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


To: Timelord who wrote (2063)2/23/2001 11:07:45 PM
From: hubbabuba2  Read Replies (1) | Respond to of 2742
 
You were thrown off along w/ everyone from management's flip-flop. [credibiltiy issue again]

"VANCOUVER, B.C., Dec 18, 2000 (pleased to announce that a new exploration well has commenced on an extension of the Bunga Raya Field on Block PM3"

Notice the "has commenced" , only for mg't to come back and change this to "Feb. 8, 2001 ...have commenced drilling the eighth development well on the Bunga Kekwa field..."

Well was it commenced on Dec 18 or not?? Apparently not. So much for the results that should have been out by the change.

In mg'ts partial defense I understand some weather and a change towards faster Kekwa production (which SHOULD have been already sufficently considered) caused the change. If they say it commences if it doesn't they should say so WHEN THEY CHANGE THEIR MIND. Not ignore it, etc..

Thought you pros had caught this (I wasn't posting or I'd have railed). If you talk w/ mg't be sure and let them know there's enough credibility concerns (execution over the years, etc.) without any misstatements.