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

Does this not mean that the cgse 1021 is no longer a Sterling asset?

What return do we get?

I see zilch!

SWW,

As to GSEC 101, this was sold to Forum Energy PLC. SEY have a 23% interest in Forum Energy PLC and so still have an interest in the asset, RNS stating the deal on 25/4:

http://www.uk-wire.com/cgi-bin/articles/200504250700234476L.html

Andy,

Hopefully they will be able to do the fundraising succesfully, especially after the RPT fiasco. I wonder if Evo will be involved.

Glad you could read that gav, I couldn't

Thanks Prop, now I am back in UK fulltime it will be easier
Looks like today was positive though this may just be a reflection of the nudge up in oil prices
SEY management competence is my reason for my holding,they seem to understand the balance of risk, income flow etc, sometimes though they are short in managing the news compared to others.

management is also highly respected in the industry which came from a conversation i had with an oil company CEO (He mentioned them as a model they are replicating)

RNS Number:2228N
Hardman Resources Limited
07 June 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 7 June 2005

AUSTRALIAN CONTACT: Scott Spencer
Hardman Resources Ltd
+61 8 9261 7600

LONDON CONTACT: Patrick Handley
Brunswick Group
+44 207 404 5959

RE: CHINGUETTI FINANCE FACILITY

Hardman Resources Limited ("Hardman" or "the Company") on behalf of its 100%
owned subsidiary Hardman Chinguetti Production Limited ("HCP") is pleased to
announce that it has fulfilled all Conditions Precedent on its US$100M
Subscription Facility with Australia and New Zealand Banking Group ("ANZ"). This
facility, which is fully underwritten by ANZ, is now available for immediate
drawdown, and will be used solely for the purpose of financing HCP's share of
expenditure on the Chinguetti Field offshore Mauritania. ANZ is now concluding
the syndication process, with four leading international banks committed to the
facility subject to final documentation.

HCP's holding in the Chinguetti field is 19.008%, with Woodside the field and
development operator. The project is now over 71% complete. The target date for
first oil from the Chinguetti field remains Quarter 1, 2006.

Hardman is also pleased to announce that all Joint Venture Participants have now
agreed and signed the Chinguetti Joint Operating Agreement ("Chinguetti JOA").
The Chinguetti JOA has been put in place to reflect the Mauritanian Government's
exercise in November 2004 of its right under the relevant Production Sharing
Contract ("PSC") to back in and hold a 12% interest in the Chinguetti field (as
previously announced). HCP's equity in the field has therefore reduced to
19.008%, while in the remainder of PSC Area B HCP continues to hold a 21.6%
interest.



SCOTT SPENCER
DIRECTOR



This information is provided by RNS
The company news service from the London Stock Exchange

END
MSCGGGGVNNLGKZG

Morning all, just found this on Dome Flore:

AFX News Limited
Malaysia's Markmore starts engineering work on African oil block - report
06.07.2005, 02:36 AM

KUALA LUMPUR (AFX) - Markmore Energy (Labuan) Ltd, a company fully controlled by businessman Halim Saad, has commenced engineering development work on an African oil block, the afternoon paper Malay Mail reported, quoting unnamed sources.

Halim bought a 55 pct stake in Dome Flore block, located in West Africa off the coasts of Senegal and Guinea Bissau, from the UK's Sterling Energy Plc for an undisclosed amount in March, the report said.

The paper said that Markmore has made all the required payments to Sterling for the oil blocks.

It added that the engineering development work will help determine the amount of oil reserves in the block and Markmore had raised about 10 mln usd for this purpose.

The paper also said that on the high end, expectations are that the block may have up to 1 bln barrels, with 80 pct of it being heavy oil deposits and the remainder made up of light oil akin to Petroleum Nasional Bhd's Tapis crude oil.

It added that Halim hopes to sell stakes in the block to major oil and gas companies, if substantial reserves are found, as the investment is too 'huge to bear' to commercially drill for oil.

The paper said that Halim is also hoping that the African oil block will have long term synergistic value with a Bitumen plant in Terengganu, 50 pct owned by Seloga Holdings, of which the tycoon is the chief executive officer.

(1 usd = 3.8 rgt)

alice.chia@xfn.com


http://www.forbes.com/home/feeds/afx/2005/06/07/afx2078862.html

Same story as the above here also:

http://www.mmail.com.my/Current_News/MM/Tuesday/MailMoney/20050607114328/Article/index_html

Good work gav.


As I recall Sterling farmed out this but retained a 30% equity

SWW, yes we do have a 30% interest. Here's the RNS on the deal from March.

http://www.uk-wire.com/cgi-bin/articles/200503180700039044J.html

Dont know how you find these Gavin.

Malay Mail?

Very good...........

Cheers SWW, lot's of Googling!

Small director buy:

Sterling Energy PLC
07 June 2005


Sterling Energy plc ('the Company')

Director's Share Purchase


The Company was informed today that on 3 June 2005, Dr. Elizabeth Butler, a
non-executive director of the Company, purchased 20,000 ordinary shares of 1p
each ('Ordinary Shares') at 15.5p per Ordinary Share. Immediately upon
settlement of the transaction, Dr Butler intends to gift these shares to members
of her family and consequently there will be no change to her beneficial holding
which will remain at 349,550 Ordinary Shares, representing 0.3% of the Company's
issued ordinary share capital.



This information is provided by RNS
The company news service from the London Stock Exchange

every little helps...

Works for Tesco anyway. Wish my family would buy some shares and "Immediately upon settlement of the transaction" gift them to me!

i love you man. have a share on me....

15.75 bid

As the Actress said to the Bishop...............

Seems to have had an effect that is now noticeable.

Keep pumping boys.

Thanks for the 1 share kind sir, as you say, every little helps!

Bit more Forum,

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/06-07-2005/0003821480&EDATE=