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 re 5227

Hear what you say.

Nam

Anyone aware or seen the EVO note with a 50p price target for next year?

SWW,

No, But i'd be grateful to receive a copy if anyone has one.

i have a PT note with a 120p target if anyone is interested?

Nearer to the truth I think, but when?

What's the target date?

I see your hand is still crossed with silver.........

Lucky heather anyone?

Don`t know if this is the one refered to September 23rd note

Sensitivity using an oil price of $50/bbl (five year forward curve) raises our core
NAV from 19p/share to 26p/share, and core plus risked EMV to nearer 50p/share

regards

That'll be it square.

Thanks.

On wards and upwards dear freind.

good weekend?

Interesting to read the Premier take on the latest drilling update - slight difference in emphasis to the Hardman report. The dreaded words 'plugged and abandoned'.

Premier Oil PLC

15 November 2005

PREMIER OIL PLC

('Premier')

Mauritania Drilling Update

Premier reports the following in relation to its operations in PSC Area B
offshore Mauritania.

The 'Stena Tay' rig drilled Labeidna-1 to the final total depth of 3080 metres
where the acquisition of wireline logs, including downhole pressure measurements
and fluid sampling, commenced.

A preliminary evaluation of these data indicates that the well intersected an
oil-bearing interval comprising an interbedded series of thin sands and
claystones. Late on 14 November 2005, the collection of oil samples was
underway. Additional wireline logs will be acquired to quantify the significance
of this discovery. A further announcement will be made when this analysis has
been completed.

Following wireline logging, the well will be plugged and abandoned as planned.

Good to note in the Hardman announcement that the Berg Helene has arrived on station.

Pondy

It appears PMO is doing 'well' today on update after the sell off yesterday, but SEY is having a minor sell day. A few panickers no doubt.

Nam

Well, you never know, when they drilled Chingueti, they thought they had not much............

Now look!

Keep hoping.

One tick off, as expected. Slow day.

Nam

At last!

Berge Helene on site and mooring, the start of a run here in due course I would hope.



Chinguetti Development Update

The Berge Helene FPSO has arrived on location at the Chinguetti oil field in
Mauritania and has commenced connection to the permanent moorings. This will be
followed by a series of activities including hookup and commissioning of water,
gas and oil systems. As previously announced first oil is expected in February
2006.

Nothing to worry about today. Did anyone spot that late buy mopping up all today's loose stock? Another 2.8 million shares now in safe hands.

Pond life,

Yes I did.

Article here talking about some Chinese majors looking to form some joint ventures in Madagascar. Very briefly mentions the SEY/Exxon deal.

"HONG KONG (Dow Jones)--Chinese oil majors are looking at forming upstream joint ventures in Madagascar to exploit newly discovered reserves on the island situated off Africa's east coast, says a senior official at Madagascar Oil S.A.

More than one Chinese oil firm has approached Madagascar Oil about the possibility of cooperating in oil exploration and taking a stake in the company, which was founded in 2004 and is eyeing a listing in London in the second quarter next year, said the official who asked not to be named.

"They (the Chinese companies) have very deep pockets. I prefer to work with them on the heavy oil projects because those are very capital intensive," the person said, but declined to name the Chinese companies that are in talks with the African oil company.

ExxonMobil Corp. (XOM), Sterling Energy PLC (SEY.LN) and Aminex PLC (AEX.DB) have already formed joint ventures with local partners since 2001 to develop oilfields on the island and offshore. Madagascar is expected to produce its first barrel of crude in 2007."

http://sg.biz.yahoo.com/051116/15/3wk27.html

Drifting, drifting.

Nam

Update on Labeinda-1 out.

PSC Area B: Labeidna-1 Exploration Well

The Labeidna-1 wireline logging and sampling programme and an initial evaluation
has been completed. The well is currently being plugged and abandoned as
planned.

As previously reported, the initial wireline and drilling data indicated that
the well intersected oil in the Miocene sand objective within a number of thin
sands interbedded with shales. This provided sufficient encouragement to
proceed with further wireline logging including acquisition of pressure and
sample data and high resolution logs necessary to better define which of these
interbedded units has adequate reservoir characteristics.

The logging and sampling programme has now been completed and the pressure data
indicates the oil is in two separate accumulations over a total column in the
well of approximately 120 metres. The high resolution logs and subsequent
reinterpretation of the 3D seismic data suggest the oil is reservoired in
channel margin or overbank sands. A sidetrack targeting interpreted channel
sands was considered but would not reach far enough to test interpreted thicker
and better developed reservoir. A separate appraisal well would more adequately
evaluate the discovery.

Labeidna-1 was drilled to a total depth of 3,080 metres and is located
approximately 15 kilometres to the south west of Chinguetti in 1,261 metres of
water.

Hardman's CEO Mr Simon Potter commented:

'This represents another discovery in the Chinguetti-Banda channel system. While
it is unlikely to be commercial at the Labeidna-1 location appraisal is required
to evaluate the commercial significance of this discovery. It's not unusual to
have reservoirs thin onto a salt diapir and our interpretation of the well and
seismic results is that thicker channel sands are located downdip and adjacent
to the discovery well. Our experience from the development drilling on the
nearby Chinguetti Field is that once we have a well to calibrate the 3D there is
a high chance of success in locating better reservoir channel sands in
subsequent sidetracks or new wells. This is within tieback distance to the
Chinguetti Field.'

This is better.

So much for ROC's previous dampener.

Indeed, a bit of good news to end the week on.