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 (2500)	6/11/2001 11:00:38 AM
From: Greywolf	Read Replies (1) of 2742

Talisman/Lundin - no comment, Companies refuse to comment on possible deal Talisman/Lundin - no comment Upstream 14:41 GMT Lundin Oil and Talisman Energy have refused to comment on a report last Friday in UpstreamOnline that they are in talks about a major corporate deal between the two. However, Lundin claimed that an agreement with a suitor is imminent. Ian Lundin said: "We cannot comment at all. We were hoping to make a formal announcement this week, but now we are hopeful it will be next week." A spokesman for Talisman said: "We do not comment on yet another Talisman rumour." Lundin reiterated that the Swedish company wanted to continue in the oil and gas business and desired a spin-off to develop its high potential, more high risk assets through the sale of more mature assets. He denied rumours in the market that Lundin may be positioning itself to takeover Talisman's big Sudan operation, thereby giving Talisman a route out of this troubled country. "I can confirm this is not the case," Lundin said.

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