Lundin
Petroleum completes sale of Tunisia onshore assets
Posted: 08 June 2004
Lundin Petroleum AB confirmed the completion of the previously
announced sale of its 50 per cent shareholding in Compagnie Franco
Tunisienne des Petroles ("CFTP") to Spyker Energy ("Spyker"),
a private French company, for a consideration of USD 3 million.
The sale was completed following the receipt of regulatory approvals.
The acquisition price was settled by a cash payment previously
made by Spyker on signing of the acquisition agreement and by a
loan facility extended to Spyker. This loan has now been fully
repaid.
Lundin Petroleum is a Swedish independent oil and gas exploration
and production company with a well balanced portfolio of world-class
assets in Albania, France, Indonesia, Iran, Netherlands, Norway,
Sudan, Tunisia and Venezuela. The Company's shares are traded on
the New Market at Stockholmsbörsen, Sweden (ticker "LUPE").
For more information see www.lundin-petroleum.com 
Posted by Richard Price,
Editor Pipeline Magazine
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