09:52 AM EST - Lundin Petroleum AB : announced the details of its $960-million U.S. development, appraisal and exploration budget for 2012. The budget represents a 40% increase on the forecast 2011 capital expenditure. The development budget for 2012 is $500 million U.S. with a major focus on development activities in Norway. Lundin Petroleum AB
shares T.LUP are trading up $0.46 at $22.66.
