Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Tomas who wrote (2094)	5/16/2001 11:35:31 PM
From: Tomas	Read Replies (1) of 2742

Lundin Oil held an analyst meeting (financial hearing) in English in Stockholm, Sweden today. The hearing was video recorded and is accessible on the web at: financialhearings.com A couple of highlights: Lundin Oil is valued at 80 cents/barrel. The company now has very little debt. Debt-to-equity-ratio: less than 20%. The company is very low risk. Current production comes from less than 10% of the reserves base. ... reserves increase within the next few weeks, as booking... Sudan Thar Jath 2 will be testing within the next few days. People don't understand what we have in Sudan, the upside is HUGE. Malaysia phase 2 bank financing: We have several offers for at least US$150 million. The value of the Vietnamese oil is even higher than on the Malaysian side. Libya: the pipeline is being built at the moment. Production start prior to year end. Watch the presentation here: financialhearings.com

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