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

Austing2253,

Thanks, I will buy today's Times and have a read.

Good that you have experience of the region, and presumably you recieve news from there too?

IYO is the security situation there as good as we are being led to believe?

Yes, they went for Xmas and new year. It is like another world. His family live in Ranay. The international airport in Arbil has just opened and there seems to be no problems at all. However there have been bombings in Mosul and Kirkuk.

I don't know how foreign workers will be accepted. The Baghdad Government is none too happy with the Kurds issuing exploration licenses to anyone, indeed they believe they do not have authority to do so. We will have to see what develops.

I believe SEY has plenty going for it without Kurdistan, that would really be the icing on the cake...

I topped up a while ago at .28p but as I hold for the long term I am unconcerned with recent SP falls. I am looking forward to retirement in a few years time.

HI EVERYONE
I AM A LITTLE FISH IN BIG WATERS BUT I CAN SWIM IN DEEP WATERS.
ANGLO-CANADIAN OIL AND GAS EXPLORATION COMPANY PANOCEAN ENERGY CORPORATION HAS HIRED INVESTMENT BANK ROTHSCHILD TO SELL ITS AFRICAN SUBSIDIARY FOR UP TO 544MILLION. INDIAN OIL COMPANY ONGC AND UK EXPLORER sterling energy ARE BELIEVED TO BE IN THE RUNNING TO ACQUIRE PAN AFRICAN ENERGY CORPORATION MAURITIUS WHICH THE COMPANY HAS CONFIRMED IT IS IN TALKS TO SELL. PANAFRICAN'S FACILITIES IN GABON, WEST AFRICA REPRESENT PANOCEAN'S ENTIRE EXPLORATION AND PRODUCTION CAPABILITIES, SINCE THE SPIN-OUT OF ITS NATURAL GAS ASSETS IN TANZANIA IN AUGUST 2004. A COMPANY SPOKESMAN SAID: "PANOCEAN CONFIRMS THAT IT HAS HAD PRELIMINARY DISCUSSIONS WITH PARTIES IN RESPECT OF POTENTIAL TRANSACTIONS THAT COULD LEAD TO A SALE OF THE COMPANY'S SHARES IN ITS SUBSIDIARY, PANAFRICAN ENERGY CORPORATION MAURITIUS. (source: sunday express dated 16/07/06). LITTLE FISH IN BIG WATERS SAYS: FISH CAN FLY. REMEMBER: IN ORDER TO WIN YOU MUST BE PREPARE TO LOSE. THIS IS WHAT MY GRAND MOTHER ALWAYS SAYS.

georgetrio,

Many thanks for posting that, and annoyed I didn't buy the Sunday Express yesterday now!

12 JUly 2006

Pan-Ocean in Discussions Regarding Sale of Shares of Subsidiary

St. Helier, Jersey Pan-Ocean Energy Corporation Limited (Pan-Ocean or the Company) confirms that it has had preliminary discussions with parties in respect of potential transactions that could lead to a sale of the Companys shares in its subsidiary, PanAfrican Energy Corporation Mauritius, which conducts business in Gabon. These discussions are part of Pan-Oceans ongoing commitment to enhance value for all shareholders, and there can be no assurances that any transaction will occur. The Company will update the market as circumstances warrant.

Pan-Ocean is an international energy company engaged in the exploration, production and marketing of oil and natural gas. Pan-Ocean's asset portfolio is focused on conventional light oil production in Gabon, West Africa. Pan-Ocean's Class B Subordinate Voting Shares and Class A Common Shares are listed for trading on the Toronto Stock Exchange under the symbols POC.B and POC.A, respectively. Pan-Ocean has 24,767,078 Class A and Class B Shares outstanding. The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release. For further information on Pan-Ocean, please visit the Companys web site at www.panoceanenergy.com.

