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

To: Tomas who wrote (750)	10/1/1998 7:24:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Shell & Oil in the Falklands. Posted by Greywolf on Hemmington Scott Information Exchange, 01/October/1998 I have been investing in the resource sector long enough to know, or hopefully know when you are being handed a drill bit and when it's a good bit. SHELL have found oil yet how much is up for grabs. The amount of sources that lay the ground for my belife are both wide and unrelated and unless most of the oil industry is going thru some sort of mass hypnosis, to be belived. SHELL ofcourse like any large resource company does not have to relay on this find to keep going. In this context letting the cat out of the bag would for a company with stated intentions in the South American arena be counter productive. One also has to take into account the situation with England and Argentina ie politics. Early on I wrote on this site that there had been flaring from the platform, something somebody thought "fancifull" well everyone is entitled their opinion. Further more I wrote that testing equipment sent to the Falklands was of a sort not usually used if you only have water and mud in the hole. The word now is that SHELL have found oil and that is the reason for the second drill - so soon. This is borne up by a number of unrelated fact which are rather irrelevant right now. I don't expect Desire, Sodra, Lasmo, Greenwhich etc to rally on this info as it's SHELL that has the find. Franckly given the negative sentiment for the upstream oilers at the moment this may only keep them at par. Yet with some forward looking radar I would say that just Desire and Sodra are the ones in the best chair both own majority stake's in their block's albeit Desire's have not been shot for seismic yet. "Over speculated stock's aren't any use to no one" yet these two should be up around the twice current level mark given that they alone with SHELL are the big acerage player's in the region. hemscott.com