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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tomas who wrote (1158)	6/28/1999 9:36:00 PM
From: Tomas	of 2742

Falkland Islands Holdings PLC: Quote from Chairman's statement: A number of Oil Companies completed an initial exploration programme of six wells in December 1998 and, as reported previously, have now de-commissioned their operations in the islands whilst analysis and interpretation of data continues. Information gained so far indicates that reservoirs and several mature source rock intervals, with at least two oil sources and one gas source found. Post-mortim studies of the drilling indicated a high probability of sources elsewhere. We do not expect any exploration activity to take place for some years... sartma.com

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