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

To: Tomas who wrote (1361)	10/27/1999 5:24:00 PM
From: LARRY LARSON	Read Replies (1) \| Respond to of 2742

Subj: Lundin Oil CEO Ian Lundin talks to The Wall Street... Date: 10/27/99 5:42:42 PM !!!First Boot!!! From: AOL News BCC: LUCKI LAR Lundin Oil CEO Ian Lundin talks to The Wall Street Transcript NEW YORK, Oct. 27 /PRNewswire/ -- The Wall Street Transcript has published an in-depth interview with Ian H. Lundin, President and CEO of Lundin Oil AB (Nasdaq: LOILY), in which he talks at length about his company's future. The entire 3,400 word interview is available free online at twst.com He says, "Lundin Oil AB is a Swedish independent oil and gas exploration and production company. We're purely involved in the upstream side of the oil business, and we have a totally global focus. We don't have any restrictions in terms of what countries we can go into, and what countries we cannot go into. We basically just go where we think we have the best chances of finding oil, and where we can get the best fiscal terms." He explains, "We have over 8000 barrels a day of production in the North Sea and development activities going on in Libya, Malaysia and Sudan. In Malaysia we also have some production. Our net share of production there is over 5000 barrels a day. So total production in the company is about 14,000 barrels a day." Looking forward, he states, "We have some big projects underway at the moment which we hope will increase the size of the company substantially over the next three to four years. Once Phase II of our development project in Malaysia comes on stream and our Libyan discoveries have been developed, we expect our production to go up to 40 to 50,000 barrels a day by 2003, 2004." This interview is part of The Wall Street Transcript's 125-page Oil & Gas Producers Issue available at twst.com and is also part of The Wall Street Transcript's Natural Resources sector available at twst.com or by calling 212-952-7433. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 35 years. TWST offers an Oil & Gas newswire and free excerpts of analyst and money manager interviews featuring their recommendations at twst.com The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800-246-7673. SOURCE Wall Street Transcript CO: Wall Street Transcript; Lundin Oil AB ST: New York IN: PUB SU: 10/27/1999 13:42 EDT prnewswire.com Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: News Profiles and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News