Lundin Oil’s krisbrev to shareholders – Expressen

The brottsmisstänkte Lundin Oil’s chairman of the board Ian H. Lundin now writing to shareholders that the board is convinced that the missing “basis for all allegations of misconduct by någonföreträdare for Lundin.”

He denies all allegations of crimes when it comes to both him and the company’s managing director Alex Schneiter.

This is Lundin Petroleum chairman Ian lundin’s Swedish open letters to shareholders since he and managing director Alex Schneiter been notified of the suspicion of complicity to gross crimes.

“Open letter from Ian H. Lundin

Dear shareholders,

We want with this letter to give you an update on the Swedish preliminary investigation in respect of lundin’s Swedish activities in Sudan between 1997 and 2003. We are cooperating fully with the investigation which is now in its seventh year and which, we hope, is in its final stages.

for several years We have tried to get an opportunity to speak with the prosecutor so that we can give him all the information we have about our time in Sudan. We can now announce that the prosecutor has called Alex Schneiter and me to interview and have provided us with the suspicion that is the basis for the investigation. This process is a part of the normal procedure in the Swedish pre-trial investigations and we would like to point out that no charges have been filed, and that this did not mean that a prosecution will be brought.

the Board of directors remains convinced that there are no grounds for any allegations of misconduct by any representative of Lundin. Lundin has always advocated peace in Sudan and this peace must be achieved through peaceful means. It is our firm belief that our activities in Block 5A, through investments in infrastructure and efforts of local people and humanitarian aid, helped to improve the lives of thousands of people.

For more information about our activities in the Sudan, I would refer you to the website and the report "lundin’s Swedish history in the Sudan," which provides a detailed description of our activities in the region between the years 1997 and 2003.

This process does not affect in any way the value of our assets or our business. We continue to deliver strong results and Lundin Petroleum has an exciting future ahead of him. During the third quarter, we increased our production forecast for the full year to between 70 000 and 75 000 boepd and reported a record low verksamhetskostnad of 7.2 USD per barrel, which means that we are on track to achieve our target for the full year of 9.0 USD per barrel. We are also well positioned for our next phase of growth, which will lead to an expected production of 120 000 boepd while production from the Johan Sverdrup Phase 1 starts at the end of 2019.

Finally, I would like to take this opportunity to thank all our stakeholders for your continued support of Lundin Petroleum and the company’s exciting future.

sincerely,

Ian H. Lundin Chairman of the board”.