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

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

Very good sd.

I am fairly certain that this is stuck in the mud till news.

The next scheduled is in May, unless the PSC announce where the next 6 to 7 free carries are in Mauritannia before then.

Can't see what else is coming, but then you never know.

An article from Rigzone.



http://www.rigzone.com/news/article.asp?a_id=20424

Woodside Petroleum Ltd said it believes the Tiof oil discovery off the coast of Mauritania holds about 287 mln barrels of recoverable oil.

The group's chief operating officer Keith Spence said appraisal work is continuing with a development decision possible by mid-year or the third quarter.

"We don't have a development plan yet," Spence told an analyst briefing Related Products

Hydrocarbon Exploration and Production

Generalized Approach to Primary Hydrocarbon Recovery


after Woodside, about one-third owned by the Royal Dutch/Shell group, reported its full year profit results.

Spence said the estimate is a lower than "perhaps people had been expecting" and different development options will need to considered than if the field contained over 400 mln barrels, adding that the field is likely to be developed as a standalone project.

On Monday, Hardman Resources Ltd, an Australian partner in Woodside-operated project, said Tiof might could contain as much as 1 bln barrels of oil but all of this will not be recoverable.

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

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