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PA Resources AB : PA Resources’ Production Report for Q2, 2012

07/06/2012| 03:17am US/Eastern
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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.

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