From Marketwire: Lundin Petroleum Commences Exploration Drilling Activities in Malaysia


Dateline 2011-05-17:

Lundin Petroleum AB (Lundin Petroleum) (TSX:LUP)(OMX:LUPE) is pleased to announce that it has commenced its Malaysian drilling campaign with the spud of the Tarap-1 well in the SB 303 Block offshore Sabah, East Malaysia.

The well will target Miocene sandstones in the Kindu sub basin. The well will be drilled with the Offshore Courageous rig in a water depth of approximately 70 meters. It will be a deviated well, directionally drilled to intersect a series of stacked seismic anomalies, with a planned total depth of 2,140 meters subsea.

The well is the first of the five well programme planned in 2011 by Lundin Malaysia BV in its Malaysian Blocks.

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