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

To: Tomas who wrote (1083)	5/20/1999 4:09:00 AM
From: Greywolf	Read Replies (1) \| Respond to of 2742

Significant oil discovery in Sudan Thar Jath First Exploration Well in Sudan establishes a significant new oil discovery IPC Sudan Limited ("IPC"), a wholly owned subsidiary of Swedish based Lundin Oil AB is pleased to announce the completion of the drilling and logging of the Thar Jath well in Sudan. The well was drilled to a depth of 1820 metres and is currently being temporarily suspended in preparation for production testing. Petrophysical analysis of the primary Bentiu and Aradeiba sandstone reservoirs indicates a substantial net pay interval which is further supported by excellent oil and gas shows and an oil gradient from RFT pressure samples. Reservoir quality appears to be excellent from both electric log and sample analysis. Due to the impending onset of the rainy season and associated logistical difficulties, the testing of the well will be postponed until the commencement of next year's dry season at the end of 1999. The Thar Jath prospect is one of the largest structural features identified to date in the basin and is on trend with oil fields in blocks 1 and 2 which contain an estimated 500 to 800 million barrels of reserves currently being developed by the Greater Nile Petroleum Operating Company. The construction of their 1500 kilometer export pipeline is nearing completion with first oil expected in Port Sudan by the end of June of this year. Pipeline capacity of up to 100,000 BOPD is available for third party users.

To: Tomas who wrote (1083)	5/20/1999 11:18:00 AM
From: Timelord	Read Replies (1) \| Respond to of 2742

Tomas, Just received the press release and map for Thar-Jath-1, and it is not the large prospect just over the border from block 1-A that I speculated was being drilled. That feature is even larger, but appears to lie on the edge of the play fairway trend. Alex

To: Tomas who wrote (1083)	5/21/1999 10:36:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Sudan: some useful links, see: Yahoo full coverage - Sudan headlines.yahoo.com

To: Tomas who wrote (1083)	5/26/1999 8:24:00 AM
From: Tomas	Read Replies (2) \| Respond to of 2742

South Africa interested in oil from Libya TUNIS, Reuters World Service, May 26 Libya, South Africa, initialise cooperation accords ... South African Press Association (SAPA) in Jahnnesburg on Tuesday quoted Minister of Mineral and Energy Affairs Peneull Maduna who was on the visit to Libya as saying that South Africa was interested in buying oil from OPEC-member Libya if prices could be agreed. ''If they give us a good deal, we'll lift it,' Maduna was quoted as saying. Officials from state oil exploration Soekor and Energy Africa (ENRJ.J) were also on the visit among businessemen representing mining exploration, agricultural equipment, construction, banking, aviation equipment and services, electricity and telecommunications. The South Africans were one of the first foreign delegations to visit Libya since U.N. sanctions were lifted last month after Libyan leader Muammar Gaddafi handed over two suspects in the 1988 Lockerbie bombing for trial in the Netherlands. South African President Nelson Mandela played a central role in reaching a compromise resolution of the Lockerbie issue. ''The handover of the two suspects in the Lockerbie case has created favourable conditions for Libya's full reintegration into the international community which opens up many opportunities for the South African business community,'' deputy foreign minister Aziz Pahad said before the visit.