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

To: Tomas who wrote (2266)	4/9/2001 12:11:59 PM
From: Tomas	Respond to of 2742

Lundin Oil: Malaysia/Vietnam Production Boosted by 30% VANCOUVER, B.C.--(BUSINESS WIRE)--April 9, 2001--Lundin Oil AB (Nasdaq:LOILY - news; SSE:LOILB.) together with Petronas Carigali Sdn Bhd and PetroVietnam Exploration and Production, are pleased to announce the completion of a production enhancement program and the commencement of a new exploration well on Block PM-3 CAA, offshore Malaysia/Vietnam. The production enhancement program has increased production rates from the Kekwa Field by 30% to approximately 18,000 barrels of oil per day (bopd). This represents 7,500 bopd net to Lundin Oil on a working interest basis. The project included the drilling of two new development wells and the workover of four existing wells. The two new development wells, BK-A8 and BK-A9, tested 5,880 barrels of oil per day and 4,375 barrels of oil per day respectively. The drilling unit has now been repositioned and is currently drilling the East Bunga Raya-1 exploration well. This well will test a large shallow gas prospect and several deeper oil targets. Lundin Oil's President, Ian Lundin commented, ``We are very pleased with the results of this production enhancement program. The cash flow from this increased production level in the present climate of high oil prices will contribute significantly to the funding of the Phase 2 development project.'' The Phase 2 development project remains on schedule and on budget with first production of 250 million cubic feet of gas and 40,000 barrels of oil per day planned for the end of the 3rd quarter in 2003. Lundin Oil is a Swedish independent oil company exclusively engaged in oil and gas exploration and production. The Company is producing oil and gas in the UK sector of the North Sea and oil offshore Malaysia/Vietnam. The Lundin Oil Group has a development project in Libya and ongoing exploration projects in Libya, Albania and the Sudan. The Company's shares are publicly listed on the Stockholm Stock Exchange (symbol ``LOILB'') and on NASDAQ (symbol ``LOILY''). -------------------------------------------------------------------------------- Contact: Lundin Oil AB Ian H. Lundin, +4122-319-6600 or Lundin Oil AB Sophia Shane, 604/689-7842 www.lundinoil.com info@lundinoil.com

To: Tomas who wrote (2266)	4/9/2001 8:26:05 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Mandela efforts over Lockerbie continue BBC, 9 April The former South African President Nelson Mandela has said he will continue to work towards solving the Lockerbie bombing case as Libya seeks to have UN sanctions lifted. Mr Mandela said he plans to discuss the case with the British Prime Minister, Tony Blair, when he visits the UK later this month. He was speaking after a meeting in the Libyan capital Tripoli with the Libyan leader, Muammar Gadaffi, in which he said he had been given new facts about the case. Libya insists that the intelligence officer, Abdel Basset Ali al-Meghrahi, who was convicted of the bombing, is innocent. But the US and Britain say that sanctions will only be lifted when Libya accepts responsibility for the bombing and pays compensation to the victims' families. Mr Mandela was instrumental in persuading Mr Gadaffi to hand over for trial the two Libyans suspected of the 1988 bombing of PanAm flight 103 over Lockerbie.