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

To: Tomas who wrote (1356)	10/23/1999 12:53:00 PM
From: Greywolf	Read Replies (1) \| Respond to of 2742

Ummm I wonder, If Adolfïs "no more Falklands" statement is not a bit of smoke and mirrors. Shell did find oil and had oil in the hole. That much is clear and why move Sodra somewhere else? I bought shares in exploration off the Falklands and would gladly do so again simply because the possible reward is huge. I can find no reason for the BGS to say that there is oil in the basin unless there is. Politically in respect to Argentina it would be more advantages to not say anything yet this is not the case. At least the word is getting out, something that the group of oil companies may have not wanted to happen until the time is ripe. Oil at above $23 per barrel makes time more ripe thatïs for sure.

To: Tomas who wrote (1356)	11/2/1999 7:06:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

The Falklands: From the Aberdeen Press & Journal, Saturday 30th October Desire Petroleum Chairman Colin Phipps: ... "We are encouraged by the confirmation that significant oil has been generated in the North Falkland Basin." Desire, which had been exploring for oil off the Falklands, announced in August that it was merging with Gaelic, which had been searching for oil and gas off Portugal. That move followed a halt to the Falklands drilling after a sharp oil price drop, as Desire sought other opportunities. Since that announcement, Desire received the preliminary results of a technical study of the North Falklands Basin, which confirmed the richness of the oil source rock there. Also, the British Geological Survey said the source rock was one of the two richest in the world. The volume of crude oil was calculated to be in the range of five to fifteen billion barrels. "The company is currently studying where this oil may have accumulated with a view to identifying further drilling locations." Copied from Oily1 on the Desire Petroleum thread