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

To: Tomas who wrote (2325)	4/25/2001 10:19:25 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

The Falkland Islands: oil exploration Desire Petroleum, Chairman's Statement RNS, April 24 ... The Falkland Islands As a result of the confirmation, by two independent studies, of the presence of a world-class source rock in the North Falkland Basin and the publication of their results by the British Geological Survey and Shell Production and Development Limited demonstrating that, potentially, up to sixty billion barrels of oil appear to have been generated and expelled from the source rock, Desire has concentrated studies on identifying where this oil may have accumulated. To date, these studies have identified eight significant structures together capable of containing more than two billion barrels of recoverable oil. The additional seismic acquired, together with Lundin Oil AB, was designed further to delineate prospects in Tranches F, C and D and this is now being interpreted. Farm-out documents have been prepared and discussions are continuing with potential farm-inees. The prospectivety of the Basin is not in doubt and the resumption of drilling is principally a matter of timing. The cost of bringing a rig to the Falklands is high and several wells need to be drilled to justify doing so. Accordingly, the Company intends to initiate discussions with other Licence Holders, as well as potential partners, with a view to organizing a cooperative approach to commissioning a rig. ... Dr Colin B. Phipps Chairman

To: Tomas who wrote (2325)	4/30/2001 1:37:02 AM
From: Tomas	Respond to of 2742

Russian company signs up for central Sudan block and eyes south Slavneft shoots for Sudan Upstream, April 27 By Vladimir Afanasiev Russian-Belarus joint company Slavneft has signed a seismic and geological interpretation agreement for block 9 in central Sudan. Company officials, visiting the country over the weekend, said it is also considering an exploration and development project in the Melut basin in the southern part of the country. According to the agreement, Slavneft will pass the seismic and geological data over block 9 to its research subsidiary Migts, that is servicing the company's chief oil producing asset Megionneftegaz in western Siberia. Slavneft president Mikhail Gutseriyev says that the company is prepared to start drilling on the block in August if results of the interpretation are positive. Company officials say that Migts has already been working on interpreting the seismic data over block 11 on which Slavneft committed in September last year. Negotiations are under way to conclude a similar agreement for the seismic interpretation and further exploration of offshore block 15, located in the Red Sea. The block is believed to be mainly gas and gas condensate. Slavneft is set to team up with Russian state-owned oil company Rosneft. The company is also said to be aiming to obtain a 46% stake in an international consortium to explore and develop two blocks in the Melut basin in south Sudan.