SPM Spg Media

RNS No 2089j
SODRA PETROLEUM AB
12th October 1998


           SODRA FINISHES FIRST WELL IN TRANCHE F,
                    OFFSHORE FALKLANDS
                              
Sodra Petroleum announces that the well 14/24-1, offshore
Falkland Islands, has been terminated at a total depth of
9,642 feet (2,938 meters).  The well encountered several oil
source rock intervals and porous sandstone, but did not find
any oil or natural gas.

The drilling rig Borgny Dolphin now moves onto Tranche A to
drill a second well for Amerada Hess, and then to Tranche B
to drill a second well for Shell.

Following the completion of this well, Sodra has sufficient
funds to drill a second well on another prospect in Tranche
F.  The timing and extent of the future work program will be
decided after the evaluation of data from this well and
other wells has been completed.

Sodra Petroleum has an 87.5 per cent interest in the
Tranche, Desire Petroleum holds 12.5 per cent.

Enquiries to:

Vince Hamilton                          Tel: 0171 446 8300
Sodra Petroleum

Simon Rothschild/Judith Parry           Tel: 0171 256 5756
Millham Communications

Sodra Petroleum is listed on the Stockholm stock Exchange
New Market and on alternative Investment Market of the
London Stock Exchange.

Sodra is a 50% owned subsidiary of Lundin Oil AB.

END

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