Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Timelord who wrote (723)	9/1/1998 12:47:00 PM
From: Tomas	Read Replies (1) of 2742

Alex: They have finished negotiating the Malaysia/Vietnam gas contracts, both countries have already agreed on all terms. Now Lundin Oil is just waiting for the Vietnamese bureaucrats to sign the contract. No problems, just slooow. The Bunga Kekwa well spudded 3 weeks ago looks great, they are testing the well right now. A press release will be issued late this week or early next week. Both this and the next well will be brought on production immediately. During the first 6 months this year they were only producing from 2 wells in Malaysia, now they have 3 wells in production. And within a month 5 wells, production will at least double, probably more. Production cost: $3.50-4.00 per barrel.

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