Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Oily1 who wrote (938)	3/26/1999 11:16:00 PM
From: Tomas	of 2742

The Falklands: From The Times, Saturday March 27 The cutback in oil production quotas and the subsequent revival in the oil price has benefited the oil minnows such as those searching for oil off the Falkland Islands. Brokers say seismic studies that had been considered uncommercial when the oil price traded around the $10 a barrel level are now seen as worthwhile. Among the companies that could benefit are Westmount Energy, up 12½p at 30p, Desire Petroleum, 14½p higher at 38p, and Greenwich Resources, 2¼p better at 9p. Even Falkland Island Holdings, the trading company unchanged at 53½p, is expected to benefit.

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