LNDNF - Lundin Petroleum Is On Its Way To Spectacular Revenue Growth
Swedish Lundin Petroleum (LUPEY, LNDNF, LNDNY) presented its FY18 results and held the Capital Markets Day a month ago. Since then it drilled two wells, 7132/2-1 (operated by Equinor (EQNR)) targeting the Gjøkåsen Shallow prospect and 7121/1-2 S (operated by Lundin Norway) on the Pointer and Setter prospects. Both were dry. In my previous coverage in December 2018, I have already discussed the Silfari well that also did not contain hydrocarbons. Now the drilling rig Leiv Eiriksson is on its way to drill an exploration well 16/1-31 S and