09:51 AM EST - Lundin Petroleum AB : announced that the appraisal well 16/3-5 well in PL501 in the southeastern part of the Johan Sverdrup discovery has reached target depth. The well will now be tested. The appraisal well has drilled through reservoir sections consisting mainly of good quality Volgian reservoir sand and Zechstein carbonates. Oil has been sampled in both reservoir zones and the well will now drill stem test the two zones. Lundin Petroleum AB
shares T.LUP are trading unchanged at $25.80.
