Lundin Oil (LOILY, LOILB Sweden) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greywolf who wrote (2697)	8/9/2001 8:49:22 AM
From: Greywolf	Read Replies (1) of 2742

Worth a note is, The prospects for Lundin Petroleum are indeed exciting: * In Sudan there is a major discovery known as Thar Jath on Block 5A. We are together with our partners and the Government of Sudan committed to the fast track development of the Thar Jath field through the installation of a pipeline connecting Thar Jath to the main trunk line that goes to Port Sudan. * The remaining prospectivity of Block 5A and Block 5B is significant. The potential of these two Blocks (which cover most of the Southern Half of the Muglad Basin) is similar to the northern half of the Basin where approximately 1 billion barrels of oil have been discovered to date. * As part of the transaction, Lundin Petroleum will also inherit certain rights, which may result in the acquisition of other highly prospective blocks in the Middle East and North Africa. * The new Company will have the management resources to build Lundin Petroleum into a force in the oil business. We are all fully committed to achieve this objective. From the Report out today..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next