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

To: Razorbak who wrote (951)	3/22/1999 8:25:00 AM
From: Greywolf	Read Replies (1) \| Respond to of 2742

Technical tips from Stockholm, Dagens Industri one of the Financial's have technical tips for Lundin Oil today 22/3. The writer Ingemar Carlsson who usually can move a share suggests the following for LOILY, LOI; The stock coming off it's low's with continually higher rebound low's should be on the way to the 26 to 28 SEK level with a time frame "a few month's". The 27 SEK level should see a rebound that is just that a rebound in a trend that is generally positive and should see higher prices in the time frame 1 to 2 years. The interesting thing here is the first levels that I think can be attained quicker than a few month's especially with sanctions lifting in Libya. Yet technical's are technical's. As the stock seem's now to take it's lead from SAX I thought this might interest the North Americans amongst us. The stock is trading above 20 SEK today and is testing the level just below 21 SEK. Regards, Greywolf

To: Razorbak who wrote (951)	3/26/1999 6:09:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Lundin Oil: Drilling to start in Sudan next week, according to Ian Lundin. Perhaps as soon as on Monday, and certainly within 10 days from today. It is anticipated that drilling will take almost 2 months.

To: Razorbak who wrote (951)	5/3/1999 8:45:00 AM
From: Tomas	Respond to of 2742

Sudanese Oil Reserves Surpass 1 Billion Barrels Xinhua, May 3, 1999 KHARTOUM (April 30) - The oil reserves explored in Hegleg, central Sudan, is expected to reach 1.2 billion barrels by the end of this year from the current 650 million barrels, a senior Sudanese official has said. Assistant Secretary of the Energy and Mining Ministry Ali Ahmed Othman told the General Congress of the Sudanese National Union of Youth on Thursday that the recently discovered reserves were proven 60 percent successful, which is the highest percentage in the world. Othman also said Sudanese oil was heavy crude, 98 to 99 percent of which were Hydrocarbonic elements and less than 1.1 percent were sulphur, thus its damage on machines and environment was very limited. He predicted a promising market for the oil. The Sudanese firms will yield 70 to 80 percent of the total oil production in the coming five years from the current 40 percent. Sudan has started cooperation with China, Malaysia and Canada in oil exploration in Hegleg since early 1997. So far some 100 wells were drilled with a total production capacity of 7 million tons annually. The construction of oil pipelines between Hegleg oilfields and Bashaer port and Port Sudan are being finalized. President Omar Hassan Ahmed al-Bashir said last year that Sudan would export oil by the end of June on the occasion of the 10th anniversary of the Sudanese National Salvation Revolution which brought the current government to power. ___________________________________ Xinhua, May 3 KHARTOUM -- The oil reserves explored in Hegleg, central Sudan, is expected to reach 1.2 billion barrels by the end of this year from the current 650 million barrels, a senior Sudanese official has said. Assistant Secretary of the Energy and Mining Ministry Ali Ahmed Othman told the General Congress of the Sudanese National Union of Youth on Thursday that the recently discovered reserves were proven 60 percent successful, which is the highest percentage in the world.