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Gold/Mining/Energy : Lundin Petroleum LUPE Sweden

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To: Tomas who wrote (578)8/12/2004 9:21:52 PM
From: Tomas  Read Replies (1) of 646
 
Ramco close to Irish truth
Upstream, Friday, August 13
By Iain Esau

Aberdeen-based Ramco Energy said its technical review of the beleaguered Seven Heads gas field off Ireland is nearing completion.

However, chairman Peter Everett said the summarised findings would not be announced until the end of August at the earliest.

The company also said it is in talks with third parties who are interested in participating in its Irish interests, including Seven Heads, adding that there are on-going third party discussions on the possible farm-out of some of the other exploration projects in its portfolio.

Seven Heads came onstream in December 2003 as a subsea tie-back to Marathon's Kinsale Head facilities.
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