Lundin Gets Approval to Drill 7/4-2 Exploration Well

Lundin Norway AS has received consent to drill exploration well 7/4-2 with the Maersk Giant in the North Sea.

Well 7/4-2 is part of production license 148, with Lundin as operator and Talisman Energy and Norwegian Energy Company as the other licensees.

The well is located in the North Sea approximately 240 km southwest of Egersund. The Maersk Giant received an Acknowledgement of Compliance (AoC) in February 2002.

Planned start-up of the drilling activity is October 1, 2007. It is expected to take approximately 60 days to drill the well.

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