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

To: Greywolf who wrote (2302)	4/18/2001 7:51:08 PM
From: Henrik	Read Replies (1) \| Respond to of 2742

<<Jarayan-1 Not such a Dry Hole after all,>> - but not worth going for it ? "......suspended the Jarayan-1 exploration well after encountering sub-commercial quantities of oil. " biz.yahoo.com

To: Greywolf who wrote (2302)	4/18/2001 9:30:06 PM
From: Razorbak	Read Replies (1) \| Respond to of 2742

Dry Hole Greywolf: "Dry hole" is an economic term used to denote sub-commercial quantities of hydrocarbons. It is not a technical term used to denote the physical presence of hydrocarbons. Since the press release stated that Jarayan-1 encountered "sub-commercial quantities of oil," then it's a dry hole. I am still very bullish about this stock. I only posted the press release for information. This recent news has, in no way, diminished my outlook for the stock. LOILY is by far my largest holding at present, and I expect at least a double within 6-12 months. JMHO. Razor