VOL. XLV

No 28

15-July-2002

TUNISIA

Lundin Petroleum Sees Potential From Coparex Tunisian Assets

Swedens Lundin Petroleum says that the producing Tunisian assets ofCoparex International, haveexcellent upside potential from existing discoveries and exploration assets. Lundin agreed to buy 95.3% of Coparexfrom BNP Paribas for $172.5mn in cash as well as up to $27.5mn based on cashflow from the producing Tunisian assets. At the time of the transaction, Coparex produced around 15,900 b/d of which...