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

To: Tomas who wrote (1518)	3/11/2000 3:19:00 PM
From: Tomas	Read Replies (3) \| Respond to of 2742

Libya: Hyundai To Expand Oil Exploration Around World SEOUL, March 9, Asia Pulse - Hyundai Corp said Thursday that it would expand investment in oil and gas exploration projects around the world, starting with Libya's "elephant" oil field in the second half of this year. The company said it hopes to secure enough oil reserves to prepare for an era of high oil prices. The elephant oil field, discovered in 1997, is believed to have oil deposits of 700 million barrels. Hyundai will tap the oil field in two stages. Preliminary surveys of the field were already completed by a consortium it set up with a number of Korean firms, including Korea National Oil Corp. From the second half of this year, the consortium can pump 50,000 barrels of crude oil per day and 150,000 barrels per day from 2003 in the second phase of the work. Hyundai expects to earn 11.6 billion won (US$10.3 million) from its Maribe oil field in Yemen this year and US$100 million from the elephant oil field when it is ready for full operation. The Maribe field was developed in 1987.

To: Tomas who wrote (1518)	3/22/2000 9:06:00 PM
From: Tomas	Respond to of 2742

Malaysia: Cocktail Reception To Mark Project Launch - New Straits Times, March 23 LUNDIN Malaysia Limited held a cocktail reception at the Renaissance New World Hotel in Jalan Sultan Ismail Kuala Lumpur recently to launch the second phase of its development project, the Block DM-3 Commercial Arrangement Area, between Malaysia and Vietnam. Hosting the reception was its parent company Lundin Oil AB president Ian Lundin who was seen with Lundin Malaysia general manager Ted Webb and Swedish Ambassador Herald Faith. Present were Lundin Malaysia finance and administration manager Zulkefli Abdul Rauf, compliance co-ordinator Sarinah Mat Salleh and Lundin Oil finance director and chief financial officer C. Ashley Heppenstall. Also there were Petronas project engineering manager Mohd Yakin Alias, Lundin Malaysia senior structural engineer Md Yusoff Tapri, project services manager David Ladd and Thomas Philip, Kwa & Lou partner Mathew Thomas Philip. Others were Petronas economic section senior manager Samsudin Mohd Yusoff, PetroVietnam deputy general manager Nguyen Hong Nga, assistant manager Pham Kim Trung and PetroVietnam Exploration and Production Company general director Dr Vu Ngoc An.