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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Dennis Roth	9/8/2011 1:13:53 PM
	2 Recommendations of 206110

By special request I was asked to dig this up. Since I've already gone to the effort to find it and make it available, I might as well share it with the board while I'm at it. Lundin Petroleum (LUPE.ST) - INCREASE TARGET PRICE - Norway can get bigger 14 pages, 20 figures Download Link: sendspace.com Despite a punchy upper-end estimate of 1.2bn boe from Statoil on the Avaldsnes/Aldous discovery, we do not think the exploration story is over for Lundin. We are optimistic that the geological model for the Greater Luno area is still evolving and that resource upgrades can continue to come through from a well funded and active drilling programme. In the face of a 119% increase in the share price over the past year, we maintain our Outperform rating and increase our target price to SEK 130/sh from SEK 62.5 === I believe this also trades in Toronto under the symbol LUP.TO

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