News : Equatorial Guinea

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Carla South sidetrack finds oil in Block I, Equatorial Guinea

5/20/2013 4:30 AM EST  -   PA Resources AB
The Carla South I-7 ST-1 sidetrack to the I-7 exploration well in Block I has encountered oil in good quality sandstones. The sidetrack in Block I in Equatorial Guinea has reached a total measured depth of 3,460m. Drill cuttings, wireline log data and downhole measurements indicate that the sidetrack encountered an aggregate of approximately 9-11m of net oil pay in good quality sandstones at several levels. The well...

Carla South oil discovery in Block I, Equatorial Guinea

5/2/2013 2:30 AM EST  -   PA Resources AB
The Carla South exploration well in Block I has encountered oil in good quality sandstones at the target level. The well will shortly be side-tracked to an adjacent target.
The Carla South (I-7) exploration well in Block I in Equatorial Guinea has reached a total measured depth of 3,660m. Drill cuttings, wireline log data and downhole measurements indicate that the deviated well encountered approximately 12m...

Carla exploration well commences in Block I, Equatorial Guinea

4/3/2013 2:30 AM EST  -   PA Resources AB
PA Resources advises that the Noble Energy-operated I-7 exploration well on the Carla South exploration prospect in Block I (PA Resources 5.7%) was spudded by the Atwood Hunter semi-submersible drilling rig just before Easter.
The Carla South prospect lies on trend with the Carla North discovery recently appraised in Block O to the north of Block I in Equatorial Guinea. The target is Tertiary sandstones of...

PA Resources’ Production Report for Q2, 2012

7/6/2012 2:30 AM EST  -   PA Resources AB
Average production of oil per day*

(barrels per day) First half, Q2, June,
2012 2012 2012
West Africa 5,900 5,700 6,000
North Africa 2,400 2,300 2,200
Group Total 8,300 8,000 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.

· Total oil production in Q2,...

PA Resources’ Production Report for May 2012

6/5/2012 2:30 AM EST  -   PA Resources AB
Average production of oil per day*

(barrels per day) Year to Date 2012 May 2012
West Africa 5,900 5,300
North Africa 2,500 2,100
Group Total 8,400 7,400

* 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.

· The Aseng Field in Equatorial Guinea continued to produce at a...

PA Resources’ Production Report for April 2012

5/8/2012 2:30 AM EST  -   PA Resources AB
Average production of oil per day*

(barrels per day) Year to Date 2012 April 2012
West Africa 6,100 5,700
North Africa 2,600 2,700
Group Total 8,700 8,400

* 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.

· The production level at the Aseng Field in Equatorial Guinea...

PA Resources’ Interim Report for January - March 2012

4/25/2012 1:45 AM EST  -   PA Resources AB
SUMMARY · Group revenue amounted to SEK 650 million (583) for the first quarter. · EBITDA for the quarter was SEK 395 million (359). · Profit before tax for the first quarter was SEK 68 million (143).  · Operating cash flow for the first quarter totalled SEK 175 million (142). · After the end of the quarter, a lifting of approximately 520,000 barrels of oil was completed at the Azurite field. · Cash...

PA Resources’ Production Report for Q1, 2012

4/10/2012 2:30 AM EST  -   PA Resources AB
PA Resources’ average production of oil per day*

(barrels per day) Quarter 1, March,
2012 2012
West Africa 6,200 5,800
North Africa 2,500 2,400
Group Total 8,700 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.

· Total oil production in Q1,...

PA Resources’ Annual Report for 2011 published

3/30/2012 9:12 AM EST  -   PA Resources AB
PA Resources’ Annual Report for 2011 has been published today and is available at www.paresources.se.
The printed version of the Annual Report will be distributed as from week 16 to those who have notified their interest to   or at telephone +46 (0) 8 545 211 50.

For complete Annual report, see attached pdf-file.

Stockholm, 30 March, 2012
PA Resources AB (publ)

For additional information,...

PA Resources’ Production Report for February 2012

3/7/2012 2:30 AM EST  -   PA Resources AB
Average production of oil per day*

(barrels per day) Year to Date 2012 February 2012
West Africa 6,400 6,200
North Africa 2,600 2,500
Group Total 9,000 8,700

* 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.

· During February, one well in the Azurite Field in Republic...