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

To: El Canadiense who wrote (9955)	6/4/2005 3:34:28 PM
From: Crossy	Respond to of 37387

re: DNO.OL - Nigeria/Sao Tome JDZ awards !! Bingo, this is not just another front but a "heavyweight" and very prolific new one for DNO.. After the farm-in into the UK Jaguar permit, DNO seems to have partnered with EER.L (Equator Exploration) and obtained a stake in Block 3 and Block 6 of the famed "JDZ" between Nigeria and Sao Tome ! nigeriasaotomejda.com Once this becomes widely known, fasten your seatbelts ! DNO splits 1:4 late June (June 22nd). Right now that translated into 21 NOK post-split. Well, after this news, the recent $150m USD loan on very low terms plus the Nigeria/JDZ announcements plus the Nabrjah "first oil" announcement, we should get towards 30 NOK post-split in an instant. Looks like 1:4 ratio was an excellent choice. Aggressive for sure but it may pay off ! Never imagined I would become literally attached to Scandinavian Oil <g> all the best CROSSY

To: El Canadiense who wrote (9955)	6/5/2005 8:02:11 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: Blair sees no "EU" future, UK turns to Africa ! Hehe.. Agree 100%. That's what I've been doing with my investments for some time now... (ROC.AX, ENG.V, HOC.TO, ENM.TO etc..). Africa is one region of the future. The West can contribute rather limited amounts to achieve a big positive development there. Fighting AIDS in Africa and becoming a stakeholder in a possibly impressive development process is not really costly in contrast to the erection of "United States of Europe" that no one really seems to want.. timesonline.co.uk Blair faces EU budget ambush Andrew Porter and Justin Sparks, Berlin TONY BLAIR is facing a Franco-German ambush this week over Britain’s £3 billion annual European Union budget rebate after signalling his determination to kill off the European constitution. At a meeting in Berlin last night, Gerhard Schröder, the German chancellor, and French President Jacques Chirac were insistent Britain should give up the deal won by Margaret Thatcher two decades ago. Asked about Britain’s rebate, Bela Anda, Schröder’s official spokesman, said: “Without calling any country by name, the chancellor made it clear that everyone must be prepared to shift their position in order to get a deal.” German government sources said both countries were demanding the change as a pre-condition for agreeing a deal on the EU’s budget for 2007-13. Although Germany, the EU’s largest paymaster, has indicated its readiness to pay more into the Brussels coffers, it is demanding Britain give up what it sees as its “special treatment”. Other EU members are certain to side with France and Germany when the issue is discussed at a meeting of finance ministers on Tuesday ahead of the June 16-17 EU summit. Poland and the other relatively poor central and eastern European countries that joined the EU last May all believe Britain should pay more. The Dutch government has cited the size of its own contribution as one of the reasons for the massive no vote in the referendum there on the proposed constitution last Wednesday. Downing Street has said the rebate is non-negotiable because Britain is still the second biggest net contributor to the EU. Jean-Claude Juncker, the Luxembourg prime minister, who will chair the forthcoming summit, warned that failure to reach a budget deal would “turn the big European difficulties into a big European crisis”. The row over the budget will further complicate attempts to find a way forward after the overwhelming rejection of the EU constitution by Holland and in France, where voters said no in a referendum last Sunday. Westminster sources said Blair, who takes over the EU presidency next month, is determined to bury the constitution, despite insistence by France and Germany to continue the ratification process. “The constitution is dead,” one source said. Britain’s position is expected to be spelt out more diplomatically by Jack Straw, the foreign secretary, to the Commons tomorrow. Senior Whitehall sources insisted it would be “almost impossible” to “cherry-pick” parts of the proposed constitution, such as the creation of a full-time president and foreign minister. Blair will push instead for only minor “institutional tweaks” to help make the EU look more open and transparent. This would include allowing television cameras in to record the hitherto closed meetings of the council of ministers. The prime minister also thinks national parliaments should be given a first look at legislation proposed by the European commission. Fearing that Britain will use its presidency to wreck the constitution, France issued a warning last night: “When Britain assumes the presidency it will take on the grave responsibility of making sure that it drives the spirit of integration forward,” said Chirac’s spokesman, Jérôme Bonnafont. Blair’s determination to bury the constitution is matched by Schröder’s determination to save it. Schröder’s spokesman insisted Berlin wanted to press ahead with ratification.