VOL. XL

No. 36

8-September-1997

SUDAN

IPC And Sands Petroleum Discuss Possible Merger; Speculation Arises On ArakisTakeover Bid

The Vancouver-based International Petroleum Corporation (IPC) and Sweden's SandsPetroleum AB - which is owned 31% by Adolf Lundin's interests including IPC - announced on31 August that their Boards of Directors were holding discussions on the possible mergerof the two firms. The IPC/Sands announcement described the merger as a business"combination" of their operations...