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

i look forward to it!

Prop - still with it, but it is a game of self discipline. At times I could kill SEY but then sanity returns.

welcome back!

Still waiting patiently!

Poo bear and SWW are one and the same,SWW said some time back he would change to Poo Bear,any views.

he's barmy

Thanks Prop
Only blip I see on management action is the Nigerian intent but maybe I have become too cynical after a very long time in the international business arena.
However my instincts are to follow "the cash" so let us see what happens, so far so good.
Regards

Hello guys.

I did post my name change heer at some time, but no opne noticed.

seawallwalker no longer exsts for me, so say hello to poo bear.

As you note, poo bear if far more intelligent thatn seawallwalker, and quite a bit stuffier too.

He has the same probelms though with kids getting in the way of making money with stocks.

Ne''er mind, all looks good just now.

All,

Great day and excellent volume!

Hoping for more today, may top up.

Any, poo bear........ Is it still worth topping up with SEY?

jammee - it depends on what you have already and if you are have a strategy on how to deal with it.

I won't say no, but any decison must be yours.

Whatever you do, make sure you ivest only what you can afford.

Also bear in mind that you may wish to have a diverese porfolio.

Chinguetti: project now 96% complete and on schedule for first oil
during the second half of February 2006. The current operation comprises
installation of the production risers and flowlines, the last major
construction activity, and pre-commissioning ahead of production


Chinguetti: production build up anticipated through March, with peak
rates estimated by Hardman to be reached in April.

jimward, how did you get this info. Jimward, is there likely chance that chingetti will spring a surprise with additional oil capacity or are things relatively certain. I was just thinking whether the sp could still get a boost or has all expecations been taken into account? views welcomed

on the up chart looks good for a push on up for the rest of time to production ,sold half of mine had to get cash in for tax bill .old highs of mid 80p could see that again any Views ,i would like to get back my sold share.

Sold out last year, better performance else where in my mind, Chingetti already added into the sp so can't imagine another push from this field..

explosive, views taken on board but im sure that there is also an agreemnet with a big USA oil company in Madagasscar!

Cellby, you should get back on!!! just look at the trade volume each day, it is turning over in the millions and each day sees a certain amount of volatility with the day closing at approx 1-2% above on the previous. This has been happening for the last fortnight. So its a steady appreciation of the SP and nothing extra-ordinary which probably therefore goes unnoticed by many private investors. Thus I assume that perhaps a more steep sp appreciation could be possible especailly whne info on Maurintania is reflected in the accounts!!!!

jameel06
sorry I did not get back to you had to go help a pal at short notice for a couple of days he is not on line.
picked the info up on another bb.
I think (hope) the sp will go up when oil starts to flow.
I am a holder in these, if this companys income this year is to go up 5x the share price must shurely at least go 2x by the end of year. (my thoughts)

jameel006,

You have hit the nail on the head, SEY's .25p price rises are have been consistent, yet have largely gone unnoticed by the BB community, as they concentrate on those stocks such as VOG or Meridian, that have climbed precipitously recently.

I prefer slow and steady rises personally.

Chinguetti production to start next month

Monday, January 30, 2006

PERTH-based Hardman Resources says the Chinguetti partners - which also include Australian companies Woodside and Roc Oil - are on track to start production at this major offshore West African project in the second half of February.



Production testing at Chinguetti

Hardman said development of the Mauritanian oil field was now 96% complete and production was expected to ramp up during March and reach peak rates in April. Output then should be about 75,000 barrels a day.

Chinguetti's final budget forecast remains at US$705 million (A$935 million), with a continency of US$45 million (A$59.7 million), Hardman said.

Cashflow from Chinguetti would be used to fund the company's exploration programs in Mauritania and Uganda, according to Hardman managing director Simon Potter.

"Chinguetti production, bringing strong revenues boosted by the high oil price, is close at hand," he said.

"During 2006 we shall begin deploying these revenues to accelerate development of the group."

However, a cloud has been cast over the project with Chinguetti operator Woodside having been named in accusations of fraud and corruption against former Mauritanian oil minister Zeidane Ould Hmedia.

Last week, media reports said Hmeida had been imprisoned and was awaiting trial.

Reuters South Africa reported that prosecutors claim an amendment to a production sharing contract with Woodside that Hmeida signed in December 2004 reduced the share paid to the Mauritanian state.

But the Chinguetti partners defended the validity of their Mauritanian leases and production sharing contracts, after reports surfaced over the alleged corruption.

Operator Woodside and partners Hardman Resources and Roc Oil told the ASX in separate statements that discussions with the Mauritanian government were continuing over their PSCs in the country, but said this was normal.

Chinguetti is the first oil development in the impoverished West African nation, and the new government expects oil development to generate economic growth of 20% cent this year.

Despite fears the corruption allegations Hardman shares closed up 3.5 cents at $1.935 on Friday and opened at $1.95 today

Roc closed at $3.04 on Friday and opened at $3.07 today.

Woodside closed at $4.472 on Friday and opened at $4.580 today.