Press Release
Stockholm 19 January 2016
The licence interests are detailed below:
PL815 (Block 16/5)*: 40% - Central North Sea
PL678SB (Block 25/6 and 26/4): 20% - Central North Sea
PL830 (Blocks 6307/1, 4, 6407/10)*: 40% - Norwegian Sea
PL831 (Blocks 6407/10, 6307/1): 20% - Norwegian Sea
*operator Lundin Norway AS
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world- class assets primarily located in Europe and South East Asia. The Company is listed on NASDAQ Stockholm (ticker "LUPE"). Lundin Petroleum has proven and probable reserves of 187.5 million barrels of oil equivalents (MMboe) as at 31 December 2014 and 515 MMboe in respect of the Johan Sverdrup field as at 11 August 2015.
For further information, please contact:
Maria Hamilton
Head of Corporate Communications maria.hamilton@lundin.ch
Tel: +41 22 595 10 00
Tel: +46 8 440 54 50
Mobile: +41 79 63 53 641
Teitur Poulsen
or VP Corporate Planning & Investor Relations Tel: +41 22 595 10 00
Lundin Petroleum AB Registration No 556610-8055
Hovslagargatan 5
SE-111 48 Stockholm
Tel. +46 8 440 54 50
Fax. +46 8 440 54 59
www.lundin-petroleum.com E-mail: info@lundin.ch
Barents SeaLundin Petroleum Licences
Operated Non-operated
2015 APA operated
2015 APA non-operated
Tromso
Hammerfest
Narvik
Finland
Bodo
PL831
PL830
Trondheim
Molde
Norway
Bergen
Sweden
PL678SB
OsloStockholm
Stavanger
PL815
Kristiansand
United Kingdom
Denmark 0
50 KM 200
This information has been made public in accordance with the Securities Market Act (SFS 2007:528) and/or the Financial Instruments Trading Act (SFS 1991:980).
Forward-Looking Statements
Certain statements made and information contained herein constitute "forward-looking information" (within the meaning of applicable securities legislation). Such statements and information (together, "forward-looking statements") relate to future events, including the Company's future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to estimates of reserves and/or resources, future production levels, future capital expenditures and their allocation to exploration and development activities, future drilling and other exploration and development activities. Ultimate recovery of reserves or resources are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable reserves and resource estimates may also be deemed to constitute forward-looking statements and reflect conclusions that are based on certain assumptions that the reserves and resources can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations and assumptions will prove to be correct and such forward-looking statements should not be relied upon.
These statements speak only as on the date of the information and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. These forward-looking statements involve risks and uncertainties relating to, among other things, operational risks (including exploration and development risks), productions costs, availability of drilling equipment, reliance on key personnel, reserve estimates, health, safety and environmental issues, legal risks and regulatory changes, competition, geopolitical risk, and financial risks. These risks and uncertainties are described in more detail under the heading "Risks and Risk Management" and elsewhere in the Company's annual report. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. Actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are expressly qualified by this cautionary statement.
Lundin Petroleum AB issued this content on 2016-01-19 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-19 13:58:06 UTC
Original Document: https://www.lundin-petroleum.com/Press/pr_norway_19-01-16_e.pdf