Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Greywolf who wrote (1560)	4/21/2000 12:02:00 AM
From: Tomas	of 2742

The Falklands: From Desire Petroleum - Chairman's statement RNS, April 20 The current improvement in the oil price, if sustained, is likely to lead oil companies to re-assess their exploration budgets which, in turn, may lead to renewed interest in drilling offshore the Falkland Islands. Accordingly, Desire is currently preparing detailed farm-out proposals to present to potential drilling partners later this year. The potential for finding significant oil accumulations in the North Falklands Basin has been enhanced by the identification of a major source rock. It is hoped that, when the Industry becomes more active in oil exploration again, there will be renewed interest in the Basin. Dr Colin Phipps Chairman Source: Desire Petroleum PLC - Final Results, April 20

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