PA Resources' July 2011 Production Report


PA Resources' July 2011 Production Report

PA Resources' average production amounted to 8,600 barrels per day in
July.

Average production of oil per day*

(barrels per day)  Year to Date 2011  July 2011
West Africa        5,500              5,000
North Africa       3,500              3,600
Group Total        9,000              8,600

* Production based on Working Interest, which is PA Resources' share of
the total gross production on the oil fields before deduction of royalty
and other taxes. Production figures are preliminary.

  · West Africa:The performance of the final well at the Azurite field
in the Republic of Congo has been significantly below operator's
forecast and it appears that the formation was damaged during completion
of the well. Further evaluation is ongoing as to whether any remedial
action can be taken on this well.

  · North Africa: The production in Tunisia continued at a stable level.
The Didon field has produced as usual from two production wells, with an
intermittent contribution in July from a third well.

Stockholm, 8 August 2011
PA Resources AB (publ)

For additional information, please contact:

Bo Askvik, President and CEO PA Resources AB            
Telephone: +46 70 819 59 18
E-mail: info@paresources.se (info@paresources.se)

PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is
one of the largest oil producers in Tunisia and is also producing oil in
the Republic of Congo. The parent company is located in Stockholm,
Sweden.

PA Resources' net sales amounted to SEK 2,227 million during 2010. The
company is listed on the NASDAQ OMX in Stockholm, Sweden (segment Mid
Cap). For additional information, please visit
www.paresources.se (http://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 8 August 2011.

 

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