06.11.2013 08:41:00

PA Resources’ Production Report for October, 2013

Regulatory News:

PA Resources AB (STO:PAR) (OSE:PAR):

Average production of oil per day*

(barrels per day)   Year to date, 2013   October, 2013
West Africa 4,200 3,600
North Africa** 600 400
Group Total 4,800 4,000

* 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.

· The average production has been affected since 1 July by the upgrade and maintenance shut-in of the Didon field. The vessel has now left the dry dock and production is expected to recommence in early November.

· Production from the Azurite field has ceased as planned, and field abandonment has commenced. The final lifting for the joint venture took place on 1 November.

· PA Resources will publish production reports for November and December 2013, but production figures will then only be reported on a quarterly basis.

Stockholm, 6 November 2013

PA Resources AB (publ)

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 08.30 am CET on 6 November 2013.

This information was brought to you by Cision http://news.cision.com

Nachrichten zu PA Resources ABShsmehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu PA Resources ABShsmehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!