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

To: Crossy who wrote (9864)	5/31/2005 4:13:26 AM
From: Crossy	Respond to of 37387

re: Global Energy Development GED.L - 170p - TEA This is one of the best value E&P stocks IMHO. Producing 2250 boepd right now and marketcap is around $120m New TEA (Technical Evaluation Agreement) signed in LatAm today. Total acreage position now above 5m km² uk-wire.com Global Energy Development PLC 31 May 2005 GLOBAL ENERGY DEVELOPMENT PLC NEW TECHNICAL EVALUATION AGREEMENT SIGNED IN COLOMBIA VALLE LUNAR AREA WITHIN LLANOS BASIN SIGNIFICANT UPLIFT IN ACREAGE POSITION Global Energy Development PLC ('Global' or the 'Company'), the Latin America focused petroleum exploration and production company (LSE-AIM: 'GED'), announces that it has signed a new exclusive Technical Evaluation Agreement ('TEA') with the National Hydrocarbons Agency of the Republic of Colombia 'ANH') for the evaluation of potential hydrocarbon resources in the Valle Lunar area located in the established Llanos Basin of eastern Colombia. The total acreage covered by the TEA is approximately 2.1 million acres. The Valle Lunar TEA enlarges Global's acreage position by approximately 70% to 5.1 million acres held in Colombia, Peru and Panama under six contracts, one exclusive TEA and one concluded exclusive TEA currently under negotiation to be converted into an exclusive contract. Global holds 100% ownership of all contracts. The Valle Lunar area has been subject to prior exploration activity by an international petroleum company in 1981 with two exploration wells reported as oil productive at that time. The Valle Lunar TEA targets medium heavy oil deposits and grants Global the exclusive option to sign a future exclusive Exploration and Production Concession contract ('Contract'), typically approximately 25 years in duration, for acreage within the TEA area that Global identifies as prospective and suitable for exploratory drilling and production operations. The TEA duration is 16 months. The TEA requires Global to complete within 12 months the reprocessing and interpretation of 800 linear kilometres of existing 2D seismic and certain other geophysical measurements and analysis, including the acquisition of aeromagnetic data. Aeromagnetic surveys provide a fast, low-cost method of structurally mapping large areas and the Company intends to identify subsurface geologic features within the 2.1 million acres with geophysical characteristics similar to other large, producing Llanos Basin fields. Global intends funding the work program required under the TEA from cashflow from production with production currently being achieved from four out of the Company's six contracts. Total costs incurred under the TEA are expected to total approximately $544,000. Commenting on the new Colombian agreement, Stephen Voss, Managing Director of Global Energy Development PLC, stated: 'We are extremely excited about our new Valle Lunar TEA located in the established Llanos Basin region and where industry experts have predicted there is considerable further potential pointing to the known highly effective petroleum system and its analogy with the heavy oil belt of Venezuela. The Company believes it is an area of significant medium heavy oil reserves which is of a less expensive and technically straightforward class to extract, as substantiated by data already available. Medium heavy oil has become of paramount importance to the oil industry as it and heavy oil are expected to increasingly dominate the world's hydrocarbon reserves and future refinery feed stocks.. We will seek to evaluate large potential reservoirs using the latest aeromagnetic techniques and based upon the results of our geophysical efforts, the Company anticipates signing a Concession contract and proceeding with shallow borehole testing in late 2006. We anticipate the potential deposits to be at shallow depths requiring relatively modest costs and look forward to commencing our work programme and exploration efforts under this TEA against a backdrop of production from several contracts we hold.' For further information: Global Energy Development PLC Catherine Miles, director of investor relations +44 (0) 207 808 5550 www.globalenergyplc.com +44 (0) 7909918034 Notes to Editors: Global holds exclusive contracts and rights to explore for and / or produce oil and gas from a geographically diversified portfolio of prospective acreage in Colombia, Panama and Peru.