For further information please contact:
Robert S. Wynne, CFO
+44 (0)1534 700906
+1 (403) 705-0304
rwynne@panoceanenergy.com
www.panoceanenergy.com


Source : http://www.panoceanenergy.com/investors/2006/2006_12_july.html

WELL DONE ANDY

JUST BOUGHT FEW MORE TODAY. KEEP MY EYES WIDE OPEN, LOOKING FORWARD FOR THIS LITTLE FISH IN BIG WATERS TO GROW FAST. MY GRAND MOTHER WILL BE HAPPY IN OTHER WORLD. NICE DAY TO ALL

georgetrio - good work, is there a chance you could find a link for your item or tell us where you saw it please?

sunday express dated 16/07/06 not available online but i am going to paper shop to see if i can get a copy of yesterdays paper ( see it to believe it you know )

Should be half price as it's old news!

HI EVERYONE
THIS IS THE LITTLE FISH IN BIG WATERS, HOPE YOU ALL HAVE A NICE DAY, TO GET THE SUNDAY EXPRESS DATED 16/07/06 PLEASE CHECK WITH YOUR LOCAL LIBRARY (NEWS PAPERS ARCHIVES). SHOULD NOT BE A PROBLEM.

georgetrio,
You are being read, no need for you to 'shout' :-)

Plummeting - what's up?

I reckon a bid is imminent for Pan Ocean Energy?

That'll cost a lot

544million plus..........

I wonder how much cash they have currently?

This will be a fantastic buying opportunity if that is what it is.

SWW,

Well the jury's still out, no RNS today. yet!

I have read that SETS had a problem yesterday, so that MAY account for the sudden drop, quite a few others fell too!



Madagascar, Mired in Poverty, Lures Exxon Oil Search (Update1)

July 18 (Bloomberg) -- Two-wheeled ox carts and decades-old Renaults choke the cobbled streets of Antananarivo, Madagascar's capital, reminders of how slowly the country has advanced since independence in 1960. Now the government is auctioning oil drilling rights to improve the lives of its 18 million citizens.

The tripling of oil prices since 2002 and new technology that can reach oil deposits more than 3,000 feet (914 meters) under the sea have revived the Indian Ocean island's hopes for an energy boom after previous finds proved unprofitable.

``The potential for oil is very, very big,'' says Hugues Rajaonson, head of the energy and mines ministry. ``The sector could contribute 15 percent of GDP within five years.''

Exxon Mobil Corp. and Britain's Sterling Energy Plc plan to drill in Madagascar, where the government says offshore basins may hold as much as 5 billion barrels of oil, enough to meet U.S. needs for a year. President Marc Ravalomanana promises to use oil money to reverse the fortunes of citizens who earn less than $1 a day on average and have a life expectancy of 57 years.

The opposition National Party has criticized Ravalomanana, one of the country's wealthiest men, for being too close to international investors and awarding government projects to his own company through no-bid contracts.

Irving, Texas-based Exxon, the world's biggest oil producer, says areas off the coast of Madagascar may hold as much petroleum as West Africa, the company's largest source of crude.

Surging Prices

``We like what we see in Madagascar,'' Chief Executive Officer Rex Tillerson said March 7 at a press conference in New York. The country's geology is similar to Nigeria and Angola, sub-Saharan Africa's two largest oil producers, he said.

Instability in the Middle East and surging demand from emerging economies such as China have prompted oil companies to extend their search for reserves to places once dismissed as too expensive. Record-high crude prices have made it profitable to exploit previously unviable fields. Oil rose above $78 a barrel last week on concern violence in the Middle East may cut supply.

Madagascar has awarded prospecting licenses to nine companies, including Exxon and Sterling, and plans to auction 143 more offshore permits by November. Royal Dutch Shell Plc, BP Plc and Total SA have approached Madagascar about bidding.

It is still a fantastic buying opportunity.

That item shows tons of confidence by Exxon in the Madagascar licenses.

Bit of a good clamour by other Majors too.

hello boys and girls...hows trix?

Maybe this link caused the share to jitter a bit, we should know already.

http://www.forbes.com/markets/feeds/afx/2006/07/19/afx2888853.html

Possible.

There is a lot of mention of 30ishk bopd, and someone may have confused the issue.