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

everything was reported as a sell today as all the buys were below mid price

A bit of a worry if all the buys were below mid.

:o)

I'm going back on the game it's much easier to make money and a lot more fun. Spurs for the Cup.

MS

at least on the game you could earn one SEY share per trick!

hils...are you a bear now?

ms do as you must on judged thinking.

wow!!

I agree with hilary!

It dont make sense.

Night all!

Hilary,

I don't normally enjoy reading your posts on this thread but I did today.

--------------------------
"I think that it lost any status that it had as a British Institution when the original member brokers allowed it to become a public company 2 or 3 years ago."
--------------------------

I couldn't agree more!

--------------------------
"Tempus Fugit!"
--------------------------

There's no need to swear!

Neeeds no comment.

Australia's Hardman says Mauritania oil field may contain 1 bln barrels
AFX


SYDNEY (AFX) - Australia's Woodside Petroleum Ltd and its joint venture partners have had further success with an oil appraisal and exploration program off the coast of the west African nation of Mauritania, Hardman Resources Ltd, an Australian partner, reported, adding that the offshore field could contain as much as 1 bln barrels of oil.

Hardman said the Tiof-6 appraisal well in Production Sharing Contract Area B, flowed up 12,400 barrels of oil a day, constrained by a 104/64 inch choke.

It said the well test is currently in the main flow period and the well is flowing at a stable rate of about 9,150 barrels of oil per day in the main flow period constrained by a 72/64 inch choke.

The Tiof-6 well is located 3 km west of the Tiof-1 discovery.

Hardman chief executive Simon Potter said Tiof-6 represented an encouraging oil flow but the sands tested are of poorer quality than those at joint venture partners' nearby Chinguetti oilfield, already under development.

Nevertheless, he said, flow rates at Tiof-6 exceed pre-test expectations.

He said the results of the appraisal program to date have upheld Hardman's initial assessment of about 1 bln barrels of oil-in-place within the Tiof field.

But, Potter said, the assessment of potentially recoverable oil, classified as reserves, is more difficult.

'The results of this test will form a critical part of the assessment of the Tiof development,? Potter said.

Woodside owns 53.846 pct of Tiof while Hardman has 21.6 pct. UK-based BG Group Plc has 11.63 pct, the Premier group of companies also of the Uk, has 9.23 pct and Australia's Roc Oil holds 3.693 pct.



bruce.hextall@xfn.com

blh/tr

Eat my shorts!!!!!!!!!!!

Looks dead....

Give it a poke and see if it stirs..................

I've already poked it too much

Hello Sterling Board.

I know you read this thread for my recipes.

May I suggest a little RNS reminding the Stock Market that you own a large slice of Tiof revenues?

If you dont, then it will go all pussy and pop on release of your end of year and you dont want that do you?

Thank you in anticipation.

Should have bought HNR....

Yes.

I believe Sterling own none of PSC B - only PSC A via Fusion Oil which it bought last year and Chiguetti via its Mauritanian Government interest which they paid $97 million for last year.

All efforts from the drilling contractors has been on PSC B and Chinguetti in recent months. When are they going to develop PSC A which directly afects Sterling?

I keep the faith, but I detect it is becoming a lonely watch.

SD

i think we are missing something here....

sd sorry you are wrong.

They have royalties on PSC b of between 2 and just over 4 dollars a barrel from PMO and around 7% royalties on Chinguetti as well via the Mauritannian Government deal. That one heck of a lot of cash even at $25 per barrel over the life of the field.

Sumarising, they have a direct interst as you say in PSCa and a dual royalty interest in PSCb.

prop we are missing a press release from Sterling.......................

No one seems to be connecting them with this, again!

The ask is dropping, it would be a good time to buy if the price was doing what it should do.

As it's not, I won't bother.

lets send them an email!

Seawallwalker - sorry, I must have missed that about PSC B - where is it mentioned? Apologies for ignorance.

SD

sd, dont apologise, no need.

This about covers it, from the Sterling web site.

http://www.sterlingenergyplc.com/news/woodside_drilling.pdf