To: Crossy who wrote (9864)	5/31/2005 4:36:04 AM
From: laurin_de	Read Replies (1) \| Respond to of 37387

EUR/$ weakness...: I love it! :-) but... ... how can you invest into South African (resources) stocks when you believe in a strong Rand? Except for the brandnew mines that run almost w/out workers, a strong Rand is poison for the South African resource industry! surprised! - Laurin

To: Crossy who wrote (9864)	5/31/2005 12:28:48 PM
From: Mario :-)	Read Replies (2) \| Respond to of 37387

Best currencies to park your money IMHO are.. 1) South African Rand 2) Australian Dollar 3) Norwegian Kronor 4) Canadian Dollar Speaking of currencies, there is a Bank in New York where you can invest into South African-Australian-Canadian-New Zeland CD. CD is mix of all four CD's from these countries. So you can gain (or lost) from currencies move + you get some percentage for CD. For conservative investors, who are betting on commodities. Can't find URL right now, but if anyone interested, let me know and I will post URL in a day or two.

To: Crossy who wrote (9864)	5/31/2005 11:45:15 PM
From: Taikun	Respond to of 37387

Crossy, Re: "Best currencies to park your money IMHO are.. 1) South African Rand 2) Australian Dollar 3) Norwegian Kronor 4) Canadian Dollar (clouded by the weakness of the Martin government and the Liberals deals with the socialist NDP)" I like your picks. My own cash basket is almost the same except Aussie dollars are substituted with Singapore dollars for Asian exposure. Australia is a fair proxy for Asia but their trade balance, oil dependency could weaken them, and over time China will attempt source raw materials like iron ore from even cheaper markets, domestically or in nearby countries like Mongolia. Uranium alone won't keep Australia's dollar strong. Australia is also quite dependent on EU trade. I like the Singapore dollar. This is Asia's equivalent of the Swiss Franc. Passive dictatorship, currency is managed against a trade-weighted currency basket (ie where China is likely headed) which favors Asia. Positioned to grow on shipping growth in Asia. Small population, likely to survive downturns. Very long-term, prudent planning by central bank. Gov't of Singapore investment corp (GIC, a former client of mine) is undoubtably the most savviest gov't investor around. Korea is now emulating their style which has generated massive returns for the country by investing in what the US Social Security program would be invested in if they wanted to avoid underfundedness. ie first class hedge funds, buyout and venture capital funds, real estate. Their investment professionals would put the investment arms of most nations to shame. GIC has made more for its people off US funds than any other gov't investment arm period. Assets of $100bn, about US$22000 per man woman and child in Singapore and growing fast. gic.com.sg FWIW -David More on GIC: GIC is a global investment management company established in 1981 to manage Singapore's foreign reserves. With a network of six overseas offices in key financial capitals around the world, GIC invests internationally in equities, fixed income, money market instruments, real estate and special investments Since our inception, we have grown from managing a few billion dollars, to more than US$100 billion today. With a portfolio this size, we are now amongst the world's largest fund management companies. 31 Mar 2005 GIC RE Acquires Portfolio of 3 Serviced Apartments in Japan 23 Mar 2005 Major UK Regional Shopping Centre Transaction Involving Prudential and GIC Real Estate 13 Mar 2005 GIC Real Estate And Unite Group Form £350 Million Joint Venture 10 Mar 2005 GIC Real Estate, Lehman Brothers Real Estate Partners And Realstar Group Form Joint Venture To Acquire Portfolio Of 73 Hotels In United Kingdom For £1 Billion GIC Special Investments (GIC SI) was set up in 1982 as the private equity investment arm of GIC. We manage a diversified global portfolio of investments in venture capital and private equity funds, as well as direct investments in private companies. GIC SI has a long history in the world of private equity. We were one of the earliest institutional investors in venture capital funds in Silicon Valley. Investing in what are now some of the best names in the venture capital sector in the US: Sequoia Capital, Matrix Partners, Summit Ventures and TA Associates. From providing capital to US leveraged buyout and venture capital firms in the early 80s, GIC SI’s portfolio has since grown significantly. Our investments over the years have covered the areas of leveraged buyouts, venture capital, growth capital, mezzanine financing, distressed situations and other special situation investments. Since inception, we have invested in over 400 fund partnerships and companies. Today, GIC SI ranks as one of the largest private equity investors worldwide.