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

nice 1 mil purchase at the close.....

Right.

Back to food.............

That's all for this week.

Back with a flourish next week.

Have a good weekend.

sww

you too guys...over and out
rgds
proptrade

Well what a week that was. May call for a celebratory drink this weekend! Looking forward to Monday.

Have a good one all.

Gav

From oilbarell.com

11.10.2004
Mauritania Continues To Perform For London-Listed Explorers
The first wells in the latest round of exploration and appraisal drilling off the coast of Mauritania have done nothing to tarnish this emerging oil provinces early promise. The initial results from Woodside Energys aggressive batch drilling campaign, which uses the West Navigator drillship for the upper parts of the wells while the Stena Tay drills the bottom hole target sections, appear to confirm that the Australian oil independent and its joint ventures partners, many of them AIM-quoted minnows that could see their fortunes transformed by the current drilling campaign, have invested wisely in the northwest African state.

The Tevet-1 exploration well in PSC B has encountered a gross hydrocarbon column of 114 metres, comprising at least a 70 metre gas leg and 44 metre oil leg. The well, drilled in 489 metres of water some 80 km southwest of the Mauritanian capital Nouakchott, lies within potential tie-back distance, about 10 km, of the Chinguetti oil development.

Woodsides partners in PSC B are Hardman Resources (21.6 per cent), BG (13.084 per cent), Premier Oil (9.231 per cent) and ROC Oil (3.693 per cent).

Charles Jamieson, chief executive of Premier Oil, which has flagged in the exploration stakes in recent months, described the well results as an excellent start to our drilling campaign in Mauritania. For seasoned explorers Hardman and ROC, this latest discovery promises additional upside for their investors.

The Stena Tay is now set to move to the site of Dorade-1 well in PSC 2 in order to drill the bottom section of the well. Dorade-1 was drilled in waters 1,670 metres deep some 165 km southwest of Nouakchott and 85 km southwest of Chinguetti. Partners in PSC 2 are Woodside (operator with 48 per cent), Hardman (28.8 per cent), ROC (3.2 per cent) and Tullow Oil (formerly Energy Africa, 20 per cent).

An appraisal well on the Tiof oil field, also in PSC B, has also been successful. Tiof-3, drilled in 1,198 metres of water some 25 km north of Chinguetti, encountered a gross column of 134 metres, in line with pre-drill expectations. The well will now be sidetracked to further test the reservoir.

The next batch of results will come from the Capitaine-1 exploration well and another appraisal well on Tiof, followed by further Tiof appraisal results and news from the Merou-1 exploration well.

Its an ambitious programme, although the E&A work will halt around November/December to allow the two rigs to focus on development drilling on the 120 million barrel Chinguetti oil pool in PSC B. Phase 1 of this development, thought to cost around US$600 million, will involve six production wells, four water injection wells plus a gas disposal well to inject the unused associated gas in Chinguetti into the Banda gas reservoir. The field will be produced at a rate of 75,000 bpd through an FPSO leased from Norwegian firm Bergesen Offshore.

The Stena Tay is expected to resume exploration drilling in March 2005 while the West Navigator continues work on Chinguetti through until the third quarter of 2005.

nice article to start the week. good weekend??

Anyone got any ideas as to why the sp is on the slide ? 18.25p when I last looked - hope we done lose all of lastweeks gains!

NP

small amount coming off the table. stock taking a breather.

Please tell me this is not going through the floor. I was so looking forward to buying a new Robin Reliant.

MS

PS I do tend to panic easily

it is hardly collapsing! you will have your car in no time, and may even be able to afford the 4 wheel version....(poor joke but the best i can come up with on a monday morning)

Don't forget, tomorrow is Tues. so hopefully another positive drilling update to shift everything up a gear!

No worries here.

If you recall the royalties for the rcoverable oil is between 2 & 4 dollars a barrel give or take.

From my last posting they stand to gain 7.5 million USD, so why would it drop through the floor?

No, protrade is right, it is tgaking a small breather, and tomorrow is Tuesday. These stocks do have a small variation up and down.

Sit tight!

Just be pleased you are not holding WLF!!!!!!!

Thanks for that boys feel better already. It does give you comfort knowing others are in the same boat. Getting greedy now instead of the Robin Reliant any chance of an Aston Martin DB9.

SWW, I will sit tight.

Good Luck

MS

adding time....

Afternoon all. Good weekend - no rain. 2 wheeled jaunts about South satisfying freedom requirements from daily grind. (this disallows anything of Prop's suggestion - unfortunately). See SP is retreating slightly, may collect a few more.

If the price is right, yes.

Ask below 18p should do it!

Thinking the same.

Well the ask is below 18p, but I may hang on a bit longer to see if I can get a better price, if not I'll take it.

price pullback to give it room to rise tomorrow...simple explanation but is probably right. lets see what the announcement brings.