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

To: Tomas who wrote (803)11/2/1998 9:49:00 AM
From: Tomas  Read Replies (3) | Respond to of 2742
 
Lundin Oil AB Signs USD 125 Million Bank Financing

Lundin Oil is pleased to announce the signing of a USD 125 million corporate bank financing with a group of international banks. The loan facility will be used to refinance existing borrowings and also under certain conditions to fund corporate expenditures including development costs relating to the PM-3 project offshore Malaysia/Vietnam.

The loan facility was lead arranged by Barclays Bank and ABN AMRO Bank with other participant banks being Bank of Scotland, Christiania Bank and Royal Bank of Scotland.

lundinoil.com



To: Tomas who wrote (803)11/2/1998 11:51:00 AM
From: ISPYOIL  Respond to of 2742
 
P3 Reserves on Talisman(formerly Arakis) Concession Over One Billion-and counting)

the reserves to the north of 5A are well over one billion with less than an estimated 15% of the concession's 12.2 mm acres explored, Lundin owns a sizeable stock position in Talisman(TLM-Toronto NYSE listed)
TLM has 25% of the 12.2mm acre concession


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