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

Pond Life,

thanks, I will do.

Funny you should say that, I was at Oilbarrel last week, and EPG presented!

I agree, that the CBM project in france looks good

pond life, thanks i will look into epg and hep!

Cynic, I would luv to volunteer for the bum smacking. a bit hard to start off with and then by all means gentle ones to finish would do me just fine..lol

I fear you ain't pretty enough for my attentions Jameel.

dont worry I dont swing both ways yet! Although if u tempt me I might..lol

ouch.

From 33 to 25 in two days! and oil price around its highest levels ever.
Less than 5M traded and 16% down.

whats gone on here? Seems illogical

Its shocking how it can behave like this, I think the investors just panicked big time, with all the hype on what the market is going to do forgetting about everything else, like you said the oil price is still high, so SEY will still generate masses of cash. I have searched everywhere on net to see whats behind it and there is nothing for explaination. I am tempted to get some more, its too cheap!!

rR88VE

r88ve. just got in under 29p! Good buy will sit on this. andy thanks for views yesterday

The whole market's down again today, and the MMs have marked everything down as a protection. So I expect a lot of stop losses have been hit causing a self-fulfiling reaction to the mark down. Nothing to be done now except sit tight. As to buying more - you'd be a brave man whilst the whole market is looking dodgy!

Jameel06
I got in at 27.5p, damn should have the guts to buy at 25p!

Stockdog I cant see this shares going lower than pre April price when it was around 22p or something...thats way too cheap IMO.

R88ve, I couldnt sell eo. in time to get in! capital locked in every where! But I changed strategy and made loss one one to get in cheap on this mother! I hope it does well or else my wife will have me OUT!

Jamee, I think it will recover your losses on other, have hope!!
My first lots were at 24.5p, with all the talk that this baby will go to 1 this year, i still think its a bargain now, which is why I am fishing around because its a good time to hunt for bargains and SEY is defo one of them....Dont forget it reach 33p to buy last week, its no way near peak yet!

going down again

I think many limits were broken without warning. It will be healthier now. 72 to come IMO

ahoj, what u mean 72?

Just what we needed on a day like this. errr... not! Just about puts the tin hat on things today.


LONDON (AFX) - Hardman Resources Ltd said production at the Woodside-operated Chinguetti oil field, offshore Mauritania, for the period May 1-10 has fallen to an average of 45 mbopd due to a 'minimal contribution from the two production wells in the northern part of the field and gas and water management issues.'

Production from the field averaged 66 mbopd for the month of March and 53 mbopd for April, according to Hardman

Production from Chinguetti is not expected to increase significantly from the present level until well intervention or additional drilling takes place, Hardman said, adding that 'such remedial actions are currently anticipated by end of the third quarter or beginning of the fourth quarter 2006.'

The company said the failure last week of a gas compressor onboard the floating production, storage, and off-loading vessel Berge Helene will further delay the commissioning of gas re-injection to the Banda field and therefore resolution of gas handling issues, as well as the availability of gas lift to support production.

The group stressed that 'anticipated operating cashflows from Mauritania will remain robust given high current oil price realisations despite the lower production from Chinguetti.'

$72 for oil which might move SEY to 72p. Who knows when, maybe this year.

If you look at the shares that dropped the most today it was the ones which have risen the most recently.Twice as manys sells as buys. I think the post about mm's dropping the price and stop-losses being taken out, which in turn gives the mm's another reason to drop the price i.e. more sells was a good one. However, there's no doubt also some profit-taking. I've been watching sey since about 19p, this current rise seemed to accelerate from about 23-24p so it's been one hell of a rise very quickly. Profit-taking's inevitable I would guess.

I suppose it depends what happens in America today for a start. Optomistically, it could just be a blip which clears out the hype and gives the market a stronger base from which to start its next run up, but I wouldn't like to bet on it. I think as long as the shares one holds have good valuations then they should recover okay.