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

To: Timelord who wrote (634)	6/11/1998 10:25:00 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

Financing for ongoing projects has been agreed on with Barclays Bank and 5 other US banks to the amount of $175 million. The contracts have already been signed! Another $150 million (corporate bonds) has also been agreed on, arranged by Morgan Stanley, but this financing is dependent on the Malaysian gas deal coming to a close. A total financing of US$325 Million. This is nothing less but a milestone! Lundin Oil is now ready to push the button in Malaysia and start the Phase 2 development, they are just waiting for the Malaysia/Vietnam pre-unitization agreement and the gas contracts to be signed. Within a week!