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

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To: Timelord who wrote (592)	5/27/1998 11:33:00 PM
From: Tomas	Read Replies (1) of 2742

The Falklands: It's hard to believe one's eyes, The Times got everything wrong! Yesterday they once again wrote that Desire is drilling off the Falklands and may have struck it rich. But they haven't started drilling yet... Today they say Shell is about to commence drilling. But this time it's really Desire's turn! "Amerada's abandoned plot is valued at œ1.79 billion." Abandoned?!? They will be drilling in November again! "The oil boom could well have ended before it has a chance to begin". What?? Contrary to expectation they found hydrocarbons in the very first well, now we know there's oil in the Falkland basin. It's not over, on the contrary, it has just started! That journalist obviously doesn't know anything about oil exploration. Giving up the Falklands just because the first well wasn't commercial, what an idea. The big question was if any oil has been generated in the basin. Now we know the answer, it's a big step forward. The next question is: Are there commercial quantities? If the answer is yes, they will find it sooner or later. The oil boom has just started!

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