Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: virginijus poshkus who wrote (2087)	2/28/2001 10:44:18 PM
From: Tomas	of 2742

Yes, LOILY is very cheap. But note that 287 million boe reserves / 102.9 million outstanding shares = 2.8 boe per share! When the not yet proven Thar Jath oil reserves in Sudan are added, the number increases to 3.75-4 boe per share. Add to that the proven and probable gas reserves in PNG, and we have around 5 boe per share. Market Cap yesterday: $222 million Confirmed reserves: 287 million boe Reserves including Sudan and PNG: 500+ million boe Market Cap / confirmed reserves = 77 cents per boe Market Cap / reserves (confirmed + Sudan & PNG) = 44 cents per boe !!

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