Google translate below
Lukas Lundin flags for several sales
By DIRECT-SE
Published: December 18, 2017, 12:35
The near term of the year must have been tough for several of the Lundin group companies, but commodity prices, underlying operations and ongoing projects are developing well.
That picture gives Lukas Lundin in an interview with the News Agency Directly about the sphere's listed assets.
On the dividend front, improvements are expected for the shareholders and in terms of the group's structure, divestments are possible within 12-18 months, he indicates.
"I would like to sell Shamaran, Africa Oil and Black Pearl, but it's not time for now. But it's our long-term ambition to only keep Lundin Petroleum and IPCO among the oil companies," he says.
The relevant commodity prices for Lundin Group have developed in the company's favorable direction in 2017, with increases for both base metals and oil. For the base metals, Lukas Lundin awaits another couple of good years and for the oil stabilization at current or somewhat higher levels.
"$ 65-70 is perfect for us. We do not really want more, because there will be other consequences. I think of up to $ 70 a barrel for next year," he says, hence rising from current levels in North Sea oil if barely $ 64 per barrel.
Black Pearl's heavy oil project Onion Lake is still developing in the right direction, hoping to get started with the second of four conceivable phases until the summer of 2018. The company is also considering launching the development of the large Blackrodproject, currently in a bag.