SPM Spg Media

RNS No 2830e
SODRA PETROLEUM AB
13th October 1998


                    LUDIN OIL SUBSIDIARY
        SODAR PETROLEUM FINISHES FIRST WELL IN TRANCHE F 
                    OFFESHORE FALKLANDS
       
Lundin Oil AB (the"Company") announces that the first well, 14/24-1 in Tranche F
offshore the Falkland Islands has been terminated at a total depth of 9,642 feet
(2,938 metres).  The well encountered several oil source rock intervals and
porous sandstone, but did not encounter 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 on 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 prespect in Tranche F.  The timing and extent of Sodra's
future work program will be decided after the evaluation of the data from this
well and other wells in the region have been completed.

Sodra Petroleum is the operator and holds a 87.5% interest in Tranche F.  Desire
Petroleum Plc holds the remaining 12.5%.  Sodra Petroleum is a 50% owned
subsidiary of Lundin Oil.  Sodra's class of convertible share are listed on the
New Market of the Stockholm Stock Exchange and on the Alternative Investment
market of London Stock Exchange.


END

DRLFFWFIDUAUFSS

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