Lundin To Gain Final 30% Stake In Brynhild Field Offshore Norway

To buy an additional 30% interest in PL148 containing Brynhild Field offshore Norway.

Lundin Petroleum AB, Stockholm, (Toronto: LUP) plans to acquire an additional 30% interest in PL148 containing Brynhild Field offshore Norway from Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) for an undisclosed price.

Lundin previously raised its interest in the field to 70% in November 2011 following an acquisition of 20% interest from Norwegian Energy Co. ASA. Following this latest deal, Lundin will hold 100% interest in PL148.

Brynhild Field is forecast to produce first oil in late 2013 at a gross plateau production of 12,000 barrels of oil per day.