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Editor's notes: The recent discovery represents a powerful long-term catalyst going forward for Lundin Petroleum. Despite the rise in share price on this news, LUPE.ST remains attractive.

(Editor's Note: Investors should note that trading of LNDNF is very illiquid. Improved liquidity is available on the Stockholm Exchange under LUPE.ST)

Last Friday, StatOil (STO) Executive VP Margareth Øvrum, turned some heads when she commented on the massive Johan Sverdrup discovery:

This is very, very good oil and the reservoir is good. If we work with that over the lifetime, we can manage to get almost a 70 % recovery rate.

While this is certainly great news for StatOil, it is even more important for one of STO's partners: Lundin Petroleum (OTCPK:LNDNF). Lundin Petroleum is an independent Swedish oil and gas exploration and production company with core assets in Norway and South-East...

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