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


To: Timelord who wrote (1399)11/19/1999 12:19:00 PM
From: Tomas  Read Replies (1) | Respond to of 2742
 
Alex, in early trade in Sweden today Lundin Oil shot up to 33 (US$3.96), the highest price this year (so far). Perhaps people DID get excited about new oil discovery in Libya?
But - after the Q3 report was released people started selling immediately. If you ask me, the report wasn't that bad. see:
lundinoil.com
Next week theyïll probably start focusing on the 200 million barrels(?) in Haruj again.



To: Timelord who wrote (1399)11/23/1999 5:37:00 PM
From: Tomas  Respond to of 2742
 
Lundin Oil: Take a look at the web site! lundinoil.com



To: Timelord who wrote (1399)11/26/1999 8:10:00 AM
From: Tomas  Read Replies (1) | Respond to of 2742
 
National Post: B.C.'s Lundin family doesn't let politics get in the way
International empire

Ian McKinnon
National Post, Friday, November 26

CALGARY - Adolf Lundin, the chairman of Lundin Oil AB,
has been described as one of the most active and powerful
financiers on the Vancouver Stock Exchange.

His sprawling empire includes numerous companies worth
hundreds of millions of dollars in total. Among them are
Red Sea Oil Corp., Tenke Mining Corp. and South Atlantic
Resources Ltd.

"The Lundins take the view that you should not stay away from a
country because of its politics," said Bill Rand, a Vancouver lawyer,
Lundin director and family friend. "You should get in there, although
sure there will be some people you don't like," Mr. Rand said.

Investment creates a middle class that later demands political
improvements and stability, he said.

Mr. Lundin's 39-year-old son, Ian, is president and managing
director of Lundin Oil. He and his father live in Geneva, where
Lundin is headquartered. Another son, Lukas, is also a director.
Lukas Lundin, 41, lives in Vancouver with his wife and four
children.

Adolf Lundin was born in Stockholm in 1932. A mining engineer, he
began raising money in the 1970s in Canada because of this
country's familiarity with junior resource companies.

Lundin Oil was created two years ago when Toronto Stock
Exchange-listed International Petroleum Corp. merged with Sands
Petroleum AB of Sweden. The deal gave the Lundins a 30% stake
of the firm that bears their name.

"They're risk takers, but they don't go to Las Vegas to gamble at
the gambling tables," Mr. Rand said of the three Lundin men. "They
are very creative and imaginative and can see beyond problems that
others fret about."

Ross Sherwood, vice-president of Odlum Brown Ltd., in
Vancouver, is a friend of Lukas Lundin, whom he described as a
keen skier who spends most winter weekends in Whistler. "He's
just a regular dad with a really nice wife and some delightful kids.
He's not into the 'see and been seen' scene, it's just not his way."

Lukas Lundin is president and chief executive of International
Curator Resources Ltd., a Vancouver-based junior miner, and
serves as a director for several firms.

Some human rights activists have promised to turn their attention on
the Lundins once they have concluded their divestment campaign
against Talisman.

One of Adolf Lundin's companies, Argentina Gold Corp., was
acquired earlier this year by Homestake Mining Corp. in a stock
deal worth $189-million (US).

nationalpost.com