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

To: Timelord who wrote (997)	4/9/1999 9:12:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Alex, oil is not at $19 yet, but you're still welcome out of hibernation :-) <BG> Lundin is still holding the TLM shares it gained from the Arakis buyout, the loss taken relative to the Arakis shares is just an adjustment of the basis. Lundin owned around 10% of Arakis = 1% of Talisman. Your description of where the current drilling prospect is located is correct as far as I can understsand. I don't know what they are expecting the wells to produce, hopefully more than the Unity fields 2400 bpd. I'd guess that number is the initial test rate and not the engineering production rate, but I can't tell for sure. Tomas