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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: RRainman9999 who wrote (8518)	3/24/2005 8:25:56 AM
From: Crossy	Respond to of 37387

RR, I can only underwrite this.. DNO.OL is something I really recommend. It has more than a 10bagger ultimately IMHO.. rarely you find a company with such credentials and such an undervaluation.. they are very good on their "corporate finance" side also.. just take a look on all their transactions in comapny stock.. selling put options to buy back shares <g>, engaging in forward sales and purchases of own stock etc.. The only company I am aware of being so versed in how to turn these manoevers into a profit generating endeavour apart from DNO is INTEL ... (they wrote a LEAP put to repurchase shares and collected a hefty option premium by this ) just looking at your VPC.V (Valkyries). Interesting firm, very unique credentials (owning 33% of a seismic shop RINCON LLC etc..) rgrds CROSSY

To: RRainman9999 who wrote (8518)	3/31/2005 1:45:39 PM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: DNO.OL - NOK 42,80 - Det Norske Oljselskap two major news items today were issued by the company.. DNO announced a small cash dividend NOK 0,50 per share for the 2004 period PLUS a 1 for 20 stock dividend (1 new share for 20 old shares).. should encourage to hold shares longer to some weak hands.. Plus they delivered a compelling operational update on Nabrajah-5. I cannot overestimate the significance of it ! They are talking about a 42M GROSS OIL COLUMN in a NEW RESERVOIR deeper towards the basement (Kishin). The other producing reservoirs in the field (Qishn sands) are usually only around 10m thick, yet producing 800-2000bopd depending on the well. Now Kishin has a different geology (Dolomite, fractured dolomite) however this is looking very good to me. Relatedly, the firm previously planned to use Nabrjah-5 as a gas producer and power the field generators with gás instead of diesel but according to CEO Mr. Eide (talked to him today) oil takes precedence. If possible they might go after gas columns at the same location also but it's less important of an issue.. The real significance of this new reservoir discovery is that if Kishn formation extends across the entire field it might double the Nabrajah field reserves or more. Looks some schrewd investors think alongside the same lines as DNO is up 7% today. cws.huginonline.com DNO ASA - 42 meter of possible oil column in Nabrajah #5 The evaluation of electrical logs in Nabrajah #5 indicates the presence of hydrocarbons in a 42 meter gross interval in the Kohlan Formation overlaying the Basement. Two production tests will be conducted in the well; one in the Basement interval and one in the overlaying dolomites. As previously reported strong hydrocarbon indications were observed during drilling the section immediately above the Basement interval as well as in the upper part of the Basement. In the dolomite section of the Kohlan Formation immediately above the Basement observations of heavier hydrocarbons were observed during drilling, which could indicate the presence of oil. The evaluation of electrical logs over this section indicates a 42 meter gross hydrocarbon bearing interval. This is considered as a significant column of possible moveable hydrocarbons. In order to confirm the nature and productivity of the hydrocarbons in the Kohlan formation a production test will be conducted. Should oil be produced at commercial rates from the Kohlan Formation this opens up the possibility for a new oil play with substantial potential within the Nabrajah area. A production test of the Basement will also be conducted in order to evaluate the significance of the hydrocarbons observed during drilling. The forward plan is to set a liner across the dolomite section before running an open hole test in the Basement. Thereafter a test will be conducted in the dolomite section of the Kohlan Formation. DNO is the Operator of Block 43 holding a 56.67 % working interest. DNO ASA March 31, 2005 For further information, please contact: Helge Eide Managing Director. Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80