12:05 PM EST - Lundin Petroleum AB : has completed the Batu Hitam exploration well located in Block PM308A, offshore the east coast of Peninsular Malaysia. The Batu Hitam-1 well tested the hydrocarbon potential of a large basement high structure located in the east of the PM308A block. The objectives of the well were Oligocene sandstones in a four-way dip closure and fractured pre-Tertiary basement in the underlying horst block. Lundin Petroleum AB
shares T.LUP are trading up $0.45 at $13.70.
