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BRIEF-Lundin Petroleum completes Albert prospect test well

Thursday, 11 Oct 2012 | 2:07 AM ET

STOCKHOLM, Oct 11 (Reuters) - Lundin Petroleum :

* Completes exploration well on the albert prospect in northern North Sea

* The well encountered oil in thin Cretaceous reservoir sequence at the predicted level for the primary target.

* The thin thickness and uncertain distribution of the reservoir do not give a basis for resource estimation at this stage.

* Further geophysical and geological studies are required to clarify the potential in the discovery. * The Triassic secondary reservoir was tight without movable hydrocarbons. A minor column of movable hydrocarbons were also encountered in a Palaeocene secondary target.

((Stockholm Newsroom; +46 8 700 1017))