Lundin Oil (LOILY, LOILB Sweden) Message Board

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

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To: Jordan Electron who wrote (1089)	5/20/1999 11:29:00 AM
From: Greywolf	Read Replies (1) of 2742

Report from the meeting, Lundin Oil's production for Q1 was 14.173 bopd and average price attained for that oil was $11.31 as opposed to $14.18 during the same period 1998. The North Sea production was 9.001 bopd and for Malaysia the balance ie 4.480 bopd which is down from 1998's 5.046 bopd. Adolf Lundin expects En Naga to pump something in the region of 12.500 bopd within 12 month's of the OK from the Libyan's on construction plan. That put's the production start up somewhere in Q4 next year. more to come....

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