Ashanti Gold Corp. GULSF

OT: Lundin makes North Sea oil discovery

[momentum_seeker]

https://money.cnn.com:80/news/newsfeeds/articles/newstex/AFX-0013-23046647.htm Lundin makes North Sea oil discovery holding 3-5 mln Sm3 of recoverable reserves OSLO, Feb. 15, 2008 (Thomson Financial delivered by Newstex) -- Sweden's Lundin Petroleum has made an oil discovery in the southern part of the Norwegian Sea, believed to hold between 3-5 mln standard cubic meters (Sm3) of recoverable reserves, the Norwegian petroleum directorate said. 'The results are interesting with regard to further development of the oil discovery,' the directorate said. As operator, Lundin has a 50 pct stake in the field, while Talisman Energy (NYSE:TLM) (TSX:TLM) has 30 pct and Norwegian Energy Company the remaining 20 pct. The oil discovery is located approximately 50 km north-west of the Ula field in the southern part of the North Sea. GUL/MNL/IFR/PCA are NEXT...we are due.