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

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To: Tomas who wrote (722)	9/1/1998 12:17:00 PM
From: Tomas	Read Replies (1) of 2742

Falklands oil stocks -- 2 AFX Europe: A spokesman for Shell denied that the company has extended its drilling programme in the Falkland Islands. Eric Nixon told AFX News: ''There has been no change of plans.'' tjzw/ln/ _______________________________________ Well, Shell has not extended its drilling programme, but the interesting question is: ARE THEY TESTING THE WELL? I think they are. Sodra Petroleum has confirmed that Shell was supposed to hand over the rig to Sodra at the end of August, but has held on for a further fortnight. Testing the well requires at least 10 days. And testing does not mean "extending the drilling programme"...

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