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

To: Tomas who wrote (2141)	3/7/2001 12:08:46 AM
From: Tomas	Respond to of 2742

Sudan: The 940 mile (1500 km) long pipeline from the oil fields to Port Sudan: Engineering and construction contracts awarded in January 1998. Pipeline construction began in May 1998. Oil exports started in August 1999. __________________________________________ From Talisman: Financial results for 2000, March 6 Production from Sudan exceeded expectations, running at 20% over nameplate plant capacity in the first full year of operations. ... Outlook: Oil production is expected to increase 10-15% this year, with four new oilfields being commissioned in the North Sea and continued debottlenecking of processing facilities in Sudan.

To: Tomas who wrote (2141)	5/1/2001 11:19:54 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

Sudan oil: Talisman products netback (C$/bbl) Sudan Q1 2001 Q1 2000 Sales price 32.54 36.25 Hedging 0.14 1.58 Royalties 12.41 11.07 Operating costs 3.71 3.55 ------------------------------------ Netback 16.28 20.05 ______________________________________________ Talisman Operating costs $/boe Q1 2001 Q1 2000 Canada 4.14 3.20 North Sea 8.74 8.22 Indonesia 4.67 3.95 Sudan 3.71 3.55 ---------------------------------- 5.54 4.96 __________________________________________________ Depreciation, depletion and amortization (DD&A) $/boe Q1 2001 Q1 2000 Canada 7.08 6.53 North Sea 11.17 10.28 Indonesia 6.52 5.58 Sudan 3.86 4.78 ---------------------------------- 7.88 7.49 DD&A increased on a per unit basis due primarily to decreased production. In Canada, DD&A was up 8% due partially to increased land costs and the addition of midstream assets. In the North Sea and Indonesia, the increases were due to reduced volumes. In Sudan, production increases and reserve additions reduced the per unit DD&A.