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

To: Tomas who wrote (2242)	3/29/2001 9:25:14 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Lundin welcomes UN probe in Sudan - Upstream, March 30 By James Tham Sweden's Lundin Oil has rolled out its welcome mat in Sudan for independent observers led by United Nations. The company's chief executive Ian Lundin said: "We have invited the special rapporteur to our area in order to assess the situation and our impact there. We welcome visits to the area by objective and impartial parties." "Like the rest of the world we hope that the recent media attention on Sudan will help in finding a solution to the conflicts in Sudan," he added. Lundin was responding to a preliminary report issued yesterday by the UN's special rapporteur for Human Rights in Sudan Gerhard Baum. A final report is expected in a few months. Gerhart Baum, who took up the independent post three months ago and visited Sudan from 9 to 17 March, accused the Islamist government of bombing civilians in the rebellious south and forcibly uprooting local populations to allow oil exploitation. The German lawyer, in a speech to the UN Commission on Human Rights, said both government forces and the Sudan People's Liberation Army (SPLA), the main rebel group in the 18-year civil war, continued to kill, abduct, rape and starve civilians. But Baum stopped short of calling on Western and Asian oil companies to suspend oil activities. "During my visit I gathered further evidence that oil exploitation leads to an exacerbation of the conflict with serious consequences on civilians," Baum told the main UN rights body, holding its annual six-week session in Geneva. "I received information whereby the government is resorting to forced eviction of local population and destruction of villages to depopulate areas and allow for oil operations to proceed unimpeded," he said. Baum declared: "While the main responsibility for stopping this forced displacement is with the parties to the conflict, I appeal to all oil companies operating in Sudan to fully comply with their corporate responsibilities with a view to minimising any negative impact of their operations, particularly before planning new ones." He said he hoped to visit the oil areas in the autumn at government invitation, Reuters reported.

To: Tomas who wrote (2242)	3/29/2001 9:38:06 PM
From: Tomas	Respond to of 2742

Libya Top Of New Ventures Survey For 2nd Year - Robertson Research News Release Libya scored highest yet again in Robertson's International New Ventures Survey, which seeks to ascertain those countries most attractive to international oil companies for new ventures activity. The "top ten" for 2001 are as follows: 1. Libya 2. Iran 3. Algeria 4. Australia 5. Brazil 6. United Kingdom 7. Egypt 8. Iraq 9. Angola 10. Indonesia In a confidential questionnaire, 85 international oil companies rated their level of interest in new ventures in 146 countries outside North America, from which global and regional rankings are prepared. Year-on-year movements up or down the rankings are tracked and analysed. 2001 is the 14th year of the survey. The most popular region is the Middle East, followed by the Far East/Australasia. Outside the top ten the most impressive gains in ranking in 2001 (over 2000) are by Mexico, Ecuador and Morocco, and the biggest falls by Eritrea, Thailand and Myanmar. An overwhelming 72% of survey participants will increase their global E&P budgets in 2001, with 70% increasing spending on exploration. Independents are the most aggressive in this regard. An average oil price of $23.80/bbl has been used for 2001 planning purposes, up from $18.94 in last year's survey and $13.76 for 1999. 51% of survey respondents are actively seeking new ventures in 2001, 56% indicating that they expect to invest in new projects in countries outside those in which they are presently involved. Interest in gas continues to rise, particularly amongst the majors, and 34% of participants expect to increase their deepwater ventures. Robertson, the leading international petroleum service and consulting company, carries out new ventures, exploration, appraisal, development and production projects throughout the world. The International New Ventures Survey is conducted annually as a complimentary service for Robertson's extensive list of oil company clients. For more information contact: Dr Michael E Scrutton Email: mes@robresint.co.uk robresint.co.uk