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

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To: Tomas who wrote (2588)	6/25/2001 12:32:11 PM
From: Tomas	Read Replies (1) of 2742

TheSUBWAY.com Announces Investment Opinion on Lundin Oil AB WESTON, Fla., Jun 25, 2001 (BUSINESS WIRE) -- TheSUBWAY.com releases the following investment opinions on Lundin Oil AB (Nasdaq:LOILY). Lundin Oil AB (Nasdaq:LOILY) Previous Close: Up 6% to $3.77 on vol. 4,736,900 Shares: ATTRACTIVE Talisman Energy Inc. announced that a wholly-owned Swedish subsidiary will make an offer to acquire all the outstanding shares and warrants of Lundin Oil AB (Nasdaq:LOILY). The acquisition has two main drivers. Lundin's interests in Malaysia have a high degree of technical certainty and good growth prospects. Talisman expects Malaysia will be a core area by 2004 with net production in excess of 50,000 boe/d. In addition, there is room to expand from this base with known development opportunities. The oil industry has focussed on larger opportunities and there are numerous undeveloped fields in excess of 25 million barrels each. Malaysia has recognized the need to provide improved terms for small field development. Ian H Lundin, President Lundin Oil comments, 'We believe the offer represents a very attractive opportunity for Lundin Oil's shareholders. The offer provides a significant premium over the historical trading levels for Lundin Oil shares, and through the spin-off, shareholders will have continued equity participation in a new exploration company with excellent potential for growth through existing oil discoveries and with exposure to some of the largest oil basins in the world.' ... Through TheSubway.com, Capital Research Group (CRG) introduces what in its opinion are undervalued companies to the investment community. Capital Research Group strives to locate companies with enormous growth potential. CRG is a full service public relations / Investor relations firm. ... thesubway.stockpoint.com\176b3921.xml&Symbol=LOILY

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