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

cheers...

Buyers coming back in now.

thats how to clear a 5 million seller...spook him and move then move the price back up!

Finals should be released sometime in May. Not sure when we will get the next drilling update as they have stated that they will not be releasing something every Tuesday.

The following is from the HNR RNS today. As Parsonsmead points out, makes decent reading so thought I would post it for those who might not have seen this mornings RNS. Looking at their statement re Tiof 1bn OIP, what will be important is what part of this is recoverable.

Mauritania

Exploration:
The 2004 drilling program commenced in September with four exploration wells
being drilled. The first well, Tevet-1 (PSC B), intersected a gross hydrocarbon
column of 114 metres comprising a 70 metre gas column and a 44 metre oil column.
The Dorade-1 (PSC Block 2), Capitaine-1 and Merou-1 (PSC B) wells were
unsuccessful and subsequently plugged and abandoned.

A 3,059 kilometre 3D seismic survey in PSC Area A was completed on 14 November
2004. The survey vessel then moved to PSC 6 in the north where it commenced
recording a 3,100 square kilometre 3D survey.

Appraisal:
The Tiof appraisal programme has seen four wells drilled to date.

Tiof-3 encountered a gross oil column of 134 metres containing several
individual sands of variable thickness. The well was then sidetracked (as
planned) and successfully cored the reservoir intervals, but because of
mechanical problems the well could not be flow tested to its potential and
was suspended for possible future use.


Tiof-4 encountered oil over a gross interval of 113 metres in several
individual sands of variable thickness while Tiof-5 encountered an oil
column of at least 23 metres. These wells were not planned for flow testing.



Tiof-6 commenced in late December 2004 and encountered oil over a gross
interval of 123 metres. It is interpreted that no gas or water has been
intersected by the well and the interval comprises several good quality
sands of varying thickness. The well underwent an extended flow test in
February 2005. The maximum rate the well flowed at was approximately 12,400
barrels of oil plus 11 million standard cubic feet of gas per day with a
stable rate of 9,150 barrels of oil per day. The well has now been suspended
as a potential future oil production well.

It is currently estimated Tiof has in excess of 1 billion barrels of oil in
place. The focus going forward will be to assess development options to realise
recoverable reserves.

Development:
The Chinguetti Field Development was formally committed in May 2004 with project
execution commencing in June. Field development is taking place in two stages -
Phase I comprises 6 oil production wells and 5 water injection wells producing
to a Floating Production, Storage and Offloading unit (FPSO), moored in 800m
water, some 80km from the Mauritanian coast. Phase II comprises the drilling of
an additional 4 production wells, notionally 2 years after project start-up.
Oil and produced water will be separated on the FPSO; excess gas will be
disposed of in the nearby Banda field via a dedicated well. Separated oil will
be stored on the FPSO and off-lifted via tanker directly to international
markets.

Project progress at year end (45% overall) was broadly in-line with expectation.
In particular, two significant milestones occurred in December. Firstly, the
Berge Helene crude carrier arrived into Singapore to undergo conversion to an
FPSO for use on the field. Secondly, two deep-water rigs - the Stena Tay and
West Navigator arrived in Mauritanian waters to commence development drilling
and completion activities. The target date for first oil remains March 2006.

Sterling Energy gets a mention in Money Week again today,"the shares trade on a multiple of four times 2006 cash flow",Buy. so what are you waiting for, get in there my son! goal.

all rwads well. price now flat on the day. first bit of excitement in weeks!

By the way, M Week think that the energy sector will be bull for the next few years to come.

Nice to see the rebound after the drop and as far as the energy sector goes, couldn't agree more.

me too.

Delayed 1m trade at 17.25 just showed up, looks like a delayed buy. Starting to look interesting here today.

indeed, seller out the way any MM have to room to take higher. bit of a swing for this stock!

L2 looking much better than earlier, free trial again! Also of note perhaps is that Evo have moved from the offer to the bid. Could be right about a seller being cleared. Might have been that 5m ish trade from earlier?

that what waht i was saying. i think someone shopped the order around a few mm's and sniffing a seller market the stock down to then take the stck and...mark it up again! classic play.

What time is it, did the alarm go off. Looks like we've all woken up again. Now about the MIL. Oh no Mickey not that again. O.K. not today boy's. To bring an old chestnut out ' 1 by Christmas' !!!

LOL

MS

Just a quick visit people.

Nice to see the "Old Dog" is still wagging it's tail.

Talking of dogs...........................

"Honey I'm back"

MS

hey hey, i am sure camilla will make a lovely consort.

just like old times....MIL jokes, SWW moderating and the only thing that is missing is a recipe for tonight.

by the way just bought a car on the internet...drivethedeal.com highly recommended. this is not spivvy and i have no affiliation to the company but i saved 10% off the purchase pice when the forecourt dealer let me walk away after not even giving me 5% off.

Well 1.5% down to 1,5% up quite exciting for SEY in one day.Have a good weekend all. goal.

come on monday morning! busy weekend with the kids...

a few buyers around in this one this morning.