Lukoil to make “big announcement”

From Upstream Online:

Shares in Russian explorer Lukoil broke through 2000 roubles ($70.22) and $70 for the first time today on the back of solid results and management promises of a “big announcement”.

Lukoil, which is 16% owned by US supermajor ConocoPhillips, also whetted investors’ appetites by saying it would make an announcement at the end of the month which would significantly affect their view of the company.

Russian newspapers said the announcement would probably be about a major find in the Caspian region.

I’m going to take a punt on this, and predict that the announcement will be regarding a partnership with a Middle East operating company. 90% chance I’ll be wrong, but let’s see.

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