Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Tomas who wrote (1498)	2/22/2000 9:11:00 AM
From: Greywolf	Read Replies (1) of 2742

Testing of Thar Jath onshore Sudan delayed, Lundin Oil AB ("Lundin Oil"), announces that its wholly owned subsidiary IPC Sudan Limited, has temporarily suspended testing operations on the Thar Jath #1 well on Block 5A onshore Sudan due to logistical considerations. The access road running from the company's supply base at Rubkona to the rig site with an approximate length of 100 km, is still under construction. This road will be utilized for the transportation of heavy equipment and should be completed in a few weeks time. The company expects to resume testing operations in approximately one month, once all the necessary equipment has reached the well location. Lundin Oil is the operator of Block 5A with 40.375% interest. The partners are Petronas Carigali with 28.5%, OMV with 26.125% and Sudapet with 5%.

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