PA Resources’ Production Report for July, 2012

Average production of oil per day*

* Production based on Working Interest, which is PA Resources’ share of the total gross production
of the oil fields before deduction of royalty and taxes etc. Production figures are preliminary.

• Following a full evaluation of remedial options to replace or reinstate the earlier communicated
  failed production well at the Azurite Field in the Republic of Congo the joint venture has agreed
  to drill a sidetrack. Preparatory activities have commenced and drilling operations are expected
  to start in early Q4 and take several months.
  
• In Tunisia production on the Tamesmida field was re-started in early July.
  

Stockholm, 8 August 2012
PA Resources AB (publ)

For additional information, please contact:
Bo Askvik, President and CEO, PA Resources AB
+46 708 19 59 18, ir@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 producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. 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 08.30 CET on 8 August 2012.

Tags: