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

Do you know, I can recall a time when you lot were up early.

Obviously been too sucessful over the last 12 months if you can afford to lay in bed like this!

Up at 5.45am all this week - out and about, back now. Good solid results, but tacit warning H2 to come not much improved on H1 and 1.1m Perth closure will dent profits considerably.

A pretty stunning portfolio of operations for such a small/young company - which as you say says it's all to come - roll on Chinguetti revenues which will be the step up referred to in H1 2006.

SP may go either way today - especially as Rita heads for Galveston, whether 4 or 5 strength.

sd

up at 6.00 am every morning you cheeky bugger!

saying that CSB and CMB have enabled a little less focus this year....

results are as expected. all to look forward to as stated above.

Morning all, up at a reasonable time every day I am! Just had a quick skim over the results, will read them in more detail over the weekend but look ok to me. Anyone seen anything from Evo's yet? Wouldn't expect any big moves in the sp today.

Just found this on Google:

Sterling Energy 1H Reveals Solid Progress

Friday, September 23, 2005 5:36:56 AM ET
Dow Jones Newswires



0924 GMT [Dow Jones] Sterling Energy's (SEY.LN) 1H results "reveal solid progress and we expect a similar 2H 05," says Evolution Securities. "However, these results should pale into insignificance when the Chinguetti field comes on stream in 1Q 06." Reiterates buy rating and 32p price target. Shares flat at 18.75p. (SMT)


Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com



(END) Dow Jones Newswires

September 23, 2005 05:24 ET (09:24 GMT)

18.75 bid

From Citywire today:

Shrewd favourite produces Sterling first half

Published: 11:23 Friday 23 September 2005
By Graeme Davies, Investment Correspondent

Long term Citywire tip Sterling Energy, a favourite of shrewd fund managers Derek Stuart and Giles Hargreave, has confirmed a strong first half although the second half could be impacted by the after effects of the devastating Gulf of Mexico hurricanes.

Sterling has gas production facilities in the Gulf and although it has not sustained any particular damage itself the disruption in the region has not helped.

However the gas production underpins an exciting exploration project principally focused on West Africa which, according to the company, should produce a step change in its development in the next six months. Sterling has 10 new wells planned over the next year in West Africa and the Gulf of Mexico.

First half profits came in 83% ahead of last year at 2.4 million after a 20% increase in production. Average realised prices rose by 11% and this figure can be expected to rise more rapidly in the second half. Sterling has deliberately held back from forward selling much of its production so as to benefit from the soaring prices paid for gas at the moment.

Shares in Sterling have added 0.25p to 19p. Citywire tipped Sterling at 6.75p in April 2003 after Marlboroughs AAA-rated Hargreave took a stake.

He still holds 8.5 million shares in the Marlborough Special Situations and Hargreave Hale UK Growth funds . AA-rated Stuart has 45 million shares or 3.2% of Sterling in his Artemis Special Situations fund and A-rated Mark Slater holds 10 million shares in the Marlborough Slater Recovery fund .

With solid production in the Gulf of Mexico piped into the US market underpinning the company, it is attempting to add some spice through its West African exploration programme. The much-vaunted Chingeutti field off Mauritania is expected to begin pumping oil early next year and will rise to a peak production of 75,000 barrels a day, of which Sterling has an 8% interest and a further royalty agreement on each barrel.

Elsewhere offshore Mauritania Sterling has an interest in the Tiof field, which is considered to be bigger than Chinguetti. It also has plans for a drilling programme in AGC, the joint zone between Senegal and Guinea Bissau and Gabon although it recently a dry well there.

In Madagascar, Sterlings interests are considered to have significant potential, illustrated by the agreement in July that saw ExxonMobil farm in on both its blocks there. Sterling now has a 30% interest with much of the development work now down to its larger partner.

Citywire Verdict:

Bearing in mind the current commodity prices, Sterling is ramping up its production at just the right time. Its solid Gulf of Mexico business underpins the company and its West African interests give it significant potential upside. Should the step change its chief executive Harry Wilson is talking about happen in the second half and beyond, we should also see a similar step change in its share price. Hold on.

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=77234&MenuKey=News.Home

Evening all

evo have new note out

regards

Evening Doc, have you seen it? Am trying to get a hold of it. If I do I'll let you know.

gavdfc

go to the link below and register but do not register as a private invester then you will have access to all company notes.

http://www.uk.evosecurities.com/home/home.aspx

Basically a rehash of the interims with the following final comments:-

1) Chinguetti on stream will make 2005 numbers pale into insignificance.

