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

Can anyone explain the rationale in the trading in these shares today? 10.5M classified as buys. About half the sells were also buys if you checked quotes periodically through the day. The shares were trading (buy and sell) at the bottom end of the range of the spread most of the day.What are the MMs up to?

Tree shake?

Pretty violent shake. Maybe someone went short and is cashing in their chips.
Agreed PMO, had a good year up to the 600p level is probably now worth tucking away if you didn't get in earlier.
December doldrums may be here.

namreh3 the 1.6 million is 160 thousand.

Hes getting on a bit, and forgot how to count, (Bless!).

The sells recorded are definitely suspect today again, as canary highlighted. Loads of comment that the buys are being chalked up wrong.

Don't really know why, buy it is not just on this site, it is web wide.

could be a 12 this ?

You bin drinking again dave?

I haven't but could do with one.


The drift is down to reducing oil prices, that's all.

Put some oil stoicks on your watch list and you will get a better sense of the sector.

Try bp. shel dnx cne jkx pre pci hnr een fto to name bt a few. I have these and more on a new watch list just for oil.

Your bang on there sw $35 a barrel about right,still a bit to drop then ?

Maybe.

Have to wait and see.

Been a rotten couple of weeks across the sector. It happens. As proptrade has often highlighted, it can go the other way just as quick. Same with mining campnaies.

Celtic Resources went up 4 yesterday as they were financed by another bank.

4 at 100k shares = but out after selling in my book.

Nice work if you can get it!

Can't see any news anywhere today, so I may but out myself and have a play elsewhere.

bprg know what it's doing yet?

You tell me,will be selling my 70.12 very soon,,75ish or above.

bprg, good luck with that, rto did not slide as far as it deserved to imo. all in all, you seem bobbing along...........

yes not bad just had a decent few days in lmc bought 99 /sold yesterday 116,not bad for a week.

That is good stuff!

Not much doing here, still playing the waiting game which I can do!

Right then, off to the sea wall on a very foggy day!

PCI holders attention!!!!!

Petroceltic International PLC
03 December 2004



PETROCELTIC INTERNATIONAL PLC ('Petroceltic')

3rd December 2004



Tunisia - Sidi Toui 3 Well Update - Future Plans

Petroceltic operated well Sidi Toui 3 in the Ksar Hadada block has been drilled
to a total measured depth of 1300 meters, logged and tested. The objective
Ordovician Hamra Quartzite, was encountered at 1023 meters approximately
380meters up dip from the Sidi Toui 1 well located 4.5 kilometers to the east.


Whilst drilling through the Hamra Quartzite oil shows were recorded over a
177meter gross interval from 1023 to total depth at 1300 meters. . Casing was
set above the Quartzite to facilitate a short duration open hole test which
commenced on the evening of 2 December, 2004 during which hydrocarbons were not
recovered.


The Ordovician Hamra Quartzite, when fractured, is a significant hydrocarbon
producer in Libya, Algeria and Tunisia.


Oil and gas shows were also encountered at a shallower depth over an interval
from 835 to 900meters. However, it was not possible to test this zone, which is
behind casing, at this time due to a commitment to release the rig to another
oil company after conducting one test.


The well is to be suspended pending further evaluation and/or testing in order
to assess the future potential of the Sidi Toui structure.


Oryx Prospect

Acquisition of new seismic over this prospect is expected to commence next
month. This data will be acquired at no cost to Petroceltic and will be used to
determine a well location on this prospect


John Craven CEO of Petroceltic commented, 'The oil and gas shows in Sidi Toui 3
give us confidence that there is working petroleum system in the southern part
of our Ksar Hadada block. In this area there are some very large structures
including Sidi Toui and Oryx. During the coming weeks we will be evaluating all
the data from Sidi Toui 3 and the new seismic from Oryx to plan our future
drilling campaign in this large block.'


Further Information

Petroceltic has a 100% working interest in the 7, 500 square kilometre Ksar
Hadada Block in southern Tunisia, which contains a number of leads and
prospects. Petroceltic also has appraisal and exploration interests in Algeria,
Italy and offshore Ireland and has cash resources going forward of over US$25
million.


Contacts etc

John Craven

Tel +353 1 662 7993

Fax +353 1 6627996



John.craven@petroceltic.ie

PCI looks dead in the water, (or at least in trouble).

The card turned up is a Joker.

Oil price $60 next year, starting mid-winter.

unfortunately the dreams of US$60 look to be fading. bigger picture the mkts are better off in a 32 to 42 range and i think we will be stuck in there for most of 2005.

irrespective of the price if we are all sticking to the sector then stay in the quality. some s*t has floated to the surface in recent months....SEY is lengths ahead of that crowd.

tree shaken, placement flippers out. 2006 holders take a massive chill pill and take SEY off the watch pages for a few weeks! (ok, alot to ask but at least stop watching every trade and tick).

So no reason for Seawallwalker to throw himself in , STOP DON'T DO IT. lol

its a cry for help!!!!