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Revus share rockets ahead of Luno news


Published Oct 16, 2007
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Revus acreage

Norwegian independent Revus has responded to “recent speculation” in about what’s driving its share price with word the Luno prospect well it was drilling has shown “indications of hydrocarbons”.

Well 16/1-8 in License PL338 operated by Sweden-based partner Lundin Petroleum has not yet shown “movable” oil and gas, judging by statements made on the company’s behalf Tuesday.

The price of Revus stock appeared to shoot up from NOK70.25 to NOK80 toward the close of trading Monday.



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