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

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..............

I am sure orvis would not mind this copy and paste, it explains in a nut shell what is happening next, and better than I could have done it.

ADVFN - orvis - 30 Nov'04 - 11:11 - 2883 of 2884


On a point of detail... the rig is moving to Chinguetti but not for test drilling. It is going to start production drilling. This is a 10 well program consisting of 5 production wells, 4 water injection wells and one gas disposal well; all 10 are related to production. This was always scheduled to start Nov / Dec.

Attention now should shift to Tiof 5 to give us all a greater idea of the size and potential of this discovery.
There was also supposed to be 2 exploration wells in block PSC A (Sotto and Bogue)in this Autumn's program. Looks like these may be dropped perhaps because they took so long on Tiof 3. Not sure they have been dropped.

cheers SWW

HNR is starting to look like a buy to me. Already hold but might top up. Not sure if it will go a bit lower. Sorry for the hijack.

MS

ms I agree, I dont think it wll go much lower, (he says hopefully). Another over reaction I think. Tiof 3 news did not say there was no oil to be had, it said they could not finish testing, time is of the essence, it costs money!

The price must hold for the existing finds and becasue of the above posts concerning production.

I did read the production is the way HNR want to fund any further exploration beyond this campaign. Can't recall where I saw that, probably in Oz in a website.

For what it's worth, I think PMO is near a good target price to buy as well, it standing in the 560's.

May be worth a wait for 540's if they come, this stock can gain a quid in no time from that price!

Light and fluffy!

Darn rabbit!

Come here, Spot!

Ouch................!!!!

Gotcha!!!

Sorry about that folks, he hates having his foot squeezed!!