Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Henrik who wrote (2303)	4/18/2001 8:34:00 PM
From: Greywolf	Read Replies (1) of 2742

The contract with Sudan, said I belive drill Thar Jath and drill Jarayan. This the company has done. The decision due to technical considerations... to go back to Thar Jath is wise and will also accelerate the production start schedule to sometime 2002 and in this as soon as possible. Please make a note that Thar Jath flowed 4.260 bopd from three drill stem test over both pay zones. This is no real measure of the true potential, not by a long shot. A production preemtive second drill is far better logistics than continued exploration at this stage. As to the stock. the negative trend of the stock is due to negative media and politics in the company´s home country and has little and nothing to do with disapointment concerning the current drill. As someone pointed out earlier "buy this stock on the drill bit" and that is very wise at this juncture..

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