Notice of the extraordinary general meeting of PA Resources AB (publ) on December 11th, 2007

The shareholders are hereby summoned to the extraordinary general meeting of 
PA Resources AB (publ), 556488-2180, on Tuesday December 11th 2007 at 13.00 at
Ingenjörshuset Citykonferensen, Malmskillnadsgatan 46 in Stockholm, Sweden, in
the conference room Styrelserummet. 

Right to participate in the extraordinary general meeting
Shareholders wishing to participate in the extraordinary general meeting must: 

- be entered in their own name in the transcript of the register of
shareholders made by VPC AB on December 5th 2007 (see also the section on
Nominee registered shares below), and 

- have notified the company of their attendance at the following address PA
Resources AB, Kungsgatan 44, 7th floor, 111 35 Stockholm, or by telephone +46 8
21 83 82, fax +46 8 20 98 99 or e-mail to bolagsstamma@paresources.se not later
than 16.00 on December 7th 2007. When notifying the company, please state your
name, personal or corporate identity number, telephone number, address,
shareholding and information about representatives and assistants when
applicable. 

Nominee registered shares
Shareholders whose shares are nominee registered must also, in order to be
entitled to participate in the meeting, request a temporary entry in the
register of shareholders kept by VPC AB. Shareholders must notify the nominee
about this well before December 5th 2007, as this entry must have been effected
in order to be taken into account in the transcript of the register of
shareholders made by VPC AB on that date. 

Shareholders who are registered in the Norwegian Verdipapirsentralen must
request a temporary entry as shareholders in the register of shareholders kept
by VPC AB, in order to be entitled to participate in the meeting. In this
connection, shareholders must notify DnB NOR Bank ASA about this at the
following address Verdipapirservice, Stranden 21, 0021 Oslo or by fax +47 22 94
90 20 not later than 12.00 CET on December 3rd 2007, so that DnB NOR Bank can
ensure that an entry is made in the register of shareholders kept by VPC AB by
December 5th 2007. After the general meeting, DnB NOR Bank will arrange for the
shares to be re-registered in the Norwegian Verdipapirsentralen. 

Proxy
Shareholder's right at the meeting is allowed to be exercised by proxy. The
power of attorney must be in writing and may not be older than twelve months.
It must be dated and signed. The power of attorney in original must be
submitted to the company at the address above well before the meeting. Power of
attorney forms are available at the company and on the company's web site
(www.paresources.se). If the power of attorney is issued on behalf of a legal
entity, a certified copy of a registration certificate or corresponding
documents of authorisation must be submitted. 

Proposed agenda 
1. Opening of the meeting 
2. Election of the chairman of the meeting
3. Establishment and approval of the list of voters
4. Approval of the Board's proposal for the agenda
5. Election of persons to verify the minutes  
6. Determination whether the meeting has been duly convened
7. Resolution to authorise the Board to decide about issues of
shares/convertibles 
8. Other items
9. Closing of the meeting

Proposal of the Board (item 7)
The Board's proposal implies that the general meeting decides to extend the
authorisation to issue a maximum of 25,000,000 shares given to the Board by the
Annual General Meeting on 9th of May 2007, to include the right to issue both
shares and convertibles. 

The Board proposes that the general meeting decides to authorise the Board to
increase the company's share capital by issuing shares or convertibles, or a
combination of the two, before the next Annual General Meeting, on one or
several occasions, meaning that the company's share capital may increase with a
maximum of SEK 12,500,000, equivalent to a maximum of 25,000,000 new shares.
Deviation may be made from the preferential right of the shareholders. Payment
for subscribed shares/convertibles may be made by contribution in kind or
set-off. 

The authorisation will enable the Board to raise capital to finance the further
expansion of the company's business in a flexible and effective way in view of
the current market situation. If this authorisation is fully utilised, it will
have a dilutive effect of approximately 14.7 percent based on the present
number of issued shares in the company (145,014,004). 

Stockholm, November 27th, 2007
PA Resources AB (publ)
The Board of Directors


For further information, please contact: 
Ulrik Jansson 
President and CEO
PA Resources AB
Telephone: +46 70 751 41 84
E-mail: info@paresources.se


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 operates in Tunisia, Norway, Great Britain,
Denmark, Equatorial Guinea and the Republic of Congo (Brazzaville). PA
Resources is today one of the largest oil producers in Tunisia. The parent
company is located in Stockholm, Sweden. 
PA Resources AB's net sales amounted to approximately SEK 843 Million during
2006. The company is primary listed on the Oslo Stock Exchange in Norway
(segment OB Match) and secondary listed on the OMX Nordic Exchange in
Stockholm, Sweden (segment MidCap). For additional information, please visit
www.paresources.se.