Article: Sweden's Lundin Petroleum AB sells assets in Africa to Africa Oil Corporation.

NORDIC BUSINESS REPORT-5 February 2009-Sweden's Lundin Petroleum AB sells assets in Africa to Africa Oil Corporation(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish independent oil and gas company Lundin Petroleum AB (OMX Stockholm:LUPE) announced on Thursday (5 February) that it has agreed to sell its wholly-owned subsidiaries Lundin East Africa BV and Lundin Kenya BV to the Canadian oil E&P company Africa Oil Corporation.

The combined sales price amounts to approximately USD20m, which will be financed through a loan from Lundin Petroleum to Africa Oil.

Lundin East Africa holds interests in Blocks 2, 6, 7 and ...

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