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

unch at the moment. SWW are you back in or looking for weakness to dip your toe in?

make mine strong no sugar please. any jam?

Erm yes..........

Tiptree Strawberry, I'm looking for weakness, and thismay do it, down 1/4p since yesterday.

relaxed in the paddock me....

i have to say that in light of the political uncertainty, a dry well and these still holding i would be surprised to see too much weakness. in fact i think any kind of good news could see these motor through 20.

SWW, you of all people know the potential but i am also acutely aware of the fact that everybody has their own risk appetite. i have always maintained in other stocks where there is uncertainty that i would buy on factual news and pay 10-20% more for that level of certainty. maybe it is the case here as well.

ultimately i truely believe this to be a takeover target in the next 12-24 months once the drilling program is more advanced. we may see 15p before then but equally we may see 25p. happy being a holder at this level right now with a considerable cushion from my average.

right now, if i were not a holder, i would probably average a quarter of my normal position size and average in some more on the way up or down. back the management....

next diatribe in an hour...

rgds
PT

Down .25 on the offer. At least Iboga 1 has spudded so lets see some action from Gabon at last. Now who mentioned a cuppa...

Just found this:

Sterling Energy Mauritania Deal Is Valuable

Tuesday, August 23, 2005 6:07:52 AM ET
Dow Jones Newswires



0958 GMT [Dow Jones] The value of Sterling Energy's (SEY.LN) unique position in Mauritania should not be underestimated, says Evolution Securities. Notes initial failure of the exploration programme in the region but points out that the well has been drilled at no cost to Sterling as its farm-out deal means costs were paid by Premier Oil (PMO.LN). Says the deal means "upside exposure without financial exposure." Feels Sterling Energy's shares look attractive and pegs target price of 32p. Maintains buy rating. Trades -1.3% at 19.5p. (DWE)

http://www.newratings.com/analyst_news/article_982068.html

Hello.

Nice breakfast and lunch.

Fantastic dinner although I think I have now eaten the last chicken.

Now I may well be back tomorrow, I have not seen the confirmation of normal services that I was looking for, but things are coming ontop now and I don't really want to be out.

I am also looking at AEX craefully and GBP. I am aware of recent deals in those areas.

If HNR drops a bit more I will track it and buy in at what I see as the low I already hold stock as my free carry there.

Nice bottle of Penfolds to round off the day.

Back tomorrow if you are really not very lucky.

Sleep tight.

Hardman dropped over 2% again in Oz, so it will happen here too. All that in the face of near record prices for oil again.

I'll watch today and see what happens when the inventory figures come in this afternoon, but I think Sterling may lose a bit more ground today.

Seems that Goldman's have reduced by about 1.3m.

http://www.companyannouncements.net/cgi-bin/articles/200508241521514521Q.html

Small potatos but nevertheless I am still out and still waiting.

It went down as I thought, more thoughts in the morning if I feel again inspired.

Hardman went up, so we dont follow the OPz market.

Huh!

Hurricane Katrina

Will again miss Sterling Energy assets in the Gulf of Mexico.

Other platfirms will not be so lucky.

Thunderhorse may be in the path still.

POO is over $67 again, look out for $70 this week.

well, in NY today for a short trip and checking in for the latest SEY news!

Hurricane Katrina...i fancy her.!

She's a Russian one.

That means not as fearful as we all first thought.

Just heard on CNBC that the hurricane should enter the GoM then move back into Florida, it will miss the oil platforms. No doubt there will be another one along soon, sort of like a bus! Start guessing the name, to begin with L! Lucky you in NY!

Found this interesting, but no surprises. http://edition.cnn.com/2005/BUSINESS/08/28/oil.pricemonday.reut/

I believe this now affects Sterlings assets.

http://www.usatoday.com/weather/graphics/hurricane/hurricane2005/flash.htm?strmName=Katrina&strmNum=strm12&tabName=a

It certainly affects Eugene Island.

Eugene Island

To a lesser extent High Island

High Island

"Katrina prompts Gulf evacuation of 711 rigs, platforms: MMS
AFX


SAN FRANCISCO (AFX) -- Hurricane Katrina forced the evacuation of 711 oil and natural-gas rigs and platforms in the Gulf of Mexico, according to the latest update from the Minerals Management Service. About 91.7% of daily oil production in the region, or 1.38 million barrels per day, and 83% of daily natural-gas output, or 8.3 billion cubic feet, have been shut in, the MMS said.



This story was supplied by MarketWatch. For further information see www.marketwatch.com."




Sterling are not normally forthcoming with bad news.

I wait for a better buy in price or not at all.

Drilling update out nothing of immediate interest

regards

More importantly, no hurricane effect

morning all. the ususal...disaster expectations and then the all clear!

how is everyone?

That's interesting, the link provided did not say the quote I posted here, so I have removed it pending further investigation.

Anyone seeing this will not know what I am on about, but don't worry.