Lundin Petroleum AB’s 2012 Net Production Forecast Between 32,000 and 38,000 BOEPD

- January 23rd, 2012

Lundin Petroleum AB (TSX:LUP) reported that its 2012 net production forecast will be between 32,000 and 38,000 boepd.

Lundin Petroleum AB (TSX:LUP) reported that its 2012 net production forecast will be between 32,000 and 38,000 boepd.

As quoted in the press release:

The mid-point of the 2012 production guidance represents a 5 percent increase compared to 2011 production. The production from Norway represents 70 percent of forecast production in 2012. Oil represents approximately 80 percent of forecast production in 2012.

Lundin Petroleum’s President and CEO, Ashley Heppenstall commented:

In 2011 we again achieved the upper end of our forecast production guidance.

Click here to read the Lundin Petroleum AB (TSX:LUP) press release.

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