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

its all getting interesting again. i don't think this govt link by SEY can be underestimated (not that we are). i think these pop up into the low 30's on the back of more good news or farm in by the govt using SEY. if they are involved in every deal SEY almost has to be a takeover target onc the majors notice the reserves. may add....

Woodside managing director Don Voelte spoke to The Age.

http://www.theage.com.au/news/Business/Woodside-set-to-step-on-the-gas/2005/02/16/1108500152881.html

Right at the end of the interview he slipped in this note concerning Tiof 6 and Hardman initial estimates.

..............., Woodside's first-pass contingent recoverable reserve estimate for the Tiof oil discovery offshore from Mauritania of 287 million barrels.

Mr Voelte said there was agreement on Tiof being a 1 billion barrel find (in-situ).

The eventual recovery factor could come in higher than Woodside has applied in its initial estimate. Tiof partner Hardman has suggested that 40 per cent - or 400 million barrels - is more likely.

That Pernod is lethal stuff....................

Woodside seem a little reluctant to pump up the potential revenues from Tiof.

May be they are concerned that either:-

They will become a takeover target, or

Hardman will become a takeover target, or

The Mauritannian Governemnt may be tempted to buy in their 16% on Tiof as well.

Woodside seem to have a history of undervaluing their reserves according to my research.

so this is very good news... right?

5m 4m sell just gone through

prop, you would hope so, wouldn't you?

i certainly would....could be way bigger than we anticipate once more wells are online.

Stockwatch for sey has gone up the swan, it cant add up buys sells and unknowns properly.

I have just checked elsewhere and the 9 mill are sells.

This stock really can't get going can it?

Roll on May.

Stockwatch is right again.


Now it's wrong again.

etc.......

Gosh!

It's another sellers day, and this time I think they have the blues and reds right.

If it drops to 14p again before May,I will have to top up.

If you think that it's going to fall, why don't you offload your holding while you can still get 17p for it now and buy it back cheaper at 14p? Or better still, wait until it's 10p. Or even better than that, dump your long and short the pants off it.

Hils

Without up setting the faithful what is your take on this one.

MS

Better to short Sterling against the Euro than Sterling against the Market, wouldn't you think Hilary?

SD

Mickey,

Upsetting the faithful is never something that's bothered me. My view hasn't changed and I still see these as a sell.

hilary- I note your comments.

Put the way you have above, I am faithful, (to a point), but not upset by the advice, good as it is, and intended.

Thank you.

That's a relief, seawallwalker, as I couldn't bear the prospect of upsetting you.

Me either!

So are you going to dump them then? You know it's a dog with fleas.

I think I will answer that in May.

Don't forget fleas can jump many times their own body height, just when you think you've got them by the short and curlies. And this is a dog with bite, so I'm staying faithful.

SD