Average production of oil per day*
(barrels per day) Year to date, November,
2012 2012
West Africa 5,700 4,800
North Africa 2,300 2,400
Group Total 8,000 7,200
* 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.
· Azurite total field production in November averaged 3,800 bopd, lower than
expected due to slow production recovery following two brief, unplanned
production shut-downs at the end of October and middle of November. Production
is now restored close to earlier levels. Operations on the plug and abandonment
operation of the failed production well have been protracted due to technical
issues but it is anticipated that removal of the existing production tubing will
shortly commence to allow the new sidetrack well to be drilled.
Stockholm, 7 December, 2012
PA Resources AB (publ)
For additional information, please
contact:
Nicolas Adlercreutz, CFO, +46 70 587 44 88
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 AM CET on 7 December 2012.
