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

To: Donald Lickman who wrote (955)	3/22/1999 3:13:00 PM
From: Icebrg	Respond to of 2742

OK, let me try another explanation then. Lundin Oil is considered a very speculative investment by most of the participants on the Stockholm Stock Market. The same can perhaps be said of the typical short-term investor in the stock. "These people" evidently do not care about the dilution. I am not even sure they know how to spell it.

To: Donald Lickman who wrote (955)	3/22/1999 5:46:00 PM
From: Greywolf	Read Replies (2) \| Respond to of 2742

I agree with Icebrg, Concerning the knowledge of the SAX investors ie that the effects of the RO is compensated for by the speculative nature of the stock. Greywolf

To: Donald Lickman who wrote (955)	4/6/1999 11:36:00 PM
From: Tomas	Respond to of 2742

The Times, Wednesday: Oil companies look to Libya By Carl Mortishead, International Business Editor LIBYA'S huge oil reserves could be the next prize for Western energy companies as the country slowly sheds its pariah status and begins to court foreign investment. Only a day after the two Libyans accused of the Lockerbie bombing were sent to a court in The Netherlands, Italy's Foreign Minister was heading to Tripoli on the first flight since economic sanctions were imposed by the United Nations in 1992. His presence confirms the importance of Libya to Italy; ENI, the Italian oil company already has a large presence in the country; Italy is a big importer of Libyan crude and has ambitions to link Libya to Italy's gas network. Other oil industry executives are certain to follow as airlines renew potentially lucrative traffic to the country. Western oilmen have had to take circuitous routes to the country, overland via Tunisia or by ship. They will soon flock there as they previously rushed to Iran when the US, last year, agreed to turn a blind eye to non-US investment in the country. Libya has vast oil resources - some 30 billion barrels of proven and recoverable reserves, twice the level of the UK and Norway's combined oil assets. But unlike the North Sea, Libya is underexploited, its oil production in decline and suffering from underinvestment. Lasmo, the UK group headed by Joe Darby, has a big presence with a third interest in the Elephant field, which has proven reserves of 500 million barrels. Others active in Libya include Elf, of France, Repsol, of Spain, and Wintershall, part of Germany's BASF.