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

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To: Tomas who wrote (67)6/24/1997 8:09:00 PM
From: Timelord   of 2742
 
Tomas:

Volume here at 40K, only 6.5% move, but I think tomorrow or Thurs will see some fireworks, following Stockholm market. You obviously can get a lot more information about our markets than vice versa. Hard to get shares except at Ask, I've been trying since Friday. Finally had to pay market today, but still closed up an 1/8th from my buy price - can't complain! Very happy with my current position and avg cost.

Would be great to see announcement of production and further drill tests at same time next week. Lots of fuel for the fire!

You mentioned the PNG Pandora project on a previous post. What's in store for the next 6 months? I know a pipeline feasability study with Chevron was in progress, and there was some excitement over the Flinders Prospect in block PPL152, with both gas and hydrocarbon potential. I haven't seen any drilling schedule for that, is that in the works for 1998?

Alex
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