PA Resources' Production Report for August 2011
Average production of oil per day*
(barrels per day) Year to Date 2011 August 2011
West Africa 5,400 4,600
North Africa 3,500 3,100
Group Total 8,900 7,700
* 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: In August, production at the Azurite Field in the
Republic of Congo was partly affected by one well being taken out of
production for a short period of time in connection with subsea
installation activities. Production continues to be below the operator's
previously forecasted levels. Activities and assessments to determine
the wells' and the field's future production levels are still carried
out and with high priority.
· North Africa:The production in Tunisia has been stable in August,
but has been affected by a temporary shut-down of the Didon Field during
three days.
Stockholm, 9 September 2011
PA Resources AB (publ)
For additional information, please contact:
Nicolas Adlercreutz
CFO, PA Resources AB
Telephone: +46 70 587 44 88
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.
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 08.15 CET on 9 September 2011.
