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Drilling of exploration well on Marine XIV completed

The exploration well Makouala Marine-1, located in Licence Marine XIV offshore the Republic of Congo (Brazzaville), has reached total depth at 2,700 meters. The well encountered hydrocarbons but only a modest pay thickness.The operator SOCO has announced that the Makouala Marine-1 (“MKM-1”) exploration well, spudded on 19th November 2011 in the Marine XIV Licence, offshore the Republic of Congo (Brazzaville) encountered hydrocarbons in the T’chala, Upper and Lower Sendji formation horizons. The MKM-1 well targeted the post-salt Sendji Formation reservoir within a four-way dip closed

First oil at Aseng increases PA Resources production

Production of oil has commenced on the Aseng Field in Block I in Equatorial Guinea. The field will contribute approximately 3,000 barrels of oil per day net to PA Resources. The Aseng project was delivered ahead of schedule and under budget.First oil flowed from the field into the Aseng floating production, storage and offloading (FPSO) vessel on November 6, 2011. The oil production rate has steadily ramped up as 4 subsea wells have been brought online. The field is now producing approximately 50,000 barrels of oil per day gross and will contribute around 3,000 barrels of oil per day to PA

PA Resources Production Report for October 2011

Average production of oil per day* (barrels per day) Year to Date 2011 October 2011West Africa 5,100 3,800North Africa 3,400 3,100Group Total 8,500 6,900 * Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalty and other taxes. Production figures are preliminary. · The production in Tunisia and the Republic of Congo was not affected by any direct activities at the fields during the month. · The commissioning of the Aseng

PA Resources discovers oil in the Lille John prospect

The oil and gas group PA Resources has made an oil discovery in the Miocene sandstone level in the Lille John prospect in License 12/06 offshore Denmark. The exploration well will now be sidetracked to a Chalk target.The ongoing exploration well at the Lille John prospect has encountered approximately 5 meters of hydrocarbon pay in an overall Miocene sandstone/shale interval of 25 meters thickness at a depth of approximately 900 meters below mean sea level. Initial analyses of logs and samples confirm a sweet, light oil of 34-35 degrees API gravity with a gas:oil ratio of approximately 350

PA Resources AB: Production report for Quarter 3, 2011

PA Resources’ average production per day* (Barrels per day) Year to Date, Quarter 3, September, 2011 2011 2011West Africa 5,200 4,500 4,000North Africa 3,500 3,300 3,300Group total 8,700 7,800 7,300 * Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalty and other taxes. Production figures are preliminary. · Total oil production, Quarter 3, 2011:   721,400 barrels · Average

Update on activities in Block H in Equatorial Guinea

The oil company White Rose Energy has announced a farm-in to Block H in Equatorial Guinea, which contributes to an advancement of the exploration activities in the block. An exploration well is going to be drilled in 2012. PA Resources is one of the partners in Block H.The oil and gas company PA Resources notes the press release issued by White Rose Energy Ventures regarding its farm-in to Block H in Equatorial Guinea. White Rose is acquiring an aggregate interest of 48.75% from Atlas Petroleum International and ROC Oil (Equatorial Guinea) Company and becomes technical manager of activities

Exploration well at Lille John spudded

The oil and gas group PA Resources continues its drilling campaign in Licence 12/06 in the Danish North Sea with the commencement of drilling of an exploration well at the Lille John prospect.In July an exploration well was drilled on the Broder Tuck prospect on the Danish License 12/06 and gas and condensate was discovered. In August, a side track encountered additional hydrocarbons. The well has now been plugged and abandoned. The drilling rig ENSCO 70 has mobilized to the Lille John prospect, approximately 8 kilometres south of Broder Tuck, and the drilling of the second exploration

PA Resources confirms Danish gas discovery

The sidetrack of the recent gas discovery at the Broder Tuck prospect in Licence 12/06 offshore Denmark has confirmed additional hydrocarbon column whilst sample analyses from the initial exploration well have indicated a higher than expected condensate content.Bo Askvik, President and CEO at PA Resources, comments: “We are pleased to have confirmed additional hydrocarbons with the sidetrack and to be able to update on the condensate content of the gas, which exceeds our expectations and adds value to the find. This is an exciting discovery for PA Resources and we now look forward to the

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