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Lundin Petroleum AB

12:02 PM EST - Lundin Petroleum AB : announced that the Gaupe field, located in the Southern North Sea, offshore Norway, commenced production on March 31. The Gaupe field is located in PL292 and is adjacent to the Norway - United Kingdom (U.K.) border, some 225 km from the Norwegian mainland. The Gaupe field has estimated gross recoverable reserves of approximately 31 million barrels of oil equivalent (boe) and expected net peak production of 6,000 barrels of oil equivalents per day. Lundin Petroleum AB

shares T.LUP are trading down $0.17 at $21.38.