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

To: Tomas who wrote (1425)	12/2/1999 8:35:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

National Post says Red Sea abandons well drill The National Post reports in its Thursday edition that Red Sea Oil Corp., part of the Lundin family's web of connected companies, has abandoned an unsuccessful well drill in Libya. The Vancouver-based company, controlled by financier Alfred Lundin and his sons, Ian Lundin and Lukas Lundin, said it will gather additional seismic data on the African concession to determine drilling plans. Lukas Lundin, who lives in Vancouver, is president of Red Sea. The family has become rich and famous for its willingness to invest early in political hot spots. Red Sea has a field in Libya scheduled to begin production in 2001 and Lundin Oil AB, another family holding, has a major stake in a large property in Sudan. Source: Canada Stockwatch December 2