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Lundin Petroleum AB

09:57 AM EST - Lundin Petroleum AB : announced that it has completed Tembakau-1 well in PM307 Block, offshore Peninsula Malaysia, as a gas discovery. Tembakau-1 was a vertical well drilled to a depth of 1,565 metres in 67 metres water depth. The well discovered a series of stacked gas pay sands in the target Miocene objective. Overall the well penetrated approximately 60 m of net gas pay in five-high quality sand intervals. Tembakau-1 is located 30 km to the west of the nearest oil and gas infrastructure. Lundin Petroleum AB shares T.LUP are trading unchanged at $22.60.