Average production of oil per day
Working interest* Net Entitlement**
(barrels per day) Q4 2014 Q12015 Q42014 Q12015
West Africa 2,240 2,070 1,780 1,720
North Africa*** 690 1,290 660 1,200
Group Total 2,930 3,360 2,440 2,920
* 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.
*** Due to the termination of the farm-out agreement of a 70 percent interest in
the Didon field to EnQuest, PA Resources’ working interest in the Didon field is
100% as of 2015. The production figures for Q4 2014 relate to 30% of Didon.
· Total oil production in Q1, 2015: 303,000
barrels
· Average sales price in Q1, 2015: 54 USD per
barrel (preliminary)
· In order to provide comparability, Q4 working interest production in North
Africa would have amounted to 1,520 if 100% of Didon had been included.
Stockholm, 8 April 2015
PA Resources AB (publ)
For queries, please contact:
Tomas Hedström, CFO
+46 8 545 211 50
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 603 million in 2014. The share is listed on
the NASDAQ 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 8 April 2015.
