No 26



Lundin Petroleum Completes Sale Of Block 5A Stake

Lundin Petroleum announced on 23 June it had completed the sale of its 40.375% working interest in Sudans Block 5A to its existing partner Petronas Carigali Overseas (MEES, 5 May). The cash consideration paid at completion was $142.5mn adjusted for working capital at 31 March 2003. Block 5A is located in the Muglad Basin in southern Sudan and contains the undeveloped Thar Jath field, which contains gross proven...