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Lundin Petroleum AB

09:59 AM EST - Lundin Petroleum AB : announced through its wholly-owned subsidiary Lundin Norway AS that the appraisal well 16/2-17S has commenced in the Statoil-operated PL265 on the Johan Sverdrup discovery, located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is located in PL265 and close to the western bounding fault of the Johan Sverdrup discovery. The main objective of the well is to investigate the Jurassic reservoir thickness, quality and distribution close to the fault approximately 1.5 km south-west of appraisal well 16/2-8 and 2.3 km west of appraisal well 16/2-11. Lundin Petroleum AB
shares T.LUP are trading unchanged at $21.87.