Carla exploration well commences in Block I, Equatorial Guinea
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 similar age to those in the discovery to the north and the well is expected to take around 25 days to reach total depth, with plans for a subsequent sidetrack of similar duration.
PA Resources’ CEO Bo Askvik commented: “We are very glad to have resumed exploration drilling in Block I, following an extended period focussed on development of the Aseng and Alen Fields. In addition it is likely that an appraisal well will be drilled in Block I later this year on the existing Diega discovery and this year’s drilling programme will be valuable in progressing the next field development or developments in Block I”.
Stockholm, 3 April 2013
PA Resources AB (publ)
For queries, please contact:
Bo Askvik, President and CEO, PA Resources
+46 8 545 211 50
PA Resources AB (publ) 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 2,184 million in 2012. The company is listed on the NASDAQ OMX in Stockholm, Sweden. 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 8.30 am CET on 3 April 2013.