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

To: Greywolf who wrote (942)	3/13/1999 10:17:00 AM
From: J. Kerr	Read Replies (1) \| Respond to of 2742

Greywolf - interesting choice of exercise prices: At current exchange rates: Oct. 1 - 15/99: SEK23 = USD2.84 = C$4.33 Jan 10 - Mar 31/2000: SEK 28 = USD3.45 = C$5.27 This at a time when LOI has been trading (very sporadically) on the Toronto Stock Exchange at around C$3.00 per share. Whether these warrants are a good deal obviously depends on the underlying share price at the respective exercise times. If they turn out to be a good deal, we can be happy that the warrants were offered to existing shareholders instead of a low-priced private placement to benefit friends, etc. of the insiders. Regards. Joe