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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > LASMO plc

LASMO plc
NYSE: LSMR
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 PROFILE
The UK's second-largest independent oil and gas exploration and production company (behind its major competitor Enterprise Oil), LASMO is hoping to lasso more revenues by focusing on the development of high-producing areas. Most of LASMO's production comes from the UK and Indonesia (83%), but the company also operates in North Africa (primarily Libya and Algeria), Pakistan, and Venezuela. Through joint ventures, the company is also exploring options in the Middle East. LASMO has proved and probable reserves of about 1.2 billion barrels of oil equivalent. US oil firm Amerada Hess agreed to buy the company in 2000, but Italy's Eni weighed in with a higher bid.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 960.00
1-Yr. Sales Growth: 19.6%
Employees: 732
Revenue per employee: $1,311,475.41

 KEY PEOPLE
• Ennio Sganzerla
    CEO
• Paul Murray
    CFO

 CONTACT INFO
101 Bishopsgate
London EC2M 3XH, United Kingdom
Phone: 44-020-7892-9000
Fax: 44-020-7892-9292
Online: Web Site

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