VOL. XLI

No. 04

26-January-1998

GENERAL

Sands Petroleum Acquires 95.5% Of International Petroleum Corporation Shares

The Vancouver-based International Petroleum Corporation (IPC) announced on 16 Januarythat Sweden's Sands Petroleum Ab has now completed its takeover bid for IPC and that Sandshas acquired approximately 95.5% of the outstanding common shares of IPC in addition tothe common shares already held by Sands. Sands - which is owned 31% by Adolf Lundin'sinterests which include IPC - had...