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

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To: balisurf who wrote (655)7/14/1998 11:18:00 PM
From: arakisman  Read Replies (1) of 2742
 
What is the general feeling of LOILY Shareholders, that Lundin's are faced with making a decision on their large investment in Arakis Energy. Lundin's who own almost 9 million share, might have to step in and help finance this project. This is probably away to insure their investment in Sudan, or face a lost of more then 30 million dollars and no access to the pipeline. The proven reserves in Sudan and projected reserves are enormous. Just would like to know how LOILY Shareholders feel about this. THANKS
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