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PA Resources’ Production Report for July, 2012

PA Resources: (STO:PAR) (OSE:PAR):

Average production of oil per day*

 
(barrels per day)       Year to date,       July,  
        2012       2012  
                   
West Africa       5,900       5,800  
North Africa       2,400       2,400  
Group Total       8,300       8,200  
                   

* Production based on Working Interest, which is PA Resources’ share of the total gross production of the oil fields before deduction of royalty and taxes etc. Production figures are preliminary.

  • Following a full evaluation of remedial options to replace or reinstate the earlier communicated failed production well at the Azurite Field in the Republic of Congo the joint venture has agreed to drill a sidetrack. Preparatory activities have commenced and drilling operations are expected to start in early Q4 and take several months.
  • In Tunisia production on the Tamesmida field was re-started in early July.

Stockholm, 8 August 2012

PA Resources AB (publ)

PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. The company is listed on the NASDAQ OMX in Stockholm, Sweden (segment Mid Cap). For additional information, please visit www.paresources.se.

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08.30 CET on 8 August 2012.

This information was brought to you by Cision http://www.cisionwire.com

連絡先

PA Resources AB
Bo Askvik, President and CEO
+46 708 19 59 18
ir@paresources.se

PR

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