Average production of oil per day
Working interest* Net Entitlement**
(fat per dag) Q2 2014 Q32014 Q22014 Q32014
West Africa 2,400 2,400 2,000 1,900
North Africa*** 800 700 700 700
Group Total 3,200 3,100 2,700 2,600
* 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.
** Production based on Net entitlement, which is PA Resources’ share after the
application of terms of the Production sharing contract.
*** Subject to the necessary approvals, PA Resources working interest in the
Didon field in Tunisia has been reduced from 100% to 30% through the farm-out
transaction with EnQuest. The production figures above relates to the 30%.
· Total oil production in Q3, 2014: 286,000
barrels
· Average sales price in Q3, 2014: 100 USD per
barrel (preliminary)
· The first Didon Field Electrical Submersible Pump (ESP) successfully
installed and started during last week of the quarter
· PA Resources’ next production report to be issued on 8 January, 2015.
Stockholm, 7 October 2014
PA Resources AB (publ)
For queries, please contact:
Ingrid Östhols, Head of Corporate Communication & IR
+46 72 181 08 67
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, 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 1,049 million in 2013. The share is listed
on the NASDAQ OMX in Stockholm, Sweden. 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 October 2014.
