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

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!!

I got a lucky goldfish as well....................

He fights to get away when I hold him too.............

..........and then there's my cat who loves Exlax!

She lives outdoors!!

And a wife that snores.......

Just about every oil co is down.

MS

oil price back to $35 by end of Q1 nxt year

PT

I did'nt expect that. I thought a min of $40/45 for most of next year.

MS