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Gold/Mining/Energy : Lundin Petroleum LUPE Sweden
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To: Greywolf who wrote (611)3/30/2007 7:33:03 PM
From: FIFOkid  Read Replies (1) of 646
 
I saw it much differently as a VPC sharehholder. I feel Lundin stole the property but what can you do when VPC was really controlled by Lundin anyway. I feel the parties representing VPC failed its shareholders by selling out before the reserves in the Lagansky were proven. With its much smaller float the find would have enriched VPC shareholders immensely. I calculated 6 fold more than the current structure.

I think the risk of the Lagansky prospect lowered considerably once the Filanovsky field was discovered 25 km away and on trend with the block.

The reason why I am writing is LUPE is starting to perk up in price anyone hearing a firm date when the first well in the Lagansky will be completed.
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