Source: Lundin Petroleum AB
Lundin Petroleum AB ("Lundin Petroleum") (TSX: LUP.TO) (Stockholm: LUPE.ST) is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded 10 exploration licence interests in the 2011 Norwegian Licensing Round, (Awards in Predefined Areas, APA). The awarded licences include one licence in the Greater Luno Area and two licences in the Barents Sea. Four of the awarded licences will be operated by Lundin Petroleum.
The licence interests are detailed below.
|License||Lundin Petroleum license interest|
|PL495B (Block 7/1) (i):||60% - North Sea|
|PL609B (Blocks 7120/1,2) (i):||40% - Barents Sea|
|PL625 (Block 25/10) (i):||40% - Greater Luno Area|
|PL631 (Blocks 33/9, 11) (i):||60% - North Sea|
|PL639 (Blocks 6201/7, 8, 10, & 11):||20% - Norwegian Sea|
|PL641 (Blocks 6204/7, 8, 10, & 11):||30% - Norwegian Sea|
|PL646 (Blocks 6507/8, 9):||20% - Norwegian Sea|
|PL653 (Block 6607/3):||30% - Norwegian Sea|
|PL654 (Block 6608/2, 3)||30% - Norwegian Sea|
|PL659 (Blocks 7121/2, 7122/1, 2, 7221/12, 7222/10, 11, 12):||20% - Barents Sea|
(i)operator Lundin Petroleum
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed at the NASDAQ OMX, Stockholm (ticker "LUPE") and at the Toronto Stock Exchange (TSX) (Ticker "LUP"). Lundin Petroleum has proven and probable reserves of 211 million barrels of oil equivalent (MMboe).
The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act.