6 per cent of Tiof, while Woodside holds 47.4 and 53.8 per cent respectively. Australia's Roc Oil also holds respective interests of 3.25 per cent and 3.7 per cent.

Mr Spencer said the company was also excited about deep-water leases off the coast of French Guiana. Hardman holds a 97.5 per cent interest in more than 65,000 square kilometres.

seawallwalker - 25 Nov 2004 15:48 - 2132 of 7811

I have stolen this lock stock and barrel from ADVFN

Hectorp is the poster, thanks Hectorp.

Note that very interesting point for SEY:

'Mr Spencer said Hardman was encouraged by results from the Tevet field, just 10km from Chinguetti, which was shaping as a 50 million to 100 million barrel field. Given its proximity to Chinguetti, Tevet was probably tied back to the main field.

Crucially, Mr Spencer said Hardman expected to secure funding for its share of the Chinguetti development within days. Final documentation was now being signed with the ANZ Bank for a facility worth up to $US100 million, he said.' end of quote

- If as seems likely Chinguetti is tied back to Tevet ot could increase our (SEY shareholders) Chinguetti resource to around 200M Barrels or more (130m).
________________________________________________________________________________

seawallwalker - 25 Nov 2004 15:49 - 2133 of 7811

Now everybody can go back to sleep and have happy dreams.

proptrade - 25 Nov 2004 16:12 - 2134 of 7811

hold on, just to clarify, this is better than expectations...right???

buy the way check out ESY the last few days....

seawallwalker - 25 Nov 2004 16:13 - 2135 of 7811

prop, very right!

Very big!

As I dared to suggest bigger than Lake Superior but not so deep. That will need proving up of course, but for them to say what they have must mean they believe what they are saying.

Going on, if there is a tie back then the Mauritannian Governments 12% is doubled by todays estimates for Chinguetti, should it prove to e the same field.

It follows that Sterlings cut for the deal already bought will double at least.

Anyone who doubts can keep their doubts, says this Bull, I am in long for the ride, and with all OIl & Gas Exploration Stocks it will be turbulant, but we already knew that!

proptrade - 25 Nov 2004 16:18 - 2136 of 7811

good, i thought i was missing something. now where is my ladder so i can shout it off the rooftop.....

mickeyskint - 25 Nov 2004 16:54 - 2137 of 7811

75% of mine were red today. Oh well G&T time. Fish pie tonight made by my own sweet hand. Jamie eat your heart out. All invited. Just a thought, when SEY becomes a 5 bagger shall we organise a piss up?

MS

willfagg - 25 Nov 2004 17:00 - 2138 of 7811

Funny times....SEY and YOO were flying they both enter into significant deals which should have sent them flying and there price goes into stall? Letas hope they recover the glitz they had previously. Even ASC and SPS have had a quiet period.Perhaps tomorrow will be the day!

seawallwalker - 25 Nov 2004 17:00 - 2139 of 7811

I think that is a great idea.

What is a 5 bagger?

Times 5 buy in price?

pd4wcuf - 25 Nov 2004 17:18 - 2140 of 7811

it sure is - now debagging, that's a different story all together

AdieH - 25 Nov 2004 18:42 - 2141 of 7811

Lol prefer the bagger 5 times would be very welcomed indeed...

seawallwalker - 25 Nov 2004 18:52 - 2142 of 7811

1 million buy, delayed by one hour coming up on leg at just before close, so says a "Mate" on ADVFN.

seawallwalker - 25 Nov 2004 18:55 - 2143 of 7811

My "Mate" on hotcopper says buy HNR.

As HNR has risen from it's latest low, the advice may be a little late.
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