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

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To: Tommaso who wrote (565)	5/21/1998 7:59:00 PM
From: Tomas	Read Replies (1) of 2742

London Market report - Falklands oil tiddlers make the biggest splash The Independent, Friday May 22, By Derek Pain Oils, ranging from the behemoths to the tiddlers, provided the stock market action. Little Greenwich Resources continued to thrive on expectations of rich strikes off the Falkland Islands. As is so often the case it was the little'uns which created the excitement. Desire Petroleum led the charge. It is deeply involved in the Falklands search. Floated at 125p last month the shares flared a further 108.5p to an astronomical 414p. On Tuesday Desire said encouraging oil and gas shows had been encountered in drilling off the islands. Since then its shares and those of associated groups have enjoyed a bonanza, reminiscent of the days of the Australian minerals boom of the 1960s. Since Tuesday Desire has surged from 164.5p. And Greenwich Resources and Westmount, each with stakes in Desire, have romped ahead. Greenwich rose 9.5p to 38p; it was 18.75p on Tuesday and Westmount has gone from 145p to 235p, up 45p yesterday. Lasmo, also in the Falklands equation, gained 6.5p to 290p.

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