PA Resources signs credit facility of USD 125 million
PA Resources AB (publ)
For further information, please contact:
Executive Vice President and CFO
PA Resources AB
Telephone: +46 708 19 59 18, +46 8 21 83 82
PA Resources AB (publ) is an international oil and gas group with the business strategy to acquire, develop, exploit and divest oil and gas reserves, as well as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial Guinea and the Republic of Congo (Brazzaville). PA Resources is today one of the largest oil producers in Tunisia. The parent company is located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,420 Million during 2008. The company is primary listed on the Oslo Stock Exchange in Norway (segment OB Match) and secondary listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap). For further information, please visit www.paresources.se.
Standard Bank is a leading African banking group focused on emerging markets globally. Standard Bank's Corporate and Investment Banking division is a leading global emerging markets corporate and investment bank and offers its clients banking, trading, investment, risk management and advisory services in developing economies throughout the world. It has specific sector expertise in industries relevant to its global footprint, with strong sector value propositions in: mining & metals; oil, gas & renewables; telecommunications & media; power & infrastructure and Financial Institutions. Standard Bank Plc in London is the bank's principal international subsidiary. It is authorised and regulated by the Financial Services Authority. For further information, visit www.standardbank.com/cib.