Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Greywolf who wrote (2302)	4/18/2001 9:30:06 PM
From: Razorbak	Read Replies (1) of 2742

Dry Hole Greywolf: "Dry hole" is an economic term used to denote sub-commercial quantities of hydrocarbons. It is not a technical term used to denote the physical presence of hydrocarbons. Since the press release stated that Jarayan-1 encountered "sub-commercial quantities of oil," then it's a dry hole. I am still very bullish about this stock. I only posted the press release for information. This recent news has, in no way, diminished my outlook for the stock. LOILY is by far my largest holding at present, and I expect at least a double within 6-12 months. JMHO. Razor

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