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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

seawallwalker - 18 Oct 2004 16:10 - 855 of 7811

Micky, so that you are well catered for this coming Christmas, I have decided to send you the left overs from the dinner, and a nearly empty bottle of Champagne from the New Year celebrations.

I hope you enjoy anything you can find in that lot.

The Other Kevin - 18 Oct 2004 16:18 - 856 of 7811

Mickey - Boil the bone for broth, add seawall's leftovers and you could live off that for a week!

proptrade - 18 Oct 2004 16:18 - 857 of 7811

this is turning into such a giving thread...enchange of ideas, rumours and leftovers.

i am proud to be am member of team SEY!

sandrew64 - 18 Oct 2004 16:23 - 858 of 7811

And when I think of all those apple cores and peelings I so thoughtlessly just threw away.

gavdfc - 18 Oct 2004 16:37 - 859 of 7811

Team SEY, nice! Got a good ring to it! Looking forward to a tasty drilling update tomorrow. You've got to love Tuesday mornings!

proptrade - 18 Oct 2004 16:41 - 860 of 7811

it will have an even better ring to it when they strike! i might consider a parade through london atop a single decker bus

seawallwalker - 18 Oct 2004 16:42 - 861 of 7811

Provided mikey is ever so humble he can come too!

proptrade - 18 Oct 2004 16:51 - 862 of 7811

we will have a whip-round and he can pay his way by driving the bus

gavdfc - 18 Oct 2004 16:53 - 863 of 7811

I'll bring an old carcass for his dinner.

proptrade - 18 Oct 2004 16:55 - 864 of 7811

he is probably salivating at the prospect

mickeyskint - 18 Oct 2004 17:16 - 865 of 7811

I promise I'll behave myself if I can come too and I'll supply the packed lunches. Made from all your wonderful recipes and sww's champaign. PT to supply the rennies and gavdfc the lactulose. That's the stuff that makes you go. By the way I'll hold the key to the loo door so we'll have to talk terms or leave a small deposite.

Why can't all posting be fun like this one especially when things are quiet.

Oh no! it's dinner again.

MS

sandrew64 - 18 Oct 2004 17:32 - 866 of 7811

Yummmmm...can't wait.

seawallwalker - 19 Oct 2004 07:44 - 867 of 7811

Hardman Resources Limited
19 October 2004

STOCK EXCHANGE / MEDIA RELEASE

RELEASE DATE: 19 October 2004

CONTACT: Ted Ellyard (08 9321 6881)

RE: MAURITANIA DRILLING PROGRAMME
WEEKLY PROGRESS REPORT


Hardman Resources Ltd ('Hardman') provides the following weekly progress report
on the Mauritania offshore drilling programme:

Tiof-3 Appraisal Well - PSC B

Progress and Current Status:
Since the last report (12 October 2004) the West Navigator rig drilled two cores
in the Tiof-3 ST1 sidetrack well to a depth of 2,795 metres. At that depth the
core barrel became stuck and it was not possible to recover the second core to
surface and the sidetrack hole was abandoned. A second sidetrack hole was then
established and at midnight on 18 October the West Navigator was coring the
Tiof-3 ST2 sidetrack well. Following coring, wireline logging operations will be
run and it is planned to conduct a flow test of the well.

Well Location:
The Tiof discovery is located approximately 90 kilometres west of Nouakchott,
the Mauritanian capital, and 25 kilometres north of the Chinguetti Field. The
Tiof-3 well is located approximately 4 kilometres west of the Tiof-1 discovery
well. Water depth is 1,198 metres.

Well Details:
The Tiof-3 well is intended to appraise the Tiof oil discovery. The well will
further evaluate the Miocene channel sand system within the Tiof Field area as
interpreted with 3D seismic.


Dorade-1 Exploration Well - PSC 2

The results of Dorade-1 were reported yesterday, 18 October. As of midnight on
18 October (GMT) the Stena Tay is continuing to plug and abandon Dorade-1.


Capitaine-1A Exploration Well - PSC B

Progress and Current Status:
After completing operations on Dorade-1 the Stena Tay will move to the
Capitaine-1A location and drill that well to total depth.

Well Location:
The Capitaine Prospect is located approximately 125 kilometres southwest of
Nouakchott, the Mauritanian capital, and 30 kilometres southwest of the
Chinguetti Field. Water depth is approximately 1,680 metres and the planned
total depth of the well is approximately 3,140 meters.

Prospect Details:
The Capitaine-1 exploration well is testing a structural trap within the
Chinguetti channel sand system where an anticlinal structure was formed by an
underlying salt dome.

Other information:

All reported depths are referenced to the rig rotary table (except water depth).

Hydrocarbon shows will only be reported after all required logs have been run
and evaluated for each well.

Times and dates refer to Mauritania time (GMT), 8 hours behind Western Standard
Time, Perth.

seawallwalker - 19 Oct 2004 07:47 - 868 of 7811

What does all that mean?

From what I gather, the Tiof was drilled and abandoned as the core sample was lost.

It was redrilled, why?

Obviously oil is suspected or they would have left it.

Over to y'all for your interpretations.


seawallwalker - 19 Oct 2004 07:49 - 869 of 7811

No break up or down on the price at market open.

Maybe the mm don't know what the rns means, or they see it the same as me!

sandrew64 - 19 Oct 2004 08:35 - 870 of 7811

What is a sidetrack well? Obviously I don't understand the report either.But anyway,back to the important stuff....fancy some porridge this morning.

seawallwalker - 19 Oct 2004 08:39 - 871 of 7811

I'll, stick to kippers today thanks.

hushpuppy - 19 Oct 2004 08:57 - 872 of 7811

A core is a sample of rock that is taken from the oil-bearing zone in the well for analysis for future study. This sample is taken using a tool called a core barrel, which is basically an empty pipe with the core being stored inside the pipe. Unfortunately on occasions this tool will jam. If the core is necessary fo future reservoir analysis, the bottom of the well is plugged off with cement, and the bottom of the hole redrilled. This is known as a sidetrack. Overall this is neither here or there in the overall scheme but merely results in the well taking longer to drill and being more expensive. Hope that helps

sandrew64 - 19 Oct 2004 09:05 - 873 of 7811

Thanks hushpuppy.

seawallwalker - 19 Oct 2004 09:14 - 874 of 7811

Thanks hushpuppy, very clear.

What is still bothering me, is what you had for breakfast?
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