PA Resources is delisted from Oslo Stock Exchange, primary listed at NASDAQ OMX Stockholm and announces information document

Oslo Stock Exchange has approved PA Resources AB's application to delist the company's share and convertible bond loan with last quotation day on 31 January 2011. At the same time NASDAQ OMX has approved the company's application for a primary listing of the company's share at the exchange in Stockholm. PA Resources also announces the information document prepared in connection with the primary listing.

The oil and gas company PA Resources AB has, as previously has been announced, applied for delisting of its share and convertible  2008/2014 from the Oslo Stock Exchange and primary listing of its share on NASDAQ OMX Stockholm. The share has been primary listed on the Oslo Stock Exchange since 2001 and secondary listed on the NASDAQ OMX Stockholm since 2006. The convertible bond is listed on both exchanges and active trading takes place in Stockholm, while the convertible bond never has been traded on the Oslo Stock Exchange.

Oslo Stock Exchange has now approved PA Resources' application for delisting of the company's share and convertible with last quotation day on the 31 January 2011. NASDAQ OMX Stockholm has also approved the company's application for primary listing from 1 February 2011.

The reasons for the company's decision to delist the share and convertible from Oslo Stock Exchange include the substantial decrease in trading in the company's share on the Oslo Stock Exchange as well as the additional costs and extra work associated with being listed on two exchanges.

- We want to thank Oslo Stock Exchange for their cooperation during the almost 10 years we have been listed. As trading volumes have shifted over the last couple of years from the Oslo Stock Exchange to NASDAQ OMX Stockholm, we have decided to delist our share and convertible from the Oslo Stock Exchange. We welcome all investors to trade at NASDAQ OMX, which offers good liquidity in our share and convertible, says Bo Askvik, President and CEO of PA Resources AB.

PA Resources will offer the shareholders and holders of convertible bonds, who are registered with the Norwegian Verdipapirsentralen (VPS), help with the transfer of shares and convertible bonds into account in the Swedish Euroclear System (VPS equivalent) or with bank or other trustee. PA Resources will pay the conversion cost of NOK 650 to transfer the shares and/or convertibles from the VPS account to the new account. This offer is valid from 17 January 2011 until 18 February 2011 and under certain conditions. Information regarding this will be sent in the middle of January 2011 to holders of shares or convertibles registered in VPS. More information is available on the company's web site www.paresources.se.

The information document prepared in connection with the primary listing is available on the company's website www.paresources.se and may be ordered from PA Resources office at Kungsgatan 44, level 3, SE-111 35 Stockholm, Sweden, or by phone at +46 8 21 83 82 or by e-mail info@paresources.se.

Stockholm, 23 December, 2010
PA Resources AB (publ)

For further information, please contact:

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, United Kingdom, Denmark, Greenland, Netherlands, Equatorial Guinea and the Republic of Congo (Brazzaville). 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 2,113 million during 2009. The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway (segment OB Match). 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 09.45 CET on 23 December, 2010.