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 31 March 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 800 boepd. Production from the Singa field commenced in 2010. Current gross production from the first production well is approximately 20 million standard cubic feet per day (MMscfd) of sales gas. A second development well has been completed during the reporting period and will increase production going forward.

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 block (WI 100%) was completed in 2010. Interpretation has been completed and exploration drilling will commence in 2012. 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 program will be 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 program will be completed in 2011. (end of excerpt)

Production	1 Jan 2011 - 31 Mar 2011(3 months)	1 Jan 2010 - 31 Mar 2010 (3 months)	1 Jan 2010 - 31 Dec 2010 (3 months)
- Quantity in Mboe	70.1	197.4	887.1
- Quantity in Mboepd	0.8	2.2	2.4

Average price per boe expressed in USD	1 Jan 2011 - 31 Mar 2011 (3 months)	1 Jan 2010 - 31 Mar 2010 (3 months)	1 Jan 2010 - 31 Dec 2010 (3 months)
- Quantity in Mboe	64.2	124.7	607.7
- Average price per boe	32.91	70.50	65.31