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

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To: Oily1 who wrote (938)	3/16/1999 5:13:00 PM
From: Tomas	of 2742

The Falklands. British Geological Survey: A great deal of encouragement Oil optimism Mercopress News Agency, March 05 Dr. Phil Richards a leading scientist with the British Geological Survey, (BGS), based in Edinburgh maintains that "there are some oil companies waiting to return to the Falklands as soon as the price improves". Dr. Richards, Project Manager with BGS, Falkland Islands government consultants said that contrary to earlier reports "there is a great deal of encouragement from the first exploratory stage in the Falkland Islands North Basin". Six wells were drilled between April and December 1998 but no commercial quantities of oil were found. falkland-malvinas.com

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