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

To: Tomas who wrote (396)	12/6/1997 12:23:00 AM
From: Timelord	Respond to of 2742

Tomas: I haven't watched Kerm's for a while so I'm not familiar with his investment philosophy, but his change of heart may be that he only deals in Canadian based Oils. I don't know what his other "holdings" are. It is a shame, I think our growth is just beginning to bloom. Maybe we could interest him in RSO? <G> At least it doesn't seem to have hurt the share price any. <<shares are now at the level considered favorable for consumption by Sands>> - I'm not sure what he means here. I do fear there may be some price volatility after the merger as "odd lots" of shares are cleared out, and the market tries to find a value for the new company. If we have success in Libya, a financing package (hhmmm, might be enough left over to buy a certain Jr. oil explorer working in the Sudan <bg>), and a Kazakh concession, these concerns would be minimized. Alex

To: Tomas who wrote (396)	2/16/1998 11:52:00 AM
From: Kerm Yerman	Respond to of 2742

Tomas / Sands Petroleum AB Just came across your posting of some time ago. When I dropped coverage of International Petroleum, it was not because it fell out of favor with me. I thought once the Sands acquisition was consumed, we would not be able to follow Sands closely because it was listed on the Stockholm Stock Exchange. At the time, I didn't know it would eventually be listed on the TSE. I had viewer interest in mind. It was just a couple days later when they announced their discovery via Red Sea. Timing of delisting was terrible. Stay with your convictions. You will do quite well. Kerm