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

To: Donald Lickman who wrote (434)	12/30/1997 2:25:00 AM
From: Tomas	Respond to of 2742

Donald: If the merger took place today you'd get a 15,5% bonus for your IRPPF and 11,5% for IRP, eqvivalent to 5,05 for IRPPF and 7,25 for IRP. (Sands is trading at US$5,80 = CAD$8,30, and the IRP/Lundin Oil conversion ratio is 1,15). This is a good "safety margin", and it's a good reason for buying now instead of waiting until after the merger! If you believe they have a commercial well in Libya, buy immediately. If you have doubts about Libya, don't buy until after the results have been announced. What I think? Well, I have almost nothing but IPC in my own portofolio...

To: Donald Lickman who wrote (434)	12/30/1997 10:33:00 AM
From: Timelord	Read Replies (3) \| Respond to of 2742

Donald: Too many things happening to wait, but the possibility of a dry well is always real. You do get a nice premium if you buy now as Tomas points out. Don't know if you have the URL to check Sands (SAPE B) and IPC progress in Sweden: xsse.se My largest holding is also IRPPF and I added during weakness over the last couple of months as I posted. I also now hold a pretty good size position in RSO, anticipating a positive announcement. Seems like a low risk gamble at this point. Good luck in any case! Alex