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


To: Tomas who wrote (1382)11/7/1999 6:29:00 PM
From: Tomas  Read Replies (1) | Respond to of 2742
 
Sudan: Calgary oil analyst Martin Molyneux praised Buckee and Talisman
for having the guts to go into the Sudan when no others would.

The Sudan reservoir contains an estimated one billion barrels
of oil, putting it in the same league as the North Sea.

"The bottom line in all of this is they've got this huge
opportunity that none of them have seen in their careers," said
Molyneux.

"Talisman can do a lot of good in this country."

Other oil companies would line up to buy Talisman's project
for as much as $1.5 billion if it walked away from it
,
Molyneux said.

"They (companies) don't give a tinker's damn about what
Albright or Axworthy says."

Molyneux believes Talisman shares should be trading at $50
each now with a 12-month projection of $65.

Full article: The Canadian Press, November 5
Talisman's solid third quarter overshadowed by Sudan
Message 11837815