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

well said SWW, and thanks for the link above Gav!

Found this tonight on a Canadian Newswire:

PanOcean acquires 25.71% interest in Themis Marin and Iris Marin blocks offshore Gabon
ST. HELIER, Jersey, April 20 /CNW/ - Pan-Ocean Energy Corporation Limited
("PanOcean" or the "Company") announced today that it has acquired a 25.71%
working interest in two exploration blocks offshore Gabon near the Company's
existing Etame Marin Permit. The Company entered into a purchase and sale
agreement with Sunburnt Downs Pastoral Co. Pty. to acquire two wholly-owned
subsidiaries which in turn hold a 25.71% working interest in each of the Iris
Marin Exploration and Production Sharing Contract ("EPSC") and in the Themis
Marin EPSC respectively.
Both of the Themis and Iris permits are operated by Sterling Energy plc
(AIM: SEY - 20.57%), with partners Petroleum Oil & Gas Corp. (Pty.) Ltd. of
South Africa (22.86%), Premier Oil plc (LN: PMO - 18.00%), and Ascent
Resources plc (AIM: AST - 12.86%). The Government of Gabon has an option to
back in for 7.5% in both permits.
The Themis Marin and Iris Marin EPSCs cover two shallow water exploration
permits offshore Gabon of 902 km(2) and 607 km(2) respectively. Themis Marin
borders on the northern edge of the Company's Etame Marin permit and Iris
Marin is situated along the Gabon coast approximately 110 km northwest of the
main Etame field. Both the Themis and Iris concessions are surrounded by
proven oilfields, and are close to pipelines and production infrastructure.
The principal target on both Iris and Themis blocks is the Gamba Sandstone
reservoir, similar to that found in Etame to the south.
The Iris Marin EPSC was signed in November 1999 and is comprised of three
exploration terms, each of approximately three years duration. The property is
currently in the second exploration term, with an exploration commitment well
planned to be drilled in July 2005. The co-venturers acquired 1,453 km of 2D
seismic and 332 km(2) of 3D seismic.
The Themis Marin PSC was signed in November 1999 and is currently
comprised of two exploration terms of approximately three years each. The
property is currently in the second exploration term, with the first
exploration commitment well expected to be drilled in early 2006. The
co-venturers acquired 1,541 km of 2D seismic and 296 km(2) of 3D seismic and
are currently processing a recently acquired 216 km(2) 3D seismic survey in
the southern portion of the permit.

PanOcean is an international energy company engaged in the exploration,
production and marketing of oil and natural gas. The Company's asset portfolio
is focused on conventional light oil production in Gabon, West Africa.
PanOcean's Class B Subordinate Voting Shares and Class A Common Shares are
listed for trading on Toronto Stock Exchange under the symbols POC.SV.B and
POC.MV.A respectively. PanOcean has 22,883,905 Class A and Class B Shares
outstanding. Toronto Stock Exchange neither approves nor disapproves the
information contained in this news release. For further information on
PanOcean, please visit the Company's web site at www.panoceanenergy.com .

Forward Looking Statements

This disclosure contains certain forward-looking estimates that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond PanOcean's control, including: the impact of general economic
conditions in the areas in which the Company operates, civil unrest, industry
conditions, changes in laws and regulations including the adoption of new
environmental laws and regulations and changes in how they are interpreted and
enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in commodity prices, foreign exchange or
interest rates, stock market volatility and obtaining required approvals of
regulatory authorities. In addition there are risks and uncertainties
associated with oil and gas operations, therefore PanOcean's actual results,
performance or achievement could differ materially from those expressed in, or
implied by, these forward-looking estimates and, accordingly, no assurances
can be given that any of the events anticipated by the forward-looking
estimates will transpire or occur, or if any of them do so, what benefits,
including the amounts of proceeds, that PanOcean will derive therefrom. All
statements included in this press release that address activities, events or
developments that PanOcean expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements include future
production rates, completion and production timetables and costs to complete
well. These statements are based on assumptions made by PanOcean based on its
experience perception of historical trends, current conditions, expected
future developments and other factors it believes are appropriate in the
circumstances.



