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

To: Tomas who wrote (2348)	7/31/2001 11:47:02 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan: from Talisman's Q2 press release, July 30 Sudan Sudan production is higher due to capacity expansions and the tie in of new wells. Production in the second quarter was 53,208 bbls/d net to Talisman. Debottlenecking of the central processing facilities was completed and additional pumps will be installed on the pipeline such that gross production capacity should exceed 230,000 bbls/d by year end. The Bamboo field started production in July and start up of the Khairat NE field is imminent. During the quarter 13 wells were drilled of which 12 were successful. A production test of the Kaikang well in Block 4 was successful and tested 2,200 bbls/d. The Sudan oil price averaged $40.22/bbl (2000 - $40.61/bbl) which is significantly higher than the $32.54/bbl realized in the first quarter of 2001 due to increases in the benchmark Minas price, market demand for Nile Blend crude and reduced transportation costs. ... In Sudan, production increases and reserve additions reduced the unit DD&A costs (DD&A = Depreciation, depletion and amortization costs). ... Lower volumes in the North Sea and Indonesia were partially offset by increases in Sudan. Source: biz.yahoo.com