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Lundin Petroleum AB

11:48 AM EST - Lundin Petroleum AB : announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the side-track 16/2-13A of the appraisal well 16/2-13S. The results from the well are excellent in respect of reservoir quality and thickness, validating the field geological model and confirming a deeper oil water contact at this location. The well 16/2-13S was drilled approximately 2.4 km north east of the discovery well 16/2-6, and the side-track 16/2-13A was drilled with a 1,250 metres step-out towards north-north west. The Johan Sverdrup field is located in licences PL501 and PL265 on the Norwegian Continental Shelf. Lundin Petroleum AB


shares T.LUP are trading unchanged at $23.50.