Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Massive Johan Sverdrup Oil Field: Worth An Extra 30% For Lundin Petroleum

(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 (NYSE: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 Asia. Lundin Petroleum...

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