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

I think HNR are safe anyway.

Just some crazy pricing but for the right reasons.

Oz needs to pick them up tonight and away they will go again.

Did you see Ian(MoneyAM) is having Christmas day and Boxing day off. What ever next.

MS

you can say that again DD!

MS,

I shall be watching and keeping an eye on the E mails - just don't E mail me when I am eating me turkey as it will make me grumpy for teh rest of the day :)

Ian

Have a good one Ian and hope you eat and drink too much. I know I will.

MS

MS,

I always do especially the drinking part!

Ian

Ian
i think you need a blackberry for xmas with the amount of emails some sad bugger may bombard you with over the xmas period (no reference to MS of course!)
rgds
Proptrade

Tight one ms.

Unlucky ms,seems the london teams are there for the taking,i bet we get the manure next,,fingers crossed we do.


unlucky mick,spurs played well.

Watford,,final it is then.

as a gooner i have to say that that second half HAD to have been the most dull in history....nothing happened!

sell pennant please.....

if only i had bought some oil puts after my comments a couple of days ago....looks like we are heading back through 40.

Wait till mid-winter in the U S A. $60 oil.

we shall see. that what i love about BB's, two diverse views for two diverse reasons. chances are it will be 50 and we will both be right!

5 million roll or account switch. is that you SWW???

2 5 million buys at 16.01 shows that someone likes a bargain.

No doubt that was someone whoi did not get enough at 17p.

Oil price dropped $3 per barrel yesterday which is why most oil stocks were down.

No it's not me, I just had a few more thousand yesterday.

This is relevant

'Hold on to Hardman says analyst
Steve Rotherham
Thursday, December 02, 2004

THE market has overreacted to disappointing results for Hardman at the Merou-1 and Capitaine-1 offshore Mauritanian wells, according to a report by financial consultancy Smith Barney, a division of Citigroup Global Markets Inc.


Hardman closed yesterday at $1.61, down 18 cents or 10.1% from the previous day's close of $1.79.

"Our valuation of Hardman is unchanged at A$2.48 a share," the report stated.

"We believe the known reserves plus the potential for upgrades at Tiof and Chinguetti are worth around A$1.82 a share. The potential for further additions (Tevet) and the potential value of gas at Banda bring our value up to the A$2.48/share level. Our recommendation is maintained at Hold/Speculative Risk (2S)."

Smith Barney said there were also two other exploration wells Sotto-1, a 150-250 million bbl prospect, and Bogue-1, a 300 million bbl prospect that could still be drilled. It was also possible that the joint venture would now concentrate on generating cashflow from Chinguetti and Tiof rather than exploration.

But Hardman was still considered to be a speculative investment as its assets were located mainly in one country, Mauritania, and these were the first oil and gas fields to be located in that country.

Another reason to hold on to Hardman shares could be the company's leases in offshore Guyane (formerly French Guiana).

Smith Barney did not discuss this region, but Hardman acting chief executive Scott Spencer told the company's annual general meeting that Hardman was excited about its deep-water leases off the Guyane coast. Hardman holds a 97.5 per cent interest in more than 65,000 square kilometres.

Spencer said Hardman had completed a large 2D seismic survey outlining a giant structure that could hold 2.5 billion barrels of recoverable oil.

The company was talking to potential farm-in partners but it intended to hold on to a bigger stake than it did when Woodside farmed into Chinguetti, Spencer said.'

agreed. the bubble isn't bursting but just deflating a bit...and not before time. of course i want these stocks higher but with the increased volatity in oil i am happier seeing it go into a bit of a consolidation phase.

Hardmans report above, the Gyanne deal invlves Sterling at a free carry I believe.

My Harry must be doing overtime!