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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1619)5/3/2000 11:49:00 PM
From: Tomas  Read Replies (2) of 2742
 
Sudan: Financial Post, May 3: Jim Buckee, president and chief executive of Talisman Energy, said Talisman continues to be committed to its Sudanese operations. He said Talisman has received expressions of interest to purchase its 25% stake in the Greater Nile Oil Project, which in the first quarter contributed 42,000 barrels a day of oil production. But, he could not be more specific about the overtures as they did not include numbers or whether it would consider a sale.

The assets have been the object of some speculation involving a three-way deal in which Talisman would sell Sudan at a large profit to a third party, likely a company operating in the region, and use the proceeds to buy Gulf Canada Resources Ltd., whose stock has been rallying in recent days.
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