Average production of oil per day*
(barrels per day) First half, Q2, June,
2012 2012 2012
West Africa 5,900 5,700 6,000
North Africa 2,400 2,300 2,200
Group Total 8,300 8,000 8,200
* Production based on Working Interest, which is PA Resources’ share of the
total gross production
of the oil fields before deduction of royalty and taxes etc. Production figures
are preliminary.
· Total oil production in Q2, 2012: 727,800 barrels
· Average sales price in Q2, 2012: 109 USD per barrel
(preliminary)
· Production at the Azurite field in Congo had by early June returned to its
levels before the maintenance work that took place at the end of May.
· PA Resources is evaluating the operator’s recommendation to drill a
sidetrack from the Azurite FDPSO to reinstate production lost due to the failed
production well (as earlier communicated).
· In Tunisia production on two of the small on-shore fields Douleb and Semmama
was re-started in mid-June. The Tamesmida field is still shut-in.
Stockholm, 6 July 2012
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik, President and CEO, PA Resources AB
+46 708 19 59 18, ir@paresources.se
PA Resources AB (publ) is an international oil and gas group which conducts
exploration, development and production of oil and gas assets. The Group
operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is producing
oil in West Africa and North Africa. The parent company is located in Stockholm,
Sweden. PA Resources’ net sales amounted to SEK 2,154 million during 2011. 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 08.30 CET on 6 July 2012.
