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

doubtful. probably just touching down on their positions ahead of news. wierd day today.

wish I had some cash to buy some when they're at this level

SEY just been a suggested 'buy' on Bloomberg!

MM bought 1,000,000 shares at 16.15 on Friday. Something is brewing.

onwards and upwards today - the MM was right eh?

There is a comment on iii BB saying that there was an item on Bloomberg TV last evening about Shell being interested in a venture where Sterling own 6% Oil Fields.

The BB speculates that this refers to Mauritannia??

Sounds right.

Did anyone see the item to clarify please?

Can't find a reference anywhere else.

All.

I appreciate it easy to get carried away with this question and any implications, but bear in mind they may be nothing to it.

martinslade

Just read back on this board, did the buy recommendation accompany anthing else or was it a stand alone comment?

It was a stand alone stock pick recommendation from a fund manager who was being imterviewed. The section was about 4-5 mins long with a look at the 12 month stock graph - there was NO mention of Shell.

There is a big write up in Fleet St Letter re energy ie oil and a forthcoming shortfall . Sterling is one of the 5 shares they tip .....Ladron

Thanks martin and Ladron

Probably wishful thinking.

Unlikely to be two items in respect of Sterling I would think.

Stand down.

:)

hi all, off for a week and it all goes quiet...too quiet!

i have a good feeling about this week. i am adding tomorrow.

rgds
proptrade

ladron,

sorry to ask this, but what were the other four?

Good news in respect of the Gulf Operations.

Hurricane Francis missed the platforms and has gone onto land with winds now of 35mph.

Source, Eye of the Storm.

Well nothing else is coming out so why not a weather report???

it has been rather quiet....is it the sport or entertainment report next!

anyone have any idea of when we will next have some data?

Thanks for the weather update SW! Emailed the company this morning for the date of the results and was told 24th or the 25th. Something to look forward to.

cheers gavdfc.

You're welcome Prop. Looking forward to seeing the results. Said they would also post me a copy when they are released, some light bedtime reading!

Woodside DJ:-

Warned on Weds of the risk of a dry hole as it prepares to kick off its $100m+ Mauritanian explo program.

CE told DJNW at the World Energy Congress in Sydney that the first well will test Dorade to the south of the existing Chinguetti and Tiof discoveries.

"We are highlighting that Dorade is a very high risk well.... and we think that it has a strong possibility of being a dry hole," "but if it does work it opens up a whole new area,"

Two drill ships contracted by Woodside arrive in Mauritania over the next few days.

"Thelast time I saw the schedule it was 9/9 and 11/9."

http://sg.biz.yahoo.com/040908/15/3mzea.html

This is only one well.

If Woodside really thought it dry, would they still drill it??

I don't think so!

Hardman Resources Limited
10 September 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 10 September 2004

CONTACT: Scott Spencer (08 9321 6881)

RE: MAURITANIA DRILLING PROGRAMME UPDATE


Hardman Resources Ltd ('Hardman' or 'the Company') is pleased to provide the
following information on the 2004 drilling programme offshore Mauritania.

As previously advised, two drilling vessels, the 'West Navigator' and the 'Stena
Tay' have been contracted to carry out the forthcoming drilling programme,
working in tandem and operating in water depths ranging from 300 metres to 1,700
metres. Both vessels are currently in transit and the 'West Navigator' is
expected to arrive on location on or about 11 September and the 'Stena Tay' is
expected to arrive on or about 15 September.

As previously reported the drilling programme is currently planned to include up
to twenty one wells, including a total of six exploration wells in PSC's A, B
and Block 2, four appraisal wells on the Tiof discovery and eleven Chinguetti
development wells. The final prospect selection and well drilling sequence will
be subject to change dependent on continuing technical work, initial drilling
results and operational issues. The presence of the two rigs also allows for
'batch drilling' wells - whereby one rig performs the same operation on a number
of wells in sequence rather than drilling a single well from top to bottom. The
second rig would then drill or complete the next section. The rigs work most
efficiently in this manner and this can result in very significant cost savings.

The programme is expected to begin with the 'West Navigator' drilling and casing
the 'top hole' sections on the Dorade-1 (PSC-2), Capitaine-1 and Tevet-1
exploration wells and a Tiof appraisal well (all in PSC B) before moving to the
Tiof-3 appraisal well which will then be drilled to total depth. The 'top hole'
section on these wells varies from approximately 600 metres to 1,000 metres of
drilled hole.

The planned Tiof appraisal programme includes 3 firm wells and a contingent
fourth appraisal well, subject to additional seismic and technical studies. We
expect that the Tiof-3 well will be completed and flow tested in a similar
manner to the successful Chinguetti 4-5 Early Development Well ('EDW').

To maintain the Chinguetti field development schedule and because of the late
arrival of the rigs, the 'Stena Tay' will, on arrival, drill a Chinguetti water
injection well before beginning the exploration programme. The 'Stena Tay' will
then move to the Tevet-1 well,which because of its proximity to Chinguetti is
now expected to be the first exploration prospect to be drilled to total depth.
We then expect the 'Stena Tay' to move to other exploration wells while the
'West Navigator' continues work on the Tiof programme.

Hardman intends to report progress of the drilling programme in its regular
weekly release every Tuesday morning with special releases as required.

Interests in the three production sharing contract areas that will be drilled
are:

Company PSC A PSC B PSC C2
Woodside group companies (operator) 53.846% 53.846% 48%
Hardman group companies 24.3% 21.6% 28.8%
BG group companies 13.084% 11.63%
Premier group companies 9.231%
Fusion Mauritania A Ltd* 4.615%
ROC Oil group companies 4.155% 3.693% 3.2%
Energy Africa 20%
* Premier has 29.9% interest in Fusion Mauritania A Ltd



SCOTT SPENCER
DIRECTOR