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

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i'm afraid i'm not a chemist or even an engineer or, God forbid, an accountant ..... i'm just a scallywag who happens to have a small amount of knowledge in even fewer fields

i have no idea what happens if you mix NAOH (caustic soda guys) with CO2, but clearly you do ..... however, i don't think that chilling and pressurising CO2 to liquid form can be THAT expensive, for otherwise there would not be a market

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but then i am very very old .... and if i was older still, perhaps i would be classified as a cad and a bounder, sir!

On a slightly related subject:

HELL EXPLAINED BY A CHEMISTRY STUDENT

The following is an actual question given on a University of Washington chemistry mid term.



The answer by one student was so 'profound' that the professor shared it with colleagues, via the Internet, which is, of course, is why we now have the pleasure
of enjoying it as well:


Bonus Question: Is Hell exothermic (gives off heat) or endothermic (absorbs heat)?

Most of the students wrote proofs of their beliefs using Boyle's Law (gas cools when it expands and heats when it is compressed) or some variant?

One student, however, wrote the following:

First, we need to know how the mass of Hell is changing in time. So we need to know the rate at which souls are moving into Hell and the rate at which they are leaving. I think that we can safely assume that once a soul gets to Hell, it will not leave. Therefore, no souls are leaving. As for how many souls are entering Hell, let's look at the different religions that exist in the world today.

Most of these religions state that if you are not a member of their religion, you will go to Hell. Since there is more than one of these religions and since people do not belong to more than one religion, we can project that all souls go to Hell. With birth and death rates as they are, we can expect the number of souls in Hell to increase exponentially. Now, we look at the rate of change of the volume in Hell because Boyle's Law states that in order for the temperature and pressure in Hell to stay the same, the volume of Hell has to expand proportionately as souls are added.

This gives two possibilities:

1. If Hell is expanding at a slower rate than the rate at which souls enter Hell, then the temperature and pressure in Hell will increase until all Hell breaks loose.

2. If Hell is expanding at a rate faster than the increase of souls in Hell, then the temperature and pressure will drop until Hell freezes over?

So which is it?

If we accept the postulate given to me by Teresa during my Freshman year that, 'It will be a cold day in Hell before I sleep with you,' and take into account the fact that I slept with her last night, then number two must be true, and thus I am sure that Hell is exothermic and has already frozen over! The corollary of this theory is that since Hell has frozen over, it follows that it is not accepting any more souls and is therefore, extinct......leaving only Heaven, thereby proving the existence of a divine being which explains why, last night, Teresa kept shouting 'Oh my God.'



THIS STUDENT RECEIVED AN A+

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Just re-read the SEY news drilling problems etc.
They are down to 3396 meters - I think the extended target depth is about 4100.
They are about to drill into the "targeted" Jurassic levels, and have encountered high pressure formation gas at 0.5% hydrogen sulphide ( which I think is not sour gas ).
They are going to try and eliminate the "surface pressure gas" ?
How do they do this. I do not know, but gas is down there at about 3396 meters, and they still have 800 meters to drill.
Dana Gas and Crescent Petroleum have a site directly to the west of SEY and they have encountered gas, and have "announced the start-up of natural gas production, processing and transportation by pipeline" . "The gas will supply new power plants under construction near Erbil and Sulaimaniya". Additional gas will be processed.
It seems to me that the SEY "targeted depth" and most promising levels may be the jurassic and triassic, which they would encounter soon, if they get the drill bit string recovered and back into action. It's a pity no oil was found in the cretaious levels, but let us not write this well off, it still has lots of "encouraging" potential.
One just needs the guts to stay with it or not, as this drilling has already been fraught with problems.
Yes - very high risk, but the SEY share price still has lots of good potential, for the patient. I am almost a "patient" with it at present.

Any polite comments ?

i don't think they're much interested in gas ..... it's oil they want and need and i really cannot see why any of you guys would want to buy into this tinpot company with a bad track record

I'm in for the rest of the ride.....I had doubts from the very start but because of GKP and HOIL and AXC having achieved great results decided to take a risk...at a loss but hey !.....there is a very big chance of a large gas find here which could send the sp skywards.....so will stay put but boy ! you have to be patient with this one...another thing is that : I think that the chairman was the boss of Emerald Energy and that was very well run so .....dont think that he would sign up to anything....

"i really cannot see why any of you guys would want to buy into this tinpot company"
I don't. I want to get out at break even or better! Sometimes, having a punt on a risky drill pays off. This one hasn't.

To break even Harry...double up !.

Of course that might work.

Then again you could be doubling your losses!

I'm expecting a surge forward on drillbit recovery......

I thought one should always average down on a rising chart??? It looks like a falling meat cleaver atm.

Why is the price up today ? Do insiders know something that we do not ?
Have they recovered the drill stem ?

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mnamreh - Maybe we shall have a RNS any time soon, after all the insiders know.
DES is Falklands, and all the world knows GKP have oil just about everywhere.
It would be good to see somekind of acurate valuation made for GKP in relation to the proven and probable reserves and the market capitalisation. Is it still cheap or what !

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Harry, one should always average up! Not down!!