PA Resources’ Production Report for August 2011
Average production of oil per day*
(barrels per day) | Year to Date 2011 | August 2011 |
West Africa | 5,400 | 4,600 |
North Africa | 3,500 | 3,100 |
Group Total | 8,900 | 7,700 |
* Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalty and other taxes. Production figures are preliminary.
- West Africa: In August, production at the Azurite Field in the Republic of Congo was partly affected by one well being taken out of production for a short period of time in connection with subsea installation activities. Production continues to be below the operator's previously forecasted levels. Activities and assessments to determine the wells’ and the field’s future production levels are still carried out and with high priority.
- North Africa:The production in Tunisia has been stable in August, but has been affected by a temporary shut-down of the Didon Field during three days.
Stockholm, 9 September 2011
PA Resources AB (publ)
For additional information, please contact:
Nicolas Adlercreutz
CFO, PA Resources AB
Telephone: +46 70 587 44 88
E-mail: info@paresources.se
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, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is one of the largest 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 in Stockholm, Sweden (segment Mid Cap). 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 08.15 CET on 9 September 2011.