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

HNR bb.

Andy - 28 Nov'04 - 20:05 - 132 of 132


Rumours over the other side of a "gusher" at Merou, nothing to substantiate them, but worth keeping an eye on price and volume this week IMHO.

I believe these rumours eminate from the HotCopper website in Australia, so should be treated as simply rumours until something more solid is available.

Sadly, we now have confirmation, and it's another disappointment!

Details can be found by following the link below, shame!

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&releasedDuringCode=W&issuerCode=hdr

Morning all.

Thank you Andy

People may I apologise for being taken in by a newspaper report that indicated the contrary to the news on Merou.

I have learnt here, probably what you all know already that I should not believe everything I read in newspapaers.

Please accept my humble apologies.

SWW, apology accepted but please stand in the corner for the rest of the day!

news is news and facts are facts. we all speculate and hear things but from various sources and often a pack of lies gets to snowball. i wouldn't think twice about it SWW.

c'est la vie.

Rgds
proptrade

SWW,

No need to apologise, IMHO, you were passing on what you had heard, nothing more.

SWW

Now a spanking is in order. I'll send a friend of mine around, her name is Betty Swollocks or is it Tabbie Flits. Oh it dosn't matter they'll both put a smile on your face.

MS

Thank you people.

Back to waiting.

;-))

HNR took a hammering on bad news. Will this affect SEY? Any views.

MS

Sells giving a wrong picture. There are Buys here. As usual you can't rely on these figures. Keep the faith this will happen in a year or so.

MS

Agreed.The buys are 17 and up

Glad I don't hold PRE. That's got to hurt.

MS

May bounce tomorrow MS if looking for a quick buck
Nam

This always happens to me when I'm fully invested.

MS

Note - "may" bounce!

Don't recommend PRE folks.

Looks like a fair amount of spin that crashed and burned. If their Bolivian assets do the same, they cease to exist!

All imho etc.

SWW,

yes once again PRE have disappointed!

Glad I sold a few weeks ago after holding for years.

Well folks, I'm out now too. Made some money earlier, so I'm happy enough with that. Bye bye, SEY!

You would think that it was 1929 on Wall St. to judge from today's selling. It's only a minority stake and cost the company nothing. Completely oversold in my opinion. A few days ago they were over-subscribed at 17p. Why are they suddenly garbage?

I'm happy to hold and wait for the inevitable recovery. This is a pretty live wire Management, and that's half the battle.

I've only currently got PRE, SEY, PCI and AFG, so I have had a bloody wonderful day!

Nothing exciting inthe below rilling update, but then we probably knew tyhat already. The Times reports the next 2 wells to be high risk according to Merrill Lynch.

The drilling campaign is going according to plan then!

Hardman Resources Limited
30 November 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 30 November 2004

CONTACT: Kathryn Davies

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 (23 November 2004) the West Navigator has encountered
mechanical difficulties with the completion. This has meant that the well could
not flow to its potential. However various samples and formation pressure
measurements have been obtained. The well will be suspended and the West
Navigator drilling rig will commence operations to this end. The rig will then
move to recommence the Chinguetti field development drilling campaign.

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.


Merou-1 Exploration Well - PSC B

Progress and Current Status:
The Merou-1 exploration well was spudded on 20 November 2004 by the Stena Tay
drilling rig and has intersected hydrocarbon bearing formations now considered
to be most likely gas. Since the last report on 29 November 2004, the initial
assessment that these were sub-commercial accumulations has been confirmed and
the well will be plugged and abandoned as planned. The drilling rig Stena Tay is
preparing to perform these operations prior to moving to the Tiof-5 appraisal
well location.

Well Location:
The Merou Prospect is located approximately 110 kilometres west of Nouakchott,
the Mauritanian capital, 35 kilometres northwest of the Chinguetti Field and 25
kilometres west of the Tiof oil discovery. Water depth is 1,810 metres and the
total depth of the well was 3,060 meters RT.

Well Details:
The Merou-1 exploration well was testing a structural/stratigraphic trap of
Miocene aged channel sandstones draped over a large salt diaper.

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 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%