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PA Resources’ Production report for April, 2011

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PA Resources’ average production of oil per day*

(barrels per day) Year to Date 2011 April 2011
West Africa 5,900 5,000
North Africa 3,500 3,600
Group Total 9,400 8,600

* Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalties and other taxes. Data for April is preliminary and includes average production 1 - 26 April, 2011.

  • West Africa: Production at the Azurite Field in the Republic of Congo in April has continued to be impacted by the ongoing drilling and completion of wells. A new injection well was put into operation in April. Production in May will remain reduced as a result of one well being taken out of production to be sidetracked to a new location. This final production well is estimated to be completed in the latter part of the second quarter.
  • North Africa: The Didon Field in Tunisia has produced primarily from two of its wells in the month of April.
  • For further comments on operations, see the Interim Report for first quarter 2011, which has been published today.

Stockholm, 4 May 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 08.30 CET on 4 May 2011.

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