PA RESOURCES: PRELIMINARY WELL RESULTS ON IPSWICH
Ipswich exploration well, 1/3 - 11, which is operated by Dong Energy, has shown indications of hydrocarbons. The well is still in operation and further data will have to be collected before any conclusions regarding the presence of movable hydrocarbons can be made.
PA Resources has a 30 per cent interest in PL 274, together with Dong Energy (operator and 40 per cent), Revus (15 per cent) and Noreco (15 per cent).
Stockholm/Oslo, June 30, 2008
PA Resources AB (publ)
For more information, please contact:
Trond Bjerkan
Executive Vice President, PA Resources AB
Telephone: +47 900 55 921
E-mail: info@paresources.no
PA Resources AB (publ) is a fast growing oil and gas group 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, Greenland, Great Britain, Denmark, Netherlands, 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 2,794 Million during 2007. 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 Mid Cap and from July 1 2008 segment Large Cap). For additional information, please visit www.paresources.se.
