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

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%

Prop - you did say right at the start this would be turbulent during the drilling campaign and I begin to see why.

I have some cash left to play with, and I think I will keep it till nearer the end of the campaign now before investing further.

We will have a much better idea of what extra is in it for SEY by then.

Thank goodness SEY has a free carry!!!!

WE can let PMO, ROC, HNR and Woodisde take the knocks. How come BG. are not being hit for well failure?

Sold my SEY and bought WTE to spread the risk.

So you did aldwick!

Title :- Me, Me, Me...........


I sold RTO some months back after I was told it would make a fortune from an imminent takeover.

I eventually decided it was a bum informant, and I am glad I sold at a loss. It would have bigger today!

I was given the same info for Bradford & Bingley, I again had to sell at a loss.

I begin to think THAT insider was actually a cleaner who had troubles with literacy!

SEY is all my own work having bought into Fusion Oil & Gas originally, I am still confient for 2006 and beyond.

I sold PRE prior to the drop, I hold a small amount of HNR, I do not condsider them at risk, especially as I am playing with free shares.

I have had a few DES and PET and made enough to buy my Christmas wine from them, I do not hold them now. I will not put another penny into Teeling stocks. (Rightly or wrongly).

As for the PET holders, I wish all the luck in the world.

I have money left in the Bank, but for now unless a very fast bus comes by, that is where that is staying.

I have discovered that the market runs smooth sometimes for me, and gets bumpy on others, which I think is now happening for me.

What I hold I will continue to hold, but until the Moon is in the Seventh Plane, and Jupiter aligns with Mars, I will not buy any more stock!

Now, where's that rabbit!

SWW,

lol!

I agree re Teeling stocks, although I still hold a punt in PET that I'm going to hold until they announce one way or the other re the Iraq contracts, then I'll be out if it's negative.

Rough ride for Hardman holders the last couple of days, a bit more rocky then I had hoped for persoanlly, although still holding for now! Any further reversals will cause me to consider reducing/selling.

SEY is weathering the storm better, and the uptrend remains intact.

talk about an overreaction here!

do we all remeber that this is is oil exploration and a bit of wildcat drilling at the moment. we all know the risks BUT we have established strikes in the area and it would be some cruel twist of fate/nature if every drill was a failier.

if there is anyone out there with their mortgage on this then more fool you, but for everone else, lets just keep our eye on the prize...the longer term prize. of course a strike would be great right now but it is just a matter of time.

rgds
prop...chilling out into 2006

Smile

;-)))

SWW, the "over reaction" was not in reponse to your post! it was in response to the recent moves in the price and the one way selling action today (albeit low volume).

my apologies if you got the wrong impression sir!

SEY is also my own work and i only wish i had been in around the FOG time. i think the exploration sector is just taking a well deserved breather and i think a couple of unsuccessful drill programmes have just brought expectations back in line a bit.

i agree with holding off until the dust settles, won't be long and then roll on 2006!

rgds
proptrade

I can feel the negative vibe's and understand why, but don't cut and run. It will come good. As I said to one of my girlfriends "Trust Me".

There is a lot of money invested here not only by small investors but by major institutions and the directors of SEY let alone the Mauritatian government. If this was going to go tit's up no one would have invested in the first place. All you need is patience.

LOL

MS

MS, this thread wouldn't be the same without you.

you managed to bring in girlfiends, tits and a bit of politics in one little thread..and made a whole lot of sense!

lol as well

rgds
prop

Mickey

what a classic quote:
"as i said to one of my girlfriends - trust me"

happy holding for the long term

Thanks guys. I'm in untill 2006 when the black stuff starts to flow and then I'm off to Newport Pagnell to get my DB9.

MS

Chinguetti as I understand it is a production drilling, so the black stuff should start to flow soon and yes it is brought forward a little.

Probably as a sweetener to keep us all intersted, it will because the royalties will flow sooner for SEY.

I am anyway.

If you are able to find the HNR AGN report, there are some really nice cross sections of the geology of the region showing where they think there may be oil.

It is on this site, but I can not find a way to go direct to it so if you are intersted you vcan find it there.
http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&releasedDuringCode=W&issuerCode=hdr

Just had a look at my stock watch, all red and some in a big way. Gald I am not in RTO anymore that would have made me really ill!! -9 indeed.

HNR is looking even better as a buy at 72 ask.

Hmmmmmm..............