Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Rick W. who wrote (446)	1/14/1998 9:56:00 PM
From: Tomas	of 2742

Rick: If you haven't tendered your shares yet you don't have to do anything, just wait until mid-February, then your shares will be converted to Sands GDR's. Sands is trading 32% higher than IRP today, that is a 17% premium based on today's stock prices! IRP closed at 5,60, +17% = 6,55, almost $1 extra. It's worth waiting for. Sands' offer is looking more and more attractive, they have a 40% stake in the Libyan concession, watch the RSO thread for news. I expect the test results to be announced next week. The well is definitely commercial. The company will be renamed Lundin Oil in March.

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