This report summarizes production and sales of crude oil and gas in the PA
Resources Group during the month of May 2007. The next report will summarize
the second quarter 2007 and will be released in August.
Total production
Total oil- and gas production in the Group during May 2007: 639,000 BOE
Crude oil
Average oil production per day during May 2007: 20,607 barrels per day
Total oil production during May 2007: 639,000 BOE
Accumulated oil production January - May 2007: 1,902,000 BOE
Oil sales during April and May 2007: 1,152,000 BOE
- Here of export sales 830,000 BOE
- Here of local sales 322,000 BOE
Average sales price during April and May 2007: 64.56 USD per barrel
Gas
No gas has been produced or sold during the month of May.
Comments
All the production for May 2007 comes from the Tunisian assets. This includes
the fields Didon, Douleb, Semamma, Tamesmida and Ezzaouia. The El Bibane field
continues to be shut down awaiting work-over and new wells to be drilled.
Production regularity on the Didon field was recorded to 94.6 percent for the
period of April and May and the produced water content remains unchanged in the
wells with 0.3 percent.
Explanations
BOE = barrels of oil equivalents
Oslo, June 11, 2007
PA Resources AB (publ)
For more information, please contact:
Trond Bjerkan
Vice President, PA Resources AB
Telephone: +47 21567610
E-mail: info@paresources.no
PA Resources AB (publ) is a fast growing oil- and gas group company with the
business strategy to acquire, develop and exploit oil- and gas reserves, as
well as explore new findings. The Group is today one of the largest oil
producers in Tunisia. The Group is also the owner of interests in twelve
licenses on the Norwegian continental shelf as well as in promising exploration
areas in
Equatorial Guinea and the Republic of Congo (Brazzaville).
PA Resources AB's net sales amounted to SEK 930.1 million during 2006. The
company is listed on the SMB-list of the Oslo Stock Exchange in Norway and on
the Nordic Stock Exchange in Sweden. For additional information, please visit
www.paresources.se.
