- Total oil production:                                                                                        744,100 barrels

- Average oil production per day:                                                                      8,200 barrels per day

- Accumulated oil production January - June:                                                   1,527,100 barrels

- Oil sales :                                                                                                      638,000 barrels

- Average sales price:                                                                                       56.83 USD per barrel

- The average production exceeded 12,000 barrels per day at the end of the period.

- Good production regularity was maintained during the quarter with production from six fields in Tunisia.

- The new production well at the Didon field, Didon-10, was spudded in the end of March and came onstream
 in mid June. The well is producing as estimated hence increasing the field's rate of production.

- Additional production expected when the Azurite field in the Republic in Congo starts producing during
summer 2009.

- The production forecast remains unchanged - the average production in 2009 is expected to amount to
between 11,000 and 14,000 barrels of oil equivalents per day.

 

 

 

Ulrik Jansson, President and CEO

Telephone: +46 70 751 41 84, +46 8 21 83 82

E-mail: ir@paresources.se

Bo Askvik, CFO

Telephone: +46 70 819 59 18, +46 8 21 83 82

 

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 today one of the largest oil producers in Tunisia. The parent company is located in Stockholm, Sweden.

PA Resources' net sales amounted to SEK 2,420 Million during 2008. The company is primary listed on the Oslo Stock Exchange in Norway (segment OB Match) and secondary listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid Cap). For additional information, please visit www.paresources.se.