Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Timelord who wrote (406)	12/17/1997 12:13:00 AM
From: Tomas	Read Replies (1) of 2742

The Falkland Islands: The potential in IPC's and Sands' Tranche F is now estimated to 2 billion barrels of oil, according to Lundin yesterday. A couple of months ago the figure was 1 billion barrels. And yesterday was the first time they didn't mention anything about farming out a part of the Falklands interest (40/60), Lundin just said "Sands and IPC have a 100% interest, drilling commences 1998...". He also mentioned Lundin Oil's anticipated corporate debt financing in the amount of US$300 million... Hm, a coincidence, or what?

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