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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

gavdfc - 10 Jan 2005 15:15 - 2856 of 7811

Bit of excitement here today, nice rise though. I wonder what the drilling update will bring tomorrow. HNR and PMO up also. Interesting large trade earlier.

seawallwalker - 10 Jan 2005 20:12 - 2857 of 7811

Knackered.

500 mile round trip after posting the above message and not knowing what was going on all day.

I am now going to relax in the knowledge that,


BIG THINGS ARE AFOOT

He says in a blatent ramping fashion.

seawallwalker - 10 Jan 2005 20:17 - 2858 of 7811

Oh in respect of charts and the head and shoulders, the line can break either way, up or down of the neck.

Hilary correctly identified that it was a decision point for this stock.

Thank you Hilary. (you are off filter I really like the forex thread)

I dont yet know for sure why it broke up or if it will be sustained, but I think we will find out soon.

In any event charts can not be applied to a news driven stock like this one, unless nothing is happening, which is not the case.

Cheers all.

seawallwalker - 11 Jan 2005 07:11 - 2859 of 7811

Tiof 6 = an oil column, not yet measured.

This does mean that Tiof 6 will be commercial and huge imo



Hardman Resources Limited
11 January 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 11 January 2005

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 progress report on the
Mauritania offshore drilling programme:

Tiof-6 Appraisal Well - PSC B

Progress and Current Status:
Since the last report on 4 January 2005 the West Navigator drilled the Tiof-6
well to the final total depth of 2,963 metres and commenced wireline logging. At
midnight (GMT) 10 January the logging programme was continuing. A preliminary
analysis of logs acquired while drilling and the wireline logs acquired so far
indicates the presence of an oil column. It is currently planned that the well
will be suspended to allow the rig to work on the Chinguetti development
drilling programme before returning to flow test the Tiof-6 well.

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-6 well is located 3 kilometres west of the Tiof-1 discovery well and 1
kilometre east of Tiof-3. Water depth is approximately 1,165 metres.

Well Details:
The Tiof-6 well is intended to further appraise the Tiof oil discovery and will
continue the evaluation of the Miocene channel sand system within the Tiof Field
area as interpreted with 3D seismic.

Chinguetti Development Drilling

Since the last report on 4 January, the Stena Tay has continued drilling
operations on the Chinguetti field. Hardman does not intend to provide detailed
weekly reports during the course of the development well drilling programme but
will continue to report significant matters as appropriate and in accordance
with its continuous disclosure obligations.


Other information:

All reported depths are referenced to the rig rotary table (except water depth).

Times and dates refer to Mauritania time (GMT), 8 hours behind Western Standard
Time, Perth.

A map showing the location of the 2004/05 wells is available on the Hardman
website (
www.hdr.com.au
) and will be updated during the course of the 2004/2005
drilling programme.

The government of Mauritania has exercised its right to participate in the
Chinguetti development, as previously announced, and the resulting joint venture
interests in the Chinguetti Field and PSC B are:

Company PSC B Chinguetti Field
(Remainder)
Woodside group companies (operator) 53.846% 47.384%
Hardman group companies 21.6% 19.008%
BG group companies 11.63% 10.234%
Premier group companies 9.231% 8.123%
ROC Oil group companies 3.693% 3.250%
Groupe Projet Chinguetti (Govt. interest) -

gavdfc - 11 Jan 2005 07:13 - 2860 of 7811

Morning all.

Hope you're not still knackered SWW! Drilling report out. Seems something is afoot!

Edited my post seeing as you already posted the results.



seawallwalker - 11 Jan 2005 07:20 - 2861 of 7811

Hi gav, still flat but then I rarely drive more than 10 miles ata time now, still I stopped for a little nap during the last 150 miles and that was lovely............................

gavdfc - 11 Jan 2005 07:30 - 2862 of 7811

500 miles is a fair trip in one day, distance between me here and London! Take me a while to drive that.

Nice to see a presence of an oil column here after some of the last results. And now the rig moves onto work on Chinguetti before returning to Tiof. Hopefully a good day here.

seawallwalker - 11 Jan 2005 08:21 - 2863 of 7811

For info...........

PCI thread has an EVO Broker note on it for PCI.

Reading that I have more confidence in the one they wrote for SEY.

I have called it, (the PCI one), brutally honest.

aldwickk - 11 Jan 2005 09:16 - 2864 of 7811

" Des + Sey stake currently worth just over 1/ Wte share. "
Posted on the other side 10/1/05 , are they right ?

StarFrog - 11 Jan 2005 09:39 - 2865 of 7811

aldwickk - whats Wte? Please. :>)

aldwickk - 11 Jan 2005 09:58 - 2866 of 7811

Westmount energy.

proptrade - 11 Jan 2005 10:14 - 2867 of 7811

on 26,000 shares!

StarFrog - 11 Jan 2005 10:16 - 2868 of 7811

Thankyou aldwick. Thought that you were refering to some other unit of measure to do with oil volumes. Ta.

lizard - 12 Jan 2005 12:25 - 2869 of 7811

2x 5 million buys @15.75p

gavdfc - 12 Jan 2005 19:11 - 2870 of 7811

Looks like a roll-over to me Lizard. Sell 5m at 15.73 and buy them back at 15.75 right after. Of course I could be wrong.

Dr Square - 13 Jan 2005 07:18 - 2871 of 7811

Web address: www.hdr.com.au email: office@hdr.com.au
STOCK EXCHANGE / MEDIA RELEASE
RELEASE DATE: 13 January 2005
CONTACT: Scott Spencer
TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600
RE: WIRELINE LOG RESULTS FOR TIOF-6, MAURITANIA
PAGES: 1
Hardman Resources Ltd (Hardman) provides the following report on the evaluation of the
wireline data:
Tiof-6 Appraisal Well - PSC B
Progress and Current Status:
Since the last announcement made on Tuesday 11 January, evaluation of wireline and drilling
data, including downhole pressure measurements and fluid sampling indicates that Tiof-6 has
intersected oil over a gross interval of at least 123 metres. Wireline oil samples have been
recovered to surface. It is interpreted that no gas or water leg has been intersected by the
well. The interval comprises several good quality sands of varying thickness, and meets the
criteria for flow testing. The well will thus be cased and temporarily suspended, allowing the
West Navigator rig to conduct Chinguetti development drilling, before returning to resume
Tiof-6 test preparations.
Comment:
Chinguetti development drilling has priority over other drilling activity in this campaign. The
Joint Venture is committed to being flexible in rig scheduling in order to maximise the
operational efficiencies of running two rigs simultaneously. Thus individual wells are
occasionally re-scheduled at short notice, as with the Tiof-6 drilling and completion activities.
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.
Level 1, 50 Kings Park Road, West Perth
PO Box 869, West Perth
Western Australia 6872
Tel: +61 8 9261 7600 Fax: +61 8 9321 2375
ABN 98 009 210 235 HARDMAN RESOURCES LTD

iturama - 13 Jan 2005 07:37 - 2872 of 7811

Good report.

seawallwalker - 13 Jan 2005 07:40 - 2873 of 7811

That makes Tiof enormous.........................

123 Metres, no water or gas, looks very exciting!

A Minimum of 123M!

Will declare commercial by mid 2005 imo.

I told you

BIG THINGS ARE AFOOT

and that the chart could break either way, now, which way do you think it will go?

daves dazzlers - 13 Jan 2005 08:07 - 2874 of 7811

Big foot then sw , morning all ..

StarFrog - 13 Jan 2005 09:39 - 2875 of 7811

Surely sww, 12 inches is a foot. :>)

Morning all. Good news. 1 by christmas? :>)
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