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


To: Tomas who wrote (2182)3/16/2001 12:43:47 PM
From: hubbabuba2  Read Replies (1) | Respond to of 2742
 
Your right that the Sudanese allegations are way too harsh in the Swedish press. We all know they're not ruled by "the tupperware lady". But at the end of the day they need money and globalization to avoid implosion. The primary risk would be nationalization, and that's not being aledged.

Corruption is everywhere:
"March 16, 2001

'Soft Money' Study Shows Concentration
Of Donations From Wealthy Contributors
By DAVID ROGERS
Staff Reporter of THE WALL STREET JOURNAL

WASHINGTON -- Nearly two-thirds of the unregulated "soft money" campaign contributions in the last election -- about $296 million -- came from just 800 donors who gave at least $120,000 each."

Too bad Lundin burned their U.S. investment (money manager)
bridges long ago. {Why I didn't go to is @!#(^%^.) Then Swedish press wouldn't be wagging the stock so hard.
Timely execution, execution, execution. No wonder it's a penny stock.



To: Tomas who wrote (2182)3/17/2001 11:36:07 AM
From: Tomas  Respond to of 2742
 
OT: Repsol, OMV, TotalFinaElf and Norway's Saga Petroleum Announces New Libyan Discovery
By Jeffrey T. Lewis and Gabriel Lazarus

Madrid, March 16 (Bloomberg) -- Repsol YPF SA, Europe's fifth-largest oil company, said it discovered oil at a second well during exploration in Libya.

The well in the Murzuq Basin, 800 kilometers south of Tripoli, produced oil at a rate of 1,300 barrels a day in production tests, the company said in a press release.

Repsol is testing the site on behalf of a group of oil companies including Austria's OMV, Total Fina Elf, the fourth-biggest publicly traded oil company, and Norway's Saga Petroleum.

Repsol began searching for oil in the area in May 1998, when the Libyan government granted approval for exploration and production sharing arrangements with foreign companies.