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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (34586)	5/8/2008 3:18:50 PM
From: pogohere	Respond to of 217764

My pleasure. Looks like the payout will decline to low 40% area while debt is reduced. With these gas/oil prices, a dividend rise is possible in the next quarter. Also, DAY owns ~25% of Avery, which just participated in a successful oil well completion in Australia: averyresources.com ASX Announcement 6 May 2008 Cuisinier-1 cased and suspended as a future oil producer The directors of Bow Energy Ltd (Bow) are pleased to announce that Cuisinier-1, an oil exploration well drilled in ATP 752P, has been cased and suspended as a future oil producer. Good oil shows and the interpretation of wire line logs have indicated 6 metres of net oil pay within a good sandstone reservoir over the interval from 1,622 1,630 metres. Cuisinier-1 is located approximately 6.2km west of the Santos operated Cook Oil Field in southwest Queensland. The potential new oil field discovery is the first well drilled under a staged farmin agreement with Santos Ltd (Santos) and Avery Resources (Australia) Pty Ltd (Avery) where Bow is fully carried on up to six additional oil exploration wells in the permit and new 3D seismic acquisition. Bow retains a 15% working interest in ATP 752P on completion of all stages of the farmin. The next well planned for the farmin program in ATP 752P, Hudson-1, is scheduled for drilling in late June 2008. Hudson -1 tests a structural oil prospect mapped on the same trend of structural oil prospects where the Cuisinier-1 well is interpreted to have made a new oil field discovery. stockhouse.com 4/22/2008 9:04:20 AM CALGARY, Apr 21, 2008 (Canada NewsWire via COMTEX News Network) -- Avery Resources Inc. (TSX-: ARY) ("Avery" or "the Company") is pleased to announce the start of its 2008 Australian drilling program with the spud of Cuisinier-1 on April 21 as part of a Joint Venture with Santos Ltd. ("Santos"), Bow Energy Limited and Victoria Petroleum Limited on the Cooper-Eromanga Basin permit ATP 752P located in Queensland, Australia. This dual target well will test the hydrocarbon potential within the Hutton Sandstone and the Doonmulla Member (Tinchoo Formation) in a structural high located approximately 6 km west of the Santos operated Cook oil field. Avery entered into a formal agreement with Santos in October, 2007 to jointly explore and develop the Barta Block (631,000 acres) and the Wompi Block (222,000 acres) within ATP752P. The Barta and Wompi Blocks are adjacent to lands held by Santos which are the subject of an accelerated exploration and development program being undertaken as part of the Santos Cooper Oil Project. Avery has the option to drill up to 3 wells to earn up to 25% interest in the Barta Block. Avery will be carried on 100 sq km of 3D seismic and will pay the costs equivalent to 1.45 wells to earn its interest. The Cuisinier 1 well is the first well of this program. The second well, named Hudson 1, is scheduled to spud by the end of June. Avery has the option to drill up to 4 wells on the Wompi Block to earn up to 30% interest. Avery will be carried on the first three wells and on 200 sq km of 3D seismic and pay only 0.45 of one well to earn its interest. The first well on the Wompi Block is expected to be drilled in the 3rd quarter of 2008. Total capital exposure to Avery for the Santos Joint Venture is estimated at $4.2 Million. stockhouse.com

To: Cogito Ergo Sum who wrote (34586)	5/10/2008 7:43:40 AM
From: elmatador	Read Replies (1) \| Respond to of 217764

Brazil urged the U.S., Europe and Japan to revisit their agricultural subsidy policies, saying they are the main factor discouraging developing countries from increasing food production. Brazil Urges U.S., Europe to Review Food Subsidies on Shortage By Andre Soliani an Carla Simoes May 8 (Bloomberg) -- Brazil urged the U.S., Europe and Japan to revisit their agricultural subsidy policies, saying they are the main factor discouraging developing countries from increasing food production. ``The food crisis requires us to put a new focus on the Doha round'' of free-trade talks, Foreign Minister Celso Amorim said in an interview with Bloomberg Television today. ``That would eliminate what today is the main factor hindering food production in the third world.'' Amorim said rich nations must act to move forward on the free-trade talks because they need food that can be produced by developing nations. ``The ball's isn't in our court, it's with the U.S., European Union and Japan.'' On talks with Paraguay, Amorim said the Brazilian government is open to discussing terms of the treaty that created Itaipu, a dam that straddles the countries' Parana River border. Brazil can help Paraguay, which is demanding more money from Brazil for Itaipu power, make more efficient use of the electricity generated by the dam, he said. He declined to elaborate on other possible solutions to the dispute. Brazil and Paraguay each own half of Itaipu. Paraguay, which sells about 95 percent of its Itaipu power to Brazil under conditions stipulated in a 1973 treaty, is seeking to renegotiate prices.

To: Cogito Ergo Sum who wrote (34586)	5/11/2008 2:20:19 PM
From: elmatador	Respond to of 217764

Forest products group Stora Enso Oyj reported a 66-percent drop in first-quarter profit, caused by high wood costs and a strong euro. Net profit in January to March plunged to 66.5 million euros ($106 million), from euro210 million a year earlier, the company said Thursday. Revenue fell to euro2.8 billion ($4.5 billion) from euro3 billion. Last month, Stora Enso (nyse: SEO - news - people ) said its quarterly result would be hit by high costs and warned of a weak market. Markets had been expecting a better result and the company's stock fell more than 1 percent to $11.96 in early trading in Helsinki. CEO Jouko Karvinen on Thursday described the result as "clearly unsatisfactory." "In the first quarter of 2008, we continued to face the same challenges as in the last quarter of 2007 - continuing year-on-year increases in wood costs and the strong euro," Karvinen said. "Wood products accounted for more than half of the decline in our earnings due to deteriorating demand and prices for wood products, as well as inventory write-downs." The company suffered in markets where prices were calculated in the U.S. dollar, which has continued its slide against a strong euro. Karvinen said the Finnish-Swedish company would cut pulp production to optimize earnings and gave a bleak forecast for the rest of the year. "Uncertainty beyond the present quarter has further increased due to macroeconomic concerns," Karvinen said, adding that the group would reduce planned capital investments of euro900 million ($1.4 billion) by up to euro200 million ($320 million). Stora Enso is one of the world's largest forest product companies making magazine paper, newsprint, fine paper, pulp and packaging boards. It employs 44,000 people in more than 40 countries. The group was formed in a 1998 merger between Finland's Enso and Stora of Sweden. The Finnish government is the major shareholder with more than 10 percent of the stock. Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed