Lundin Petroleum Completes Sale of Tunisia Onshore Assets

Lundin Petroleum has completed the previously announced sale of its 50% shareholding in Compagnie Franco Tunisienne des Petroles to Spyker Energy, a private French company, for a consideration of US $3 million. The sale was completed following the receipt of regulatory approvals.

The acquisition price was settled by a cash payment previously made by Spyker on signing of the acquisition agreement and by a loan facility extended to Spyker. This loan has now been fully repaid.