Average production of oil per day*
|
(barrels per day)
|
First half,
2012
|
Q2,
2012
|
June,
2012
|
|
West Africa
|
5,900
|
5,700
|
6,000
|
|
North Africa
|
2,400
|
2,300
|
2,200
|
|
Group Total
|
8,300
|
8,000
|
8,200
|
* 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.
-
Total oil production in Q2,
2012:
727,800 barrels
-
Average sales price in Q2,
2012:
109 USD per barrel (preliminary)
-
Production at the Azurite field in Congo had by
early June returned to its levels before the maintenance
work that took place at the end of May.
-
PA Resources is evaluating the operator's
recommendation to drill a sidetrack from the Azurite
FDPSO to reinstate production lost due to the failed
production well (as earlier communicated).
-
In Tunisia production on two of the small on-shore
fields Douleb and Semmama was re-started in mid-June. The
Tamesmida field is still shut-in.
Stockholm, 6 July 2012
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik, President and CEO, PA Resources
AB
+46 708 19 59 18, ir@paresources.se
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, 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). 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 CET on 6 July 2012.