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 July 2012 released on Tuesday.

Lematang (South Sumatra)
The net production to Lundin Petroleum from the Singa gas field (WI 25.9%) during the reporting period amounted to 0.9 Mboepd. Production in the reporting period has been negatively affected by well maintenance work which is not expected to be completed until the end of the third quarter of 2012.

Baronang/Cakalang (Natuna Sea)
Exploration drilling on the Baronang Block (WI 100%) is expected to commence 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? has been completed in 2012 on the Gurita Block (WI 100%). (end of excerpt)

Production	1 Jan 2012- 30 Jun 2012 6 months	1 Apr 2012- 30 Jun 2012 3 months	1 Jan 2011- 31 Dec 2011 12 months
Quantity in Mboepd	0.9	1.1	1.2

Average price per boe expressed in USD	1 Jan 2012- 30 Jun 2012 6 months	1 Apr 2012- 30 Jun 2012 3 months	1 Jan 2011- 31 Dec 2011 12 months
Quantity in Mboe	162.2	64.4	387.7
Average price per boe	32.83	33.35	32.83