For further information: Robert S. Wynne, CFO, +44 (0)1534 700906,
(403) 705-0304, rwynne@panoceanenergy.com, www.panoceanenergy.com



http://www.newswire.ca/en/releases/archive/April2005/20/c7826.html

Gav,

well spotted !

Cheers Andy. One good thing about the 2 licences in the Gabon are the costs we are liable for. We hold a 20.57% interest in both the Themis and Iris licences, and for this we only have to pay 2.57% of the drilling costs for up to 4 wells.

I especially like this part from the Pan Ocean statement:

"Both the Themis and Iris concessions are surrounded by
proven oilfields, and are close to pipelines and production infrastructure."

:-))

It would seem that the statement was picked up on quite a few websites and newswires, 5 that I could find tonight. Could be a decent bit of interest in this perhaps?

http://biz.yahoo.com/prnews/050420/to227.html?.v=3

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/04-20-2005/0003439599&EDATE=

http://press.arrivenet.com/mrg/article.php/624049.html

http://www.mysan.de/article83782.html

Goodness me.

Sterling are very busy on the run up to the results.

Good work gav.

Newcastle did well tonight, they only lost by one goal.

Better and better!

SWW,

When you consider they EQUALISED in the 90th minute, I thought the result was poor!


Gav,

Well the news can't do SEY any harm in the run up to results, we have lacked newsflow in the past, this is a welcome change IMO.

I particularly liked this paragraph,

--------------

"Both the Themis and Iris concessions are surrounded by proven oilfields, and are close to pipelines and production infrastructure. The principal target on both Iris and Themis blocks is the Gamba Sandstone reservoir, similar to that found in Etame to the south."

--------------

Glad I topped up recently.

Also in the same neck of the woods is FAO, both off-shire and on-shore in Gabon with further options for Congo and Chad, up at 14p from re-listing price of 7.8p in Feb, worth more than a glance from all you W. African oil lovers.

SD

Morning all,

Thought we may have been in for a rough day today after the carnage last night in the US, but UK markets seem to be holding up well today, at least so far!

Andy, it seems we both like the same part of the statement from last night, and rightly so! The sooner we can get on with drilling there the better. My ubnderstanding was that a well was planned for Iris in 4Q04 and the first at Themin in 1Q05. Hopefully now that this deal has been done things will start moving here. Last years results were released 7/5 so we should get them soon. Am trying to see if they have an exact date and will post here if I find out.

Stockdog, thanks for the heads up on FAO. Will keep a watch on that one.

LOADS OF INFO, CHEERS.

as a gooner, a reasonable result last night only be become exponentially more enjoyable when i watched scholes being sent off and Fergie losing his rag.

still smiling

rgds
PT

great joke...sorry to all at moneyam but this was the funniest i have heard in ages...

A pirate walked into a bar and the bartender said, "Hey, I haven't seen you in a while. What happened? You look terrible".

"What do you mean?" said the pirate, "I feel fine"

"What about the wooden leg? You didn't have that before."

"Well, we were in a battle and I got hit with a cannon ball, but I'm fine now".

"Well, ok, but what about that hook? What happened to your hand?"

"We were in another battle. I boarded a ship and got into a sword fight. My hand was cut off. I got fitted with a hook. I'm fine, really".

"What about that eye patch?"

"Oh, one day we were at sea and a flock of birds flew over. I looked up and one of them shit in my eye".

"You're kidding," said the bartender, "you couldn't lose an eye just from some bird doo-doo?"

"It was my first day with the hook"

Prop,

ROFLMAO!


GAv,

Yes "close to pipeleines and production infrastructure" was a nice add on.

is that roll on floor laugh my arse off?

yes, great joke!


ps

The 'L' = "Laughing"

Lol! Good joke Prop. Looks as if your mob may pip the Mancs to 2nd place at this rate.

Andy,

Surrounded by proven oil fields - nice.
Close to pipeleines and production infrastructure - nice.

Hopefully this area will be of great profitability to SEY and others working in that area.

The Pan Ocean news out on another Canadian newswire.
CNW Telbec.


http://www.cnw.ca/fr/releases/archive/April2005/20/c7826.html

Quiet here today!

Nice little tick up, let's hope we can hold until the bell.

Andy, seems to be a bit of a quiet day for me anyway, apart from SIA dropping this afternoon!

very quiet but i will take a quarter point rise every day!