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

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To: Tomas who wrote (494)	2/9/1998 8:47:00 AM
From: balisurf	Read Replies (2) of 2742

Tomas, Both companies (Fina & IPC) are in the "final strokes" of negotiating a unitization agreement for the Bunga Kekwa field-Fina has a 3D and IPC has a 3D that overlap. Apparently negotiations are very amicable and both the Malaysian and Vietnamese governments have said "you guys sort it out". Fina is attempting to tender a rig for a 4-5 well program to delineate their 4 seperate discoveries (including B.K.) So, 100 million barrels in B.K.? With a complex combo strat/structure trap like that it is possible. What portion is on the Vietnam side I don't know exactly, but it is small. The gas (48 bcf) is way..way.. understated. Time to drill some development wells....Fina also looking for a partner as they hold 100% equity in their block-IPC maybe?????

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