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 (1670)	5/23/2000 10:10:00 PM
From: Tomas	of 2742

Another company heavily involved in Libya is Swedish- Canadian firm Lundin Oil. Company senior geophysicist Stephan‚ Labont‚ said: "Perseverance pays off in Libya," and expects average operating costs to be around US $3/bbl through the life of the En Naga field, a 12-hour drive from Tripoli. This would give Lundin internal rates of return in excess of 30% for the life of the project even at oil prices in the $10/bbl to $14/bbl range. Full article, see: Hart's E&P: <<Living with Libya>> eandpnet.com

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