2) SP underpinned by NAV of 19p with oil at $35pbl - at $50pbl NAV is 26p

Strangely target is still only 32p.

Hold tight for great rewards next year.

sd

Stockdog, EVO's target of 32p is based on an oil price of $35 at $50 they give a value of 50p. Oil is sticking above $60 currently so that $50 value looks good to me. At 50p per share or anything like it, I'll be buying myself a new pond!

Me - I'll be buying myself a new Life!

Sterling Energy which has gas production facilities in the Gulf will drop in the midst of damages done by Hurricane Katrina and Rita and possibly more hurricanes to come...Sell

It (company and SP) has survived Katrina. Rita seems more of a direct hit on operations nearer the Texan coast, but has she not abated somewhat over the last 24 hours?

hlyeo98 - something evidential to go on or is that just how you feel?

ee on tmf says, "SEY have a couple of blocks [52/53] in the High Island area. According to the actual track of Rita [as shown on Rigzone], Rita's track was about 40 miles east of those blocks.....so damage is quite possible.

OTOH it looks like their more important[?] Matagorda blocks escaped completely.

Onshore it would seem that refinery damage may be more limited than feared? Only these seem likely to be hit hard:"

Well, that's the prospect, but what is the reality?

Bearing in mind the storm decreased to Cat 3 which is 120mph winds I would say there a possibilty, and then of course have they coped with the surge?

Find out in next weeks thrilling episode.

Remember, anything may or may not happen including nothing.

Pessimist or optomist, what will I be today?

SWW

Not that I know anything about anything but if the Rita passed to the East of High Island then the winds on the west side of Rita would be slightly weaker.

But as you say see next week.

Could be worse could be shells contracted rig the one that keeps going walk about by itself

http://www.rigzone.com/news/article.asp?a_id=25508

Hate posting twice in a row

Nice RNS out sounds very promising

and very nice write up on Oil Barrel note more to come on damage assesment today.

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:112770000009&feed=oilbarrel_en

Regards

thought i would post the RNS considering that is the reason for the 4% rise today!

rgds
PT

Hardman Resources Limited
26 September 2005

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 26 September 2005

AUSTRALIAN CONTACT: Simon Potter
Hardman Resources Ltd
+61 8 9261 7600

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

RE: MAURITANIA DRILLING PROGRAMME
TEVET-2 APPRAISAL WELL UPDATE

Hardman Resources Limited ('Hardman') provides the following progress report on
the Mauritania offshore drilling programme:

PSC B: Tevet-2 Appraisal/ Exploration Well

Progress and Current Status:
Since the last report on 20 September 2005 the Tevet-2 well has been drilled by
the 'Stena Tay' rig to a depth of 2,785 metres, the base of the Miocene channel
sand appraisal objective.

Preliminary analysis of drilling and wireline logging data indicates that the
well has encountered gas and oil bearing sands of similar thicknesses to those
at the Tevet-1 discovery well. A full wireline programme is currently underway
and when this programme is more advanced we will comment on the significance of
the oil pay encountered.

Well Location and Objectives:
The Tevet-2 well is located 2.5 kilometres to the south of the discovery well
Tevet-1, and lies in a water depth of 466 metres. The well is a combined
appraisal and exploration well; it is designed to appraise the Tevet Miocene oil
discovery and also to target a deeper Cretaceous exploration prospect. The
planned total depth of the well is approximately 3,965 metres.

Hardman interests in PSC's A, B and the Chinguetti field are:

PSC B PSC A Chinguetti Field (EEA)
Woodside (operator) 53.846% 53.846% 47.384%
Hardman 21.6% 24.3% 19.008%
BG Group 11.63% 13.084% 10.234%
Fusion/Premier 9.231% 4.615% 8.123%
ROC 3.693% 4.155% 3.250%
Groupe Projet Chinguetti - - 12.000%


All reported depths (except water depth) are referenced to the rig rotary table
(RT). Hydrocarbon shows will be only be reported after all required logs have
been run and evaluated, although Hardman will release weekly updates on the
exploration drilling campaign.

Times and dates refer to GMT (Mauritania time), 8 hours behind Western Standard
Time, Perth.