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

Bit more Forum,

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

SWW, language please!

trades easing out at above 16p...

http://www.rns-pdf.londonstockexchange.com/rns/2312n_-2005-6-7.pdf

Hardman Information Brochure for June.

Bits pertain to us.

Came out at 11.30am but missed it.

There I go again...............

We need a moderator here prop!

you were self appointed 6 months ago. it is a job for life. no complaining.

I was??????????????/

Okay.

You with the stupid name.

Yes you.

Take 50 lines, "I must not write rudely"

I must not write rudely
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I must not write rudely
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Now behave yourself.

Of it's the leather strap for you my boy....................

Nuts, there I go again!

SWW, the lunatics are back in charge. welcome back to your post (with your equally mad self appointed second in command!)

I think we all have lost the plot & so has the market!

19p here we come ;)

ah sidtrix, we have just found the plot again. this is the thread as we know and love it - a bit bonkers with the odd recipe thrown in. (oh and sometimes some SEY news)

Sell 15.88 buy 16.20!

2.25 million printed

Found this on ADVFN, may have some interest for SEY holders, or people that hold both.



http://www.rns-pdf.londonstockexchange.com/rns/2312n_-2005-6-7.pdf

nive 500/- at 16.25 first thing

When I see other share prices go up & down on very little trades it makes me wonder why SEY price seems to stay putt when it's obviously one sided. Regards goal.

Was thinking the same thing.... so many ^&%*^%# buys and MM's keep it @16.16p!!!!

The price of oil affects most oil stocks, if one stays put when the price is falling them it is doing well, swimming against the current.

We have now had 3 days of dropping oil price and rises on each day, and now no movement.

I call that a good performance.

Of course if the poo falls tomorrow and the next day, I would expect Sterling to drop off too, it can't go on like this without something to gee it up a bit.

Mustang Island result if positive would be nice, I thought that was due 2 weeks ago.

No news is not a good sign.

Below from Reports and aAccounts 2004

The two active areas for Sterling Energy in 2005
are Mustang Island and Matagorda Island areas
of Texas State waters. These are areas in which
Sterling has excellent records, strong operations,
engineering and geosciences expertise. The targeted
reservoirs in these areas are lower Miocene and
Oligocene in age. These are in the most prolific
trends along the Texas gulf coast with typical
fields ranging from 5 to 200+ bcfge.
These fields have long (10 to 20 year) well
lives which are much longer than the majority
of the younger Gulf of Mexico producers.
Contribution from these reservoirs should assist
in balancing Sterlings production base with steady
long life reserves.
Sterling has identified extensive undeveloped
reserve potential within its existing producing assets,
especially in both Mustang and Matagorda Islands.
This drilling programme is under way. The Mustang
Island 749 GU No. 2 (Sterling: 100% working interest)
is expected to reach target in mid-May. This well
targets 5+ bcfge gross, proven undeveloped reserves
in the Oligocene, Cib Haz sands at an approximate
depth of 11,500, with upside potential of 15 bcfe
gross reserves.
Sterling will shortly begin a work-over operation on
the Eugene Island 268 No. 1 well. This re-completion
is targeting 3+ bcfge (gross) of proven behind pipe
reserves in two sands at an approximate depth
of 4,800. Sterling has a 60% WI in this well.

Hardman Oil Barrel article.

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1118282400&id=0&feed=oilbarrel_en&body=0&type=


This bit applies to Sterling.

The latest drilling programme included five 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. Drilling results were positive, meeting or exceeding expectations. Proven and probable reserves (2p) have been put at 123 million barrels. But Hardman is now saying the completion of the drilling phase removes one significant element of the forward risk project 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 per cent complete and the target date for first oil from Chinguetti remains first quarter 2006. With the Tevet-1 discovery made in October 2004 lying within tie-back distance of Chinguetti, production should be at least 75,000 barrels a day. Hardman has over 19 per cent of this so is less than a year away from becoming a substantial producer.

Of course with Sterlings approximate 4% plus 8%, that also applies to them.

.