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

To: Timelord who wrote (397)	12/6/1997 2:10:00 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

Alex: The exciting oil shows at the Zelten formation was highly unexpected, Veba's En Naga field (15 km south east of En Naga North) encountered oil only at the Facha and Beda levels. But a lot of oil is produced at the Zelten level in other parts of the Sirte Basin. Beda is still the main target, Red Sea Oil is anticipated to reach that level during next week. My impression is that Sands is more excited about the oil shows this time. Maybe it's worth rolling the dice that they actually have something there...? It depends on how much of a gambler you are. Almost 800,000 RSO traded today, 477,000 yesterday, stock price up 150% in just one week. Hm. The final announcement is expected a few days or a week before christmas, just at the time of Lundin Oils birth. A coincidence? They must be pretty sure to hit something this time. Tomas