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

bounce back....good to see.

Unlike PRE and PCI. Looks like a bit of a bloodbath. Even PMO continues down - has had excellent year though.

PMO looks sound to me and is a buy at this price.

Trouble is, I don't want them!

I think there is 1 price tag on HNR, but not today!

Wait till tomorrow I think.

Agreed re PMO. Good post earlier SWW.

Thanks.

It was written with a slant on HNR, but the writer came up with some very interesting points which could have a knock on for SEY.

I am tempted to have a few more SEY after all.

Better decide soon by the look of things, heck tomorrow will do!

If it jumps 3p, they are still a good buy.

SWW

Do you have a large holding?

MS

Of what? SEY?

That's all I have at the mo.

I am not rich, but have 1/8th of my pension in this stock.

The rest is either spent or invested elsewhere. I read when I started this that I should only play with what I can afford to lose, so that is what I do.

I have a bit more that I use for short term stocks.

Hiya guys,

Keep the info coming.

Proptrade whats your take on ZAR,just seen you replied to their forum. Are you in? Im pondering over it.

i have just posted on there sir!

Much better buy/sell ratio.

PRE going down the tubes, as is PCI.

Look forward to tomorrows wishy washy RNS then.

I feel it for you guys who hold PRE & PCI. It's not funny loosing hard earned money. Been there myself.

LOL

MS

Any idea of what those trades were that went through at 3.25pm, followed by 3.27pm, 3.28pm. 6.1mil, 4.6mil and 1.4mil repectfully.

Got to be buys. If so could be good news tomorrow.

MS

The though elsewhere is the same..........buys.

Drilling report, lacks lustre.

http://moneyam.uk-wire.com/cgi-bin/articles/200412070700400917G.html

As the rigs gear into production mode, the weekly updates will cease.

Tiof 3- Progress and Current Status:
Since the last report (30 November 2004) the well was suspended as a potential
future development well and the West Navigator drill ship then moved to the
Chinguetti Field.

So it is not a potential future production well. Why would they lie? Did they lie? Conspiracy Theory? No!

It will be interesting to see what happens to the price of PSC Partners with no updates after Tiof 5, for a while.

maybe the conspiracists will be out again now that the weekly reports have stopped....why? tiof 3 huge strike but keeping quiet...who knows.

proptrade - my reading of today's report is that the weekly reports for the Chinguetti Development Drilling programme would stop, not the general weekly update on the other exploration wells. Makes sense. There wouldn't be a lot to report on a week by week basis for the devlopment programme.

StarFrog, you are 100% right. i think i am just in conspiracy mode (thx SWW!) and am trying to excite myself on what is already a deathly dull day.

kind rgds
prop

prop, now I have re rad the report I am convinced of its' ambiguity in respect of Tiof 3.

The wording is such that they have not abandoned tyhe well, which is the ususal wording for a duffer, but suspended it, and will return.

Theey are also from waht I read, gearing up Tiof for production alongside Chinguetti.

Or; am I reading too much into it?

Decided to reproduce it after all

Hardman Resources Limited
07 December 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 7 December 2004

CONTACT: Scott Spencer

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:

Merou-1 Exploration Well - PSC B

Progress and Current Status:
Since the last report (30 November 2004) the well was plugged and abandoned on
1 December and the Stena Tay drill rig then moved to the Tiof-5 location. The
well results were reported previously.


Tiof-5 Appraisal Well - PSC B

Progress and Current Status:
The Tiof-5 appraisal well was spudded on 3 December by the Stena Tay drilling
rig. The well has been drilled to a depth of 2,159 metres and the 13 5/8 inch
casing set. At midnight GMT on 6 December the riser and BOP's were being run
prior to drilling ahead.

Well Location:
The Tiof-5 well is located approximately 2.7 kilometres east of the Tiof-1
discovery well. Water depth is 993 metres and the planned total depth of the
well is approximately 2,975 meters.

Well Details:
The Tiof-5 well is intended to further appraise the Tiof oil discovery and will
evaluate the Miocene channel sand system within the Tiof Field area as
interpreted with 3D seismic.

Tiof-3 Appraisal Well - PSC B

Progress and Current Status:
Since the last report (30 November 2004) the well was suspended as a potential
future development well and the West Navigator drill ship then moved to the
Chinguetti Field.


Chinguetti Development Drilling

The West Navigator drill ship resumed operations on the Chinguetti development
wells on 3 December 2004.

The Chinguetti development drilling programme will now commence, as scheduled,
to ensure adequate time to drill, complete and prepare the wells for connection
to the floating, production, storage and offtake (FPSO) vessel when it arrives.
The West Navigator will commence operations and subsequently be joined by the
Stena Tay. The Chinguetti development well surface locations are clustered at
three separate 'drilling centres' allowing both rigs to work in the field at the
same time. The rigs will work in tandem on the drilling centres with the
West Navigator drilling and casing the top holes, followed by the Stena Tay
drilling and casing the bottom holes through the reservoir interval. The West
Navigator will then return to conduct the completion operations of these
Chinguetti development wells after carrying out other appraisal and/or
exploration activities for the joint venture.

Hardman Resources does not intend to provide detailed weekly reports during the
course of the development well drilling programme but will report significant
matters as appropriate.

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). The government has exercised its right to
participate in the Chinguetti development. Joint venture interests in those
areas are:

Company PSC B Chinguetti Exploitation Perimeter PSC A
(Remainder)
Woodside group
companies 53.846% 47.384% 53.846%
(operator)
Hardman group 21.6% 19.008% 24.3%
companies
BG group companies 11.63% 10.234% 13.084%
Premier group 9.231% 8.123% -
companies
Fusion Mauritania A - - 4.615%
Ltd
ROC Oil group 3.693% 3.250% 4.155%
companies
Groupe Projet - 12.000%
Chinguetti


SCOTT SPENCER
DIRECTOR

Note: In accordance with Australian Stock Exchange Limited listing requirements,
the geological information supplied in this report has been based on information
provided by geologists who have had in excess of five years experience in their
field of activity.