PA Resources AB has successfully closed a bond issue of USD 200 million (corresponding to approx. SEK 1,333 million). The issue was fully subscribed. The oil and gas company PA Resources AB has closed a new senior secured bond issue of USD 200 million. The bond issue is fully subscribed. Participants in the bond issue were major international and Norwegian investors. The bond issue has a one (1) year term, and will mature in January 2009. The bond was made under two tranches; a NOK tranche of NOK 420 million and a USD tranche of USD 125 million. The bond carries an interest of 3 months Nibor + 5.0% and 9.5% respectively. - PA Resources is very pleased with the swift process of the issue and the successful reception of the loan on the capital market. The financing of the recent acquisition in the Republic of Congo as well as other planned business activities have now been secured, says Ulrik Jansson, President and CEO at PA Resources. Pareto Securities AS acted as manager for the bond issue. Stockholm/Oslo, December 20, 2007 PA Resources AB (publ) For additional information, please contact: Ulrik Jansson President and CEO PA Resources AB Tel: +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.