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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: balisurf who wrote (967)3/6/2001 11:06:12 PM
From: Tomas  Read Replies (2) of 2742
 
Vanguard Review on Malaysia/Vietnam: Lundin Oil has also recently acquired an effective 40% interest in the adjacent Vietnamese block from which it will be able to lift gas initially for sale through its tie-in with the Malaysian pipeline system. now also places the company in a good position to be an important part of the Vietnam’s still nascent re-emergence into the global market economy.

While the Vietnamese portion of the holdings is for practical purposes an extension of the Malaysian Basin.operations at this point, being active in Vietnam now also places the company in a good position to be an important part of the Vietnam’s still nascent re-emergence into the global market economy.
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On Sudan, Thar Jath: At this point the market is placing little or no value on this project though it could ultimately contain recoverable reserves that rival all of Lundin Oil’s other projects combined.
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On Lundin's En Naga field in Libya: Potential upside also exists in deeper targets that could significantly increase the reserves and field life.
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My comment: Still no press release confirming that
"Lundin Oil has recently acquired an effective 40% interest in the adjacent Vietnamese block".
This makes good sense, hope the official confirmation comes sooner rather than later.
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