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


To: Tomas who wrote (568)5/20/1998 9:21:00 PM
From: Tomas  Read Replies (1) | Respond to of 2742
 
The Falkland Islands produced its own market explosion. Desire Petroleum's cautious statement about oil and gas shows in drillings off the islands provoked a stampede of interest with the shares gushing 96.5p to 305.5p. They arrived at 125p last month. Greenwich Resources and Westmount, with stakes in Desire were buoyant; Greenwich gained 5.25p to 28.75p and Westmount 33p to 190p. The excitement rubbed off on to the Falkland Islands company, up 28p at 176.5p. Its supply operations could benefit from any big South Atlantic strike. Cambridge Mineral Resources, with onshore exploration projects on the islands, firmed 0.25p to 12.25p.
From The Independent, Thursday May 21
independent.co.uk