PA Resources continues strategic review process
As stated in the press release “PA Resources’ board of directors decides to continue with the reorganisation” dated 15 April 2015, the board of directors have been reviewing its strategic options as part of the corporate reorganisation process. Following significant progress in the corporate reorganisation, the strategic review process is now entering a more formal and active phase.
The aim of the process is to explore the company’s different options with regards to maximising the value in the interest of the company’s different stakeholders. The options being explored are long-term funding for all or part of the business, a corporate transaction or the divestment of individual assets or business units. The review process is expected to be ongoing throughout the remainder of 2015.
Stockholm 27 May, 2015
PA Resources AB (publ)
For additional information, please contact:
Mark McAllister, President & CEO
Phone: +44 (0)203 322 0100
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), United Kingdom, Denmark, Netherlands and Germany. PA Resources is producing oil in North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 603 million in 2014. 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 17:30 CET 27 May 2015.