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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (87735)2/19/2001 2:02:29 PM
From: excardog  Read Replies (2) of 95453
 
LOILY just one comment

Hidden within Jan 22 dry hole press release:

President Ian Lundin comments: ``We will continue to review the potential of further exploration investments in Libya. Our efforts however, will focus on the development of the En Naga field in Area NC177, which today has proven and probable reserves of approximately 100 millions barrels.''

100 million barrels for a company this size is plenty of oil. If I have to wait until it hits the sales meter so be it. Still hold my chunk and will add if she drops back to $2.

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