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

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To: Tomas who wrote (2472)	6/1/2001 10:06:45 AM
From: Tomas	Read Replies (1) of 2742

Lundin Oil strikes oil 3 km from Sudan discovery Oil & Gas Journal, June 1 HOUSTON, May 31 -- Lundin Oil AB, Vancouver, said Thursday a Sudan appraisal drilled 3.1 km from the Thar Jath-1 discovery established 100 m of net pay. Lundin Sudan Ltd., a Swedish oil company, is operator with a 40.4% interest in Block 5A. Petronas Carigali Sdn. Bhd. has 28.5%, OMV (Sudan) Exploration GmBh has 26.1%, and Sudapet has 5%. The appraisal well flowed 2,000 b/d from separate tests in the Bentiu and the Aradeiba sands. The Thar Jath-1 had flowed 4,260 b/d. Lundin Oil Pres. Ian Lundin said appraisal well results and 3D seismic data would provide information the company would use for a development plan.

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