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

To: Tomas who wrote (823)	11/8/1998 9:53:00 PM
From: Tomas	Respond to of 2742

Penguin News Falkland Islands, November 6: Drilling likely to end next month. OF THE five exploration wells already drilled in the North Falkland Basin two are said to have identified hydrocarbon systems. Though no major reservoirs have been located as yet the Falkland Islands Government (FIG) is said to be cautiously optimistic that future drillings may find hydrocarbons in commercial quantities. FIG's Director of Hydrocarbons, Phyl Rendell, says that if the sixth and last well in the current round, now being drilled for Shell, comes up dry, there is unlikely to be further drilling during 1999. "We are very pleased there have been 'shows," Mrs Rendell told Penguin News, "because it proves there is a hydrocarbon presence." Depressed world oil prices will also affect the activities of oil companies, possibly causing them to shrink exploration until the market rallies. "Operators will probably spend 1999 taking a long hard look at the data they have collected this year before making decisions," Mrs Rendell said. The end of drilling will also signal the end of the fortnightly flights of the Jetair Boeing 747 (pictured below overflying Stanley recently) which has been transporting oil rig crews in and out of the Islands. mercopress.com

To: Tomas who wrote (823)	11/24/1998 3:18:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan To Be Self-Sufficient In Oil By 1999 - Report November 24, 1998 KHARTOUM, Sudan (AP)-- Sudan's energy and mining minister was quoted Tuesday as saying that the country will be self-sufficient in oil next year, saving some $450 million a year in import bills. The minister, Awad Jazz, told the official daily al-Anbaa that Sudan is investing $3.5 billion in the oil industry and 47 international oil companies are now engaged in oil and mining projects inside the country. Jazz said Sudan has already signed 12 agreements with international companies for mineral and gold prospects. He said Sudan currently exports five tons of gold in a Sudanese-French venture.