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

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To: Tomas who wrote (1302)9/9/1999 9:49:00 PM
From: Tomas   of 2742
 
Sudan: Analysts said Talisman was attracting keen interest because of its stake in a major oil project in Sudan that shipped its first load of crude to market by tanker this month.

"There have been many individual days in the last few weeks where the production in Sudan has been at 180,000 barrels a day, of which Talisman gets 25 percent," said Martin Molyneaux, analyst with FirstEnergy Capital Corp. "Those are very, very profitable barrels in a $23 oil environment."
Production from the project was expected to average 150,000 barrels a day initially.

Full article: Canadian energy stocks climb with oil prices
biz.yahoo.com
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