Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Tomas who wrote (802)	11/2/1998 12:38:00 AM
From: Tomas	Read Replies (2) of 2742

Sudan: Lundin Oil has completed a program of 1,270 line km of seismic acquisition in Block 5A. The Company has defined several prospects and leads using the recently acquired seismic in preparation for a two-well drilling program due to commence in the first quarter of 1999. Block 5A is adjacent to and on the same geological trend as the Unity and Heglig fields which are reported to contain estimated oil reserves in excess of 700 million barrels. The pipeline to the Red Sea coast: over 500 km of pipeline completed to date. The pipeline is expected to be completed in April of 1999.

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