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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?


To: Timelord who wrote (1333)9/24/1999 11:54:00 PM
From: Razorbak  Read Replies (2) | Respond to of 2742
 
There you go, trying to jinx everything again! <gg>



To: Timelord who wrote (1333)9/25/1999 7:59:00 AM
From: Greywolf  Read Replies (1) | Respond to of 2742
 
Timelord,

The Show is more fact than show this time and they are meeting interested parties eye to eye. The presentation material for the meeting can be found at
greywolf.se

I will say it its 14Mb big.. Very good material though.
As far as the stock price goes I envisage a perk me up shortly. :)

Greywolf



To: Timelord who wrote (1333)9/30/1999 12:33:00 AM
From: Tomas  Read Replies (1) | Respond to of 2742
 
US Oil: Groups to check properties in Libya - Financial Times, September 30
By Hillary Durgin in Houston

A consortium of US oil companies has received
permission from the US government to travel to Libya
and inspect properties they relinquished 13 years ago
after the imposition of sanctions against the Tripoli
government.

The permit, which was issued to Oasis, a company
comprising Amerada Hess, Conoco and Marathon Oil, is
seen by some as a small step in the possible easing of
the sanctions and the return by US companies to doing
business with Libya. US energy companies have
complained that sanctions have cost them a competitive
edge in the oil nations in the Middle East, including Iran.

"It's obviously a small step - it's not the same as being
able to do business there again," said Richard Haass,
director of foreign policy studies at the Brookings
Institute in Washington DC. "It suggests that the US
government might be prepared to ease sanctions parallel
to Libya co-operating with the Pan Am 103 trial and
improving its behaviour."

The United Nations Security Council lifted sanctions
against Libya in April, a year after Col Muammer Gadaffi
surrendered the two Libyans charged in connection with
the bombing of the flight over Lockerbie, Scotland, in
1988. That has resulted in a flurry of interest in renewed
foreign investment in Libya.

But the US sanctions, which were implemented in 1986
after several terrorist attacks involving US interests and
Libyan nationals and ban trade between US companies
and Libya, remain intact.

Conoco, which has been adamantly opposed to US
sanctions policies, remained cautious. "This is one trip
to inspect our assets that we left behind in 1986," said
Carlton Adams, a Conoco spokesman.

"We can do, will do, no new business discussions, and
it certainly does not signify a change in US policy."

Occidental Petroleum has received a similar permit.

Conoco, based in Houston, will travel to Libya to evaluate
the properties, which are now owned and operated by the
National Oil Company of Libya, its former partner. At the
time the companies left, the properties were producing
400,000 barrels of oil per day.

The Oasis partnership has had standstill agreements
with the Libyan national oil company that outline
conditions under which the companies could return to
their properties if sanctions are lifted.