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

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To: Tomas who wrote (2589)	6/25/2001 2:42:38 PM
From: Greywolf	Read Replies (1) of 2742

Khanty cranks up IPO, Upstream 15:30 GMT Lundin Oil/Petroleum owns a 10% share of this baby and for very good reason... Khanty Mansiysk Oil Corporation, the US-based producer operating in the Khanty Mansiysk region of Siberia in Russia, said on Monday its initial public offering may raise up to $117 million, more than previously expected. The company said in an amended filing with the Securities and Exchange Commission that it plans to offer 7.3 million common shares for between $14 and $16 apiece. This was the first time the company had disclosed the terms since filing a preliminary prospectus with the SEC in mid-May. At that time, Khanty indicated it had hoped to raise as much as $100 million, Reuters reported. Khanty has applied for a Nasdaq listing under the symbol KMOC . A debut date has not yet been set. The company holds production licenses to nine fields in the Khanty Mansiysk region, according to the filing. Of the nine fields, three are currently producing.

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