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 have done the same but I think I have learned to take the hits sooner and more cheaply by now.

Glad to hear it SWW, especially re the profits! Hasn't had any puppies by any chance that I could look after during these turbulent times?!

arguably not too late to short NRK or to buy POG or IEC

been away have we it oil.or gas or anything.only 3p and i will be level.

SWW

Thanks for your input ref BKP have to agree. just wondered if it was the same age rock they tarketed in 20 from memory it was the cretasous?

Anyway sorry not me that you saw has a better arse mine would be hitting the ground out of the strapping. genes and a tight pair of pants with uplift and inlift for me :-))).

Regards

As this slipped onto the next page for me, this is yet a fuller answer for you Square.



Yes it is the same play i.e cretaceous.

From now more detailed research it looks like the trap had perforated due to faulting, and therefore the HC's were not present in quantities.

That in itself does not therefore reflect on anything of the same type of play within the same basin, i.e Chinguetti, Tiof etc.

I would still hold back from anything else there just now.

Heron Head although different in structure looks like Chinguetti at 90 degrees........remarkable.

Thank you SWW.

Will watch with interest over the coming years as the on land drilling gets more geared up. Think I will take on board your comments on a wait and see approach.

Regards

Oil stocks are starting to move. DGO has started a correction...
I hold SEY shares bought at 31p

Buy any more at 10p ahoj?

yep at 16.7 and 11.

Could soon be back in the money then ahoj :-)
I bought at just under 10p brought my average down nicely...one of my lucky moves...as long as we bore the holes in the right places!

oil has risen another 20%, in fact about 80% since the start of the year, but SEY hasn't moved yet. I think 30p is a fair price for this IMO

blue sky and black gunge are very different ..... the former is merely hope while the latter is reality!

What do you mean SEY hasn't moved yet ahoj? It was under 10p a few weeks ago and has risen by 50%!

Further to my last post, I have taken my profit and am watching.

There\'s loads of possible up movement to come, on the other hand there could be loads of downward movement.

I am not greedy, I will leave some for the Institutions.

Cash into National Savings Bonds.

http://moneyam.uk-wire.com/cgi-bin/articles/200711121220544965H.html

25% increase in production over the first half should increase turnover and income substantially. Profit to be much higher IMO.

Dr S .... while i guess there's not much wrong with SEY as E&P minnows go, i really cannot get that excited about it, even if i dare say it will come right in the long term ..... however, that will require the discovery of some decent oil deposits.

imo, SER is a much better bet for immediate gratification

Thanks Cynic

I do have to disagree as we already have major oil but just not developed in Mauritania,will Petronas change this? The Kurd PSC is interesting, and the possible advance of Madagascar into end of 2008 ? near term there is Thunderstud but personnel I am not hopefull on this.

Thanks again for your comments

Regards
Will have a look at SER

mea culpa ..... as you know, SEY is not a stock i follow, but i thought Chinguetti had turned into a white elephant and all the big boys had walked away .... have i missed something?

other than that, "possible" and "not too hopeful" will do nothing to inspire market confidence