Lundin updates Indonesian ops

The following is an excerpt taken from Swedish oil gas firm Lundin Petroleum?s quarterly report for the financial year ended 30 September 2011 released on Wednesday.

Lematang (South Sumatra)
The net production to Lundin Petroleum from the Singa gas field (WI 25.9%) during the reporting period amounted to 1,000 boepd. Production from the Singa field commenced in 2010. Current gross production from the two Singa production wells is in excess of 30 million standard cubic feet per day (MMscfd) of sales gas.

Rangkas (Java)
A 474 km 2D seismic acquisition programme has been completed on the Rangkas block (WI 51%).

Baronang/Cakalang (Natuna Sea)
A 975 km? 3D seismic acquisition programme on the Baronang and Cakalang blocks (WI 100%) was completed in 2010. Exploration drilling will now commence in 2013. In addition a 1,500 km 2D seismic acquisition programme will be completed on Cakalang in 2011.

South Sokang (Natuna Sea)
A new Production Sharing Contract for the South Sokang block was signed in December 2010 (WI 60%). A 2,400 km 2D seismic acquisition programme was completed in 2011.

Gurita (Natuna Sea)
A new Production Sharing Contract for the Gurita block was signed in March 2011 (WI 100%). A 400km? 3D seismic acquisition programme will be completed in 2012. (end of excerpt)

Production	1 Jan 2011- 30 Sep 2011 9 months	1 Jul 2011- 30 Sep 2011 3 months	1 Jan 2010- 30 Sep 2010 9 months	1 Jul 2010- 30 Sep 2010 3 months	1 Jan 2010- 31 Dec 2010 12 months
Quantity in Mboe	292.6	128.5	636.9	234.1	887.1
Quantity in Mboepd	1.0	1.4	2.3	2.5	2.4

Average price per boe expressed in USD	1 Jan 2011- 30 Sep 2011 9 months	1 Jul 2011- 30 Sep 2011 3 months	1 Jan 2010- 30 Sep 2010 9 months	1 Jul 2010- 30 Sep 2010 3 months	1 Jan 2010- 31 Dec 2010 12 months
Quantity in Mboe	270.7	111.8	330.2	103.2	607.7
Average price per boe	32.54	32.26	63.83	51.96	65.31