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

To: Timelord who wrote (436)	12/30/1997 11:39:00 AM
From: Tomas	Respond to of 2742

Good news, in excess of 90% of all shares of IPC have already been tendered, Lundin Oil will start trading on January 12. I think it's wise to buy IRP or IRPPF now before the press release is published in North America. The premium is still 13-14%, a great opportunity.

To: Timelord who wrote (436)	12/30/1997 7:07:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sands has received more than 90% of shares; offer extended Tuesday Dec 30 1997 Mr Ian Lundin reports In connection with the Sands Petroleum AB offer to purchase the outstanding shares of International Petroleum (including shares represented by Swedish depositary receipts), in excess of 90% of the shares of IPC (including shares represented by SDRS), calculated on a fully diluted basis, have been tendered to the offer by Sands, thereby satisfying one of the conditions of the offer. The other conditions of the offer for the outstanding SDRs have already been fulfilled or waived. The SDR offer has now been completed. The offer for the common shares of IPC which is being made according to Canadian law, is, however, still subject to registration with the Swedish Patent and Registration Office of the newly issued series B shares of Sands. The final compilation of shares and SDRs tendered is expected to be completed by January 9 1998, after which Sands will announce the level of acceptance. Settlement is expected to begin on or about January 15 1998. To enable holders of SDRs who have not yet accepted the SDR offer to do so, Sands has extended the acceptance period until January 9 1998. The acceptance form must be received by Skandinaviska Enskilda Banken, Publika Emisisoner, no later than 6:00 pm Swedish time on January 9 1998. Settlement for SDRs tendered during the extended acceptance period is expected to begin on or about January 23 1998. After the expiration of the extended acceptance period Sands intends to begin a compulsory acquisition process in order to acquire any remaining shares in IPC, including shares represented by SDRS.