Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Alan Greenspan who wrote (647)	7/7/1998 12:18:00 PM
From: Greywolf	Read Replies (1) of 2742

According to Magnus Nordin the gas deal with Malaysia and Vietnam is on the table, have we heard this before? Yet it seem's that this time it is close to being signed. Test results from the Malaysian drill is expected in a week to ten day's. You are right when you say thing's have been on the way for a long time, yet I belive Lundin has had more than it's share of bad luck as far as timing goes. Red Sea Oil is about to start the second round of drilling in Libya, the drill that should confirm the extent of the reserve in this part of the field. Up towards 300 miljon barrels? Not impossible. The stock has probably found bottom in Sweden and seem's to be holding around the 32-33kronor mark. For the sector though it's up to OPEC and the rest tp prove the doubters wrong...

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