PA Resources’ Production Report for July, 2013

Average production of oil, barrels per day*

Ytd,
  2013
Q2,
  2013
July,
  2013
West Africa 4,300 4,000 3,800
North Africa** 800 800 400
Total 5,100 4,800 4,200

* 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.

** Subject to the necessary approvals, PA Resources working interest in the Didon field in Tunisia has been reduced from 100% to 30% through the farm-out transaction with EnQuest. The production numbers have been retrospectively adjusted to a 30% interest as per 1 January 2013.  
 

  • As reported earlier, the production from the Didon field was shut down on 1 July to allow the Didon FSO vessel to undergo a comprehensive recertification work programme. Production is now expected to be restarted in late September. This maintenance-related production shortfall in Q3 is expected to be partly compensated by higher production in Q4.

Stockholm, 7 August 2013

PA Resources AB (publ)


For queries, please contact:
Tomas Hedström, CFO
+46 706534108

PA Resources AB (publ) is an i nternational 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, 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 share 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 a.m. CET on 7 August 2013.

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About Us

PA Resources AB 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).

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