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Lundin Petroleum officials to be questioned on possible complicity in Sudan war crimes - Business & Human Rights Resource Centre

Lundin Petroleum officials to be questioned on possible complicity in Sudan war crimes - Business & Human Rights Resource Centre
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Lundin Oil: A Case Study in Disinformation, Politics and Prosecutorial Activism

  Disinformation – a deliberate passing on false information in order to cause confusion or completely mislead the recipient is not a novel concept, it is an efficient weapon of war. However, false news or alternative facts as a concept are not a product of the modern era, but an occurrence in existence since the conception of impartment of information. [1] A noteworthy example of wrong allegations and disinformation is indeed the case of Lundin Energy in Sudan – a Swedish oil and mining company, formerly known as Lundin Petroleum and Carl Bildt, former Prime Minister and Minister of Foreign Affairs of Sweden, as well as a member of the board of Lundin from the year 2000 to 2006. Lundin’s Chairman and former CEO have been under investigation by the Swedish Prosecutor for 11 years for alleged complicity in war crimes. A decision whether to charge has been deferred many times but another suspicion sheet has recently been issued. A final decision seems to be on the horizon.

Maha Energy AB (via Public) / Maha Energy AB (publ) ( Maha or the Company ) August Production Volumes

Production Volumes The Company s aggregate sales production for the month of August totaled 102,108 1 barrels of oil and 51.013 million scf of gas for a combined average production of approximately 3,568 BOE/day 2, before royalties and taxes. Brazil production progressively increased during August as both the gas and oil customers, continued with previously announced upgrading and commissioning of their facilities to take more volumes. Oil deliveries to Petrobras from the Tie Field were affected for four days due to unscheduled maintenance at the Petrobras unloading station. Tartaruga Field lost one day of production due to minor pump maintenance in the field. Maha Energy holds a 75% working interest in the SES-107 Tartaruga oil and gas concession onshore Brazil. Petrobras holds the remaining 25% and is non-operator.

Maha Energy AB (via Public) / Maha Energy AB (publ) ( Maha or the Company ) Comments on current market conditions

Maha Energy AB (publ) - Comments on current market conditions Maha maintains a very close eye on the current market conditions. Using up-to-date production information, pricing and spending limits, the Company monitors the financial well-being of the company very closely. As of today, the company has determined that all future financial obligations can be met, including full repayment of the bond in May 2021, given the current oil market conditions. Furthermore, and if necessary, the company has many operational options at its disposal to address a prolonged depressed oil price. Maha has already taken steps to reduce operating expenses. For example, at the end of March, operations at the LAK Ranch oil field will be suspended until further notice. The pre-development LAK Ranch heavy oil field is uneconomic at the current oil prices.

Maha Energy AB (via Public) / Maha Energy AB: Announces Operational Update

Maha Energy AB (via Public) / Maha Energy AB: Announces Operational Update
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