Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tomas who wrote (990)	4/9/1999 8:02:00 PM
From: Timelord	Read Replies (1) \| Respond to of 2742

Hello Tomas, a few questions for the curious. Is Lundin still holding the TLM shares it gained from the Arakis buyout? I recall seeing a loss taken relative to the Arakis shares, but was this just an adjustment of the basis or did they actually sell them? If they are still holding this should be somewhere around 962,000 shares. The current drilling prospect is on the southern corner of Unity block 1A, just over the border line of that block, and shows as a large prospect that overlaps into 1A on the maps, is this correct? Are they expecting the wells to produce similar to the Unity field, ie., at about 2400 bpd. And do you know if this is the engineering production rate, or just the initial test rate? It's nice to see all this press for a change! Alex