PA Resources AB

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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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PA Resources Interim Report January - June 2011

Wed, Aug 17, 2011 08:15 CET

SUMMARY · Group revenue for the second quarter 2011 amounted to SEK 542.2 million (588.9). · EBITDA for the quarter totalled SEK 335.5 million (348.9). · The result before tax for the second quarter was SEK -12.8 million (-138.5). · Earnings per share before and after dilution were SEK -0.26 (-0.46). · A gas discovery was made on the Danish prospect Broder Tuck in mid-July. Evaluation is under way through drilling of a sidetrack. · Development of the Aseng field in Equatorial Guinea is ahead of schedule, and production start is now planned for the end of 2011.FINANCIAL

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PA Resources Interim Report January - June 2011

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