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

The 13 million buys and under 1 million sells today, wouldn't by any chance have any bearing on your thoughts??????

Bllomberg TV today :-

Sterling Energy was one of 5 featured Oil & Gas Exporers that had a good trading day.

It was the only minnow amongst the bigger boys.

Bloomberg seem to be taking a lot of notice lately....................

Been out most of the day so missed the fun. Another good day for us though, lots of buying, nice. Seems to have been quite a bit of interest here lately.

Well done on your HNR trade SWW, nice profit on it and you bought more here! Nice one. As for the Bloomberg TV part, is that not the 2nd time they have been mentioned on that channel lately? I seem to recall some analyst talking about them previously? I assume that they just said that we have had a good few days trading lately? Anyway it all helps I guess.

Prop, cheers for sharing your thoughts earlier. Always good to have an exchange of thoughts, ideas and trades. All makes for a good BB which this one is. We even have food discusions here!

Looking forward to tomorrow as always.

Cheers

Gav

Right thats' it. BVM are for the chop tomorrow so I can top up in SEY.Also hold HNR plus a few other energy stocks so had a good day.Had to go out food shopping today as you lot drove me nuts yesterday - the fridge freezer has broken and assorted moulds on toast just doesn't compare with the other menus on offer.Still drooling.....S

LOL! Topping up with SEY and food, now that's a good plan! One goes up and one goes down!

Sorry???.....which does what....damn ..have I missed something again???

SEY goes up and food goes down! Sorry, badly put I guess.

Let's hope you're right!! S

SEY was mentioned as you said.

Name on the electronic board along side of Majors.

Up 4 % toady.

Morning all,

Thanks for that SWW. Here's another drilling uodate just released.

http://www.uk-wire.com/cgi-bin/articles/200410080700128671D.html

From another BB:

IC article - BUY


8 October 2004

STERLING ENERGY (SEY)

Sterling Energy's gross profits almost doubled to 3.3m due to the inclusion, for the first time, of production from the Osprey fields, acquired earlier this year. The acquisition of these assets more than doubled reserves, adding over 30bn cubic feet in proven and probable reserves. As a result of the deal, and an overall increase in reserves in other fields. Sterling now has reserves equivalent to more than 15 years' production. And, over the next 12 months, the group will be involved in work at over 20 wells in Africa and the Gulf of Mexico.

Its development programme at the Chinguetti field off the coast of Mauritania is expected to produce its first oil in early 2006. Premier Oil, with which Sterling has a deal, will pay a royalty on every barrel produced under its 6 per cent working interest in the PSC B oilfield and 3 per cent in PSC A. House broker Evolution Securities forecasts full-year, underlying, pre-tax profits of 3.6m, giving EPS of 0.39p.

Thanks gavdfc for the updates.

Unusual for them to give an update not on a Tuesday.

They must be very pleased, and or excited by the results so far.

I wonder if the rederves that are eventually found will rival the North Sea?

Lets hope so, hey!

Up 4% plus this morning at 08.12hrs.

Great start :-))

You're welcome SWW. They must have thought the data was significantly (like that word) important enough to release to the market today. Also, there was a rumour in one of the newspapers today that HNR had encountered oil in quantity.

I guess if the rumour was out then best to release information to the market. Sounds like they are excited about the results, just as we are. As for reserves matching the North Sea, well I wouldnt know about that so couldn't comment. But considering the size of investment and number of companies operating there the reserves must be very significant indeed. A good time to be invested in that region, and we are in with a cracker here, IMO of course. I think it may start to take time for some investors to realise that we have a free carry in this region, but I think now that some are perhaps just realising this.

Nice blue start to the day.

Too true.

My North Sea was as you guessed, wishful!

This has just come out as a summation.

UK small cap opening - Hardman higher on Mauritania success
AFX


LONDON (AFX) - Hardman Resources hardened 1-1/2 at 98-1/2 on news of more exploration success off the coast of Mauritania.

Partner Woodside Petroleum said the Tevet-1 exploration well intersected a gross gas column of approximately 70 meters above a gross oil column of approximately 44 meters.

It also said the Tiof-3 appraisal well, in the same block, which was testing a separate feature, intersected a gross oil column of 134 meters.

The exploration and production company has said the Tiof field has the potential to be as big as the Chinguetti oil project which has gross reserves of 120 mln barrels of oil.

Thanks for that. Wonder if we will get a release from SEY? Didn't last time so not expecting one today but who know's.

So far in this drilling campaign I would say that it's been very successful. So makes you think just how much oil and gas is out there. Your North Sea dream may come true SWW! Plenty of more newsflow to come out with the daily Tuesday updates, but this one was a very nice bonus. Great way to end the week. :-))

happy days indeed...morning all, late in after dropping the little ones (5 and 3) at school.

loving the info and banter...north sea, extra press releases and a bloomberg and IC mention should make for an enjoyable day....

come on the SEY!

up 1

Excellent day so far, nice progress and the buyers keep coming.

Interesting article here re Mauritania and the action hotting up.

http://Excellent day so far, nice progress and the buyers keep coming in at a higher price.

Topped up at 19.6 I just could get one right for a change, did'nt with MSY

MS