Orron Energy AB (LNDNF)

[ChitForBrains]

Hugh oil find in North Sea by Statoil which Lundin holds 40% and 10% each on the two wells so far.
http://www.forbes.com/feeds/ap/2011/08/16/general-eu-norway-oil-discovery_8625392.html

....Statoil's stock was up less than 1 percent to 123.5 kroner ($22.6) on the Oslo Stock Exchange.

Meanwhile, shares of Lundin Petroleum, an independent Swedish oil and gas firm that owns 40 percent of Avaldsnes and 10 percent of Aldous Major South, rose more than 6 percent to 84.95 kroner ($13.25) on the Stockholm Stock Exchange Tuesday.

"It's clear that the Avaldsnes/Aldous Major South is a world class find and will probably become one of the largest Norwegian fields that have been discovered in recent times," Lundin Petroleum CEO Ashley Heppenstall said in that statement.

Lundin Petroleum is the operator of the Avaldsnes discovery....