LASMO plc is a substantial international independent exploration and production company. Formed in 1971, the LASMO Group now has a turnover of over $1billion and a market capitalisation of $1.5-2.0 billion. The Company?s shares are listed on the London & New York Stock Exchanges. From its corporate headquarters in the City of London, LASMO employs some 650 people around the globe. The Company has a proven and probable reserve base of some 1.24 billion barrels of oil equivalent and in 1999 production levels have averaged approximately 180,000 barrels of oil equivalent per day.