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

To: Timelord who wrote (674)	7/22/1998 10:55:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

The Falklands: "Shell is rumoured to be having great success in drilling..." "This is London", Wednesday noon, by MALCOLM WITHERS Out in the stormy waters off the Falkland Islands, Shell - down 2 1/2p to 413 1/2p - is rumoured to be having great success in drilling at Tranche B, giving a further boost to speculative oil minnow Desire Petroleum, up 6p to 216 1/2p. Stakeholder and gold miner Greenwich Resources added 1p to 26p and Westmount Energy jumped 7 1/2p to 130p. When Shell finishes its drilling in the autumn, the platform moves to Tranche F, entirely owned by Swedish-based and AIM-quoted Sodra Petroleum. Speculators dumped their doubts about it being foreign-owned to boost the shares 2p to 67 1/2p.

To: Timelord who wrote (674)	8/6/1998 9:02:00 PM
From: Tomas	Respond to of 2742

Papua New Guinea: Pipeline customers 'ready to sign up' "Post Courier" and "The National", Port Moresby, Friday August 7 BRISBANE: Gas sales agreements for the proposed $A3.6 billion gas pipeline project from Papua New Guinea to Queensland were expected to be finalised within a month, the pipeline's owner, builder and operator AGL said yesterday. The pipeline, worth $A1.5 billion of the total project, will run 2600km from the PNG Highlands to Gladstone in southeast Queensland with a ''spur line'' into Townsville to take power to industrial users. Energy company Chevron has signed a co-operation agreement with aluminium producer Comalco, which was considering building a $A1.5 billion alumina refinery in Gladstone. The refinery would help make the pipeline viable. AGL's chief general manager of commercial development, Bill Armitage, told reporters he and PNG Minister for Petroleum and Energy Sir Rabbie Namaliu had met the pipeline's sponsors in Brisbane yesterday. He said it was important to ''get firm agreements in place'' with Comalco and other potential users of the pipeline. ''We believe that can be done in a very short time frame,'' he said. ''Everything is moving in the right direction and those agreements can be hopefully finalised within a month.'' PNG Prime Minister Bill Skate this week signed a memorandum of understanding with Australian counterpart John Howard, giving approval for fast tracking the pipeline. Queensland Premier Peter Beattie signed another MOU on behalf of the state government. Mr Namaliu yesterday toured the Brisbane offices of AGL, which will partner Malaysian-based Petronas in the project. Sir Rabbie said the gas pipeline was a ''window of opportunity'' to develop PNG gas fields and the government wanted to take advantage of it. ''But . . . it's obviously a question of user, customers and pricing and that's an extremely important and critical question.'' In the Malaysian capital, Kuala Lumpur, AGL and Petronas yesterday signed a joint development agreement to take the pipeline project towards the implementation phase. The pipeline was expected to employ around 2500 people during its construction, with another 400 employed indirectly after the project was completed, Mr Armitage said. ___________________________________ Post Courier: 203.22.79.35 The National: wr.com.au

To: Timelord who wrote (674)	8/25/1998 6:40:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Good news: Sanctions against Libya will be suspended quickly if suspects handed over. Libya will give its reply tomorrow. Libya sanctions ease if suspects handed over By Evelyn Leopold UNITED NATIONS (Reuters) - The United States and Britain Tuesday introduced a Security Council resolution that would suspend sanctions against Tripoli once two Libyans accused of the 1988 Lockerbie airliner bombing arrive in the Netherlands for trial under Scottish law. Both countries moved quickly to make official their Monday offer for a change of trial venue, presumably in an effort to force Tripoli to respond and ward off further violations of the faltering sanctions. U.S. officials hope the Security Council acts this week. Washington and London, which had insisted on a trial in their respective countries, Monday announced that the two accused Libyans could be tried in the Netherlands for their role in blowing a Pan American airliner out of the skies over Lockerbie, Scotland, in December 1988. A total of 270 people were killed in the air and on the ground in Scotland. Libya said Tuesday it would give its reply Wednesday, adding that its experts had been studying the British-American proposals sent to Tripoli by the United Nations. In 1992 the Security Council imposed an air and diplomatic embargo against Libya for refusing to surrender the two suspects to Britain or the United States. The sanctions were tightened in 1993 with the addition of a freeze on some Libyan assets abroad and a ban on some types of equipment used in oil terminals and refineries. The new resolution would suspend these measures ''immediately'' once both suspects arrived in the Netherlands. It also says Libya has to satisfy French authorities investigating the mid-flight bombing of France's UTA Flight 772 over Niger in 1989 in which 171 people died. But diplomats said they did not believe Paris would hold up the sanctions suspension if Libya complied on the Lockerbie demands. The document would also: -- decide that the suspects would be detained by the Dutch government on arrival in the Netherlands -- call on the Dutch and British governments to adopt legal measures in connection with the proposed trial -- ask U.N. Secretary-General Kofi Annan to assist Libya ''with the physical arrangements for the transfer of the two accused from Libya direct to the Netherlands.'' In a separate letter to the United Nations, Britain and the United States said the two, if convicted, would serve their sentence in Britain. It said Britain would pick up the costs for the trial in the Netherlands. Peter Burleigh, the U.S. envoy, said the proposal was ''directly in line with those that have been made by the Arab League, the Organization of African Unity, the Non-Aligned Movement -- and specifically the government of Libya.'' ''We have responded to that and so we are expecting that Libya will respond to this process and very promptly produce the two accused after the council adopts the resolution which we hope to be in a day or two,'' he told reporters. In early 1994 Libyan leader Muammar Gaddafi suggested a trial in The Hague, seat of the International Court of Justice, saying the two suspects could not get a fair trial in Britain or the United States. But that court hears disputes between states rather than criminal cases against individuals. His proposal was pursued by the Arab League, which then came up with what has been known as the ''three options'' to break the impasse. The options were endorsed by the Organization of African Unity and the Non-Aligned Movement. They are: that the suspects be tried in a third and neutral country or that the suspects be tried by Scottish judges at the International Court of Justice (ICC) in The Hague in accordance with Scottish law or that a special tribunal be established at the ICC in accordance with Scottish law. On Jan. 2, Libya sent a letter to the United Nations in which Foreign Minister Omar Mustafa al-Montasser ''accepted the proposal of the League of Arab States that the two suspects should be tried by a court in a neutral country and then the League's proposal ... that they should be tried at the Hague by Scottish judges and in accordance with Scottish law.'' However, lawyers for the accused, Abdel Baset Ali Mohammed al-Megrahi and Al-Amin Khalifa Fhimah, have frequently said that the judges should be international and chosen by Annan. Washington and London reject this concept, saying it is not part of Scottish law or in any of the U.N. documents. dailynews.yahoo.com