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

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To: Tomas who wrote (198)	8/15/1997 8:18:00 AM
From: balisurf	of 2742

Tomas, An article this week found in the oil industry newsrag "Upstream" stated the regional Malaysian government is making noises about a 5% backin to the PM-3 concession. PM-3 is located in an area under a local government's administration who apparently form the only elected opposition to the current ruling party in Malaysia. I believe all Malaysian contracts have this stipulation but I do not know if it is commonly exercised or if the the JDA area of PM-3 is subject to this provision. Also, would the 5% come out of Petronas's interest or the partners? Any facts or comments on this?

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