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


To: Timelord who wrote (716)8/26/1998 4:09:00 PM
From: Greywolf  Respond to of 2742
 
Libya Accepts Pan Am 103 Trial Plan

CAIRO, Egypt (AP) - Libya today accepted a U.S.-British proposal to try two suspects in the 1988 bombing of Pan Am Flight 103 in the Netherlands, the Libyan Foreign
Ministry said.

Earlier, a letter was made public in which Libya asked the U.N. Security Council to delay any decision to give it more time to study the proposal, which calls for the suspects
to be tried under Scottish law. The letter represented the first official reaction from Tripoli on the plan for the Netherlands trial.

But later in the day, the Libyan ministry released a statement saying it ''announces its acceptance of ... the new position of the United Kingdom and the United States.''

Two Libyan suspects - Abdel Basset Ali al-Megrahi and Lamen Khalifa Fhimah - are accused of planting a bomb aboard the flight, which exploded over Lockerbie, Scotland,
killing 270 people. Among the dead were 189 Americans.

The U.S.-British offer calls for the suspects to face a panel of three Scottish judges in the Netherlands. Before making the compromise, Britain and the United States had
insisted the trial be held on their territories.

Under the proposal, the suspects would not be extradited from the Netherlands. It also says that if found guilty, they would serve their sentences in the United Kingdom.

In its statement Wednesday, Libya also urged the United Nations to lift its travel sanctions against the country. By accepting this position, the Foreign Ministry ''stresses the
need to lift the sanctions.''



To: Timelord who wrote (716)9/1/1998 11:13:00 AM
From: Tomas  Read Replies (2) | Respond to of 2742
 
Falklands oil stocks boosted by Shell internet rumour

LONDON [AFX] - Shares in Desire Petroleum PLC and the other quoted Falkland Islands based oil explorers were marked sharply higher following reports on the internet that Royal Dutch/Shell has decided to prolong its drilling in the area by two weeks. Shell was not immediately available for comment.

The internet report, on the hemscott 'information exhange' site, claimed that Shell is due to hand over its Borgny Dolphin rig to Sodra Petroleum at the end of August but has held on for a further fortnight. At 3:14 PM, Desire's shares were up 17-1/2 pence at 145 pence, Westmount Energy were 1-1/2 pence better at 77-1/2 pence and Greenwich Resources were 1/2 pence firmer at 17-1/2 pence. tjzw/ln/