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

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.

scary but until we know there is no bad news and could tick up with an all clear.

are you back in SWW?

No, but I need to be as there is alot happening in the next few weeks, including the free c arry with PMO, I am playing a bit of trading brinkmanship...........

I wont be long, may be today

Looking at the chart, there was a distinct double top in the second half of July at 20.5p with an interim trough of 19.75 - which would indicate a subsequent retracement to 19p which is what we have seen lately. I think it is highly significant that we have remained above the double top resistance turned support of 18.75p of March/April after bouncing off it on the first slight overreaction after the double top. The last 5 days' drift downward has been on very minor volume - so no one seems to be reacting knee-jerk-wise to hurricane Katrina.

Given the coup in Mauritania and the hurricane in GoM (I assume that SEY are amongst those who shut in production until the storm's passing - is this correct, anyone know?), I reckon the SP is showing a good deal of resilience, deserved IMHO by the strong management and cash producing assets, whilst we wait for the highly prospective W. African assets to come on stream next year.

I can well understand SWW waiting and watching for a better buying opportunity under the circs, but as an existing shareholder I can see no reason not to continue to hold. I anticipate we will continue in the 19-20p box until there is further positive news. When are the interims likely to be forthcoming?

sd

Stockdog,

I spoke to SEY this morning, and they did indeed shut in production until the storm had passed.

They said they would need a couple of days before they will know if their facilities sustained any damage, and will RNS any significant news, if there is any.

Andy
Seems a totally necessary pre-caution, but they seemed to sound quite relaxed about it from the tone of your post. Thanks for finding out.

sd

Thank you for the info Stockdog.

stockdog,

thanks.

Interims end of September last year.