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

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To: Tomas who wrote (1584)4/5/2000 11:48:00 PM
From: Tomas   of 2742
 
Lundin Oil Achieves Record Oil Price on January and February Sales

STOCKHOLM, Sweden--(BUSINESS WIRE)--April 5, 2000--Lundin Oil AB (NASDAQ:LOILY - news) is pleased to announce that it achieved an average price of US$23.18 per barrel on crude oil sold in January and February 2000 after taking into account the effects of hedging.

This is an increase of 118% compared to the average price achieved for January and February 1999, which was US$10.64. Average price achieved for all of 1999 was US$17.42.
Average daily production for January and February 2000 amounted to 14,060 boepd.

biz.yahoo.com
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