Final planned production well at Azurite in production

The oil and gas group PA Resources advises that the final production well on Azurite Field offshore Republic of Congo has today commenced oil production as planned.

As previously reported, this well was drilled as a sidetrack from an existing field production well, which it replaces. All planned wells have now been drilled and completed at the field.

PA Resources has a 35 percent working interest in the production sharing contract for the Azurite Field, the operator Murphy Oil Corporation has a 50 percent working interest and Société Nationale Petroles du Congo 15 percent.

Stockholm, 8 June 2011
PA Resources AB (publ)

For additional information, please contact:
Bo Askvik
President and CEO
PA Resources AB                                                                    
Mobile: +46 70 819 59 18
E-mail: info@paresources.se

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), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is one of the larger oil producers in Tunisia and is also producing oil in the Republic of Congo. The parent company is located in Stockholm, Sweden.
PA Resources’ net sales amounted to SEK 2,227 million during 2010. The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap). For additional information, see 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 15.50 CET on 8 June 2011.