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

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To: Tomas who wrote (769)	10/13/1998 2:15:00 PM
From: Tomas	Read Replies (1) of 2742

The first four wells drilled in the North Falklands Basin have demonstrated the presence of all the factors required for the presence of economic oil accumulations. Further drilling is needed to find these factors in combination. The Seismic Survey carried out by Horizon for Desire on Tranches "I" and "L" has also been completed and the data acquired are now being processed and interpreted. From Falkland Island News Network, By J. Brock sartma.com

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