PA Resources’ Production Report for Q3, 2013

Average production of oil, barrels per day*

Year to date,
2013
Q3,
2013
September,
2013
West Africa 4,200 3,800 3,800
North Africa** 700 400 300
Total 4,900 4,200 4,100

* 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 the Didon field in Tunisia has been reduced from 100% to 30% through the farm-out transaction with EnQuest. The production numbers have been retrospectively adjusted to a 30% interest as per 1 January 2013

  • Total oil production in Q3, 2013:                             383,700 barrels
    • Average sales price in Q3, 2013:                      108 USD per barrel (preliminary)
    • The on-going maintenance and upgrade programme for the Didon FSO vessel has been extended and production is now expected to recommence towards the end of October. The production shortfall is expected to be partly compensated by higher production once the Didon field is back on stream.

Stockholm, 7 October 2013
PA Resources AB (publ)


For queries, please contact:
Tomas Hedström, CFO
+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, 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 8.30 a.m. CET on 7 October 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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