Lundin awarded 7 new licences in Norway

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded seven new exploration licence interests in the 2007 Norwegian APA Licencing Round. These include four licences which will be operated by Lundin Petroleum. The licence interests detailed below are located in the North Sea, the Norwegian Sea and the Barents Sea.