Annual Report 2005 (6 MB) - Lundin Petroleum

FINANCIAL REPORT DATES
Lundin Petroleum will publish the following interim reports:
■ 16 May 2006 Three month report 2006.
■ 16 August 2006 Six month report 2006.
■ 15 November 2006 Nine month report 2006.
■ February 2007 Year End report 2006.
The reports are available on Lundin Petroleum’s website, www.lundinpetroleum.com
direct after public announcement in Swedish and
English. The reports are sent automatically to shareholders who have
requested the information.
ANNUAL GENERAL MEETING
The Annual General Meeting (AGM) is held within six months from the
close of the fi nancial year. All shareholders who are registered in the
shareholders’ registry and who have duly notifi ed their intention to
attend the AGM may do so and vote in accordance with their level of
shareholding. Shareholders who cannot participate personally may be
represented by proxy.
The AGM of the shareholders is to be held on Wednesday, 17 May 2006
at 13.00 (Swedish time). Location: China Teatern (for registration Berns
main entrance, 1 fl oor down) Berzelii Park, in Stockholm.
Attendance at the meeting
Shareholders wishing to attend the meeting shall:
■ be recorded in the share register maintained by the Swedish Central
Securities Depository (VPC) on Thursday 11 May 2006; and
■ notify Lundin Petroleum of their intention to attend the meeting no
later than Friday 12 May 2006
Confi rmation of attendance
■ in writing to Lundin Petroleum AB, Hovslagargatan 5,
SE-111 48 Stockholm, Sweden
■ by telephone: +46-8-440 54 50
■ by fax: +46-8-440 54 59
■ by e-mail: bolagsstamma@lundin.ch
When registering please give your name, personal social security
number/company registration no., address and daytime telephone
number.
Shareholders whose shares are registered in the name of a nominee must
temporarily register the shares in their own names in the shareholders’
register. Such registration must be eff ected by 11 May 2006.
Printed in Sweden
Landsten Reklam – Vindspelet Grafi ska
Photography: André Longchamp, Ulf Blomberg, Kaia Moens
DEFINITIONS
An extensive list of defi nitions can be found on the Lundin Petroleum website
www.lundin-petroleum.com under the heading “Defi nitions”
Abbreviations
SEK Swedish krona
USD US dollar
CHF Swiss franc
NOK Norwegian krona
GBP British pound
TSEK Thousand SEK
TUSD Thousand USD
TCHF Thousand CHF
MSEK Million SEK
MUSD Million USD
Oil related terms and measurements
bbl Barrel (1 barrel = 159 litres)
bcf Billion cubic feet (1 cubic foot = 0.028 m 3 )
boe Barrels of oil equivalents
boepd Barrels of oil equivalents per day
bopd Barrels of oil per day
Mbbl Thousand barrels (in Latin mille)
MMbo Million barrels of oil
MMboe Million barrels of oil equivalents
MMbopd Million barrels of oil per day
Mcf Thousand cubic feet
Mcfpd Thousand cubic feet per day
MMscf Million standard cubic feet
Probable reserves
Probable reserves are those unproved reserves which analysis of geological and
engineering data suggests are more likely than not to be recoverable.In this
context, when probablistic methods are used, there should be at least a 50%
probability that the quantities actually recovered will equal or exceed the sum
of estimated proved plus probable reserves.
Proved reserves
Proved reserves are those quantities of petroleum which, by analysis of
geological and engineering data, can be estimated with reasonable certainty to
be commercially recoverable, from a given date forward, from known reservoirs
and under current economic conditions, operating methods and governmental
regulations. Proved reserves can be categorised as developed or undeveloped.
If deterministic methods are used, the term reasonable certainty is intended
to express a high degree of confi dence that the quantities will be recovered. If
probablistic methods are used, there should be at least a 90% probability that
the quantities actually recovered will equal or exceed the estimates.