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

This is the start of it now people.

Hardman up 5.46% overnight with much more to come.

Sterling Manage,mment need to put out an RNS to flavour the Market too, and with the price of oil on the up, and other items that will affect the price.............

RNS Number:0413N
Hardman Resources Limited
02 June 2005




STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 2 June 2005

CONTACT: Scott Spencer

TELEPHONE: Within Australia: 08 9261 7600
International: +61 8 9261 7600

RE CHINGUETTI DRILLING UPDATE

PAGES: 2

Hardman Resources Limited ("Hardman" or "the Company") announces that the
drilling rig "Stena Tay" has completed the drilling of the wells required for
the first phase of the Chinguetti development project, offshore Mauritania.
This drilling program included 5 new oil producers, 5 water injectors to
maintain reservoir pressure, and 1 gas injection well drilled on the Banda
discovery for disposal of the Chinguetti associated gas. The Chinguetti early
development well drilled in late 2003 will also be tied into the production
system, resulting in the planned 6 producing wells being on stream at the end of
the first phase of development. During the drilling of the Banda gas injection
well a number of cores were cut and fluid samples taken, to aid in the
continuing evaluation of this discovery. The "West Navigator" drilling rig
remains in the Chinguetti field and is continuing work on the installation of
well completion equipment. As of 31 May 2005 sand completion equipment had been
installed on 7 of the 10 new wells, and this work will be followed by the
installation of the production tubing and subsea trees before connecting the
wells to the Berge Helene Floating Production Storage and Offtake (FPSO) Vessel
for production.

Drilling results on Chinguetti were positive, meeting or exceeding expectations.
The completion of the drilling phase removes one significant element of forward
project risk and confirms that the volume of oil-in-place is at least as
expected. On the assumption that early well performance remains in line with
forecasts, Hardman anticipates that this will result in an increase in proven
reserves when it carries out its initial reserves redetermination. The project
is now over 71% complete and the target date for first oil from the Chinguetti
field remains Quarter 1, 2006.

The "Stena Tay" is preparing to move to the Canary Islands for upgrade works
before returning in July to commence the 2005/6 exploration and appraisal
program. The forward drilling schedule and selection of the exploration and
appraisal targets are the subject of a number of key joint venture meetings to
be held from mid-June.

Big chucks being bitten off this morning already.

Still at 15p so no real surprise.

This is like Bargain Hunt.

fill ya boots. that was me taking the market out at 15.5!

should see another tick up soon

thats why i added. bot them at 15 recently and now my view is that being one of the solid plays with such highly respected and astute management the downside from here is at the least limited.

as a prop trader with a big bank i never ever cared about upside...i looked on ever trade as "how much it will cost if i am wrong". basic basic stuff but once you get the calculator out or order the new car on the basis the trade comes good you are buggered.

discipline. the most important tool in trading. have a clear entry and exit strategy.

lesson over!

Thanks for that.

goal....i hope that is not sarcastic! sorry if i am teaching you to suck eggs!

No no I was just going along with your last line, lesson over! Its nice to have a sense of humor.

it gets me through the day! if i didn't i would cry..

moving on up!

Prop, do you work for a bank now?

nope, trading myself and looking to set up an equity fund. I usually look at the big caps (trade stuff like O2, AMEC, EMI and the Banks) but love some of the smaller names.

whats your background? full time trader?

Added some more this morning. Missed 15.25 though, will teach me to be a lazy b******, must get up earlier!! Nice RNS from HNR though.

the early bird....

Prop not at the moment, I am trading for fun, my trade is printing, I work on shifts & every spare time I get I trade. AT first it was to raise money to buy season tickets now its taken over my life... I would like to trade full time in the near future. regards goal.

well, i sincerely wish you the best of luck with that goal. SEY at a quid would i am sure set you on that path!

Wish I had the capital to trade full time, also a newbie (just 2 months)
Have to learn so much yet, still dont understand these graphs properly, is there any good book out there that teaches you?

Must start getting up earlier...

sidtrix

Try these sites:

http://stockcharts.com/education/



http://www.chartpatterns.com/index.html

good luck

pth

Cheers PT... been doing quite well without the graphs (guess it's been luck & a lil research) once I master these babies, think I'll be able to time my buys & sells right
Always saw myself as a city trader, think I might take it up... wonder what qualifications I need to become one?