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 March 2012 released on Thursday.

Lematang (South Sumatra)
The net production to Lundin Petroleum from the Singa gas field (WI 25.9%) during the reporting period amounted to 1.2 Mboepd. Production in the reporting period has been affected by well maintenance work which is expected to continue into the second quarter of 2012.

Baronang/Cakalang (Natuna Sea)
Planning is underway for the commencement of exploration drilling on the Baronang and Cakalang Blocks (WI 100%) in 2013.

South Sokang (Natuna Sea)
The interpretation of the 2,400 km 2D seismic acquisition programme, completed in 2011, is ongoing to determine the location for a 3D seismic acquisition programme in 2013.

Gurita (Natuna Sea)
A 3D seismic acquisition programme of 950 km? will be completed in 2012 on the Gurita Block (WI 100%).

Rangkas (Java)
Following interpretation of the 474 km 2D seismic acquisition programme completed on the Rangkas Block (WI 51%) during 2010, a decision was taken in the first quarter of 2012 to relinquish the Block. (end of excerpt)

Production	1 Jan 2012- 31 Mar 2012 3 months	1 Jan 2011- 31 Mar 2011 3 months	1 Jan 2011- 31 Dec 2011 12 months
Quantity in Mboepd	1.1	0.8	1.2

Average price per boe expressed in USD	1 Jan 2012- 31 Mar 2012 3 months	1 Jan 2011- 31 Mar 2011 3 months	1 Jan 2011- 31 Dec 2011 12 months
Quantity in Mboe	97,8	64,2	387,7
Average price per boe	32.49	32.91	32.42