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

MS
Are you teasing us? LNG is gaming and leisure. GOM? But agree HMY looks interesting.

sandrew64

LNG= Liquid Natural Gas.
GOM= Gulf Of Mexico.

Read HMY postings and you'll see where I'm coming from. Massive investment in new LNG plants in Qatar. I think SEY has a gas interest in the GOM but not sure if it's LNG. If it is then HMY postings will interest you.

MS

MS...obviously busy today, not a joke in sight!

Not LNG just gas.

SIA make a leap today.................. ;-))

PT

Just busy with GMC. Oh what fun.

MS

Sorry MS having a bad day, the inland revenue have lost my tax return and are trying to fine me for it. B****rds!!

sandrew64

Ouch. Don't let them get you down. My fix after a bad, a few G&T's. It's not the answer but it does help.

LOL

MS

Sounds like a good plan to me...anyone think there's any beef to the rumour of CNE being taken over?

MS
printed out their November spiel on the Thursday when they were still 2.75p because they looked interesting. by monday they doubled and the rest in history. this is a load of bollocks and the CEO should be pulled up for issuing the trading statement which was a rehash of the hitwise stuff. i agree the sector is hot but i want to see the accounts, click through and ad revenue. from what i read i am not convinced and if holding would be out of at least 3/4 of my holding. anyway, paper trade so who cares!
good luck with it
rgds
PT

Thanks PT. Certainly has been a roller coaster.

MS

Look at the GMC sells coming in after the bell.

Profit taking on a big scale.

Anyone got any tuppenny shares that will multiply by 7 in a week for me?

Enough from me on this here, I will watch and learn a buit more.

Gone now.

Night all!

Afternoon all hows tricks,,,,,,still a 1 by christmas.

As a guess,SWW, the float next week of Global Petroleum( don't know what price yet though) might fit the bill. I don't know how long I'd hang around for though, but the initial trading is probably worth being in for. Apparently they are looking for contracts in Iraq (oh no not that old chestnut!)

Who runs it?

Teeling?

lol

good morning......come on the market!

Good morning to you too, such a quiet day!

Not much new in the drilling report apart from the West Navigator joining the Stena Tay at Ching.

Morning all, interesting article (Open Briefing) under HNR news. Interview with their MD Simon Potter. All about his views of Mauritania, Tevet, Chinguetti and Tiof. Check it out.

P

amec keeping a smile on my face and thats it!

RNS Number:1782J
Ascent Resources PLC
01 March 2005

Ascent Resources plc

Acquisition of interests in Gabon Production Sharing Contracts

Board Changes

Ascent Resources plc ("Ascent") has entered into an agreement with Hardman
Resources Ltd ("Hardman") to acquire two wholly owned subsidiaries, Gabon
Investments (Iris Marin) Pty Ltd and Gabon Investments (Themis Marin) Pty Ltd.
These companies hold a 12.86% Participating Interest in the Iris Marin
Production Sharing Contract ("PSC") and in the Themis Marin Production Sharing
Contract respectively.

The Iris Marin and Themis Marin PSCs cover two shallow water exploration
concessions offshore Gabon of 902 km2 and 607 km2 respectively.

Gabon is centrally situated in the West African oil & gas province and has a
long history of oil production. It has the third largest reserves and is the
fourth biggest producer in the region. Current production from Gabon is
approximately 250,000 bopd from its onshore and offshore fields.

Both the Themis Marin and Iris Marin concessions are surrounded by proven
oilfields and are close to pipelines and production infrastructure. Since these
concessions were awarded in 1999, a 3-D seismic survey has been acquired and
from these results a number of drilling locations have been identified. The
drilling of the first of two commitment wells is planned for this summer.

The other partners in both PSCs are:

Fusion Oil & Gas NL 20.57%Thats Sterling Energy

Premier Oil Gabon 18.00%

Petro Oil & Gas Corp of South Africa Pty Ltd 22.86%

Sunburnt Downs Pastoral Company Pty Ltd 25.71%



Initial consideration for the acquisition will be the issue of 12 million new
ordinary shares of Ascent to Hardman. Following completion, Ascent shall
reimburse Hardman for US$515,765 of past costs. Further payments will be made to
Hardman of A$500,000 in the event of successful recovery of hydrocarbon on
testing from a well in either of the PSCs and A$700,000 on issue of governmental
approval for exploitation of either of the PSCs.



Ascent is appointing Mr Jeremy Eng to the position of Managing Director. Mr Eng
has extensive experience in the independent oil and gas sector and a wide
network of contacts within the sector. This appointment underlines the
investment strategy of the Board to position Ascent as an active investor in the
junior oil and gas sector. At the same time, James Pratt and Gary Steinepreis
are resigning from the Board.



Jeremy Eng, aged 45, has a masters degree in petroleum engineering and more than
23 years of oil & gas industry experience. He has specialised in operations and
technical management for the independent sector. After commencing his career
with Schlumberger and subsequently working for Premier, Tullow and IPC, which
has since been renamed Lundin Oil, he founded and for many years ran a
successful petroleum engineering consultancy business. Recent positions include:
CEO of a private upstream gas company and Technical Director of WPN Resources
Ltd, a Canadian junior listed oil & gas company now called Grove Energy.



Following his appointment, Jeremy Eng will be granted options to subscribe for
10 million new ordinary shares at a price of 5p per share, exercisable at any
time between the first and fifth anniversaries of grant.



Ascent has agreed to undertake due diligence on two oil & gas interests held by
Jeremy Eng and others with a view to purchasing them on commercial terms. A
further announcement will be made in relation to this potential acquisition at
the appropriate time.