09:49 AM EST - Lundin Petroleum AB : announced that it has commenced its 2012 Malaysian drilling campaign with the spud of the Tiga Papan 5 well in the SB307 & SB308 Block offshore Sabah, East Malaysia. The well will target mid-Miocene aged sands of the Tiga Papan Unit previously tested in 1982 with the original discovery well that flowed at a cumulative rate of 5,631bopd. Lundin Petroleum AB
shares T.LUP are trading up $0.64 at $20.10.
