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

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To: Tomas who wrote (821)	11/6/1998 9:16:00 AM
From: Tomas	Read Replies (2) of 2742

More on Sudan: Talisman/Arakis in the October issue of Petroleum Economist "In addition to the costs of the takeover, Talisman estimates it will spend C$380 million over the next 3 years to finance it's share of a 450,000 b/d pipeline now under construction, as well as more exploration and development on the concession. It estimates production will initially add 37,500 b/d to it's output, and start earning money in 2003. But over time it sees company reserves climbing to 900 million barrels based on a 30% recovery rate and it's 25% share of 12 billion barrels in place." The above is just an excerpt, there are 2 articles on Canadian Junior Oils titled "Accelerating move abroad" and "Juniors starved of capital". There's more about Talisman/Arakis than any other company. The articles are unfortunately not available on the magazine's home page petroleum-economist.com

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