SPM Spg Media

RNS No 0580u
SODRA PETROLEUM AB
27 July 1999

                   SODRA PETROLEUM AB

Sodra Petroleum AB announces that its parent company,
Lundin Oil AB ("Lundin") has today issued the following
announcement:-

   Voluntary delisting from the Toronto Stock Exchange
                            
Lundin Oil announces that its shares have been delisted,
on a voluntary basis, from trading on the Toronto Stock
Exchange. The shares of the Company will continue to
trade on the Stockholm Stock Exchange O-list (LOIL B) and
on NASDAQ (LOILY). Lundin Oil is an independent oil and
gas exploration and production company with assets world-
wide.

For further information, please contact:

Magnus Nordin                           Tel: +46 8 440 54 50
Deputy Managing Director

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


Notes to editors

1.Lundin is the parent company of Sodra by virtue of
  its holding of 40,506,500 Ordinary Shares of SEK0.50
  each.  The 40,506,476 Convertible Shares of SEK0.50 each
  in Sodra listed on the AIM market are effectively
  convertible into the right to subscribe for B Shares in
  Lundin in November 2001.  Upon exercise of the conversion
  right, for every 12 Convertible Shares, the holder will
  receive a warrant to subscribe for 1 new Lundin B Share
  at the nominal price of SEK0.50.

2.Convertible Shares in Sodra are also listed on the
  New Market of the Stockholm Stock Exchange.  
  Lundin B Shares are currently quoted on the Stockholm 
  Stock Exchange, Toronto Stock Exchange and the Nasdaq National
  Market.

END

MSCGLGZNGNGLLMM

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