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Lundin Petroleum AB

10:08 AM EST - Lundin Petroleum AB : announced that following the drilling of appraisal well 16/2-10 located in the Norwegian North Sea the operator of PL265, Statoil ASA, has announced a material increase to the resource estimates for the Aldous Major South discovery. The Aldous Major South and Avaldsnes discoveries located in PL501 are one large connected discovery. Lundin Petroleum AB shares T.LUP are trading up $1.80 at $23.90.