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

SWW,

At the AGM they suggested the resoure MAY be larger than first thought, but were unable to confirm yet.

Maybe they are about to?

Through the 18.75p level at last and closing on a high - looking good for tomorrow.

Lowish volume, but some nice size trades in there today.

sd

Thanks Andy.

That would be an answer.

nice early bids...

Well, you know what they say - the early bids catch the woms!

EXCELLENT NEWS:



Thursday July 14, 9:13 AM
Australia's Hardman: Tiof Oil To Be Declared Commercial


By Stephen Bell
Of DOW JONES NEWSWIRES

PERTH (Dow Jones)--Australia's Hardman Resources Ltd. (HDR.AU) said Thursday that partner Woodside Petroleum Ltd. (WPL.AU) may declare its one billion barrel Tiof oil field offshore Mauritania "commercial" next month.

The effective go-ahead for Tiof - although subject to a final investment decision by the partners - is expected in August or September, Hardman chief executive Simon Potter told journalists.

In a further boost for the West African venture, Potter said that the US$625 million Chinguetti development may start pumping oil sooner than expected.

Chinguetti is around 80% complete and due to begin production in March. But Hardman has "increasing confidence that we'll start up earlier in the first quarter", Potter said.

With oil prices surging to around US$60/barrel in recent weeks, an early startup for Chinguetti would be a bonus for the Mauritanian partners after a recent cost blowout.

Woodside said in May that the cost of the 75,000 barrel of oil per day development may rise by as much as 10% because of higher-than-expected drilling costs.

Woodside is operator and owns 47.4% of Chinguetti. The other participants are Hardman with 19%, the Mauritanian government with 12%, U.K.-based BG Group PLC (BRG) with 10.2%, the Premier (PMO.LN) group of companies with 8.1% and Roc Oil Co. (ROC.AU) with 3.3%.

Discovered in 2003, Tiof will cost more to develop than nearby Chinguetti, mainly because of a greater number of development wells needed, Potter said.

In the case of Chinguetti, Woodside declared the field commercial in January 2004, prior to a final investment decision by the joint venture four months later.

Analysts believe around 30%-40% of Tiof's one billion barrels of oil in place may be recovered, depending on how well the field's individual reservoirs are connected.

A Woodside spokesman was not immediately available for comment on planning for Tiof.

Field Partner BG Group May Have M&A Aspirations

Turning to the upcoming Mauritannia exploration program, Potter said that the first well will target at least 130 million barrels of oil in the Sotto prospect.

But Woodside's estimate for Sotto may be a "little light", Potter said.

"Our technical view is that it is larger than what Woodside is saying," he said. Broker UBS has previously estimated the target size at 150-250 million barrels of oil.

Sotto-1, around 50 kilometers south of Chinguetti, is due to begin drilling July 31.

It is the first of a proposed six-well program this year that will also target the Colin and Espadon prospects.

Woodside and Hardman are hoping to rebuild confidence in the exploration upside at Mauritania, after a moderate program last year that returned three dry holes along with the Tevet discovery.

Potter said that potential predators are likely "running the ruler" over Hardman, attracted by the prospect of further exploration success and the looming startup of Chinguetti.

He declined to identify likely suitors, though market speculation earlier this year focused on BG Group, a minority partner in the Mauritania venture.

Any predators may have to factor in a rising share price for Hardman, Potter said.

"Once we've got an income stream (from Chinguetti), we'll definitely be re-rated," he said.

Hardman shares closed up two cents at A$2.36, valuing the Australian company at A$1.55 billion.

-By Stephen Bell, Dow Jones Newswires; 61-8-9245-5120
stephen.bell@dowjones.com
-Edited by Ian Pemberton

Excellent find prop.

I have repeat posted elsewhere where they do not have it, but I see some are sneaking in here abnd doing the same.

All good, say hello some times..........

thought i was all alone on the thread today!

it has been a while SWW. how are things?

i have been in and out of a few names and am now quite plugged into Cambrian (CBM). also long Crosby (CSB) and ARX. For my sins i have also purchsed some SEO!

apart from those am trading some proper stocks in the ftse/250 arena and like the look of AMEc, CKSN, FKI and EGG.

Can you believe my baby was 6 months old two days ago. where has the time gone!

always good to chatter, love to hear an update on thoughts, family and cooking

rgds
PT

prop your never work alone.

Ha.

I am always here, even when you are it seems.

I hope you are still not gettingg much sleep, but I have an inkling you are, you monkey!

Nice to see you array of stock, I am little different ever, I have some cash with which I am waiting for the price of oil to drop enough to make it worth buying some more stck, but I am not too worried if it dosen't.

Apart from that I am really pleased with what is going on here, it's a long haul but it is again paying off with grand prospects.

Apart from that, nowt.

not even a recipe??

actually if you like prawns i have the BEST simplest meal of all time:

loads of raw prawns and scallops (and mussels even)
1 red onion
2 cloves+ of garlic
8 organic tomatoes
half tin of tomatoes
couple of teaspoons of tomatoe puree
massive handful of coriander

ok:

use a la cruset (sp!) casserole dish

heat up the onion and garlic in a few tablespoons of oil for a few minutes

add the raw seafood for a couple of minutes (smells amazing right!) plus a bit of pepper

then add the raw (skinned and chopped) tomatoes, give a good stir for a couple of minutes

add the tin (half) and some puree

reduce for maybe 5-7 minutes bubbling away.

just as you are about to serve stir in the coriander, add some pepper and cover. take to the table and wow the family with what must be one of the easiest and quickest dishes of all time.

serve with white crusty bread or rice

by the way tastes even better the next day.

enjoy....

Frankly I prefer prawns with cold custard.

Looks like Simon Potter has had his knuckles rapped for your report prop.

Hardman shares were suspended in Oz last night for a while, and then he issued a retraction concerning Tiof.

He is looking for the culprit who posted it on Moneyam, and I gave him your name.

He's coming round later to err..... Persuade you not to post him in an immature light again.

(All imo and based on Hans Christian Anderson writing style of course).

Clarification of Media Report

well i think the market missed the report and the retraction!

they are just playing it safe....

by the way i really recommend the recipe!

Yes, the prawns with cold custard went down a treat.. thanks SW.

after all the effort into my recipe writing...i get trumped by prawns and custard!

Up 1.30% at the mo I wonder if it will stay blue by the end of the day?

19.25 bid! (JEFF)

I think you are right prop, about the report and retraction not coming to market.

I think that Simon Potter was probably quoted though, on an off the record conversation, there being no smoke without fire, and the comments in the report were quotes from him.

There are shades of the Tiof /Woodside denial here, where Woodie eventually had to come on board with what Simon Potter was saying about the potential size of the field.

There are Companies sniffing around in the merger and aquisition arena, and as we know Hardman and Sterling were tipped as being taken out this year, plenty of pundits gave that message out at the start of the year, and it makes sense to do this before Chinguetti starts producing, and Tiof is declared commercial.

ROC rose late last week on takeover speculation, that did not filter down to everyone because of the events, so there is quite likely something in the air.

A good wait and see job imo.