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

To: Greywolf who wrote (1486)	2/14/2000 12:03:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

The Saigon Times Daily, Feb.14: Lundin Oil AB Announces Malaysia/Vietnam Gas Sales Agreement (SGT-HCMC) Lundin Oil AB has announced the signing of a gas sales agreement with Petronas and PetroVietnam, the Malaysian and Vietnamese national oil companies, whereby 250 million cubic feet per day of gas will be sold from the PM-3 Commercial Arrangement Area over a period of up to twenty years. A press release from the company says approval has been received from Petronas and PetroVietnam to the field development plan for phases 2 and 3 of the PM-3 CAA project which envisages first gas delivery in the second half of 2003 and initial liquids production of 40,000 barrels per day. "We have already discovered substantial quantities of oil and gas and are confident that the PM-3 CAA area contains significant additional reserves that will assist in developing the growing economies of Malaysia and Vietnam well into the new millennium,' Ian H Lundin, president of Lundin Oil, said in the release.