PA Resources’ Production Report for May, 2013

Average production of oil per day*

(barrels per day) Year to date,
2013
May,
2013
West Africa 4,500 3,900
North Africa 800 800
Group Total 5,300 4,700

* 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. 

  • Subject to the necessary approvals, PA Resources working interest in Didon is reducing from 100% to 30% through the announced transaction with EnQuest. Production from the Didon field in Tunisia is now reported net to PA Resources 30% interest and year to date numbers have been retrospectively adjusted to a 30% interest as from the effective date of 1 January 2013.
  • Production rates at Azurite field continue to be affected by unstable flowing conditions.
  • As previously advised production at the Aseng field has come off plateau and is affected by limitations on the production vessel’s gas handling capacity.

Stockholm, 5 June 2013

PA Resources AB (publ)

For queries, please contact:

Tomas Hedström, CFO, PA Resources
+46 8 545 211 56
 

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 2,184 million in 2012. The share is listed on the NASDAQ OMX in Stockholm, Sweden. 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 am CET on 5 June 2013

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About Us

PA Resources AB 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).

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