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


To: Razorbak who wrote (2020)2/7/2001 3:39:08 PM
From: Greywolf  Respond to of 2742
 
Razor & Alex,

I did not think it was a question of veracity. My post should be equated with "eating my hat" if this is not true. As I do not have a hat or use one I thought putting something other on the line that would be more in line with the info given by people like yourselfs and others on the site ie usually with a high content of veracity.

As far as to why I would wager something well I have followed this company and others in the group since their inception and after awhile you get to know a thing or two, or at least think you do *g*.

Basically it´s the sum of all the parts on this one.



To: Razorbak who wrote (2020)2/8/2001 11:52:02 AM
From: Greywolf  Read Replies (1) | Respond to of 2742
 
Lundin Oil Spuds Development Well Offshore Malaysia/Vietnam

VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 8, 2001--Lundin Oil AB (Nasdaq:LOILY - news), through its wholly owned subsidiary Lundin Malaysia
Limited together with PETRONAS Carigali and PVEP (PetroVietnam Exploration and Production Company) have commenced drilling the eighth development well
on the Bunga Kekwa field, offshore Malaysia/Vietnam.

A ninth well will be drilled immediately following. The field is located in the PM-3 CAA and is currently producing 14,300 barrels of oil per day.

After completion of the two development wells on the Bunga Kekwa field, the drilling unit will be mobilized to the nearby East Bunga Raya exploration well location,
in order to test a large prospect with shallow gas bearing sand channels and deeper oil targets.