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

To: Tomas who wrote (1629)	5/7/2000 9:10:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 2742

Tomas, Just a hypothetical question. Would it be legally and financially possible for Lundin Oil to do a leveraged buyout of itself at $3.00 (USD)a share and take the company completely private?

To: Tomas who wrote (1629)	5/8/2000 9:52:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

PNG gas pipeline: Chevron vice chairman to meet PNG leader BRISBANE, May 8 (Reuters) - Chevron Corp vice chairman Richard Matzke will meet Papua New Guinea Prime Minister Sir Mekere Morauta on May 13 to discuss progress in launching a proposed natural gas pipeline to Australia, Chevron said on Monday. The A$3.5 billion project to transport PNG gas some 3,000 km under the Coral Sea to Australia's fast-industrialising state of Queensland is awaiting commercial and environmental clearance from the PNG and Australian state and Commonwealth governments. Project head for Chevron, John Powell, said the meeting was designed to send a message to the PNG leader ``that it is not just the PNG government that's part of the stakeholder activity.'' ``Richard Matzke is scheduled to meet the prime minister on Saturday (May 13),'' Powell told Reuters. Powell said the message would be conveyed in conjunction with the other project participants, including Exxon Mobil Corp (NYSE:XOM - news), Oil Search Ltd (Australia:OSH.AX - news) and Orogen Minerals Ltd (Australia:OML.AX - news). The timetable for development of the project has slipped as the backers await commercial commitments from Australian gas consumers. Hungry for foreign investment for the impoverished South Pacific nation, Morauta has made development of the pipeline project a priority for his administration. A mix of local and international oil companies has already agreed to provide up to 600 million standard cubic feet of gas per day to the pipeline from PNG's Hides, Kutubu, Gobe and Moran fields for 30 years. The project also is awaiting release of a clean energy strategy from the Queensland government before finalising contracts with customers. Based on options agreements, held by the Australian-listed Orogen Minerals, the Papua New Guinea government could eventually control some 23 percent of the project's gas reserves. biz.yahoo.com